Mount Kaliash Energy appoints NIBL Capital as issue manager to issue 22.50 lakh units IPO shares

Mount Kailash Energy Company Limited has signed an agreement with NIBL Capital Markets Limited to manage issue of its Initial Public Offering (IPO) of 22,50,000 units ordinary shares of the 13.6 MW Thapa Khola Hydropower project at Rs. 100 for public. Mr. Bharat Kumar Khadka, Executive Chairman of Mount Kailash Energy, and Mr. Shivanth Bahadur Pandey Chief Executive Officer of NIBL Capital has signed the agreement. Issuing a press statement published today, it stated that Mount Kailash has an authorized capital and issued capital of Rs 75 crore each and paid up capital of Rs 52.50 crore. Of the total shares, 10% or 7,50,000 units will be issued to the project affected residents of Mustang District and 20% or 15,00,000 will be floated to the general public. Mount Kailash is developing 13.6 MW project Thapa Khola hydropower project which is situated at Tukuche VDC in Mustang District.