Reliance Spinning Mills and Salapa Bikas Bank Limited recorded their first trades at Rs. 300 per share during the special pre-open session. Both companies were listed on NEPSE on Falgun 1.
In the special pre-open session, the first trading price of both Reliance Spinning Mills Limited and Salapa Bikas Bank Limited was determined at Rs. 300 per share.
Both companies were listed on the Nepal Stock Exchange (NEPSE) on Falgun 1. Reliance Spinning Mills had 1 crore 90 lakh ordinary shares with a face value of Rs. 100 listed on NEPSE. Similarly, Salapa Bikas Bank had 52 lakh 23 thousand 880 ordinary shares with a face value of Rs. 100 listed on the exchange.
NEPSE had recently revised its opening range provision, limiting the opening price range to a maximum of three times the face value. In accordance with this provision, the first trades of both companies were executed at the upper limit of Rs. 300.
This article was originally published on https://bajarkochirfar.com. Translated with the help of AI and reviewed by our editorial team.
