IPO for General Public: Mount Everest Power Development Limited to Issue 14,27,600 Units IPO Shares from Ashad 03
Summary
Mount Everest Power Development Limited is opening its IPO to the general public on Ashad 3, 2083, issuing 14,27,600 unit shares priced at Rs. 100 each. The company operates the 12 MW Dudhkunda Khola Hydroelectric Project in Solukhumbu district under the BOOT model.
Key Points
- Mount Everest Power Development Limited will issue 14,27,600 IPO shares starting Ashad 3, 2083.
- The total issued capital is Rs. 86 Crores with 30% allocated to the public.
- Shares are reserved for project-affected locals, employees, mutual funds, and citizens abroad.
- Global IME Capital Limited is the issue manager; CARE Ratings Nepal Limited assigned moderate risk ratings.
