Madhyabhotekoshi will issue 15 million shares and CEDB will issue 2.5 million shares of IPO
Madhyabhotekoshi Hydropower Company and CEDB Hydropower Development Company Limited have got permission to issue IPO.
Madhyabhotekoshi Hydropower Company has received permission from the Nepal Securities Board to issue 1.5 crore IPOs worth Rs 1.5 billion.
The company is going to issue 25 percent of the total paid-up capital through IPO. Global IME Capital Limited has been appointed as the sales manager and share issuer.
Similarly, CEDB Hydropower Development Company Limited has also got permission to issue 2.518 million IPO share. The company has received permission to issue an IPO worth Rs 839.41 million.
The company is about to issue 30 percent shares of the total paid-up capital through an IPO. Sunrise Capital Limited has been appointed as the sales manager and share issuer of the company.