Mabilung Energy Opens IPO for the General Public from Today
Mabilung Energy has opened applications for its IPO to the general public, offering over 1.24 million shares after completing allotment for locals and migrant workers.
Kathmandu, Aug. 11, 2025 — Mabilung Energy Ltd. has opened its initial public offering (IPO) to the general public starting today, following allotment to locals in the project-affected area and Nepalis working abroad.
The company received approval to issue 1.890 million shares (48.9998% of its NPR 385.82 million paid-up capital), valued at NPR 189.05 million. Of these, 385,824 shares were allocated to locals and 150,471 shares to migrant workers, both of which have already been distributed.
In the second phase, Mabilung is offering 1,354,235 shares worth NPR 135.42 million, of which 30,095 shares are reserved for employees and 75,236 shares for mutual funds. The remaining 1,248,904 shares are open for public subscription.
Applications can be made for a minimum of 10 shares and a maximum of 50,000 shares. The subscription will close on Aug. 14 (Shrawan 29) at the earliest or Aug. 25 (Bhadra 9) at the latest.
ICRA Nepal has assigned the company a rating of ICRA NP Issuer Rating [Single B+], indicating average credit risk. Mabilung operates the 4.95 MW Upper Piluwa Khola–3 Hydropower Project, with an estimated cost of NPR 1.136 billion, translating to NPR 229.5 million per MW. The project has 31 years left on its electricity generation license, with a simple payback period of 9.43 years and a discounted payback period of 17.09 years.
Laxmi Sunrise Capital Ltd. is managing the issuance. Applications can be submitted through all ASBA member banks and financial institutions approved by the Securities Board of Nepal.