Mount Everest Power IPO Allotment Scheduled for July 4; Over 142,000 Applicants to Receive Shares
Mount Everest Power Development Limited's IPO allotment for the general public is scheduled for July 4 (Ashar 19).
Mount Everest Power Development Limited has finalized the date for the allotment of its Initial Public Offering (IPO) issued to the general public.
According to the issue manager, NIMB Ace Capital Limited, the IPO allotment is scheduled to take place on July 4, 2026 (Ashar 19, 2083 BS).
The company had opened the public offering from June 17 to June 22 (Ashar 3–8), issuing a total of 1,427,600 ordinary shares to the general public.
Following the allotment, 142,760 applicants are expected to receive 10 shares each, while the remaining applicants will not receive any shares because the issue was heavily oversubscribed.
Investors will be able to check their IPO allotment status through the websites of CDS and Clearing Limited, NIMB Ace Capital, and MeroShare after the allotment process is completed.