Daram Khola Hydro Energy Limited IPO allotment process has been completed. The allotment was done today at the office of the issue manager, Laxmi Sunrise Capital Limited.
Nearly 24 lakh people applied
A total of 2,372,926 people applied for shares in this IPO. Out of them, only 242,318 lucky applicants got 10 shares each through a lottery. During the allotment process, ball number 1 was drawn, determining the lucky ones among the oversubscribed applicants. The rest of the applicants will get their money refunded soon.
Daram Khola Hydro Energy opening price range?
Now, the investors who received shares are curious about the possible opening price range on the first trading day. The opening price range for Daram Khola Hydro Energy is expected to be between NPR 142.81 and NPR 428.43.
NEPSE sets the opening price of any company’s IPO based on its actual net asset value per share, allowing up to three times that value. For Daram Khola Hydro Energy, the company’s reported net worth per share is NPR 142.81 and Earnings Per Share (EPS) is NPR 9.41 as per the third quarter of fiscal year 2081/82.
This shows that the company is profitable and has maintained strong share value through its assets and capital.
