Today is the final day to apply for Jhapa Energy Limited’s IPO shares under the reserved quota for Nepali migrant workers.
The company started issuing 437,219 shares on Shrawan 14, targeting two main groups: locals affected by the solar project in Jhapa and Nepalis working abroad with official labor approval.
Out of the total, 57,029 shares were set aside for Nepalis in foreign employment, and today is the last chance for them to apply.
Jhapa Energy Limited received approval from the Securities Board of Nepal on Ashar 31 to issue 950,475 ordinary shares at Rs. 100 per share.
The shares have been categorized into three groups:
- 190,095 shares for locals directly affected by the project area (within 100 meters of the site),
- 190,095 shares for residents indirectly affected (same ward but outside the 100-meter zone),
- 57,029 shares for Nepalis abroad with valid labor permits.
- Migrant workers can apply for a minimum of 10 shares and up to 5,000 shares through:
- Any ASBA member banks and their designated branches
- Or via Mero Share Online
- Locals can apply from several branches of Himalayan Bank and Machhapuchhre Bank in Damak and Surunga, or directly from the project site.
Note: For local residents, the IPO application deadline is between Shrawan 28 and Bhadra 12.
The issue manager for this IPO is Himalayan Capital. After this first phase, Jhapa Energy will issue IPO shares to the general public in the second phase.
