We have detail information of Opening Range of Modi Energy Limited. It is a public ltd hydropower company in Nepal. The company has issued IPO to the local people, general public and Nepalese living in abroad for employment.
Opening Range of Modi Energy Limited
Modi Energy Limited is initially named as Manag Trade Link Pvt Ltd but later renamed as Modi Energy Pvt Ltd in 28th May 2017. The company was converted into public limited company in 21st June, 2018. Company is formed by different institutional and individual investors from various field. Project has capacity to produce 20MW electricity to serve many household. The Project is located at Parbat, Nepal and started its operation from 30th September, 2021.
Sunrise Capital Limited is issue manager for IPO issue. Similarly, the company got BB+ rating for issuing IPO from ICRA Nepal. Issuers with this rating are considered to have moderate degree of safety regarding timely servicing of financial obligations, in Nepal.
The opening range of the company depend upon the book value of the audited financial statement. so, book value of the company is Rs. 92.57. Hence, the opening range is Rs. 92.57 to Rs. 277.71.
Hence, share will be traded after listing in NEPSE.
Information about IPO
Following is the detail information about IPO
|General Public (including abroad employee)||435,000,000||15%|
|For Nepalese working Abroad||43,500,000||1.5%|
|Issue Manager||Sunrise Capital Ltd|
|ICRA Nepal Rating||BB+|
Other Important Links
a. Company Analysis of Modi Energy Ltd: CLICK HERE
b. EPS of Hydropower company Ltd: CLICK HERE
c. Top 10 Commercial Bank: CLICK HERE
IPO date and IPO result Date of Modi Energy Ltd?
= Issue manager will decide the IPO Date and IPO result Date of Modi Energy Ltd.
IPO Issue Manager of Modi Energy Ltd?
= Sunrise Capital Ltd is the IPO issue Manager of Modi Energy Ltd.
Book Value of Modi Energy Ltd?
= Rs. 92.57 is the book Value of the Modi Energy Ltd