Mount Everest Power Development IPO Opens Today: Apply for 1,427,600 Units From Ashad 3

The secondary market might be riding its regular waves, but the primary market continues to serve up solid options for retail investors. Starting today, Ashad 3, 2083 (June 17, 2026), Mount Everest Power Development Limited (MEPDL) has officially opened its Initial Public Offering (IPO) to the general public.

The company is floating 1,427,600 units of IPO shares at a standard face value of Rs. 100 per share. If you are looking to scale your portfolio with an operational, cash-generating clean energy company, here is a complete breakdown of the project details, allocation metrics, and risk factors.

The Offering Breakdown: Who Gets What?

Mount Everest Power Development Limited has a total issued capital of Rs. 86 Crores. Out of this, the company allocated 30%, equivalent to 25,80,000 unit shares, for public subscription.

The capital generation has been divided into strategic phases. Before launching today’s general public pool, significant tranches were systematically cleared out:

• Project-Affected Locals: 10% of the total issued capital (860,000 units) was successfully allocated to the residents of Solukhumbu District.

• Foreign-employed Nepalese: 10% of the public quota (172,000 units) has already been fully subscribed by Nepalese citizens working overseas.

• Mutual Funds: 5% of the public allocation (86,000 units) was locked in for institutional mutual funds.

• Company Employees: 2% (34,400 units) was set aside for the workforce.

• General Public: The remaining 1,427,600 units are live for subscription starting today.

Project Strength: An Already Operational Asset

Unlike many upcoming hydropower companies that raise capital from the public before finishing project construction, Mount Everest Power Development Limited brings significantly lower execution risk to the table.

The company is already commercially generating revenue. It operates the 12 MW Dudhkunda Khola Hydroelectric Project, located in the Solukhumbu district of Koshi Province.

• Structure: Run-of-the-River (RoR) asset.

• Commercial Operation Date (COD): The project completed construction and has been actively supplying electricity to the national grid since July 31, 2024.

• Model: Developed under the standard BOOT (Build, Own, Operate, and Transfer) framework.

Because the project is operational, the capital raised from this public issue can directly stream into managing debt or financing corporate liquidity rather than braving construction delays or cost overruns.

Credit Rating: Financial Health Status

Evaluating financial risk is paramount before locking your money into any primary issue. CARE Ratings Nepal Limited (CRNL) has assigned the following grades to the company:

Issuer & Long-Term Rating: ‘CARE-NP BB+’

This indicates a moderate risk of default regarding the company’s capability to service its long-term financial commitments. For a growth-stage independent power producer (IPP), a BB+ score showcases stable operating performance, backed by a steady stream of electricity sales to the Nepal Electricity Authority (NEA).

Additionally, the company secured a ‘CARE-NP A4+’ rating for its short-term bank facilities, highlighting reasonable safety regarding short-term obligations.

The issue is priced at the standard baseline of Rs. 100 per unit. Given that nearly all public issues in Nepal’s primary market attract millions of retail applicants via the digital C-ASBA system, heavy oversubscription is almost guaranteed.

Because allotments for oversubscribed issues are settled strictly via a lottery of 10-unit blocks, applying for the minimum 10 units (worth Rs. 1,000) is the most logical financial strategy.

You can seamlessly place your bids via the MeroShare app or web portal. Ensure your account balance is sufficient and submit your bid before the early closing cutoff on Ashad 8 to secure your spot in the lottery!