Hathway Investment Nepal: Astounding 1880% Gain for IPO Allottees in Just 47 Trading Days
Fri, Jan 5, 2024 2:52 PM on Stock Market, Featured,
Hathway Investment Nepal Limited (HATHY) has become a standout performer, exceeding all expectations since its Initial Public Offering (IPO). Established in 2009, Hathway is positioned as Nepal’s pioneering private-equity investment firm, dedicated to impactful investing. Let's delve into what makes Hathway an exciting investment opportunity.
HATHY initiated its public market journey with an Initial Public Offering (IPO) that garnered significant attention. Priced initially at Rs. 50 per share, the IPO saw an overwhelming response from the general public, issuing a total of 24,27,750 unit shares. Listed with a total of 2,34,00,000 shares on October 10, 2023, HATHY's opening range set by the Nepal Stock Exchange (NEPSE) at Rs. 95.09 to Rs. 285.27. Remarkably, the stock opened at Rs. 285.20 on October 11, setting the stage for an impressive journey.
Hathway Investment Nepal Limited has not only met but exceeded market expectations, showcasing a remarkable market performance. As of January 4, 2024, the current market price stands at an impressive Rs. 990 with an adjustment of 10% bonus shares, marking a substantial increase from the IPO price of Rs. 50 per share. The company has experienced a gain of Rs. 704.80 or 247.12% from the opening price of Rs. 285.20 in the last forty-seven trading days. Investors who were fortunate enough to be allotted shares during the IPO have witnessed a phenomenal gain of 1880% in these trading days. The total turnover during this period is an impressive Rs. 2.86 Arba with a number of transactions of 95,777.
In its first quarterly report, Hathway reported a net profit of around Rs. 1.58 Crores. The Annualized Earnings Per Share (EPS) stood at Rs. 2.70 whereas the Net Worth Per Share stood at Rs. 80.24. The company's investments in securities and properties totaled Rs. 2.06 Arba and Rs. 18.51 Crores respectively.
Furthermore, HATHY recently proposed a dividend of 10.526%, comprising 10% bonus shares and 0.526% cash dividends, leveraging the company's paid-up capital of Rs. 1.17 Arba for the fiscal year 2079/80. The window for book closure for this dividend closed on December 28, 2023.
As of the day before the book closure date, the closing price of Hathway on December 27 was Rs. 796.50. However, after factoring in the adjustment for the 10% bonus shares, the revised price stood at Rs. 724.09, reflecting the positive impact of the bonus issuance. With a total of 25,740,000 units of shares post the adjustment of 10% bonus shares, Hathway's market capitalization presently stands at an impressive Rs. 25.48 Arba.
Price Change
Broker Analysis
Here are the Top 10 Stock Holding Brokers (As of Oct 11- Jan 04)
Board of Directors
| Name | Position |
|---|---|
| Yogeshwor Sharma Dhakal | Chairman |
| Kumar Paudel | Director |
| Suraj Kumar Shrestha | Director |
| Jayaram Nepal | Director |
Management Team
| Name | Position |
|---|---|
| Sandeep Shah | CEO |
| Sudha Aryal | COO |
| Sandil Shrestha | Head Research and Analysis |
| Auras Raj Panta | Financial Analyst |
Hathway's Investment Portfolio (Listed/ Non-Listed Shares, Promoter Shares and Properties)
Due to the absence of a specific list of companies in which Hathway invested during the fiscal year 2079-80 in the audit report, we have relied on a snapshot from the 2078-79 audit report, presuming continuity in investments for the subsequent fiscal year. It is noteworthy that certain companies initially categorized as unlisted in the provided snapshot have since been listed. This acknowledgment reflects the dynamic nature of the investment portfolio and the evolving status of certain entities within it.
As of FY 79-80 Audit Report
As of FY 78-79 Audit Report
Major Promoters
