December 3, 2023, Sunday

CEDB Hydropower is Going to Sell IPO to the Public

CEDB Hydropower Development Company Limited is going to sell IPO to the public despite the ban in various districts of the country including the Valley. CEDB Hydropower has issued an IPO at a time when it has become clear that the securities that have become fully technology-friendly will not stop trading in the primary and secondary markets.

The company has said that the sale of shares can be done online as the ASBA service is mandatory in public issue.

The company is going to issue 50,365 shares to the employees at the rate of 2 percent of the total shares allotted to the public and the remaining 2,341,954 shares to the public by allocating 5 percent or 125,911 shares to the collective investment fund.

The IPO will go on sale on May 4 at the earliest and on May 31 at the latest. The company says that the sale will be closed soon if the application is received as per the demand. There is a provision to apply for the purchase of this IPO from a minimum of 10 lots to a maximum of 25 lakh 18 thousand 230 lots.