Mabilung Energy opens IPO for public from today

Mabilung Energy has opened its initial public offering (IPO) for the public from today, Monday. The company is offering 1,890,530 shares at a face value of Rs 100 each, which is 48.99% of its issued capital.

After allocating shares for Nepalis working abroad, project-affected locals, and mutual funds, 1,248,904 shares are available for the general public.

People can apply for a minimum of 10 shares and a maximum of 50,000 shares through the online MeroShare system, according to the issue manager, Laxmi Sunrise Capital. Applications will be accepted until August 13.

Mabilung Energy has built the Upper Piluwa Khola–3 project in Sankhuwasabha with a capacity of 4.95 megawatts, costing Rs 229.5 million per megawatt.

As per the unaudited financial report until the end of last fiscal year, the company’s net worth per share is Rs 106.95 and earnings per share is Rs 1.05. The estimated payback period for investment is 9.43 years.