Mabilung Energy opens IPO for general public worth Rs 124.8 million
Summary
Mabilung Energy has opened its IPO worth Rs 124.8 million for the general public, offering 1,248,904 shares for subscription until August 25, following approval by SEBON.
Key Points
- Mabilung Energy has opened its IPO for the general public, offering shares worth Rs 124.89 million.
- The IPO follows a first phase targeting locals from affected areas and Nepalis abroad.
- The company received SEBON approval to issue 1,890,530 shares worth Rs 189.05 million representing 48.99% of its capital.
- The Upper Piluwakhola-3 Hydropower Project, operated by Mabilung Energy, has a capacity of 4.95 MW and total cost of Rs 1.136 billion.
