Kathmandu. The IPO of Mabilung Energy Limited has been allotted on Sunday. Laxmi Sunrise Capital Limited, the company’s share issue and sale manager, has been allotted the IPO.

The company had issued 1,248,904 units of shares to the general public from August 19 to July 15. A total of 2,205,871 people had applied for a total of 24,512,530 units of shares. Of these, 2,197,582 applications were approved and 8,289 applications were rejected.

The IPO of the company has been allotted through the process of golapractice due to more applications than the demand. A total of 124,890 applicants received 10 units of shares each.

The remaining 4 units have been allotted to the same investors. That is, 4 people got shares at the rate of 11 units of the company.