BGWT and MSHL Make a Splash on Debut, Trigger Positive Circuits Within Minutes

Bhagawati Hydropower Development Company Limited (BGWT) and Mid Solu Hydropower Company Limited (MSHL) both experienced a positive circuit within just 2 minutes of the market opening. This marks a highly successful debut for both companies, as they made their trading debut today following their recent listings.

Yesterday, a total of 57,20,647 unit shares of BGWT and 74,84,000 unit IPO shares of MSHL were listed on the Nepal Stock Exchange (NEPSE). The Nepal Stock Exchange set the open price range for the first transactions for BGWT between Rs. 120.41 to Rs. 361.23 and for MSHL between Rs. 100 to Rs. 300. These initial price ranges were designed to allow for an efficient price discovery process.

However, the unexpected happened as, within a mere 2 minutes of trading, both BGWT and MSHL experienced a 10% positive circuit. 

As of the latest data available, BGWT is trading at Rs. 397.20 per share, while MSHL is trading at Rs. 330.00 per share.

Market Depth of BGWT:

Market Depth of MSHL: