Mount Everest Power Development Limited is set to open the first phase of its Initial Public Offering (IPO) from Baisakh 17, 2083. In this phase, the company will issue shares to project-affected local residents and Nepali citizens working abroad with valid labor permits.
For locals of Solududhkunda Municipality in Solukhumbu, the company has allocated 680,000 shares. Applicants from this group can apply for a minimum of 10 shares and a maximum of 10,000 shares. The application window will remain open until Baisakh 31, 2083. If sufficient applications are not received, the deadline may be extended up to Jestha 18.
Similarly, the company will issue 172,000 shares for Nepali workers abroad. Applicants in this category can also apply for a minimum of 10 shares and a maximum of 10,000 shares. The application period for this group will remain open until Baisakh 23.
After completing these two phases, the company will proceed with IPO issuance for the general public. NIMB Ace Capital Limited has been appointed as the issue and sales manager for the offering.
This article was originally published on https://bajarkochirfar.com. Translated with the help of AI and reviewed by our editorial team.
