Madhya Bhotekoshi will issue 15 million shares, while CEDB will issue 2.5 million as IPO

The Banking Finance And Insurance Institute Of Nepal (bfin) Will Sell An Initial Public Offering (ipo)

Madhyabhotekoshi Hydropower Company and CEDB Hydropower Development Company Limited have got permission to issue IPO.

The Nepal Securities Board has given permission to Madhyabhotekoshi Hydropower Company to issue 1.5 crore IPOs worth Rs 1.5 billion.

The company plans to use an initial public offering (IPO) to raise 25% of its overall paid-up capital. The sales manager and share issuer has been appointed as Global IME Capital Limited.

CEDB Hydropower Development Company Limited, meanwhile, has received approval to issue 2.518 million IPO shares. The company has been given approval to launch an initial public offering (IPO) worth Rs 839.41 million.

The business is planning an initial public offering (IPO) to sell 30 percent of its total paid-up capital. Sunrise Capital Limited has been appointed the company’s sales manager and share issuer.c