IPO Alert: CEDB Hydropower Development Company to Issue Shares to General Public

CEDB Hydropower Development Company has received approval from the regulatory body SEBON to issue an IPO.

The company has a total of 83,94,100 registered shares. 30% of the issued capital will be issued in the IPO. Thus, 25,18,230 shares will be issued to the public.

Sunrise Capital is appointed the issue manager for the IPO. SEBON granted approval for the issue today, i.e. Baisakh 02, 2078.

Company Profile

CEDB Hydropower Development Company Limited (CHDC) is 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 the 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 in the 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)

Company's Vision

"To be a leading private hydropower player by strengthening and mobilizing capital for accelerated hydropower development in Nepal"

Capital Structure

Authorized Capital: NRs. 1,500 Million
Issued Capital: NRs. 839.41 Million
Paid Up Capital: NRs. 587.587 Million