Debut Delight: Chirkhwa Hydropower, Vision Lumbini Urja, and Nepal Warehousing See Soaring Share Prices on First Trading Day
Thu, Dec 21, 2023 11:37 AM on Stock Market, Latest,
Chirkhwa Hydropower Limited (CKHL), Vision Lumbini Urja Company Limited (VLUCL), and Nepal Warehousing Company Limited (NWCL) made a remarkable entry into the stock market as they observed an impressive surge in their share prices on the very first day of trading.
Chirkhwa Hydropower, with an initial IPO price of Rs. 100 per share, exceeded expectations by reaching Rs. 330.00 on the first day, marking a remarkable 10% increase. The IPO offered 8,59,300 unit shares to the public, listing a total of 40,00,000 shares. Notably, trading began at Rs. 300, and as of now, there have been 73 trades with a total traded quantity of 641.
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Similarly, Vision Lumbini Urja Company (VLUCL) started trading at Rs. 365.30 and is currently around Rs. 401.80, reflecting a positive change of 9.99%. VLUCL issued 20,75,285 IPO shares at Rs. 100 each, with a total listing of 1,91,25,000 shares. So far, there have been 288 trades with a total traded quantity of 2,558.
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Nepal Warehousing Company Limited (NWCL) also made its debut, starting at Rs. 208.80 and currently hovering around Rs. 229.60, showing a positive change of 9.96%. NWCL issued 11,41,250 IPO shares at Rs. 100 per share and listed a total of 68,75,000 shares.
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