Mabilung Energy Limited IPO Results Published

Mabilung Energy Limited has completed the allotment of its Initial Public Offering (IPO), which was issued to the general public from Shrawan 26 to Shrawan 29. The allotment was conducted at the office of Laxmi Sunrise Capital Limited, the issue manager, at 9:30 AM today.

According to the allotment results, 124,886 investors received 10 shares each, while 4 investors received 11 shares each. Investors can check their results through the issue manager Laxmi Sunrise Capital, their Mero Share accounts, the official CDS and Clearing Limited website (iporesult.cdsc.com.np), as well as the company’s official website.

As approved by the Securities Board of Nepal (SEBON), the company had floated 1,890,530 ordinary shares at a par value of NPR 100 each, equivalent to 48.99% of its issued capital worth NPR 189.05 million.

In the first phase, 385,824 shares were allotted to project-affected locals, and 150,471 shares were issued to Nepali migrant workers. In the second phase, the company reserved 75,266 shares for mutual funds and 30,095 shares for employees, while the remaining 1,248,904 shares were issued to the general public.