Mount Everest Power Development Limited IPO Allotment Concludes: Lucky 142,760 Applicants Allotted 10 Units Each via Lottery System
Fri, Jul 3, 2026 9:01 AM on IPO/FPO News, Latest,
Mount Everest Power Development Limited's IPO allotment was concluded today at the premises of the issue manager, NIMB Ace Capital Limited.
The company had issued 14,27,600 units as an Initial Public Offering (IPO) to the general public from 3rd Ashadh, 2083, to 8th Ashadh, 2083.
The company's issued capital is Rs 86 Crores. Of this, 30%, i.e., 25,80,000 unit shares, were 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, were 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 were issued to the general public, and the allotment concluded today.
The issue received a total of 28,15,679 valid applications for 3,01,19,880 units. Meanwhile, 47,230 applications for 5,35,550 units were disqualified.
As per the allotment results 142,760 applicants were allotted 10 units each through a lottery system.
Allotment Module:
The IPO result can be accessed by CDSC IPO Result, MeroShare, and NIMB Ace Capital Limited.
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.
