Today is the last day for applying to the IPO of Mount Everest Power Development Company, which is offered specially for foreign migrated workers. The company launched the offer on 30th April.
The corporation is offering 30% of its shareholding amounting to Rs 860 million. Of this amount, 172,000 units of shares, totaling Rs 172 million, have been reserved only for foreign migrant laborers in the category of general public.
In IPO, the minimum number of share units that an investor can buy is 10 and the maximum is 10,000.
As per the Care Ratings Nepal, the firm has received the rating of ‘BB+’, which means there is a relatively moderate risk involved in the investment.
The NIMB Ace Capital is the issue manager of this IPO, and interested investors may apply at any C-ASBA approved banks/financial institutions or directly through MeroShare.
Foreign migrant workers interested in this IPO may apply before the closing of the market today.
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