CEDB Hydropower IPO Result Published - How to Check

CEDB Hydropower IPO Result Published - How to Check

CEDB Hydropower Development Company Limited Initial Public Offering (IPO) result (allotment) published today (Baishakh 31, 2078, Friday - 2021 May 14), 11: 00 AM). At least 10 units of share allotted to the 234,195 applicants. According to CDSC, 16,85,625 valid applicants applied for 2,63,45,500 units of share.

The IPO issued by CEDB Hydropower Development Company has oversubscribed by 11.24 times. According to Sunrise Capital, CEDB's share issue and sale manager, 26.345 million units of shares have been subscribed from 1.685 million applicants.

25,18,230 shares  (2% or 50,365 shares allotted to employees, 5% or 1,25,911 shares allotted to collective investment funds) of CEDB Hydropower Development Company Limited with a face value of Rs. 100 per share and the remaining 23,41,954 ordinary shares have been issued

As there are more applications than demand for the shares of the company, the shares will be distributed at the rate of a minimum of 10 units as per the Securities Issuance and Distribution Directive. Accordingly, only 234,195 allottees got shares at the rate of at least 10 units. The rest of the applicants seem to be empty-handed.

Capital Structure of CEDB:

At present, the paid-up capital of CEDB is Rs. 587.58 million. The paid-up capital of the company will reach Rs. 839.41 million after the IPO sale to the locals and the general public. The authorized capital of CEDB is Rs. 1.5 billion and the issued capital is Rs. 838.41 million. After the IPO, the company's share ownership will remain at 70% of the founder and 30% of the public.

Average risk rating of CEDB:

Care Rating Nepal has given Care NP Double B IS rating to the IPO issued by CEDB. This indicates an average risk in CEDB's ability to bear responsibility. CARE Rating Nepal had given a rating to CEDB's IPO on Ashoj 19, 2077. The rating will be valid for one year from the date of issue.

Detail Statement: