Shwet-Ganga Hydro Power’s Lock-In Period Ending: What Investors Need to Know!
Hello Nepali stock market enthusiasts! Are you following the Nepse? We’ve got some important news for those holding Shwet-Ganga Hydro Power & Construction Limited shares. The lock-in period for a significant number of shares is about to expire! Get ready because this could potentially impact the stock market landscape.
Tomorrow, August 2nd, marks the end of the lock-in period for 96,89,500 shares of Shwet-Ganga Hydro Power. This means these shares will become available for trading on the Nepal Stock Exchange (NEPSE) starting August 3rd. This is a crucial event for investors and those interested in hydro power companies in Nepal.
The IPO (Initial Public Offering) of Shwet-Ganga Hydro Power was allocated to the public on August 2nd, 2022. As part of this process, the shares held by the promoter group, employees, and project-affected locals were subject to a three-year lock-in period. This lock-in was designed to provide stability after the initial IPO launch.
Now, after the lock-in expires, a substantial number of shares are set to enter the market. Specifically:
- 73,00,000 promoter shares
- 15,93,000 shares belonging to project-affected local residents
- 7,96,500 employee shares
With nearly 9.7 million shares becoming available for trading on the NEPSE, market watchers are eager to see how this will influence Shwet-Ganga’s share price and the overall market sentiment.
This is a pivotal moment for Shwet-Ganga Hydro Power. Investors should closely monitor the stock performance of the company as this influx of shares could lead to price fluctuations. Stay informed and keep an eye on NEPSE updates and financial news related to the Nepalese stock market. Keep researching the hydro power sector in Nepal.
