Nepal, Sept. 5 -- Jhapa Energy has opened its Initial Public Offering (IPO) for the general public, issuing 473,336 shares worth Rs 47.33 million from Friday.

The company had earlier allocated shares to project-affected locals and Nepalis working abroad before opening the shares for the wider public. Investors can apply for a minimum of 10 shares and up to 5,000 shares at a face value of Rs 100 per unit. The IPO will remain open until September 9.

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Jhapa Energy has been permitted to issue a total of 950,475 shares worth Rs 950.47 million, equivalent to 25 percent of its issued capital of Rs 380.1 million. Of this, 380,190 shares were allotted to locals and 5...