Nepal, July 6 -- Mabilung Energy has opened its IPO, prioritizing shares for residents affected by its project and Nepalis working abroad.

In the first phase, the company has reserved Rs 38.58 million (385,824 shares at Rs 100 each) for permanent residents of Madi Municipality These eligible locals can apply between July 20 and August 4, purchasing a minimum of 10 and up to a maximum of 50,000 shares.

Related story Malaysian govt decides to impose ban on migrant workers from Ju...

Additionally, 150,471 shares are allocated to Nepali migrant workers, who may apply by July 20 for 10 to 50,000 shares each.

Mabilung Energy received authorization from SEBON to issue 489,953 IPO shares, totaling Rs 18.9053 million-representing 48.99 percent...