Opening Price Range of People's Power Limited

What is the Opening Price Range of People’s Power Limited?

The opening price range of People’s Power Limited is Rs. 94.96 to Rs. 284.88. Nepal Stock Exchange will determine the opening price range based on the Net Worth Per Share value of the financial report for the fiscal year 2078/79. This is the audited report the financial report. You can check the official report attached below.

According to the audited report of FY 2078/79, the financial ratios are:

Earnings per share (EPS): Rs. -0.69
Net worth per share: Rs. 94.96

About IPO of People’s Power Limited

People’s Power Limited had issued 24,67,400 units (worth Rs 24.67 crore) as IPO to the general public from Shrawan 31 to Bhadra 5, 2079.

Out of the total 24,67,400 units; 2% (i.e. 49,348 units) have been set aside for the employees and 5% (i.e. 123,370 units) have been set aside for mutual funds. The remaining 22,94,682 units are issued to the general public.

There were 1,551,413 valid applicants who had applied for a total of 16,910,620 units making the oversubscribed by 7.37 times.

Among the 1,551,413 applicants, a total of 2,29,468 applicants were allotted 10 units each via lottery, and lucky 2 applicants were allotted 1 unit extra.

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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