Upper Lohore Hydropower Company's share transferred to the demat account. What will be the openeing range?

The IPO allotment for Upper Lohore Hydropower Company Limited was finalized at 29 Shrawn, 2080 at Kaji Kitchen, Battisputali, Kathmandu. NICA Asia Capital served as the appointed issue manager for this IPO offering.

Upper Lohore Hydropower Company Limited made available 1,953,279 units of IPO shares with a face value of Rs 100 each to the general public from the 18th to the 22nd of Shrawan, 2080.

CRNL has assigned an 'CARE-NP BB- (Is)' rating to Upper Lohore Khola Hydropower Company Limited (ULKH), indicating that issuers with this rating in Nepal are characterized by a moderate risk of default concerning their ability to meet financial obligations in a timely manner.

Upper Lohore Hydropower Company Limited, originally established as a private limited company on November 10, 2017, subsequently underwent conversion into a public limited company. The company is currently engaged in the development of the Upper Lohare Hydropower Project, located in the Dailekh district. This project operates as a run-of-the-river type, boasting an installed capacity of 4MW.

The opening range of Upper Lohore Hydropower Company's is form Rs. 97.87 upto  Rs. 293.61