Opening Price Range of Sayapatri Hydropower

opening price range

What is Opening Price Range of Sayapatri Hydropower?

The opening price range of Sayapatri Hydropower is between Rs. 64.96 – Rs. 194.88. This price range is determined as per the financial report of fiscal year 2077/78. You can check the audited and projected financial report of Sayapatri Hydropower below. According the the report the basic financial ratios stands as below.

  • Earnings Per Share : Rs. 4.84
  • Net worth per share : Rs. 64.96
  • Reserves :  (- Rs. 73,579)

financial report of sayapatri hydropower

Aboit IPO Issue

Sayapatri Hydropower Limited (SPHL) issued 721,060 units (total worth Rs. 7.21 crore) as Initial Public Offering to the general public from 13th – 17th Shrawan, 2079. Out of 721,060 units; 2% (i.e. 14,421 units) have been set aside for the employees of the company and 5%  (i.e. 36,053 units) have been set aside for the mutual funds.  And remaining 670,586 units are issued to the general public. After the issuance the paid up capital of the company reach to Rs. 30 Crores.

  • Total Issue to public  – 721,060 units
  • Issue manager – NIBL Ace Capital
  • Rating –  ‘CARE-NP BB (Is)

What is Opening Price Range?

Opening price range is range of price that is determined by the Nepal Stock Exchange (NEPSE) for newly listed company for the first transaction. 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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