Last day for locals of Nuwakot and Myagdi district to apply for Mountain Energy Nepal's IPO

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

The IPO issue for locals was initially open from Bhadra 31 to 14th Ashwin, 2077. Since it was unsubscribed, the issue was extended to 29th Ashwin, 2077, i.e. today. The interested locals can still place their applications for a minimum of 10 units and a maximum of 20,000 units before the end of banking hours today.

Mountain Energy Nepal Limited had planned to issue 19,68,020 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.

Announcement