Kathmandu. Mabilung Energy Company is going to issue ordinary shares (IPO) to the general public. The company has said that it will launch the IPO from August 15.

The company is issuing 1,354,235 units of shares worth Rs 135,423,500 to the general public. A total of 30,095 units have been set aside for employees and 75,236 units for mutual funds. A total of 1,248,904 units of shares will be issued for the general public.

The company had received approval from SEBON to issue 1,890,530 units of shares worth Rs 189.053 million i.e. 48.99 per cent of the issued capital of Rs 385.824 million. A total of 385,824 units of ordinary shares have been issued for locals in the project-affected areas and 150,471 units for Nepalis living abroad.

Applications can be made for a minimum of 10,000 to a maximum of 50,000 units. Applications for the IPO can be submitted till August 30. If the application is not received as per the demand during the period, the application can be submitted till August 15.

Laxmi Sunrise Capital is the sales manager of the company. Investors can apply from the Securities Board through C ASBA member banks and financial institutions and my shares.