What is the Opening Price Range of Sikles Hydropower?
The opening price range of Sikles Hydropower is Rs. 116.86 – Rs. 350.58. This opening price range is as per the audited financial report for the fiscal year 2077/78. According to the report, the net worth per share is Rs. 116.86 and EPS is Rs. 16.82. You can check the official report of the company below.
About IPO Issue
Sikles Hydropower Limited (SLHL) issued 11,50,000 unit shares to the public from Bhadra 29 – Ashwin 2. Out of the total 11,50,000 units; 3% (i.e. 34,500 units) was set aside for the employees and 5% (i.e. 57,500 units) was set aside for mutual funds. The remaining 10,58,000 units are for the general public. As per the CDSC, 9,72,793applicants have applied for a total of 11,037,450 units making the issue oversubscribed by 10.43 times.
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.
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.
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