Jhapa Energy Limited has completed the allotment of its Initial Public Offering (IPO) today, managed by Himalayan Capital Limited.
Under the allotment, 47,327 applicants received 10 shares each, while 6 applicants received 11 shares each through a lottery system. The company had received approval from the Securities Board of Nepal (SEBON) on Ashar 31 to issue a total of 9,50,475 units of shares at a par value of Rs. 100 per share.
From the total issuance, 10% (3,80,190 units) were allocated to project-affected locals and 15% (57,029 units) were reserved for Nepalese citizens working abroad. Additionally, 28,514 units were set aside for mutual funds and 11,406 units for company employees. The remaining 4,73,336 units were offered to the general public between Bhadra 20 and Bhadra 30.
Applicants can check their IPO allotment status through Himalayan Capital Limited’s official website, the CDSC IPO Result Portal, or via their Mero Share account. Investors need to enter their DP ID, BOID, or other required details to view the results.
This article was originally published on https://bajarkochirfar.com. Translated with the help of AI and reviewed by our editorial team.
