Mount Everest Power Development Limited has published an offer letter to issue an Initial Public Offering (IPO) to the project-affected locals of Solukhumbu District and Nepalese citizens working abroad.
The IPO issue for the locals of Solukhumbu District will open from April 30 to May 14, 2026, with a possible extension until June 1, 2026, if not fully subscribed by the early closing date, while for Nepalese citizens working abroad, the issue will open from April 30 to May 6, 2026, and may be extended until May 14, 2026 if undersubscribed.
The issued capital of the company is Rs. 86 Crores. Of this, 30%, i.e., 25,80,000 unit shares, will be issued to the public. Out of the total issue capital, 10%, amounting to 8,60,000 unit shares worth Rs. 8.60 Crores, will be allocated to project-affected locals in Solukhumbu District. The remaining 20% of the issued capital, i.e., 17,20,000 unit shares, will be offered to the general public.
Of this general public issue, 10% of 17,20,000, a total of 1,72,000 unit shares, have been set aside for Nepalese citizens working abroad, and the issue for this category will open on the date mentioned above.
For the project-affected locals, the minimum application quantity to be applied is 10 units, while the maximum quantity is 10,000 units. For Nepalese citizens working abroad, the minimum application quantity is 10 units, and the maximum is 10,000 units.
NIMB Capital Limited has been appointed the issue manager for the public offering.
CARE Ratings Nepal Limited (CRNL) has reaffirmed Mount Everest Power Development Limited’s issuer and long-term bank facility rating at ‘CARE-NP BB+’, indicating a moderate risk of default, and has assigned a ‘CARE-NP A4+’ rating to its short-term bank facilities.
Mount Everest Power Development Limited (MEPDL), a public limited company incorporated on November 16, 2014, has been operating the 12 MW run-of-river Dudhkunda Khola Hydroelectric Project in Solukhumbu district since July 31, 2024. The project has been developed under the BOOT (Build, Own, Operate and Transfer) model.
Sharesansar
