CEDB hydropower development company has issued IPO for general public from Baisakh 17, 2078. The company has issued total of 28 lakh 18 thousand and 230 units of shares of Public offering to general Public. company has alloted 2% shares which is 50 thousand and 365 shares to its employees and 5% shares which is 1 lakh 25 thousand and 911 shares to Mutual Funds and the remaining shares of 23 lakh 41 thousand 954 units to General Public. The per unit share will cost Rs. 100.
People can apply for this IPO of CEDB hydropower development company till 21st of Baisakh. Rating Agency Care Nepal has rated the IPO of this company as "Grade 4" which means below average. Similarly, Sunrise Capital is the issue Manager of this IPO.
Background of the Comapny:
CEDB Hydropower Development Company Limited (CHDC), a public limited company 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. CHDC is currently mandated to invest in and develop Hydropower Projects. 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)