Opening Price Range of Barahi Hydropower

What is the Opening Price Range of Barahi Hydropower?

The opening price range of Barahi Hydropower is Rs. 64.57 – Rs. 194.91. 25,00,000 Units of shares are listed on the Nepal Stock Exchange. This opening price range is as per the audited financial report for the fiscal year 2077/78. According to the report, the net worth per share is Rs. 64.97 and EPS is Rs. 1.93. NEPSE provided the stock symbol (SCRIP Name) as BHPL.  Check the official report of the company below.

Barahi hydropower financial report

About IPO Issue

Barahi Hydropower Public Limited (BHPL) has offered an Initial Public Offering (5,54,000 units)  to the general public from Mangsir 26, 2079.

Out of the 5,54,000 units; 2% (11,080 units) have been set aside for the employees of the company and 5% (27,000 units) have been set aside for mutual funds. The remaining 5,15,920 units are allocated to the general public. As per the CDSC, 956,641 applicants have applied for a total of 11,016,270 units.

How is the opening price range determined?

Nepal stock exchange (NEPSE) determines a new company’s opening price range based on the company’s book value (net worth per share). The net worth is taken from the company’s audited financial report issued during the IPO issuance. For example, if the 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 the same as the book.

What is a special pre-open session?

A special pre-open session is a trading time for newly listed stock. When a new company gets listed in NEPSE for the first time, its share is traded in the special pre-open session for the first time. After trading in the pre-open session, its share starts to change in the continuous session which is 11 AM – 3 PM.

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