Opening Price Range of Swet Ganga Hydropower and Construction limited.
If you have applied for the Initial Public Offerings (IPO) of Swet Ganga Hydropower and construction limited then you must be curious to know that how much is opening price range.
As per the financial report published for the fiscal year 2077/78, the net worth per share stands at Rs. 89.88. With this report, the opening price range of Swet Ganga Hydropower will be between Rs. 89.88 to Rs. 269.64.
The rest of the performance of stock will completely depend on the demand and supply.
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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