Mabilung Energy allocates IPO shares to 124,890 applicants, 10 shares each
Summary
Mabilung Energy Limited has allocated 10 shares each to 124,890 applicants in its IPO, issuing a total of 1,248,904 shares worth Rs 124.89 million. The company operates the 4.95 MW Upper Piluwakhola-3 Hydropower Project.
Key Points
- Mabilung Energy Limited completed IPO share allocation to 124,890 applicants, each receiving 10 shares.
- The IPO issued 1,248,904 shares worth Rs 124,890,400 to the general public.
- The company received Securities Board approval to issue 1,890,530 shares worth Rs 189,053,000, representing 48.99% of total capital.
- Mabilung Energy operates the 4.95 MW Upper Piluwakhola-3 Hydropower Project with an estimated cost of Rs 113,600,000.
