Kathmandu. Jhapa Energy Company has issued an IPO for the general public.

The company has issued shares for the general public from today by issuing shares to the Nepalis living abroad after obtaining local and labor approval of the project-affected areas.

The company has allotted 380,190 units of shares to locals in the project-affected areas and 57,029 units of ordinary shares to Nepalis living abroad. Similarly, 28,514 units have been set aside for mutual funds and 11,406 units for employees.

The company has issued 473,336 units of shares worth Rs 47,333,600 for the general public at the rate of Rs 100 per share. Applications can be made for a minimum of 10 to a maximum of 5,000 units. Applications for the IPO can be made till September 30.

If the application is not received as per the demand during the period, the application can be submitted till September 15. Himalayan Capital is the sales manager of the company. The IPO can be applied through banks and financial institutions that have taken members from the Securities Board of Nepal and my shares.