Opening Range of Modi Energy Limited

Opening Range of Modi Energy Limited

We have collected the Opening Range of Modi Energy Limited.

Opening Range of Modi Energy Limited

Following are the detail information of modi energy.

About Company

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.

Sunrise Capital Ltd is the issue manager for IPO.

Opening Range

The opening range of the company depend upon the book value of the audited financial statement. Similarly, opening range is 3 times of audited book value of the 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.

The company got BB+ rating for Issuing IPO.

About IPO

Following are the detail information.

Total Capital2,900,000,000100%
Promoter Shareholding2,175,000,00075%
Local Issue290,000,00010%
General Public (including abroad employee)435,000,00015%
For Nepalese working Abroad43,500,0001.5%
Issue ManagerSunrise Capital Ltd
ICRA Nepal RatingBB+

Note: Data are taken from the offer letter.

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