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

Mabilung Energy Limited’s IPO allotment is scheduled for Bhadra 8, following a strong response from investors. Pre-allotment has already been completed.

Mabilung Energy Limited has officially set the allotment date for its initial public offering (IPO). According to the issue manager, Laxmi Sunrise Capital, the allotment process will be completed on Bhadra 8, Sunday. The company has already completed the pre-allotment process on Thursday, as confirmed by the issue manager.

The IPO received applications worth a total of Rs 2,66,67,17,000 by the final day, with 23,25,256 applicants applying for 2,66,67,170 shares. Of these, 1,24,890 applicants are expected to receive 10 shares each, while 4 applicants may receive up to 11 shares. Approximately 22 lakh applicants are likely to remain unsuccessful.

The company had obtained approval to issue 18,90,530 ordinary shares at a face value of Rs 100 each on Asar 1. In the first phase, shares were allocated to local residents and Nepali workers abroad, while the remaining 12,48,904 shares have been issued 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.