Jhapa Energy IPO Opens July 29th: Your Guide to Investing in Renewable Energy in Nepal
Are you looking to invest in the Nepalese stock market and specifically the burgeoning hydroelectric sector? Well, mark your calendars! Jhapa Energy Limited is set to launch its Initial Public Offering (IPO) on July 29th (Saun 14th, as per the Nepali calendar). This is a fantastic opportunity to get involved in hydro power projects in Nepal and potentially benefit from stock market growth in Nepal.
The Jhapa Energy IPO has been approved by the Securities Board of Nepal (Sebon). The company will be offering a total of 950,475 shares, each with a face value of NPR 100. This IPO is being released in phases, offering a strategic approach for investors in Nepal.
Who Can Apply for the Jhapa Energy IPO?
The first phase of the IPO is specifically for:
- Local Residents: Those residing in areas affected by the project. A total of 380,019 shares are allocated for local residents. This is a great opportunity for them to participate in the growth of Jhapa Energy.
- Nepalese Workers Abroad: Nepalese citizens working overseas. A dedicated 57,029 shares have been set aside for this group. This is an excellent opportunity for NRNs to invest in Nepali IPOs and contribute to the nation’s development.
How to Apply for the Jhapa Energy IPO
Local Residents can apply through local branch offices and at the project site. The IPO application period for locals starts on July 29th and will run until August 12th.
Nepalese Workers Abroad can apply through the Mero Share app or the C-ASBA service. The application period for this group is from July 29th to August 2nd. There’s a possibility of an extension to August 12th if the initial application numbers are low. This offers a convenient and accessible way to invest in the stock market from abroad.
The minimum application is for 10 shares, and the maximum is 5,000 shares. This range allows for both small investments in IPOs and for more substantial participation.
Jhapa Energy IPO Rating and Considerations
It’s important to be informed. ICRA Nepal has assigned Jhapa Energy an “ICRANP-IR B-” rating. This indicates a high risk in meeting its financial obligations. Before investing in any IPO, make sure to do your due diligence and assess the risk. Consider the company’s financial performance and the outlook for the Nepalese energy sector.
Next Steps and IPO Updates
After the first phase, the IPO will open to the general public. Keep an eye on updates from Sebon and reliable financial news sources. Follow the IPO to track the performance and stock market trends in Nepal.
This is a chance to be part of a renewable energy project in Nepal and potentially benefit from stock market investment. Don’t miss the opportunity to buy IPO shares and stay informed about Nepalese IPOs! Research the IPO details and prepare to take advantage of this investment opportunity when the IPO opens.
