Mount Everest Power Development Limited’s IPO shares are now set to be deposited into investors’ Demat accounts, paving the way for trading on NEPSE soon.
IPO Shares to be Deposited
Mount Everest Power Development Limited’s Initial Public Offering (IPO) shares are now prepared for deposit into Demat accounts. For this process, an agreement relating to securities dematerialization were signed between the company and CDS and Clearing Limited on Ashar 25.
When Can Trading Begin?
Once these shares are dematerialized, they will be directly credited to respective investors’ Demat accounts. Subsequently, the shares will be listed on Nepal Stock Exchange (NEPSE). Trading of share will commence from the day immediately following its listing on NEPSE.
IPO Allotment Details
Mount Everest Power Development Limited had issue a total of 1,427,600 units of shares for the general public. This IPO was open for application from Ashar 3 to Ashar 8, with the successful allotment completed on Ashar 19.
AI Disclaimer: This article was originally published on https://bajarkochirfar.com. It has been translated with the help of AI. For the best understanding and accurate facts, we recommend reading the original Nepali version.
