KATHMANDU, July 6: Mabilung Energy has opened its IPO, prioritizing shares for residents affected by its project and Nepalis working abroad.
In the first phase, the company has reserved Rs 38.58 million (385,824 shares at Rs 100 each) for permanent residents of Madi Municipality Wards 5–9 in Sankhuwasabha and Chainpur Municipality Wards 2, 3, 7–9. These eligible locals can apply between July 20 and August 4, purchasing a minimum of 10 and up to a maximum of 50,000 shares.
Additionally, 150,471 shares are allocated to Nepali migrant workers, who may apply by July 20 for 10 to 50,000 shares each.
Mabilung Energy received authorization from SEBON to issue 489,953 IPO shares, totaling Rs 18.9053 million—representing 48.99 percent of its Rs 38.5824 million paid-up capital.
Following the initial issuance, a second phase will offer approximately Rs 15.04707 million worth of 150,470 ordinary shares to the general public. The IPO is underwritten and managed by Laxmi Sunrise Capital.