Jhapa Energy Limited recently issued its initial public offering (IPO), which drew a huge response from investors across the country. More than 20 lakh people applied for shares, showing strong public interest in the company.
The IPO process has now reached its final stage. The company will carry out the pre-allotment on Tuesday. This step will confirm all details before the final allotment. According to the capital market, only 47,333 applicants will receive shares from this issue. Out of a total of 20,09,342 applicants, around 19,62,009 people will not be allotted any shares.
The final allotment is expected to be completed by Friday, after which investors will know the results.
