Jhapa Energy opens IPO for public, 473,000 shares on offer
Summary
Jhapa Energy has opened its IPO to the general public, offering 473,336 shares valued at Rs 47.33 million with applications open until September 9, 2024.
Key Points
- Jhapa Energy opened its IPO for the general public on September 5, offering 473,336 shares worth Rs 47.33 million.
- The company had already allocated shares to project-affected locals and Nepalis working abroad before the public offer.
- Investors can apply for a minimum of 10 and a maximum of 5,000 shares at Rs 100 per share.
- Credit rating agency ICRA Nepal assigned the company a Single B Minus rating, indicating high financial risk, with accumulated losses of Rs 13.1 million as of mid-April 2024.
