IPO for General Public: Mount Everest Power Development Limited to Issue 14,27,600 Units IPO Shares from Ashad 03
Thu, Jun 4, 2026 10:44 AM on IPO/FPO News, Highlight News,
Mount Everest Power Development Limited will open its Initial Public Offering (IPO) to the general public on 3rd Ashad, 2083. The company is issuing 14,27,600 unit shares at a par value of Rs. 100 per unit. The early closing date for the IPO is the 8th Ashad, 2083, but if the issue is not fully subscribed by then, the deadline will be extended to the 17th Ashad, 2083.
The company's issued capital is Rs. 86 Crores. Of this, 30%, i.e., 25,80,000 unit shares, will be issued to the public. Out of the total issue capital, 10%, amounting to 8,60,000 unit shares worth Rs. 8.60 Crores, were allocated to project-affected locals in Solukhumbu District. The remaining 20% of the issued capital, i.e., 17,20,000 unit shares, are for the general public. Of this general public issue, 10% of 17,20,000 , a total of 1,72,000 unit shares, were allotted to Nepalese citizens working abroad.
Of the general public issue, 2%, i.e., 34,400 units, have been set aside for the company's employees, and 5% of the total offered shares, i.e., 86,000 units, have been reserved for mutual funds. The remaining 14,27,600 units will be issued for the general public and will open on the date mentioned above.
Global IME Capital Limited has been appointed the issue manager for the public offering. Applications could be placed for a minimum of 10 units and a maximum of 10,000 units.
CARE Ratings Nepal Limited (CRNL) has reaffirmed Mount Everest Power Development Limited’s issuer and long-term bank facility rating at ‘CARE-NP BB+’, indicating a moderate risk of default, and has assigned a ‘CARE-NP A4+’ rating to its short-term bank facilities.
Mount Everest Power Development Limited (MEPDL), a public limited company incorporated on November 16, 2014, has been operating the 12 MW run-of-river Dudhkunda Khola Hydroelectric Project in Solukhumbu district since July 31, 2024. The project has been developed under the BOOT (Build, Own, Operate and Transfer) model.
