Mount Everest Power Development Limited Opens IPO for Project-Affected Locals and Foreign Nepalese Immigrants From Today
Summary
Mount Everest Power Development Limited has launched an IPO reserving shares for project-affected locals in Solukhumbu and Nepalese citizens working abroad to invest in their 12 MW hydroelectric project.
Key Points
- Mount Everest Power Development Limited opened its IPO on 17th Baishakh, 2083, offering shares to project-affected locals of Solukhumbu District and Nepalese working abroad.
- The IPO allocates 860,000 shares to locals and 172,000 shares to Nepalis abroad, with minimum and maximum application limits set.
- The company's issued capital is Rs. 86 Crores with 30% offered to the public and share allocation split between locals, general public, and diaspora investors.
- Mount Everest Power Development Limited operates the 12 MW Dudhkunda Khola Hydroelectric Project under the BOOT model since July 31, 2024.
