Jhapa Energy IPO Set to Open for Public Subscription! – IPO Alert
Get ready, investors! Jhapa Energy Limited is launching its Initial Public Offering (IPO) for the general public starting August 20th. This is your chance to potentially invest in a promising energy sector company!
Previously, Jhapa Energy successfully allocated shares to local residents affected by the project, distributing 380,019 shares, and also offered shares to Nepalese workers abroad with 57,029 shares distributed. Now, the company is moving on to the next phase, offering shares to the general public.
In this second phase, the company has allocated 28,514 shares for mutual funds and 11,406 shares for employees. The company is now issuing 473,336 shares with a face value of Rs 100 per share to the general public. Investors can apply for a minimum of 10 units and a maximum of 5,000 units.
The IPO will be open from August 20th to August 24th. However, if there’s a lower-than-expected number of applications, the deadline might be extended to October 3rd, providing ample time for you to invest and not miss out on the opportunity.
Important Note: ICRA Nepal has assigned a “Single B Minus” rating to Jhapa Energy, indicating a high level of risk. Please conduct thorough due diligence and consult with your financial advisor before making any investment decisions.
The Issue Manager for this IPO is Himalayan Capital Limited. Stay tuned for updates and information regarding the IPO process including application procedures and any other important details to help make informed investment choices.
This could be a good opportunity for those looking to diversify their investment portfolio with energy stocks. Consider this a timely stock market update as the IPO approaches. This investment opportunity is a great way to enter the stock market! Keep a close eye on the stock market trends!
