Opening Price Range of Aviyan Laghubitta?
The opening price range of Aviyan Laghubitta is Rs. 105.36 to Rs. 316.08 as per the latest audited financial ratio. This opening price range is determined as per the net worth per share of financial report for the fiscal year 2077/78. You can check the following audited financial report.
Aviyan Laghubitta issued 9,13,750 units IPO to general public from Shrawan 18 till Shrawan 22, 2079. Out of total shares, 9,75,000 units; 0.5% (i.e. 12,500 units) were aside for the employees, and 5% (i.e. 48,750 units) were aside for the mutual funds. The remaining 9,13,750 units were for the general public. Total of 20,49,721 applicants had applied for a total of 2,31,85,440 units worth Rs. 2.31 Arba making oversubscribe by 23.77 times.
About Aviyan Laghubitta Bittiya Sanstha
Aviyan Laghubitta Bittiya Sanstha Limited was registered on 2075/12/24 under Company Act 2063 as “D” Class Financial Institution operating license from Nepal Rastra Bank on 2076/06/01 as per the Bank and Financial Institution Act 2073. Head office of Aviyan Laghubitta is located in Panauti Municipality Ward No.4 Kavre District. The major promoters of this institution are Mega Bank and Kumari Bank. Aviyan laghubitta is a national level institution aims to provide banking services to the rural deprived sectors, low income group of People and contribute to uplift their livelihood and to some extent eradicate the poverty of Nepal.
What is Opening Price Range?
Opening price range is range of price range determined by the Nepal Stock Exchange (NEPSE) after new company get listed. This price is for the first transaction after IPO issuance. The special pre-open session is opened at the 10:30 AM – 10:45 AM during trading days. The Trading days in Nepal is from Sunday to Friday. After the first transaction in special pre-open session,the regular trading will start in the continuous session i.e 11 AM – 3 PM.
Note : If there will not be first transaction of stock in the special pre-open session in the given price range, then there will be no transaction of such stock in the continuous session.
How to Know Opening Price Range?
The opening price range of any new IPO is determined by the NEPSE as per the net worth per share. The net worth per share is taken from the audited financial report of company. If net worth per share is Rs. 120, then the opening price range will be between Rs. 120 to Rs. 360.
Buyer can place order between these range and if any seller sells in the asked price the the rest of the transaction will be traded as per the first transaction.
Suppose if opening price range is Rs. 120 to Rs. 360 and buyer place the buy order as rs. 120 and a seller agree to sell on this price. Then the trading will start from Rs. 120.
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