IPO Issue of Mabilung Energy Limited Closing Today; Oversubscribed 8.71 Times So Far
Summary
Mabilung Energy Limited's IPO issue of 1,248,904 shares closes today, having been oversubscribed 8.71 times, with broad public participation and noted project cost overruns.
Key Points
- Mabilung Energy Limited is closing its IPO issue of 1,248,904 shares at par value Rs 100 today.
- The IPO has been oversubscribed by 8.71 times with 18,26,294 applicants for 21,125,790 units.
- Mabilung Energy Limited is developing a 4.95 MW run-of-river hydropower project in Sankhuwasabha, Nepal.
- The company has a high-risk issuer rating of ICRANP-IR B+ assigned by ICRA Nepal.
