What is Opening Price Range of Upper Solu Hydro Electric Company?
The opening price range of upper solu hydroelectric company is Rs. 108.21 to Rs. 324.63. Nepal Stock Exchange will determine the opening price range of upper solu hydroelectric company based on the audited financial report of fiscal year 2077/78. According to the final report of the FY 2077/78, the net worth per share of the company stands at Rs. 108.21. Likewise, EPS is 4.21 with profit of 83,635,000. You can check the following official report.
How opening price range is determined?
Nepal stock exchange (NEPSE) determines the opening price range of new stock based on the book value of company. For example, if 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 same as book value and maximum price will be book value x 3.
Also check – How IPO allotment is done in Nepal?
Upper Solu Hydro Electric Company Limited (USHEC) ssued 19,57,500 units of public share through Initial Public Offering to the general public from (Ashad 20-23, 2079). Out of total 19,57,500 units; 2%, i.e. 39,150 units have been set aside for the employees of the company and 5%, i.e. 97,875 units have been set aside for the mutual funds. The remaining 18,20,475 units are for the general public. This is the 14.5% shares of the issued capital.
As per the allotment module, a total of 1,82,047 applicants were allotted 10 units each via lottery and further 5 lucky applicants get 1 unit extra and the remaining 12,64,938 applicants were returned empty hands.
A total of 39,150 units were allotted to the staff of the company and 97,875 units were allotted to mutual funds. In total 1,791 applicants who applied for 26,170 units were disqualified due to duplicate applications.
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