What is the Opening Price Range of Dhaulagiri Laghubitta?
The opening price range of Dhaulagiri Laghubitta is Rs. 148.66 – Rs. 445.98. Nepal Stock Exchange will determine the opening price range as per the financial report for the fiscal year 2077/78. The net worth per share of the company is Rs. 148.66 in 2077/78. You can check the official financial report of Dhaulagiri Laghubitta below. The earnings per share stood at Rs. 46.44.
About the IPO Issue
Dhaulagiri Laghubitta Bittiya Sanstha Limited (DLBS) issued its IPO to the general public from Shrawan 24 – 29th Shrawan, 2079. The company issued 3,31,000 unit shares worth Rs. 3.31 crores at a par value of Rs. 100 per share. The issued units are 32.105% of the company’s issued capital.
Out of total of 3,31,000 units; 0.5% (5,155 units) have been set aside for the employees of the company and 5% (i.e. 16,550 units) have been set aside for mutual funds. The remaining 3,09,295 units are for the general public.
.According to the CDSC, a total of 17,60,835 applicants had applied for a total of 1,96,63,810 units worth Rs. 1.96 Arba. Thus, the IPO was oversubscribed by more than 63.30 times in terms of the number of units through ordinary applicants as of the closing date.
The allotment is done on 23rd of August, 2022.
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.
What is the Opening Price Range?
The opening price range is the range of price of a company for first trading after being listed in NEPSE. The NEPSE determines it according to the net worth per share of the company. The net worth per share is taken from the company’s audited report from the latest fiscal year.
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.
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