Jhapa Energy Limited has received approval from the Securities Board of Nepal (SEBON) to issue its Initial Public Offering (IPO). The decision was made today, clearing the way for the company to enter the public stock market.
IPO details: Number of shares and price
The company will issue 950,475 shares to the public. Each share will be available at a face value of Rs. 100. The IPO will be handled by Himalayan Capital Limited, a trusted issue manager in Nepal.
Promoter share and credit rating
Before this public issue, 75% of the company is held by promoters. The IPO has received a credit rating of “ICRA-NP B-” from ICRA Nepal. This shows that the investment involves moderate risk but also opportunity.
Company earnings and income report
In the Fiscal Year 2024 (Audited), Jhapa Energy Limited earned an operating income of Rs. 53 million. This shows the company is already making money from its operations.
About Jhapa Energy Limited
Jhapa Energy Limited is a hydropower company based in Nepal, focused on generating clean and sustainable energy. The company plays a role in supporting Nepal’s power needs through renewable energy sources. With a reliable stream of operating income and 75% promoter holding, Jhapa Energy aims to grow further by raising capital through this IPO. The approval from SEBON marks a new chapter in its development and future expansion plans in the energy sector.
