Securities Board Approves IPO Sale for Mabilung Energy

Kathmandu, Ashar 1. The Nepal Securities Board has granted permission for Mabilung Energy Limited to sell its IPO. The board has authorized the issuance of 1,890,530 shares, valued at Rs. 189,053,000 in total. The company will issue the IPO at a rate of Rs. 100 per share. 

Laxmi Sunrise Capital is the sales manager for this issuance. Mabilung Energy aims to publicly issue 48.9998 percent of its issued capital as shares. Rating agency ICRA Nepal has provided the company with an ICRANP B Plus issuer rating.