Investors in the energy sector have a new ticker to watch this weekend. Shares of Solu Hydropower Limited are officially set to debut on the Nepal Stock Exchange (NEPSE) secondary market starting this Sunday.
Following the formal listing of the company’s shares today, trading will commence after the weekend break. While NEPSE rules typically allow trading to begin the day after listing, the Friday market closure means the first transactions for Solu Hydropower will take place during Sunday’s session.
A total of 100 million units of Solu Hydropower shares have been listed on the exchange. The shareholding structure is divided as follows:
- Founder Shares: 80 million units (80%)
- Public Shares (IPO): 20 million units (20%)
NEPSE has assigned the trading symbol ‘SOHL’ for the company.
The Opening Range
For the first transaction in the special pre-open session, NEPSE has designated a specific price bracket based on the company’s audited net worth.
Opening Range: Rs 100.00 to Rs 300.00
If a transaction is successfully matched within this range during the Special Pre-Open Session (10:30 AM – 10:45 AM) on Sunday, the stock will then move into the regular trading session for the rest of the day.
IPO Backdrop
The company recently concluded its Initial Public Offering, which was open for subscription from December 29 to January 4. The allotment process was finalized on January 12 by the issue manager, Nabil Investment Banking.
Investors will be closely watching whether SOHL reaches the upper limit of its opening range on its market debut.
