Mabilung Energy Limited is gearing up to launch its shares to the public (IPO). For this endeavor, the Securities Board Of Nepal (SEBON) has granted the company approval on Ashad 1, 2082 BS. The company’s application was submitted to the board on Ashwin 14, 2080 BS. Only after receiving the green light from the regulatory authority SEBON can the company sell its shares to the public.
The company is set to offer 18,90,530 shares during this initial public offering (IPO). With a nominal value of Rs. 100, the public issuance totals Rs. 18.90 crores.
Laxmi Capital Market Limited has been appointed as the issue and sales manager for the IPO. An agreement has been formalized between the company and Laxmi Capital regarding this matter, signed by Devin Shrestha, Director of Mabilung Energy, and Rajiv Sapkota, Chief Executive Officer of Laxmi Capital Markets Limited.
In the initial phase, shares will be allocated to the local residents of the project-affected regions and Nepalis employed abroad. Subsequently, in the second phase, the hydropower company will offer shares to the general populace, including the company’s employees and mutual fund schemes.
If the IPO is fully subscribed, the general public will then own 48.9998 percent of the company’s shares, while the promoters will retain the remaining 51.0002 percent.
About Mabilung Energy Limited
Founded in 2014 as a private limited entity, Mabilung Energy Limited transitioned into a public company on July 2, 2021, to allow for the issuance of shares to the public.
The company is actively working on the Upper Piluwakhola-3 hydropower project located in the Sankhuwasabha district. This project is of the run-off-river (ROR) type with a capacity of 4.95 MW.
Major stakeholders in the company include Asian Life Insurance Company Ltd. (approximately 32 percent share), Guheswori Merchant Banking and Finance Ltd. (around 19 percent share), and Trust Energy Private Ltd. (about 10 percent share).
The project’s estimated budget is Rs. 93.70 crores, which breaks down to a per MW cost of Rs. 18.93 crores. Funding is structured in a debt-equity ratio of 70:30.
Mabilung Energy Limited is gearing up to launch its shares to the public (IPO). For this endeavor, the Securities Board Of Nepal (SEBON) has granted the company approval on Ashad 1, 2082 BS. The company’s application was submitted to the board on Ashwin 14, 2080 BS. Only after receiving the green light from the regulatory authority SEBON can the company sell its shares to the public.
The company is set to offer 18,90,530 shares during this initial public offering (IPO). With a nominal value of Rs. 100, the public issuance totals Rs. 18.90 crores.
Laxmi Capital Market Limited has been appointed as the issue and sales manager for the IPO. An agreement has been formalized between the company and Laxmi Capital regarding this matter, signed by Devin Shrestha, Director of Mabilung Energy, and Rajiv Sapkota, Chief Executive Officer of Laxmi Capital Markets Limited.
In the initial phase, shares will be allocated to the local residents of the project-affected regions and Nepalis employed abroad. Subsequently, in the second phase, the hydropower company will offer shares to the general populace, including the company’s employees and mutual fund schemes.
If the IPO is fully subscribed, the general public will then own 48.9998 percent of the company’s shares, while the promoters will retain the remaining 51.0002 percent.
About Mabilung Energy Limited
Founded in 2014 as a private limited entity, Mabilung Energy Limited transitioned into a public company on July 2, 2021, to allow for the issuance of shares to the public.
The company is actively working on the Upper Piluwakhola-3 hydropower project located in the Sankhuwasabha district. This project is of the run-off-river (ROR) type with a capacity of 4.95 MW.
Major stakeholders in the company include Asian Life Insurance Company Ltd. (approximately 32 percent share), Guheswori Merchant Banking and Finance Ltd. (around 19 percent share), and Trust Energy Private Ltd. (about 10 percent share).
The project’s estimated budget is Rs. 93.70 crores, which breaks down to a per MW cost of Rs. 18.93 crores. Funding is structured in a debt-equity ratio of 70:30.
