IPO Shares of CEDB Hydropower (CHDC) Finally Listed in NEPSE; What's the Opening Range?

83,94,100 IPO shares of CEDB Hydropower Development Company Limited (CHDC) are now listed in NEPSE.

The company opened its IPO to the general public from 17th Baisakh. The issue closed on 21st Baisakh, 2077, at the end of banking hours. The company issued a total of 25,18,230 unit shares worth Rs 25.18 crore. The IPO allotment of CEDB Hydropower Development Company Limited concluded on 2078/01/31.

The issue received applications from 1,685,627 valid applicants who had applied for a total of 24,645,735 units. The issue was oversubscribed by more than 10.52 times. As per the allotment module, a total of 234,195 applicants were allotted 10 units each via lottery and lucky four applicants get 1 unit extra; and the remaining 14,51,432 applicants returned empty hands. A total of 50,365 units were allotted to the staff of the company and 125,911 units allotted to mutual funds.

The opening range for the first transaction is set from Rs. 138.79 to Rs. 416.37. If the first transaction is made in the premarket session tomorrow, the shares can be traded from tomorrow itself.