CEDB Hydropower IPO Share Issued From Today (Baishakh 17, 2078)


Tutor Chetan

CEDB Hydropower Development Company Limited

IPO Share Issued

CEDB Hydropower Development Company is going to issue IPO from last Friday, April 30. 25 lakh 18 thousand 230 ordinary shares at the face value of Rs. 100 per share will be issued. Out of which, the company has allotted 2 percent or 50 thousand 365 shares to the employees and 125 percent 911 shares to the mutual fund. The general public can apply for the remaining 2.341 million 954 shares.

Two hydropower projects are being implemented in Lamjung district with the investment of CEDB by constructing 4.40 MW Radhi Power Company and 0.18 MW Sage Khola Hydropower Project. Three projects including Rapti Hydro and General Construction Limited, Dordi Khola Hydropower Limited, and Khare Khola Hydropower Company Limited are being constructed with the investment of CEDB.

A 45 MW Kasuwa Khola Hydropower Project is also under construction in Sankhuwasabha Makalu Gaonpalika-02 with the investment of CEDB. Established in 2009, CEDB Hydropower Limited has earnings per share of Rs 13.05 and net assets per share of Rs 138.79.

CEDB has managed to distribute 10.54 percent cash dividend in FY 2075/76 and 7.37 percent in FY 2076/77 and has projected to pay dividends in the coming fiscal year as well.

After the sale of ordinary shares, the share ratio of the founder and the general public will be 70:30. At present, the paid-up capital of this company is 587.59 million. After the sale of ordinary shares, the paid-up capital of the company will be Rs. 839.41 million.

Sunrise Capital Limited is the issue and sale manager for the issue and sale of CEDB's ordinary shares. As 2,518,230 ordinary shares at the face value of Rs. 100 per share will be issued. Interested investors will be able to apply for investment in ordinary shares online through C-ASBA Member Banks and Financial Institutions and MeroShare. The company has stated that the issuance of ordinary shares of the CEDB will be closed early on 4th May 2021, Tuesday (21st Baishakh, 2078) and will be closed lately on 14th May 2021, Friday (31st Baishakh 2078).

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