Jhapa Energy Limited opens IPO for general public after allotment to locals and migrant workers

Kathmandu: Jhapa Energy Limited has officially opened the Initial Public Offering (IPO) for the general public starting Friday.

The company moved to this stage after completing the allotment of shares reserved for locals affected by the project and for Nepali citizens working abroad.

In the first phase, the company had already issued and allocated 380,190 ordinary shares to project-affected locals and 57,029 shares to Nepalis employed overseas.

In the second phase, Jhapa Energy has set aside 28,514 shares for collective investment funds and 11,406 shares for employees, while the remaining 473,336 shares are now open for subscription by the general public.

Each share is priced at a face value of Rs 100, amounting to a total issue size of Rs 47.33 million.

Investors may apply for a minimum of 10 shares and up to a maximum of 5,000 shares.

The IPO will remain open until 9 September 2025 and may extend until 19 September 2025 if undersubscribed.