Hathway Investment's Share Price Soars By 9.99% on First Trading Day; MANDU's Price Hovering Around Rs. 400
Wed, Oct 11, 2023 1:34 PM on Stock Market, Latest,
Hathway Investment Nepal Limited (HATHY) has witnessed an extraordinary surge in its share prices on the first trading day.
Hathway Investment's IPO, initially priced at Rs. 50 per share, surpassed all expectations as it rocketed to an impressive Rs. 313.7 on its first day of trading, marking an astonishing increase of 9.99%.
The IPO issued a total of 24,27,750 unit shares to the general public and was listed with a total of 2,34,00,000 shares yesterday. The NEPSE set an opening range of Rs. 95.09 to Rs. 285.27 for Hathway Investment's first day of trading. Remarkably, the trading commenced at Rs. 285 today, a strong indication of an active and fervent market.
As of 1:35 PM today, a total of 3,806 transactions have been executed for Hathway Investment.
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In the same manner, Mandu Hydropower Limited (MANDU) also made its debut on Tuesday. Its share price, which began at Rs. 373.20 today, is hovering around Rs. 400.10, indicating a positive change of 7%. MANDU issued 12,05,320 IPO shares to the public at Rs. 206 per share (comprising a Rs. 100 face value and a Rs. 106 premium price). The company was listed with a total of 13,636,370 shares.
As of 1:35 PM today, a total of 7,627 transactions have been executed for Mandu Hydropower.
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