Mountain Energy Nepal allots its shares to project-affected locals of Nuwakot and Myagdi districts; issue received application only for 23.03 lakh unit shares from 1824 applicants

Mountain Energy Nepal has allotted its IPO shares that were issued to the project affected individuals of select gaupalikas of Nuwakot and Myagdi districts.

The issue had received a total application for 23.03 lakh unit shares from 1824 applicants. Out of the total application, 11 applicants were disqualified due to several technical reasons and the validly applied 19.68 lakh unit shares were allotted on Kartik 6, 2077, as per the media statement.

The issue was managed by Nabil Investment Banking and CBIL Capital, as per the media statement.