IPO for General Public: Jhapa Energy Limited Company Issue 4,73,336 Units IPO Shares from Today
Summary
Jhapa Energy Limited has launched an IPO offering 473,336 shares to the public starting today, aiming to reduce its debt linked to its 10-MW solar plant in Jhapa district.
Key Points
- Jhapa Energy Limited opened its IPO from 20th Bhadra 2082, issuing 473,336 unit shares at Rs. 100 par value each.
- The company operates a 10-MW solar photovoltaic plant in Jhapa district, Koshi Province, commissioned in January 2024.
- ICRA Nepal downgraded JEL's credit rating to a higher risk level indicating financial challenges.
- The IPO aim is to reduce the company’s debt, originally funded at 69% debt for the NPR 873 million solar project.
