Kathmandu. The initial public offering (IPO) of Jhapa Energy Limited has been completed on Wednesday. Himalayan Capital, the issue manager of the company, has issued the IPO this morning.

The company had issued 4,73,336 units of shares at face value of Rs 100 per share to the general public from September 5. A total of 1,868,141 applicants had applied for 2,03,51,670 units of shares. Of them, 1,833,738 applications have been approved while the rest have been rejected.

The IPO of the company has been allotted through a lottery process due to more applications than the demand. Accordingly, 47,333 people have been allotted 10 units of shares of the company.

The remaining 6 units of shares will be allotted to the investors at the rate of one unit. Accordingly, 6 applicants have been allotted 11 units of shares each.