4.40 Crore units IPO of Shivam Cement Limited gets listed on NEPSE; what is the opening range for the first transaction?

Nepal Stock Exchange (NEPSE) has published a notice regarding the listing of IPO shares of Shivam Cement Limited. The stock market will see entry of a manufacturing company after a period of 13 years.

A total of 44,000,000 units of shares of the manufacturing company have been listed on the secondary market. The opening range for the first transaction will be set at Rs.161.60 to Rs.484.80 as the net worth per share stands at Rs.161.60. Trading in this scrip will be open from Thursday.

The manufacturing company had issued 5,79,640 units IPO shares at Rs.200 per unit to the project-affected locals of Makawanpur district and 41,20,000 units IPO shares at Rs.300 per unit to the general public from 6th to 14th Falgun, 2075.

The paid up capital of the company has increased to Rs.4.40 Arba after the IPO issuance.