Mountain Hydro set to open between Rs 93.75 to Rs 281.25 for the first transaction; scrip assign with MHNL as stock symbol

The newly listed hydropower company, Mountain Hydro Nepal Limited has been designated with the stock symbol of MHNL. The opening rage for the first transaction is set at Rs 93.75 to Rs 281.25 as per the notice published by NEPSE.

Mountain Hydro Nepal Limited had opened IPO for 1,816,110 units (including 566,110 units unsubscribed by locals) to the general public from Falgun 23 to Falgun 28, 2075.

ICRA Nepal has assigned Grade 4 rating to the IPO issue which indicates below average fundamentals.