The IPO sale of Mabilung Energy is open from today, who will be able to fill it?

Kathmandu. Mabilung Energy is going to issue an IPO from July 15. In the first phase, the company is going to open the IPO sale to the local and foreign employment nepalis in the project-affected areas.

The securities board of Nepal has approved the issuance of 48.9998 percent of the issued capital of Rs 385.824 million i.e. Rs 189 million 53 thousand. Accordingly, the company will sell a total of 1,890,530 units of shares at a face value of Rs 100 each.

The company will open a total of 385,824 units of shares worth Rs 38,582,400 at a face value of Rs 100 each, which is 10 per cent of the issued capital. Sankhuwasabha’s Madi Municipality Ward No. Ward No. 7, 8, 9 and Chainpur Municipality. Residents of 2, 3, 7, 8 and 9 can apply for the purchase. Locals can apply from Global IME Bank’s Chainpur branch, Himalayan Bank’s Madi branch, Laxmi Sunrise Bank’s Khandbari branch and the project’s powerhouse at Madi-7.

Similarly, Nepalis in foreign employment can apply for 150,471 units of shares worth Rs 15 million 47,100 at a face value of Rs 100, representing 10 percent of the total shares allocated for the general public. They can apply for purchase from all C-ASBA member banks and financial institutions approved by the Securities Board of Nepal and their designated branch offices and my shares of CDSC.

In this IPO, investors of both groups can apply for a minimum of 10 units and a maximum of 50,000 units. The ipo issued for the locals of the project-affected areas will be closed at the earliest on July 14 and late on July 15. Nepalis in foreign employment will be able to apply till the banking period on July 14.

Laxmi Sunrise Capital is the IPO sales manager of Mabilung Energy.