Mabilung Energy’s IPO allotment, how to check results? – Bajarko Chirfar English

Mabilung Energy Limited is preparing for its IPO allotment next week. Over 23 lakh applications were received, with only around 1.25 lakh investors likely to get shares.

The IPO allotment of Mabilung Energy Limited is expected to take place next week. According to the issue manager Laxmi Sunrise Capital Limited, the allotment process is currently underway.

The capital company informed that this time too, the allotment has been delayed due to a high number of duplicate applications filed from multiple DEMAT accounts. As a result, many applications are likely to be disqualified.

Mabilung Energy’s IPO received applications worth Rs. 2 arba 66 crore 67 lakh 17 thousand by the closing day. A total of 23,25,256 applicants applied for 2 crore 66 lakh 67 thousand 170 units of shares.

Out of these, only 1,24,890 investors will receive 10 units each, while four investors will receive 11 units each. This means that nearly 22 lakh applicants will remain empty-handed after the allotment.

The company had received approval on Asar 1 to issue 18,90,530 units of ordinary shares at a face value of Rs. 100 per share. In the first phase, shares for local residents and Nepalis working abroad were already allotted. The remaining 12,48,904 units were offered to the general public.

This article was originally published on https://bajarkochirfar.com. Translated with the help of AI and reviewed by our editorial team.