Opening price range of Bhugol Energy
The opening price range of Bhugol Energy is Rs. 67.63 – Rs. 202.89. Nepal Stock Exchange (NEPSE) will determine this opening range based on the Net Worth Per Share of the last audited financial statement. According to the offer letter published by the company, in the FY 2078/79, the net worth per share of the company stood at Rs. 67.63.
About Bhugol Energy IPO
Bhugol Energy Development Company (BEDCL) issued 13,46,993 unit of IPO to public on 23rd Chaitra, 2079. The company intended to collect Rs 13.46 crore by issuing the shares. Prior to issuing the share to public, the company had issued 544,053 unit shares to the project-affected locals of Dailekh District.
Out of the total 15,47,140 units; 108,811 units of share was issued and allotted to Nepalese working abroad, 71,916 units have been set aside for the mutual funds, and 19,420 units have been set aside for employees of the company.
Allotment:
A total of 1,34,699 applicants were allotted 10 units each via lottery method, among them lucky 3 applicants got 1 unit extra while remaining 10,14,452 applicants returned with empty hands. 71,916 units were allotted to the mutual funds and 19,420 units were allotted to the employees of the company. Among all the applicants, 1,04,855 applicants who applied for 16,65,890 units has been disqualified due to the various reasons.
Check here – 5 Reasons Why Your IPO is Rejected
What is Opening Price Range?
Opening price range is 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. The transaction will be held for next trading day.
How Opening Price Range is Determined?
The opening price range of new company is determined based on net worth per share. The net worth per share is taken from the audited financial report of company. The price range will between the (net worth per share – 3 x net worth per share)
For example, If net worth per share is Rs. 100, then the opening price range will be between Rs. 100 to Rs. 300.
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. 100 to Rs. 300 and buyer place the buy order as rs. 100 and a seller agree to sell on this price. Then the trading will start from Rs. 100. And if buyer agree to buy for Rs. 300, the first trading will be started from Rs. 300.
Short Cut
What is Opening Price Range of Bhugol Energy Development Company?
The opening price range of Bhugol Energy Development company is between Rs. 67.63 – Rs. 202.89.
EPS of Bhugol Energy Development
According to the audited financial report for the fiscal year 2078/79, The earnings per share of Bhugol Energy Development company is Rs. 42.58. This data is taken from the official offer letter of the company published in the website. You can access here.
Net Worth of Bhugol Energy Development
According to the audited financial report for the fiscal year 2078/79, Net Worth Per Share of Bhugol Energy Development is Rs. 67.63.
Also read:
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- Fixed Deposit Interest Rates in Nepal in 2080