Jhapa Energy IPO Allotment Announced! IPO News and Investment Opportunities
Jhapa Energy Limited has completed the IPO allotment for local residents and Nepali citizens working abroad. The IPO results were revealed today, Bhadra 9th, marking a significant moment for potential investors.
The IPO was open for subscription starting Shrawan 14th. This initial public offering targeted residents of Shivsataxi Municipality-4, Jhapa District, along with Nepali citizens holding labor permits and working overseas. This stock market event provides a chance for these specific groups to participate in Nepal’s financial market.
The company offered 380,190 shares for local residents and 57,029 shares for Nepalese citizens working abroad. This IPO allocation strategy allows for focused participation from communities impacted by the Jhapa Energy project, as well as the crucial Nepali diaspora.
Upcoming IPO Launch: General Public Next
Following this successful IPO for the specified groups, Jhapa Energy is preparing for the IPO launch for the general public. The Securities Board approved Jhapa Energy’s IPO on Ashar 31st, paving the way for a wider offering. This represents a significant opportunity for investors to get involved in the primary market in Nepal.
The company plans to sell shares worth NPR 95,047,500 (9 Crore 50 Lakhs 47 Thousand 5 Hundred Rupees), equivalent to 950,475 shares, to the general public. This upcoming IPO is an exciting development for those seeking to invest in the stock market and to participate in the growth of the energy sector in Nepal. For more details, stay tuned for updates on IPO dates and application procedures. Keep an eye on the NEPSE (Nepal Stock Exchange) for real-time stock market updates and financial news. It’s a great time to consider your investment portfolio and seek financial advice as needed.
