Mount Everest Power Development Limited Concludes IPO Allotment for Nepalese Citizens Working Abroad; 17,200 Lucky Applicants Receive 10 Units Each
Fri, May 15, 2026 9:21 AM on IPO/FPO News, IPO/FPO Result News, Latest,
The IPO allotment for Nepalese citizens working abroad by Mount Everest Power Development Limited was concluded today, 1st Jestha, 2083.
The company's issued capital is Rs. 34 Crores. Of this, 25%, i.e., 8,50,000 unit shares, will be issued to the public. Of this general public issue, 10% of 17,20,000 units, a total of 1,72,000 units, were allotted to Nepalese citizens working abroad today. The remaining 17,20,000 units will be issued for the general public.
The issue received a total of 91,830 valid applications for 12,30,160 units. Meanwhile, 36 applications for 430 units were disqualified.
As per the allotment module, 17,200 applicants were allotted 10 units each.
Allotment Module:
The IPO result can be accessed by CDSC IPO Result, MeroShare, and NIMB Ace Capital Limited.
NIMB Capital Limited has been appointed the issue manager for the public offering.
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.
