Result of CEDB Hydropower IPO Publication: Guide for Verification
The Initial Public Offering (IPO) issued by CEDB Hydropower Development Company has been a significant event in Nepal's financial market, with the offering being oversubscribed by an impressive 11.24 times. This means that the demand for shares was much higher than the available supply.
After the IPO, the company's share ownership will remain the same, with the founder holding 70% of the shares, and the public holding 30%. A total of 25,18,230 shares were issued, with 2% (50,365 shares) going to employees and 5% (1,25,911 shares) to collective investment funds. The remaining 93% (23,41,954 ordinary shares) were issued to individual investors.
The result of the CEDB Hydropower IPO was published on May 14, 2021. To check the allotment result, you have several options.
Official IPO Result Website
To check the allotment result for the CEDB Hydropower IPO, you should visit the official IPO result website at www.iporesult.cdsc.com.np. On this site, you can enter your details such as your BOID (Beneficiary Owner ID) to view the allotment status.
Mero Share Platform
Alternatively, you can also check the IPO result through the Mero Share app or platform by logging in, navigating to the "Services" section, then to "IPO Result," selecting "CEDB Hydropower Development Company Limited," and entering your BOID to see the result.
Sunrise Capital Limited
If you have applied via a bank or directly through the issue manager (Sunrise Capital Ltd), they can also assist you in checking your IPO allotment status.
It's worth noting that a total of 16,85,625 valid applicants applied for 2,63,45,500 units of share. The authorized capital of CEDB is Rs. 1.5 billion and the issued capital is Rs. 838.41 million. After the IPO sale, the paid-up capital of CEDB will increase from its current Rs. 587.58 million to Rs. 839.41 million.
Care Rating Nepal has given Care NP Double B IS rating to the IPO issued by CEDB, indicating an average risk in CEDB's ability to bear responsibility.
References: [1] www.sunrisecapital.com.np/ipo, www.meroshare.cdsc.com.np, www.iporesult.cdsc.com.np
- After the Initial Public Offering (IPO) of CEDB Hydropower Development Company, individual investors own 93% of the 23,41,954 ordinary shares.
- To check the allotment result of the CEDB Hydropower IPO, one can visit the official IPO result website at www.iporesult.cdsc.com.np, use the Mero Share app, or contact Sunrise Capital Limited if the application was made through them.
- The result of the CEDB Hydropower IPO, published on May 14, 2021, shows that a total of 16,85,625 valid applicants competed for 2,63,45,500 units of share.
- Care Rating Nepal has rated the IPO issued by CEDB with a Care NP Double B IS rating, indicating an average risk in CEDB's ability to bear responsibility in the realm of finance and business.
