Mabilung Energy Limited has officially opened its first phase of Initial Public Offering (IPO) from Ashar 22 (July 6), allowing local residents from specific project areas and Nepali migrant workers abroad to apply. The company has received approval from the Securities Board of Nepal (SEBON) to issue 1,890,530 shares at a face value of Rs. 100 each. In this first phase, 385,824 shares are allocated for locals in Madi Municipality (wards 7, 8, and 9) and Chainpur Municipality (wards 2, 3, 7, 8, and 9), while 150,471 shares are reserved for Nepali migrant workers with valid labor permits. Applications are open until Ashar 4 (June 18), with an extension up to Ashar 19 (July 3) for locals, though the deadline for migrant workers is fixed.
| Details | Information |
|---|---|
| IPO Opening Date | Ashar 22 (July 6) |
| Total Shares Issued | 1,890,530 shares (Rs. 100 face value per share) |
| Phase 1 Target Audience | Local residents and Nepali migrant workers abroad |
| Shares Allocated to Locals | 385,824 shares |
| Shares Allocated to Migrant Workers | 150,471 shares |
| Local Areas Eligible to Apply | Madi Municipality (Wards 7, 8, 9), Chainpur Municipality (Wards 2, 3, 7, 8, 9) |
| Minimum Application | 10 shares |
| Maximum Application | 50,000 shares |
| Application Deadline (Locals) | Ashar 4 (June 18) (extended until Ashar 19, July 3 if unsubscribed) |
| Application Deadline (Migrant Workers) | Fixed (no extension) |
| How to Apply | – Laxmi Sunrise Capital (issue manager) |
| – Global IME Bank (Chainpur Branch) | |
| – Himalayan Bank (Madi Branch) | |
| – Laxmi Sunrise Bank (Khadbari Branch) | |
| – Project’s powerhouse office | |
| – SEBON-approved banks (C-ASBA members) and Meroshare platform | |
| Phase 2 IPO | Remaining shares will be offered to the general public, Keep Updated |
Interested applicants can apply for a minimum of 10 shares and up to 50,000 shares. Submissions can be made at Laxmi Sunrise Capital Limited (the issue manager), various branches of Global IME Bank, Himalayan Bank, and Laxmi Sunrise Bank, or through the project’s powerhouse office. Additionally, applications are available through SEBON-approved banks, C-ASBA members, and the Meroshare platform. After the first phase concludes, any remaining shares will be offered to the general public in the second phase.
