SEBON has granted Jhapa Energy Limited permission to issue 25% of its shares to the public through an IPO, with Himalayan Capital appointed as the issue manager.
Nepal’s Securities Board (SEBON) has approved the IPO issuance of Jhapa Energy Limited, allowing the company to float 9,50,475 shares worth Rs. 9.50 crore at a face value of Rs. 100 per share.
IPO Approval Details
On Asar 31, Nepal Securities Board (SEBON) approved Jhapa Energy Limited to issue an Initial Public Offering (IPO) valued at Rs. 9,50,47,500. The company will offer 9,50,475 ordinary shares at a face value of Rs. 100 per share.
- Total IPO size: Rs. 9.50 crore
- Number of shares approved: 9,50,475 units
- Price per share: Rs. 100
- Public offering portion: 25% of total capital
- Promoter holding post-IPO: 75%
- Issue Manager: Himalayan Capital Limited
Share Structure
Out of the total issued capital, 25% (9,50,475 shares) will be allocated to the general public, while the remaining 75% will remain under promoter ownership.
Further details, including the opening and closing dates of the IPO, are expected to be announced soon by the company and the issue manager.
This article was originally published on https://bajarkochirfar.com. Translated with the help of AI and reviewed by our editorial team.
