According to the company, it postponed the IPO due to the unfavorable conditions caused by natural calamities like floods and landslides all over the country.
The issue will open after the company issue another notice.
Previously, Mountain Energy was set to issue 1,968,027 units of primary shares worth Rs 196.8 million to the locals of the affected area of Nuwakot and Myagdi District from July 23 in the first phase.
Care Ratings Nepal has assigned Grade 4 rating to the IPO indicating below average fundamentals.
