Trading Begins for Two Major IPOs on Nepali Stock Exchange
Summary
Trading has begun for the IPOs of Salpa Development Bank and Reliance Spinning Mill on NEPSE, with both starting at NPR 300 as per new regulation.
Key Points
- Trading for IPOs of Salpa Development Bank and Reliance Spinning Mill began on the Nepali stock market today.
- NEPSE regulation capped the opening trade price for both IPOs at NPR 300, with both starting at this price.
- Salpa Development Bank saw a positive circuit breaker in its first seven trades.
- Reliance Spinning Mill's stock price closed 2 percent higher than its opening at NPR 306, despite its IPO price being NPR 820 per share.
