Mount Everest Power Development Limited Closing 1,72,000 Units IPO for Foreign Nepalese Immigrants Today
Summary
Mount Everest Power Development Limited is closing the IPO of 1,72,000 units set aside for Nepalese citizens working abroad today. The IPO has been oversubscribed 7.20 times, with a strong interest from investors.
Key Points
- Mount Everest Power Development Limited is closing the IPO issue of 1,72,000 units for Nepalese citizens working abroad today.
- The company’s issued capital is Rs. 86 Crores, with 30% issued to the public including special allocations for project-affected locals and Nepalese abroad.
- The IPO has been oversubscribed 7.20 times with 91,167 applicants applying for 12,39,200 units.
- Mount Everest Power Development Limited operates the 12 MW Dudhkunda Khola Hydroelectric Project in Solukhumbu district under a BOOT model.
