If you are that one lucky investor of Adarsha Laghubitta IPO, then you probably keen to know how much is the opening price range.
Opening Price Range of Adarsha Laghubitta is Rs. 122.88 – Rs. 368.64. This price range is determined form the financial report of fiscal year 2077/078. You can check the official report below.
About IPO
Adarsha Laghubitta Bittiya Sanstha Limited (ALBS) issued its IPO to the general public from 1st Ashadh and close on 6th Ashadh, 2079.
67,000 unit shares worth Rs. 67 lakhs will be issued at a par value of Rs. 100 per share. This is 32.37% of the company’s issued capital. Out of the total issue; 0.5% i.e 1,035 unit shares have been allocated to the ordinary shareholders whereas 5% i.e 3,350 unit shares are for mutual funds. The remaining 62,615 unit shares are for the general public. According to CDSC, 18,07,124 applicants had applied for a total of 2,02,50,980 units worth Rs. 2.02 Arba till last day. Thus, the IPO was oversubscribed by more than 323.42 times in terms of number of units through ordinary applicants as of the closing.
How opening price range is determined?
Nepal stock exchange (NEPSE) determined the opening price range of new stock based on the book value of company. For example, if book value of the company’s latest audited report is 100 then the opening price range will be 100 – 300. The minimum price should be same as book value and maximum price will be book value x 3.
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How opening price range is determined?
Nepal stock exchange (NEPSE) determined the opening price range of new stock based on the book value of company. For example, if book value of the company’s latest audited report is 100 then the opening price range will be 100 – 300. The minimum price should be same as book value and maximum price will be book value x 3.
What is Opening Price Range of Adarsha Laghubitta
Opening Price Range of Adarsha Laghubitta is Rs. 122.88 – Rs. 368.64. This price range is determined form the financial report of fiscal year 2077/078.