Nepal, Aug. 25 -- Mabilung Energy Limited has completed the allocation of its Initial Public Offering (IPO). The share issuance and sales manager, Laxmi Sunrise Capital, distributed the shares on Sunday.

A total of 124,890 applicants received 10 shares each. The IPO was open to the general public from August 11 to 14. The company issued 1,248,904 shares worth Rs 124,890,400 for the general public, while 225,871 applicants applied for 24,512,530 shares.

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Out of the applications received, 2,197,582 shares were approved, according to the sales manager. Investors can check the IPO results on the "Mero Share" and CDSC websites. Earlier, the company had opened sh...