Mabilung Energy’s IPO Subscription Closes Today

Kathmandu – Today marks the final day for applications for the Initial Public Offering (IPO) of Mabilung Energy Limited. The IPO, which opened on July 6, will close by the end of business on July 20. The offering is available to local residents in the project-affected areas as well as Nepali workers employed abroad.

The company is offering 1,890,530 shares at a face value of Rs 100 each, totaling Rs 38.58 million in capital. Of this, 48.99% of the shares, valued at Rs 18.90 million, are being made available to the local residents of the project-affected regions of Sankhuwasabha. Specifically, shares have been allocated to residents of Madi Municipality wards 7, 8, 9, and Chainpur Municipality wards 2, 3, 7, 8, and 9. A total of 385,824 shares, valued at Rs 3.85 million, are set aside for these residents.

Additionally, 10% of the shares, valued at Rs 1.50 million and totaling 150,471 shares, are reserved for Nepali workers employed abroad who have received approval from the relevant government authority.

The IPO allows investors to apply for a minimum of 10 shares and a maximum of 50,000 shares. Laxmi Sunrise Capital is managing the issuance process.

Local residents can apply for shares at several locations, including the company’s website, Laxmi Sunrise Bank branches, Himalayan Bank in Madi Municipality, and Global IME Bank in Chainpur. They can also submit applications at the project’s powerhouse in Madi Municipality-7, Sankhuwasabha.

In addition, all C-ASBA approved member banks and financial institutions authorized by the Nepal Securities Board are accepting applications via the C-ASBA system.

This IPO represents a significant opportunity for local communities and Nepali workers abroad to invest in the company’s growth and development.