Jhapa Energy Limited has opened its Initial Public Offering (IPO) from today, Shrawan 14. The company received approval from the Securities Board of Nepal on Asar 31 to issue 950,475 shares at a face value of Rs. 100 per share.
Jhapa Energy IPO details
In the first phase, the IPO is exclusively open to:
- Local residents affected by the hydropower project – 380,190 shares
- Nepali citizens working abroad – 57,029 shares
Locals can apply from today (Shrawan 14) until Shrawan 28, with a possible extension until Bhadra 12 if not fully subscribed.
Migrant workers can apply from today (Shrawan 14) to Shrawan 18, with a possible extension until Shrawan 28 if needed.
How to Apply?
- Local residents can apply through company offices or centers within the project area.
- Migrant workers can apply online via the Mero Share platform or through the C-ASBA system at their respective banks or financial institutions.
Credit Rating and Financial record
The IPO has received a ‘ICRA NP-IR B Minus’ rating from ICRA Nepal, which indicates a high risk of timely repayment. Investors should consider this before making decisions.
In the fiscal year 2024, Jhapa Energy reported an operating income of NPR 53 million, suggesting that the company has started generating revenue from its core operations.
