Last Day to Apply for Jhapa Energy Limited’s IPO

Bhadra 24, 2082) is the final day to apply for the Initial Public Offering (IPO) issued by Jhapa Energy Limited. The company received approval from the Securities Board of Nepal (SEBON) on Ashad 31 to issue a total of 950,475 shares at a face value of Rs. 100 each.

Out of the total issue, 380,190 shares (10%) have already been allotted to local residents of the project-affected areas, while 57,029 shares (15%) have been allocated and distributed among Nepalis working abroad.

Similarly, 28,514 shares have been reserved for mutual funds, and 11,406 shares have been set aside for the company’s employees. The remaining 473,336 shares have been opened for public investors.

Applicants can apply for a minimum of 10 shares and a maximum of 5,000 shares in this IPO. The issue manager for the IPO is Himalayan Capital Limited.