Jhapa Energy IPO allotment process has been completed. The allotment was done today at the office of the issue manager, Himalayan Capital Limited.
Nearly 20 lakh people applied.
A total of 4,73,336 units shares worth NPR 4,73,33,600 were reserved for the general public. The allotment lottery has determined the lucky applicants, with lucky ball no 9, and the rest will receive refunds soon.
Jhapa Energy opening price range?
According to the company’s financial report for fiscal year 2080/81, its Earnings Per Share (EPS) stands at NPR 0.50, while its net worth per share is NPR 100.52 Based on NEPSE’s rule of allowing up to three times the net worth, the official opening price range for Jhapa Energy’s shares is expected to be between NPR 100 and NPR 300.
AllStocksInfo prediction
Since Jhapa Energy is a Solar energy sector IPO, based on current demand trends and sector uniqueness, AllStocksInfo predicts that the trading price per unit could normally range between NPR 800 to NPR 1000 once listed on NEPSE.
