Jhapa Energy Limited has opened its IPO from Shrawan 14, targeting project-affected locals and Nepalis working abroad.
Jhapa Energy Limited has opened the initial public offering (IPO) of its shares starting today, Shrawan 14. The company received approval from the Securities Board of Nepal (SEBON) on Ashar 31 to issue a total of 9,50,475 shares at a face value of Rs. 100 per unit.
In the first phase, the IPO is being issued exclusively for two categories of applicants: project-affected local residents and Nepali citizens currently employed abroad. Out of the total shares, 3,80,190 units have been allocated for local residents of the affected areas, while 57,029 units are reserved for Nepalis in foreign employment.
Applicants must apply for a minimum of 10 units and can request up to 5,000 units. For local residents, the application period runs from Shrawan 14 to Shrawan 28. If the issue is not fully subscribed, the deadline may be extended up to Bhadra 12. Similarly, for Nepalis working abroad, the application window is from Shrawan 14 to Shrawan 18. However, if subscriptions fall short, this period may be extended until Shrawan 28.
This article was originally published on https://bajarkochirfar.com. Translated with the help of AI and reviewed by our editorial team.
