Nepal Hydro Developer trading start in NEPSE from today; Trading range from Rs 89-267

Trading of Nepal Hydro Developer Limited (NHDL) has started trading in Nepal Stock Exchange Limited (NEPSE) from today (Kartik 28, 2074). As per the notice published in NEPSE today, the open range is set within range of Rs 89 – Rs 267 for the first transaction. The symbol is set as NHDL. Nepal Hydro Developer had issued its Initial Public Offering (IPO) of 3,90,000 units shares worth Rs 3.90 crore at Rs 100 per unit from Shrawan 27, 2074 till Shrawan 32, 2074. Allotment of the hydropower company was concluded through new allotment module in which shares to the applicants are allotted with 10 unit shares through lottery. The authorized capital of company is Rs 60 crore.  The paid up capital of the company remains at Rs 22.10 crore. After the IPO for the general public, the paid up will reach Rs 26 arba.