Four financial
institutions – Sana Kisan Bikas Bank, Rural Microfinance Development Center, Hamro
Bikas Bank and Jebil’s Finance – started their share trading at the Nepal Stock
Exchange (Nepse) from today.
The two
microfinance companies have debuted with high profitable margin at Rs 550 and
Rs 510 per unit, whereas two financial institutions – Hamro Bikas Bank and
Jebil’s Finance –debuted at Rs 160 and Rs 117, respectively.
Sana Kisan
Bikas Bank – that has a face value of Rs 100 per unit – opened at around six
times high to Rs 550 and closed the trading at Rs 605 per unit, whereas RMDC – that
had offered its share at Rs 180 at premium, with an added premium of Rs 80 on
the face value of Rs 100 – started trading at around three times higher at Rs
510 and closed at Rs 561 per unit today.
The debut
price of newly listed companies is fixed between paid up value or three times
the net worth of the company, according to the Nepse’s rule.
Following the
rule, Sana Kisan Bikas Bank was allowed to trade from Rs 349 to Rs 1,047 per
unit and RMDC within the range of Rs 319 and Rs 956 per unit, respectively.
Sana Kisan Bikas
Bank saw its 2,783 unit shares being traded in 23 transactions, whereas RMDC
witnessed 15,089 shares being traded in 102 transactions today.
Earlier, Sana Kisan Bikas
Bank had floated primary shares worth Rs 60 million – in mid-July – that was
oversubscribed by 30 times. Likewise, RMDC’s – that had also floated its primary shares in
mid-July – IPO was also oversubscribed by 11 times.
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