Kathmandu. Mount Everest Power Development Limited (MOUNT) has opened its initial public offering (IPO) to the general public from June 13.
The company has issued the IPO to the general public in the second phase after selling the IPO to the project-affected locals and Nepalis working abroad. In the second phase, the company has set aside 34,400 units for employees and 86,000 units for 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.
