The opening price range of Dordi Khola Jal Bidyut company is from Rs. 102.39 – Rs. 307.17. This opening price range is determined as per the financial report of fiscal years 2077/78. The net worth per share of the company is Rs. 102.39. The company is expected to make its net worth per share 118.44 in next three years.
Check the official notice below.
Dordi Khola Jal Bidyut Company issued 21,95,509 units IPO shares to the general public from 26th Jestha to 31st Jestha, 2079. Out of the total 21,95,509 units; 3% (65,865 units) have been set aside for the employees of the company and 5% (1,09,775 units) have been set aside for the mutual funds. The remaining 20,19,869 units are for the general public.
How opening price range is determined?
Nepal stock exchange (NEPSE) determines 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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