IPO Shares of Two Companies Credited to Investors’ DEMAT Accounts, Trading to Begin After NEPSE Listing
The IPO shares of Apollo Hydropower Limited and Sopan Pharmaceuticals Limited have been credited to investors’ DEMAT accounts.
The IPO shares issued by Apollo Hydropower Limited and Sopan Pharmaceuticals Limited have now been credited to the DEMAT accounts of investors.
Following the completion of the share allotment process, the companies transferred the allotted IPO shares to the respective beneficiary accounts of applicants.
The next step will be the listing of these shares on the Nepal Stock Exchange (NEPSE). Once the listing process is completed, secondary market trading will begin from the following trading day.
NEPSE is expected to set the opening trading range for Apollo Hydropower Limited between Rs. 100 and Rs. 300 for the first transaction.
Similarly, the opening range for Sopan Pharmaceuticals Limited is expected to be fixed between Rs. 92 and Rs. 276 for its first day of trading.
Investors will be able to buy and sell the shares in the secondary market once trading officially begins.