IPO for project-affected locals: Mountain Energy Nepal Limited reissuing 19,68,020 units IPO shares from Bhadra 31

Mountain Energy Nepal Limited is reissuing its 19,68,020 units IPO shares to the project-affected locals of Nuwakot and Myagdi district.

The IPO issue for locals is open from Bhadra 31 to 14th Ashwin. If unsubscribed, the issue can be extended to 29th Ashwin, 2077. Mountain Energy Nepal Limited will be issuing 19,68,027 unit shares. The interested locals can place their applications for a minimum of 10 units and a maximum of 20,000 units.

Mountain Energy Nepal Limited had planned to issue 19,68,027 unit shares to project-affected locals as Initial Public Offering (IPO) from Shrawan 8 till Shrawan 22, 2077.

However, because of numerous landslides throughout the country, Mountain Energy Nepal was unable to provide IPO-application services to the project-affected locals. While IPOs to the general public can be filled online, IPOs to projected-affected locals still have to be submitted with a hardcopy application form.

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