IPO Allotment of Mabilung Energy Concluded [IPO Result !!]
August 24, 2025 | Investopaper
IPO Allotment Of Mabilung Energy Limited
LS Capital Limited, the issue manager for the initial public offering (IPO) of Mabilung Energy Limited, has concluded the IPO allotment process on Sunday.
After the allotment, 1,24,890 applicants have received 10 shares each through lottery. Among them, 4 applicants received an additional share.
A total of 21,97,582 valid applicants had subscribed for the shares. With the allotment, more than 20.73 lakh applicants were left empty-handed.
To view the IPO result of Mabilung Energy Limited, click the link below:
IPO Result Of Mabilung Energy Limited
Second Phase: IPO To General Public
After the first phase, Mabilung Energy Limited had issued the shares to the general public in the second phase of an initial public offering (IPO). The IPO to general public was open from Shrawan 26, 2082 BS.
The company had sold 12,98,904 shares at Rs. 100 per share to the general public.
Interested investors could apply for a minimum of 10 shares and a maximum of 50,000 shares.
The public offering was close on Shrawan 29, 2082 BS.
The company had allotted 75,236 shares to the mutual fund schemes and 30,095 shares to the employees of the company.
First Phase: IPO To Locals & Foreign Employed Nepalis
In the first phase of the IPO, the company had sold the shares to the locals of the project affected areas and to the Nepalis in foreign employment from Ashad 22, 2082 BS.
The hydropower company had floated 3,85,824 shares to the locals of the project affected areas of the Sankhuwasabha district. Due to the full subscription of shares, the IPO to locals was closed on Shrawan 4, 2082 BS.
Interested eligible locals could subscribe for a minimum of 10 shares and a maximum of 50,000 shares.
Similarly, the company had issued 1,50,471 shares (10 percent of general public’s quota) to the foreign employed Nepalis from Ashad 22, 2082 BS. The IPO to foreign employed Nepalis will also close on Shrawan 4, 2082 BS.
Interested foreign employed Nepalis could apply for a minimum of 10 shares and a maximum of 50,000 shares.
In total (including the first and second phase of the IPO), the hydropower company will float 18,90,530 shares in the initial public offering (IPO). At a par value of Rs. 100, the public issue amounts to Rs. 18.90 crores.
For this purpose, Securities Board Of Nepal (SEBON) has given permission to the company on Ashad 1, 2082 BS. The company had submitted the application to the board on Ashwin 14, 2080 BS. Only after the approval from the regulatory body SEBON, the company can sell shares to the public.
The company has appointed Laxmi Capital Market Limited as the issue and sales manager for the IPO. An agreement has been reached between the company and Laxmi Capital on this regard. The agreement was signed by Devin Shrestha, Director Of Mabilung Energy and Rajiv Sapkota, Chief Executive Officer of Laxmi Capital Markets Limited.
After the IPO (if fully subscribed), the general public will possess 48.9998 percent shares in the company while the promoters will hold remaining 51.0002 percent shares.
About Mabilung Energy Limited
Mabilung Energy Limited was established in 2014 as a private limited company. Later on July 2, 2021 it was transformed into a public company in order to issue shares to the general public.
The company is currently developing Upper Piluwakhola-3 hydropower project in Sankhuwasabha district. The project is a run-off-river (ROR) type project with an installed capacity of 4.95 MW.
The company is mainly promoted by Asian life Insurance Company Ltd. (about 32 percent share), Guheswori Merchant Banking and Finance Ltd. (about 19 percent share), and Trust Energy Private Ltd. (about 10 percent share).
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