Opening Range of Shuvam Power Limited

Shuvam Power Limited had recently issued 60,00,000 unit shares to general public including projected affected locals and Nepalese in foreign Employment through IPO. The hydropower company raised NPR 6 crores from the IPO and plans to pay the debts taken for completing the project by amount raised. IPO allotment of Shuvam Power Limited has already concluded and applicants have been allotted with its shares via lucky draw. Investors who have been allotted with the shares of Shuvam Power might be curious to know about its opening range and listing date.

Shares of Shuvam Power Limited will be listed in NEPSE after the company completes the necessary procedures. Here, we will discuss about the first transaction price of Shuvam Power Limited.

Opening Range of Shuvam Power

As we know that, The listing range of any company in NEPSE depends on its book value per share. As per the audited financial statement of Shuvam Power for FY 2078/79, the book value of the company is Rs. 88.48. And the first transaction of companies listed in NEPSE can be done at price up to three time its book value.

Hence, the listing or opening range of Shuvam Power Limited will be from Rs 88.48 (lower range) to Rs 265.44 (upper range).

About the Company

Shuvam Power Limited was established as a Pvt. Ltd Company in July, 2004 and later converted into Public Ltd Company in December, 2015. The hydroelectric project operated by Shuvam Power is Talo Piluwa Khola Hydropower Project and has capacity of generating 990 KW of electricity. Since the power generation capacity of this project is less than 1MW, duration of production permit is not applicable for this project.

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