Emerging Nepal Limited had issued an Initial Public Offering from Magh 26, 2078. The company issued 5,55,600 units worth Rs 5.5 crore IPO for the general public. The company already completed the allotment and now in the process of listing in NEPSE.
What is Opening Price Range of Emerging Nepal Limited
The opening price range of Emerging Nepal Limited in from 105.11 to 315.33 as per the financial report of the fiscal year 2077/78. The net worth per share of the company is 105.11 for the fiscal yea of 2077.78. You can refer to the following report from the prospectus.
How opening price range is determined?
Nepal stock exchange (NEPSE) determined 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.
When will Emerging Nepal Limited be Listed in NEPSE?
Generally, it takes up to 3 weeks to list stock in NEPSE. But it all depends upon the internal preparation of company and NEPSE.
About Emerging Nepal
Emerging Nepal Limited is an investment company that was established in August 2015 as a public-private partnership (PPP). The company was established with the motive of investing in projects from diverse sectors. The company is majorly promoted by the Vishal Group and IME Group affiliated entities and individuals (a joint stake of more than 50%).
Also check – Opening Price Range of Jalpa Samudayik Sanstha Limited.
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