Mabilung Energy Limited Has Launched its IPO, Starting Today to Empower Public Participation

ShareSanskar | Shrawan 26, 2082

Mabilung Energy Limited has launched its Initial Public Offering (IPO) on Shrawan 26, 2081, marking a milestone in Nepal’s evolving capital market and the democratization of clean energy investment. This public issue is not merely a fundraising initiative, it symbolizes a shift in the hydropower sector toward broader economic participation and sustainable development.

The company is offering 1,890,530 shares worth NPR 189.05 million, representing 48.9998% of its NPR 385.82 million issued capital. In the first phase, 385,824 shares were allotted to residents of project-affected areas, while 150,471 shares went to Nepali citizens working abroad. In the current phase, 1,354,235 shares valued at NPR 135.42 million are being issued, with allocations including 30,095 shares for employees and 75,236 shares for mutual funds. The remaining 1,248,904 shares are open to the general public.

The IPO offers investment flexibility, allowing applications for as few as 10 shares or as many as 50,000 shares, making it accessible to small retail investors while accommodating larger institutional participants. The subscription will close on Shrawan 29 at the earliest or August 25, 2024 (Bhadra 9) at the latest. Laxmi Sunrise Capital Limited is managing the issue, with applications available through all C-ASBA member banks and financial institutions approved by the Securities Board of Nepal (SEBON).

ICRA Nepal has assigned the company a rating of [ICRANP-IR] B+, indicating an average capacity to meet financial obligations. Beyond its financial metrics, Mabilung Energy’s IPO stands out as a strategic step in mobilizing domestic savings for hydropower development, enabling Nepali citizens to become active stakeholders in the country’s renewable energy future.