Mabilung Energy Limited to Open IPO for General Public from Shrawan 26

Kathmandu — Mabilung Energy Limited is set to open its Initial Public Offering (IPO) for the general public starting Shrawan 26. The company is issuing 1,248,904 ordinary shares at a par value of NPR 100 per share.

Earlier, the company had already issued and allotted IPO shares to locals of the project-affected areas and to Nepali citizens working abroad.

As per the approval received from the Securities Board of Nepal (SEBON), the company was permitted to issue 1,890,530 shares, equivalent to 48.9998% of its total issued capital of NPR 385.824 million. Out of this, 1,248,904 shares are now being issued to the general public.

Investors can apply for a minimum of 10 shares and a maximum of 50,000 shares. The application deadline is Shrawan 29.

For this IPO, ICRA Nepal has assigned the company a credit rating of “ICRA NP Issuer Rating Single B+,” indicating a moderate level of risk in terms of the company’s ability to meet its financial obligations.

The company has developed the 4.95 MW Upper Piluwakhola–3 Hydropower Project, with an estimated total cost of NPR 1.13 billion. The cost per megawatt is approximately NPR 229.5 million. The electricity generation license for the project is valid for another 31 years.

The simple payback period for the project is estimated at 9.43 years, while the discounted payback period is 17.09 years.

Laxmi Sunrise Capital Limited is the issue and sales manager. Interested investors can apply through all C-ASBA member banks and financial institutions and their designated branches approved by SEBON.