Jhapa Energy Limited will issue 4,73,336 shares to the general public starting Bhadra 20, 2082 B.S., after completing earlier allocations to locals and overseas Nepali workers.
Jhapa Energy Limited has announced that it will launch its Initial Public Offering (IPO) for the general public starting Bhadra 20, 2082 B.S. Earlier, the company had allocated 3,80,190 shares to project-affected local residents and 57,029 shares to Nepali workers abroad.
In the second phase, the company has reserved 28,514 shares for collective investment funds and 11,406 shares for company employees. The remaining 4,73,336 shares will be issued to general public investors at a face value of Rs. 100 per share. Investors can apply for a minimum of 10 shares and a maximum of 5,000 shares. The IPO will remain open until Bhadra 24, 2082 B.S., and in case of under-subscription, the application period may be extended until Ashoj 3, 2082 B.S.
For the IPO, ICRA Nepal has assigned a “Single B Minus” rating to the company, indicating a higher risk. The issue manager for this IPO is Himalayan Capital Limited.
This article was originally published on https://bajarkochirfar.com. Translated with the help of AI and reviewed by our editorial team.
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