Opening Price Range of Mandakini Hydropower

Opening Price Range of Mandakini Hydropower

What is the Opening Price Range of Mandakini Hydropower?

The opening price range of Mandakini Hydropower is Rs. 102 – Rs 306 according to the financial report for the fiscal year 2077/78. The net worth per share of the company in the given fiscal year is Rs. 102.

The company had issued its IPO issue of 11,76,073 units of shares worth Rs 11.76 crore to the general public on Shrawan 09 till 12th Shrawan, 2079. Total 16,15,469 applicants have applied for a total of 1,81,27,390 units worth Rs. 1.81 Arba till the last day making the issue oversubscribed by more than 16.57 times.

BOK Capital Market Limited is the issue manager of the issue and it going to allot IPO on Tuesday i.e Shrawan 17 at 4 PM. The IPO allotment will take place at  B.O.K Capital, Naxal, Kathmandu.

Mandakini Hydropower financial report

What is a special pre-open session?

A special pre-open session is a trading time of a newly listed company. 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. It is determined by the NEPSE according to the net worth per share of the company. The net worth per share is taken from the audited report of the company from the latest fiscal year.

How is the opening price range determined?

Nepal stock exchange (NEPSE) determines the opening price range of a new company based on the book value (net worth per share) of the company. 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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