Kathmandu. Mount Everest Power Development Limited has started issuing initial public offering (IPO) from today for the residents of the project-affected areas and the Nepali migrant workers abroad. The Securities Board of Nepal (SEBON) has granted permission to the company to issue 2,580,000 units of ordinary shares i. e. 30% of its issued capital of Rs 860 million. <\/p>\n
Out of the total offered shares, 8,60,000 units have been set aside for the locals of the project-affected areas. Within the affected areas, separate proportions will be distributed among the people of the most affected and other affected areas. <\/p>\n
Similarly, 10 percent i. e. 172,000 units of shares from the quota allotted to the general public have been reserved for the Nepalese employed abroad. Nepalis who have obtained work permit can apply online through the C-ASBA system and My Share. The local people can apply for the shares from Machhapuchchhre Bank, Nepal Bank, Prabhu Bank and NMB Bank’s branch at Salleri, Solukhumbu. In addition, the application can be made from other banks and financial institutions participating in the ASBA service. <\/p>\n
NIMBS Capital Limited has been appointed as the issue manager for the IPO issuance. Applications can be place for minimum 10 units and maximum 1000 units. The IPO will be open for the locals of the project-affected areas on May 14 at the earliest and till June 1 at the latest. Similarly, for Nepalese who are in foreign employment, the IPO can be applied by May 23 at the earliest and till May 14 at the latest. <\/p>\n
The company will issue the IPO to the general public in the second phase after the completion of the share allotment for local and foreign employed Nepalis.<\/p>\n","protected":false},"excerpt":{"rendered":"
Kathmandu. Mount Everest Power Development Limited has started issuing initial public offering (IPO) from today for the residents of the project-affected areas and the Nepali migrant workers abroad. The Securities Board of Nepal (SEBON) has granted permission to the company to issue 2,580,000 units of ordinary shares i. e. 30% of its issued capital ofContinue reading “Mount Everest Power IPO to open today”<\/span><\/a><\/p>\n","protected":false},"author":2,"featured_media":67583,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[147,165,168],"tags":[],"class_list":["post-71219","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-samachar-en","category-market-watch-en","category-stock-market-en"],"acf":[],"jetpack_featured_media_url":"https:\/\/arthakhabar.com\/wp-content\/uploads\/2026\/01\/ipo.jpg","_links":{"self":[{"href":"https:\/\/arthakhabar.com\/ak_api\/wp\/v2\/posts\/71219","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/arthakhabar.com\/ak_api\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/arthakhabar.com\/ak_api\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/arthakhabar.com\/ak_api\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/arthakhabar.com\/ak_api\/wp\/v2\/comments?post=71219"}],"version-history":[{"count":1,"href":"https:\/\/arthakhabar.com\/ak_api\/wp\/v2\/posts\/71219\/revisions"}],"predecessor-version":[{"id":71220,"href":"https:\/\/arthakhabar.com\/ak_api\/wp\/v2\/posts\/71219\/revisions\/71220"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/arthakhabar.com\/ak_api\/wp\/v2\/media\/67583"}],"wp:attachment":[{"href":"https:\/\/arthakhabar.com\/ak_api\/wp\/v2\/media?parent=71219"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/arthakhabar.com\/ak_api\/wp\/v2\/categories?post=71219"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/arthakhabar.com\/ak_api\/wp\/v2\/tags?post=71219"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}