Kathmandu. Today is the last day for Nepalis in foreign employment 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. Nepalis in foreign employment can apply for this IPO till today. The ipo issued for the locals will be closed at the earliest on August 15 and late on September 15 after the banking time.
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.
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, have been issued to nepalis in foreign employment at a face value of Rs 100 per share. Applications can be made for a minimum of 10 units and a maximum of 5,000 units.
Nepalis in foreign employment can apply through c-ASBA system and my share of CDSC from all ASBA member banks and financial institutions and their designated branch offices approved by the Securities Board of Nepal.
Himalayan Capital is the IPO sales manager of Jhapa Energy.
