IPO for General Public: Jhapa Energy Limited to Issue 4,73,336 Units IPO Shares from Bhadra 20
Summary
Jhapa Energy Limited will issue 4,73,336 IPO shares starting Bhadra 20 with a par value of Rs. 100 per unit, aiming to reduce its debt. The company's credit rating has been downgraded due to financial risks.
Key Points
- Jhapa Energy Limited to open IPO for 4,73,336 shares starting Bhadra 20, 2082.
- The company’s credit rating was downgraded by ICRA Nepal indicating increased financial risk.
- Jhapa Energy operates a 10-MW solar photovoltaic plant in Jhapa district, Koshi Province.
- IPO proceeds aim to reduce the company's high debt burden following partial debt funding for the project.
