Palpa Cement Industries Limited and Shikhar Power Development Limited have completed their first transactions in the special pre-open session of the Nepal Stock Exchange (NEPSE). Palpa Cement’s shares were traded at Rs. 300 per share, while Shikhar Power’s shares were traded at Rs. 284.30 per share during the opening session.
Both companies were listed on NEPSE on Chait 26 (Thursday). Following the listing, the initial price discovery was conducted through the pre-open session as part of the exchange’s trading mechanism.
Palpa Cement Industries Limited has listed a total of 3 crore 75 lakh shares, which includes 75 lakh shares issued to the general public and 3 crore promoter shares.
Similarly, Shikhar Power Development Limited has listed a total of 98 lakh shares, comprising 32 lakh public shares and 66 lakh promoter shares.
The Nepal Stock Exchange had set an opening price range of Rs. 100 to Rs. 300 for Palpa Cement and Rs. 94.78 to Rs. 284.34 for Shikhar Power. Based on this range, the first trades were executed during the special pre-open session.
With this, both companies are now eligible for regular trading sessions on the secondary market.
This article was originally published on https://bajarkochirfar.com. Translated with the help of AI and reviewed by our editorial team.
