Kathmandu. Jhapa Energy Company is going to issue ordinary shares (IPO). The company is going to issue shares to the general public in the second phase.

In the first phase, the company has issued shares to the local residents of the project-affected areas and to the Nepalis living abroad for employment after obtaining labor approval. It has also allocated shares for the collective investment fund and employees.

In the first phase, the company has issued 380,190 units of shares to the local residents of the project-affected areas. Similarly, 57,029 units of ordinary shares have been issued for Nepalis living abroad for employment.

The company has so far set aside 28,514 units for mutual funds and 11,406 units for employees. The company has issued 473,336 units of shares worth Rs 47,333,600 at the rate of Rs 100 per share. Applications can be made for the IPO from September 10 to September 15. If the application is not received as per the demand during the period, then the application can be submitted till September 30.

Applications can be made for a minimum of 10,000 to 5,000 units. Himalayan Capital is the sales manager of the company. Investors can apply through banks and financial institutions and my shares that have taken c-assurance members from the Securities Board of Nepal.