Local IPO Subscription for Mount Everest Power Ends Today
Residents of the project-affected areas in Solukhumbu have until the close of business today to apply for the Initial Public Offering (IPO) of Mount Everest Power Development Limited.
Mount Everest Power Development Limited is currently in the final stages of its local IPO, with today, May 14, 2026, serving as the absolute deadline for applications from project-affected residents of Solukhumbu. The company is offering 860,000 units of ordinary shares to the local community, a portion of its broader 30% capital issuance plan. The 12 MW Dudhkunda Khola Hydropower Project, which underpins this investment, has been constructed at a total cost of approximately NPR 2.37 billion. With an estimated payback period of 6.40 years and a remaining project life of over 28 years, the project presents a long-term investment profile for the local populace. The offering has been rated 'CARE-NP BB+' by Care Ratings Nepal, reflecting a balanced risk profile regarding debt servicing capabilities. Investors are reminded that NIMB Ace Capital Limited is managing the issue and all applications must be submitted via C-ASBA approved channels before banking hours conclude today.