Last Day for Locals Affected by the Project to Apply for Jhapa Energy IPO

Today is the final day for locals affected by the project to apply for Jhapa Energy’s Initial Public Offering (IPO). The company opened the first phase of IPO issuance on July 29 for project-affected locals and Nepalis working abroad. The subscription period for Nepalis working abroad ended on August 2, while locals can submit applications until the end of banking hours today.

The company has offered 380,190 ordinary shares, worth Rs. 38.019 million at a par value of Rs. 100 per share, which is 10% of its issued capital of Rs. 380.19 million. Out of the total shares allocated for locals, 190,095 units will be distributed to residents of the directly affected area — ward no. 4 of Shivasatakshi Municipality, Jhapa district — within 100 meters of the solar power project site, while the remaining 190,095 units will be allocated to other residents of ward no. 4.

Applicants can apply for a minimum of 10 shares and a maximum of 5,000 shares. For Nepalis working abroad, 57,029 shares — equivalent to 10% of the portion allocated for the general public — were issued until August 2.

Himalayan Capital is the issue manager for the Jhapa Energy IPO.