Mount Everest Power IPO Allotment Completed; 142,760 Applicants Receive Shares
Mount Everest Power Development Limited has completed the allotment of its IPO, with 142,760 applicants receiving shares through the lottery process.
Mount Everest Power Development Limited has completed the allotment of its Initial Public Offering (IPO) issued to the general public. The allotment was finalized on Friday morning by the issue manager, NIMB Ace Capital Limited.
The company had offered a total of 1,427,600 ordinary shares to the public from June 17 to June 22 (Ashar 3 to Ashar 8). Following the lottery-based allotment process, 142,760 successful applicants received 10 shares each, while the remaining applicants were left without an allocation.
Investors can check the IPO allotment result by visiting iporesult.cdsc.com.np, selecting Mount Everest Power Development Limited from the company list, and entering their 16-digit BOID number.