CEDB Hydrpower’s IPO allotment, lucky four investors get 11 units each

KATHMANDU, May 14: Lucky four investors have been awarded the 11 units of primary shares of CEDB Hydropower Development Company. 

According to Sunrise Capital, issue manager of the Initial Public Offering (IPO), 234,195 others got 10 units each during the allotment held on Friday morning. 

Of the total 1,690,069 applications, only 1,685,627 were valid. Of the valid applications, 1,451,432 investors were left empty handed on Friday’s allotment. 

The company had issued 25,18,230 units of shares worth Rs 251,823,000, of which 50,365 units were allocated for the staffers of the company while 125,911 units for mutual funds. Remaining 2,341,954 units were open to the public which were oversubscribed by 10.52 times.