Opening Price Range of Manakamana Engineering Hydropower
The opening price range of Manakamana Engineering Hydropower is from Rs. 74 to Rs. 222. Nepal Stock Exchange (NEPSE) will set this opening price range based on the audited financial report of the fiscal year 2078/79. The Net Worth Per Share of the company in this period is Rs. 74. The earnings per share of the company in this period is -8.37.
You can check the official financial ratio as given above. The reserve of the company sits in the negative (Rs. 13410412).
Manakamana Engineering Hydropower Limited issued the 22,76,620 units IPO shares to the general public from 28th Shrawan to 31st Shrawan, 2080.
The paid-up capital of the company reached Rs. 80 Crores after the IPO issuance. Overall, 65% of shares are of the promoter shareholders in the company. The company intends to collect Rs 22.76 crore from general public through IPO. B.O.K Capital Markets Limited is appointed as the issue manager for the IPO issuance.
CARE Ratings Nepal Limited (CRNL) has assigned a rating of ‘CARE-NP BB (Is)’ to company which is considered to have a moderate risk of default regarding the timely servicing of financial obligations in Nepal.
How is the opening price range set?
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 value.
What is a special pre-open session in NEPSE?
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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