April 30, 2026, Kathmandu – The IPO of Mount Everest Power Development Ltd has begun today (17th Baishakh 2083). It is aimed at residents of Solukhumbu and Nepali nationals living overseas.
8,60,000 shares are being issued to the people affected by the project from Solukhumbu district, while 1,72,000 shares will be allotted to Nepalese working abroad.
IPO of Mount Everest Power Development Ltd subscription for locals will be opened till 31st Baishakh, and further extended until Jestha 18 if necessary. The closing date for subscription to the Nepalese residing abroad is 23rd Baishakh, but can be extended until Baishakh 31 if necessary.
The corporation has a capital of Rs. 86 crores, out of which 30% (25,80,000 shares) will be allotted to the general public. Of this amount:
Both types of applicants can apply for at least 10 units and up to 10,000 units.
The above issuance will be managed by NIMB Capital Limited. According to CARE Ratings Nepal Limited, the rating of the company is ‘CARE-NP BB+’ for Long-Term Investment and ‘CARE-NP A4+’ for Short-Term Facilities.
The firm was founded in 2014 and is currently operating the 12 MW Dudhkunda Khola Hydropower Project in Solukhumbu, under the BOOT approach, starting in July 2024.
The offering presents an excellent opportunity for locals and Nepali citizens working overseas to invest in Nepal’s hydropower industry.
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