Mabilung Energy Limited has opened its Initial Public Offering (IPO) for the general public from today, Shrawan 26, after completing allotments for project-affected locals and Nepalis working abroad.
Mabilung Energy Limited received approval from the Securities Board of Nepal (SEBON) on Ashadh 1 to issue a total of 18,90,530 ordinary shares at a par value of Rs. 100 per share. In the first phase, the company had issued 3,85,824 shares to project-affected locals and 1,50,471 shares to Nepalis working abroad, with allotments already completed in both categories.
From the remaining 13,54,235 shares, the company has reserved 75,236 shares for mutual funds and 30,095 shares for employees, while the remaining 12,48,904 shares have been offered to the general public. Interested investors can apply for a minimum of 10 shares and a maximum of 50,000 shares. The application period will remain open from Shrawan 26 to Shrawan 29.
ICRA Nepal Limited has assigned the IPO a rating of [ICRANP-IR B+], indicating an average risk in the company’s ability to meet its obligations. Laxmi Sunrise Capital Limited is managing the issuance and sale of the IPO.
Applications for the IPO can be submitted through || LS Capital Limited platform, the CDSC IPO Portal (iporesult.cdsc.com.np), or via a Mero Share account (meroshare.cdsc.com.np). Applicants must enter their DP ID and other required details while submitting the application.
This article was originally published on https://bajarkochirfar.com. Translated with the help of AI and reviewed by our editorial team.
