Mabilung Energy Limited will open its Initial Public Offering (IPO) to the public from tomorrow, Shrawan 26. The company had received approval from the Securities Board of Nepal (SEBON) on Ashadh 1 to issue a total of 1,890,530 shares at a face value of Rs. 100 each.
In the first phase, 385,824 shares were issued to project-affected locals and 150,471 shares to Nepalis working abroad, which have already been allotted.
In this second phase, out of the remaining 1,354,235 shares, 75,236 shares are reserved for mutual funds and 30,095 for employees. The remaining 1,248,904 shares are open for the general public.
Applications can be submitted until Shrawan 29.
