CEDB Hydropower Development Company To Issue 25.18 lakh Units IPO
CEDB Hydropower Development Company Limited is going to issue 23,41,954 units shares to the general public from Baisakh 17.
Company is issuing 25,18,230 units of shares. Out of these, 2% or 50365 units of shares have been set aside for the employees of the CEDB hydro power development company, 5% or 125911 units of shares have been set aside for the mutual funds.
The early closing date of this issue is on Baisakh 21 and if the issue is not fully subscribed till Baisakh 21, then you can apply up to Baisakh 31, 2078. Sunrise Capital Limited is the issue manager for the IPO issuance.
After the issuance, the promoter/public ratio will be 70:30.
CEDB Hydropower Development Company Limited (CHDC), a public limited company is incorporated under the prevalent laws of Nepal on Mangsir 15, 2066 (November 30, 2009). CEDB Hydropower Development Company Limited (CHDC) was founded by the then Clean Energy Development Bank to provide equity investment for hydropower projects to meet energy needs of the nation. It has got three hydropower projects in operation and four projects at construction and development stages.
Projects Under Development and Construction
1. Tallo Khare Khola Hydropower Project (11 MW)
2. Dordi-1 Hydro Electric Project (12 MW)
3. Rukum Gad Hydropower Project (5 MW)
4. Kasuwa Khola Hydropower Project (45 MW)
Projects Under Operation
1. Radhi Small Hydropower Project (4.4 MW)
2. Syange Hydropower Project (183 KW)
3. Khudi Hydropower Project (4 MW)
Authorized Capital : NRs. 1,500 Million
Issued Capital : NRs. 839.41 Million
Paid Up Capital : NRs. 587.587 Million
