Mount Everest Power Development to Sell 14,27,600 Shares to General Public from Ashad 3
June 4, 2026 | Investopaper
After the first phase, Mount Everest Power Development Limited is going to issue the shares to the general public in the second phase of an initial public offering (IPO). The IPO to general public will open from Ashad 3, 2083 BS.
The company is selling 14,27,600 shares at Rs. 100 per share to the general public.
Interested investors can apply for a minimum of 10 shares and a maximum of 10,000 shares.
The public offering will close on Ashad 8, 2083 BS.
The company has allotted 86,000 shares to the mutual fund schemes and has reserved 34,400 shares to the employees of the company.
In total (including the first and second phase), the company has plans to issue 25.80 lakh shares. At a par value of Rs. 100, the public offering amounts to Rs. 25.80 crores.
First Phase: IPO To Locals & Foreign Employed Nepalis
In the first phase of the IPO, the company had sold the shares to the locals of the project affected areas and to the Nepalis in foreign employment from Baisakh 17, 2083 BS.
The company had floated 8,60,000 shares to the locals of the project affected areas of the Solukhumbu district. Due to full subscription, the IPO to locals of project affected areas was closed on Baisakh 31, 2083 BS.
Interested eligible locals could subscribe for a minimum of 10 shares and a maximum of 10,000 shares.
Earlier, the company had also issued 1,72,000 shares (10 percent of general public’s quota) to the foreign employed Nepalis from Baisakh 17, 2083 BS. The IPO to foreign employed Nepalis was closed on Baisakh 23, 2083 BS. Interested foreign employed Nepalis could apply for a minimum of 10 shares and a maximum of 10,000 shares.
For this purpose, Securities Board of Nepal (SEBON) had given the approval to the company on Baisakh 2, 2082 BS. The company had submitted the application to the board on Jestha 6, 2081 BS. Only after receiving the approval from the regulatory body, the company can float the shares to the public.
The company has appointed NIMB Ace Capital Limited as issue and sales manager for the IPO. The agreement for public offering has already been signed between the company and NIMB Ace Capital in this regard.
About Mount Everest Power Development Limited
Mount Everest Power Development Limited is currently operating a 12 MW Dudhkunda Khola Hydroelectric Project. Arjun Prasad Paudel is the major promoter of the company.
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