Kathmandu. Today is the last day for the project-affected locals to apply for the IPO of Jhapa Energy.
In the first phase, the company had opened the IPO sale for local and foreign employed Nepalis in the project-affected areas. In this IPO, the locals will be able to apply till the banking time today. However, the IPO sale was open to Nepalis in foreign employment till July 15.
The company has opened 380,190 units of ordinary shares worth Rs 380.019 million i.e. Rs 380.019 million to the locals. Out of the total shares allotted for the locals, 190,095 units will be allotted to the residents of shivasatakshi municipality ward no. 4 of Jhapa district, while the remaining 190,095 units will be allotted to the residents of Shivasatakshi municipality ward no. 4.
Applications can be made for a minimum of 10 units and a maximum of 5,000 units.
A total of 57,029 units of ordinary shares worth Rs 5,702,900, representing 10 per cent of the shares allotted for the general public, were issued to Nepalis in foreign employment at a face value of Rs 100 per share.
Himalayan Capital is the IPO sales manager of Jhapa Energy.
