Kathmandu. Mabilung Energy Limited is going to issue an IPO. The company is going to issue the IPO for the first phase from Ashad 22.
The company had received permission from the Nepal Securities Board to issue a total of 18 lakh 90 thousand 530 units of IPO at the rate of Rs 100 per unit. The company has informed through a notice that in the first phase, 385,824 units of IPO will be issued to project-affected local residents and 150,471 units of IPO will be issued to Nepali nationals who are employed abroad after obtaining labor approval from the Government of Nepal.
Citizens residing in Wards 7, 8, 9 of Madi Municipality of Sankhuwasabha and Wards 2, 3, 7, 8, 9 of Chainpur Municipality can apply for the IPO allocated for the project-affected residents.
When applying for the said shares, an application will have to be made for a minimum of 10 units and a maximum of 50,000 units can be requested. The last date for application is 4th Ashar. If a complete application is not received from the project affected, it may be extended until Asad 19, but the period of those in foreign employment will not be extended.
The company’s sales manager is Laxmi Sunrise Capital Limited. Also, applications can be submitted from the Chainpur branch of Global IME Bank, Madi Municipality branch of Himalayan Bank, Khadbari branch of Laxmi Sunrise Bank and the office where the powerhouse of the project is located.
Also, applications can be submitted using all C-ASBA member banks and financial institutions licensed by the Nepal Securities Board, designated branch offices of the three and Mero Share.
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