Last Day to Apply: Mount Everest Power Development Limited Closes IPO for General Public Today
The public issue of 1,427,600 shares by Mount Everest Power Development Limited closes today (Asar 8), offering investors a final window to apply for a minimum of 10 shares at par value.
Today (Asar 8) marks the final day for the general public to subscribe to the Initial Public Offering (IPO) of Mount Everest Power Development Limited, which opened on Asar 3. In this second phase of issuance, the company is offering 1,427,600 ordinary shares at a face value of NPR 100 per share, cumulative of NPR 142.76 million. Prior to this, the company successfully allocated portions of its approved 2.58 million total IPO shares to local residents (860,000 shares), migrant Nepalese workers (172,000 shares), company employees (34,400 shares), and mutual funds (86,000 shares). Interested public investors can apply for a minimum of 10 shares and a maximum of 10,000 shares via the C-ASBA system or the Mero Share online platform before banking hours close today. NIMB Ace Capital Limited is managing the issue.