A new investment opportunity is coming up for those looking to invest in the hydropower sector. Mabilung Energy Limited has announced that it will begin issuing its Initial Public Offering (IPO) to the general public starting from Shrawan 26.
The company is offering 1,248,904 shares, each priced at Rs. 100. That makes the total value of the IPO around Rs. 12.48 crore. Mabilung Energy Limited operates in the hydropower sector, which is a growing industry in Nepal due to increasing demand for clean and renewable energy. The company is aiming to raise funds from the public to support its energy project and future development.
The IPO will be managed by LS Capital, a known name in handling public issues. As for the company’s financial and credit strength, it has been given a B+ rating by ICRA Nepal. This indicates moderate safety when it comes to repayment of debts, but also suggests a few risks that investors should be aware of.
Who Can Apply?
Anyone interested in this IPO can apply through ASBA member banks or financial institutions. It is expected that applications can also be submitted online via Mero Share, making the process easy and accessible for everyone.
