CEDB Hydro Fund’s 22.89 lakh units & Samudayik Laghubitta’s 3 lakh units IPOs added in SEBON pipeline

- ShareSansar, July 17, 2017  on Featured , IPO News , Latest , Stock Market

CEDB Hydro Fund Limited and Samudayik Laghubitta Bittiya Sanstha limited have applied in the Securities Board of Nepal (SEBON) to request approval for their respective Initial Public Offerings (IPO).

CEDB Hydro Fund is seeking approval to float 22.89 lakh units IPO shares worth Rs 22.89 crore to the general public.

Sunrise Capital Limited has been appointed as the issue manager for the IPO.

CEDB Hydro Fund was established in the year 2009 by Clean Energy Development Bank Limited to promote and develop hydropower projects in Nepal.  The aim of the company is to invest and construct hydropower projects.

The company-promoted 3 hydropower projects like Radhi Hydropower Projetc (4.4 MW), Syange Hydropower Project (183 KW) and Khudi Hydropower project (4 MW) are in operation at present. Dordi Khola Hydropower Project (10.3 MW) at Lamjung District, Rukum Gad Hydropower Project (5 MW) Rukum District and Lower Khare Hydropower Project (11 MW) Dolkha District are in the construction phase. Initial study is being carried out for 45 MW Kasuwa Khola Hydropower Project as well. The company has an authorized capital of Rs 1 arba.

Likewise, Samudayik Laghubitta is seeking approval to issue 3 lakh units shares worth Rs 3 crore IPO shares to the general public.

NMB Capital Limited and Nepal SBI Merchant Banking limited have been appointed as the issue manager for the IPO. At present, the microfinance company is rendering financial services through 32 branch offices.