CEDB Hydropower Company has received 11 times more application as issued. According to Sunrise Capital, the company’s share issue and sale manager, 2,63,45,500 shares have been demanded from 1,736,700 applications which is is 11.24 times more than the 2,341,954 lots issued to the public.

As the company’s shares have received more applications than the demand, the shares will be distributed at a minimum rate of 10 lots as per the Securities Issuance and Distribution Directive.

Now, one will get shares at the rate of 10 lots. Most of the applicants seem to be empty-handed.

According to CDSC, 94% of the total applications received so far have been received online.

That is, out of the total applications received for ordinary shares of the company, 1.637 million applications have been received online. The remaining 6% have physically filled the shares by going to banks and financial institutions.

CEDB Hydropower | CHDC IPO Result Date

According to the company’s share sale and issuance capital, the company’s shares will be sold by Friday next week.