KATHMANDU: CEDB Hydropower Development Company will be issuing 2,518,230 units worth Rs 25.18 crore as Initial Public Offering (IPO) to the general public from April 30, 2021.
The early closing date of this issue is on May 4 and if the issue is not fully subscribed, then it can be extended up to May 14.
According to SEBON, out of the offered 2,518,230 units; 2% of the total offered shares to the general public i.e. 50,365 units have been set aside for the employees of the company and 5% of the total offered shares to the general public i.e. 125,911 units have been set aside for the mutual funds. The remaining 2,341,954 units are for the general public.
Sunrise Capital Limited has been appointed as the issue manager for the IPO issuance.
Applications can be placed for a minimum of 10 units and a maximum of 2,518,230 units.
After the issuance of 25,18,230 units worth Rs. 25.18 crore IPO shares the general public i.e 30% of total capital which will raise its paid-up capital to Rs 83.94 crore and the promoter/public ratio will be 70:30.