What is the opening Range of Bikash Hydropower Limited in NEPSE?

The shares of Development Hydro Power Company Limited have finally started appearing in investors' demat accounts. According to Prabhu Capital, the delay in seeing shares in demat nearly a month after the allocation is due to various reasons including the pressure at the end of Ashad, the ISIN controversy of CDSC, and delays in the appointment of share registrars.

When will the trading start?

According to Prabhu Capital, the entire process of CDSC has been completed and the file has been submitted to NEPSE. Therefore, the date for starting trading will be determined by NEPSE, and no definite time has been set so far. However, it is expected that the trading of Bikash  Hydropower Limited shares will commence shortly after the completion of the process at NEPSE.

📊 What will be the opening range at NEPSE?

When starting the trading of any company’s shares, the opening range at NEPSE is determined based on the company’s book value. According to the report for the fiscal year 2080/81 of Development Hydro Power, the book value per share is Rs. 97.43. Therefore, the opening range at NEPSE will be as follows: