IPO Shares of Emerging Nepal Limited (ENL) Finally Listed in NEPSE, What’s the Opening Range? – |

55,56,000 unit IPO shares of Emerging Nepal Limited (ENL) have been listed in NEPSE.

Emerging Nepal Limited issued 5,55,600 units worth Rs 5.55 crore as Initial Public Offering to the general public from Magh 26 to Falgun 1, 2078. Out of the offered 5,55,600 units; 2% of the total offered shares to the general public i.e. 11,112 units were set aside for the employees of the company and 5%, i.e. 27,780 units for mutual funds. The remaining 5,16,708 units were for the general public.

NIC Asia Capital Limited was the issue manager for this IPO Issue. The issue had received applications from 23,28,706 valid applicants who had applied for a total of 2,64,01,970 units. The issue was oversubscribed more than 51.096…