Jhapa Energy Limited has announced a one-day extension of its Initial Public Offering (IPO) deadline, allowing general investors to apply until today, Bhadra 29, 2082. The subscription, which opened on Bhadra 20, was initially scheduled to close on Bhadra 24. However, disruptions in the market led the company to extend the deadline.

The IPO process was conducted in phases. In the first phase, 380,190 units were allotted to locals affected by the project area, while 57,029 units were distributed to Nepalis working abroad under official labor permits.

In the second phase, 28,514 units were allocated to mutual funds and 11,406 units reserved for employees, leaving 473,336 shares—worth Rs. 47.33 million at Rs. 100 par value—for the general public. Investors can apply for a minimum of 10 shares and up to a maximum of 5,000 shares.

ICRA Nepal has rated the company “[ICRANP-IR] Single B Minus (Issuer Rating),” signaling a high level of risk in terms of meeting financial obligations on time.

Jhapa Energy operates a 10 MW grid-connected solar project with an estimated cost of Rs. 879 million, translating into Rs. 87.9 million per MW. The project’s generation license has 22 years remaining. The equity payback period is estimated at 9.55 years (basic) and 13.46 years (discounted), while the project payback period is 8.06 years (basic) and 15.66 years (discounted).

Himalayan Capital Limited is managing the issuance. Investors can apply via ASBA member banks and financial institutions or online through the Mero Share platform.