Mount Everest Power Development Closing IPO to Locals from Today
May 14, 2026 | Investopaper
Mount Everest Power Development Limited is currently issuing shares to the general public (IPO).
In the first phase of the IPO, the company is selling the shares to the locals of the project affected areas and to the Nepalis in foreign employment from Baisakh 17, 2083 BS.
The company is floating 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 will close on Baisakh 31, 2083 BS.
Interested eligible locals can 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.
In the first phase, the company will issue shares to the foreign employed Nepalese and the locals of the project affected areas. Likewise, in the second phase, the company will float shares to the general public, including the employees of the company and the mutual fund schemes.
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.
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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