The company will issue 12.48 lakh shares to the general public in the second phase of its IPO.
Mabilung Energy Limited is set to open its Initial Public Offering (IPO) for the general public starting from Shrawan 26. The offering includes 12,48,904 units of shares at a par value of Rs. 100 per share, available for application until Shrawan 29.
The company had received approval from the Securities Board of Nepal (SEBON) on Asar 1 to issue a total of 18,90,530 shares to the public. In the first phase, 3,85,824 shares were issued to project-affected locals, and 1,50,471 shares to Nepali citizens working abroad, which have already been allotted.
In the second phase, Mabilung Energy is now issuing the remaining 13,54,235 shares, of which:
75,236 shares are reserved for mutual funds
30,095 shares are set aside for company employees
The remaining 12,48,904 shares are open to the general public
Interested investors can apply for a minimum of 10 shares and a maximum of 50,000 shares within the application window.
The IPO has been assigned a rating of “[ICRANP-IR] BB+” by ICRA Nepal, indicating a moderate credit risk. The issue and sales manager for this IPO is Laxmi Sunrise Capital Limited.
This article was originally published on https://bajarkochirfar.com. Translated with the help of AI and reviewed by our editorial team.
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