Kathmandu. Mount Everest Power Development Limited (MPL) is going public (IPO) from June 17.
The company is going to bring the IPO to the general public in the second phase after selling the IPO to the project-affected locals and Nepalis who are working abroad. In the second phase, the company will issue 14,27,600 units of shares at a face value of Rs 100 each to the general public by allotting 34,400 units to employees and 86,000 units to mutual funds.
Applications can be place for minimum 10 units and maximum 10,000 units. The applications can be submitted from the banks and financial institutions participating in the C-ASBA service and their designated branches as well as CDSC’s ‘My Share’.
The IPO will close on June 22 and the next date of the IPO is July 2. NIMBS Capital Limited has been appointed as the issue manager for the IPO issuance.
