Jhapa Energy Limited has extended the deadline for its IPO applications to today, offering over 4.73 lakh shares to public and institutional investors.
Jhapa Energy Limited has announced that the last day to apply for its IPO is today, Bhadra 29. The IPO, which opened on Bhadra 20, had initially planned to close on Bhadra 24, but the period was extended by one day due to unforeseen circumstances on that day.
In the first phase, the company allotted 380,190 shares to local residents of affected areas and 57,029 shares to Nepali citizens working abroad.
For the second phase, the company has issued 28,514 shares for mutual funds, 11,406 shares for employees, and 473,336 shares for the general public, with a total value of NPR 47,333,600. Investors can apply for a minimum of 10 shares and a maximum of 5,000 shares.
ICRA Nepal has assigned the company a Single B-minus rating, indicating a high level of risk. Himalayan Capital Limited is managing the share issue and sale. Interested investors can apply via ASBA member banks, financial institutions, or the Mero Share online platform.
This article was originally published on https://bajarkochirfar.com. Translated with the help of AI and reviewed by our editorial team.
