Mabilung Energy IPO Allotment: Over 2.2 Million Applications, Only 124,890 Investors Receive Shares
Mabilung Energy’s IPO saw overwhelming demand, with over 22 lakh applications. Only 124,890 investors received 10 shares each through lottery.
Mabilung Energy Ltd. completed the allotment of its initial public offering (IPO) on Sunday, August 24, at the office of issue manager Laxmi Sunrise Capital Ltd.
The hydropower developer had offered 1,248,904 shares to the public from August 10 to August 13 (Shrawan 26–29, 2082). Investor demand was exceptionally high, with 2,205,871 applicants placing bids for a total of 24.51 million shares—nearly 20 times the available volume.
Out of the total applications, 2,197,582 were verified, while 8,289 were disqualified. Due to oversubscription, the allotment was finalized through a lottery system. A total of 124,890 investors were allotted 10 shares each, while four applicants received 11 shares.
The IPO outcome reflects the persistent appetite for hydropower issues in Nepal’s capital market, despite tightening liquidity and increased competition among energy companies seeking equity financing.