Mount Everest Power Development Opens IPO from June 17, Offering 1.427 Million Shares
Mount Everest Power Development Limited is set to open its Initial Public Offering (IPO) to the general public from June 17, offering 1.427 million ordinary shares.
Mount Everest Power Development Limited is launching its Initial Public Offering (IPO) for the general public from June 17 (Ashad 3), offering a total of 1,427,600 ordinary shares.
The company aims to raise capital through the public offering to support its hydropower development projects and strengthen its financial resources. Interested investors will be able to submit applications until June 22 (Ashad 8).
Applicants can apply for a minimum of 10 shares and a maximum of 10,000 shares. The IPO application process will be available through the Mero Share platform and ASBA-approved banks and financial institutions across Nepal.
The issue manager for the public offering is NIMB Ace Capital Limited, which will oversee the allocation and administrative process of the IPO.
With growing investor interest in Nepal’s hydropower sector, market participants expect strong demand for the Mount Everest Power Development IPO. The offering provides retail investors with another opportunity to participate in Nepal’s expanding renewable energy industry.