Jhapa Energy IPO Allotted; Only 47,339 Applicants Receive Shares

Jhapa Energy Limited has completed the allotment of its initial public offering (IPO) on Wednesday, Ashwin 8, 2082, at the office of issue manager Himalayan Capital Limited.

The company had offered 473,336 ordinary shares at Rs. 100 per share to the general public starting from Bhadra 20. The issue was oversubscribed by a wide margin, drawing applications from 1,868,141 investors seeking a combined 20.35 million shares.

Of these, 1,833,738 applications were validated, while the remaining were disqualified. Due to the massive oversubscription, allotment was conducted through a lottery system (gola pratha). As a result, 47,333 investors received 10 shares each, while the remaining 6 shares were distributed to 6 applicants, giving them 11 shares each.

The IPO highlights the persistent retail investor demand in Nepal’s capital market, where oversubscriptions of 20x or more have become common. Analysts note that such strong demand reflects both limited supply of new equities and high liquidity among small investors.