What is Opening Price Range of Sun Nepal Life Insurance Company?
Opening Price Range of Sun Nepal Life Insurance Company is from Rs. 158.42 to Rs. 475.23. This is the price range that NEPSE will determine based on the audited financial report for the fiscal year 2078/79. The net worth per share of the company is Rs. 158.41. As per the financial report published by the company in the offer letter, the earnings per share of the company stands as 15.72 and the reserve and surplus is 395.40 millions. Check the official offer letter details below.
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 value.
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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