Opening Range of Modi Energy Limited
We have collected the Opening Range of Modi Energy Limited.
Following are the detail information of modi energy.
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.
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.
Following are the detail information.
| Particulars | Information | Percentage |
|---|---|---|
| Total Capital | 2,900,000,000 | 100% |
| Promoter Shareholding | 2,175,000,000 | 75% |
| Local Issue | 290,000,000 | 10% |
| 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+ | |
Note: Data are taken from the offer letter.
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