Opening Range Of Nepal Warehousing Company Limited

Nepal Warehousing Company Limited (NWCL) offers comprehensive facilities for storing, cleaning, drying, and transporting grains, aiming to enhance grain quality and establish better links to the market, ensuring farmers receive improved value for their produce. The company also aims to facilitate financial services such as insurance and inventory credit. Additionally, NWCL operates an auction house and envisions connecting to the commodity exchange.

Nepal Warehousing Company Limited has a total capital of NPR 68.75 crore, with an initial public offering (IPO) of Rs. 13.75 crore, constituting 20% of the total capital. Out of the issued 13,75,000 units, 10% (1,37,500 units) are allocated to Nepalese citizens working abroad, 2% (27,500 units) for company employees, and 5% (68,750 units) for mutual funds. The remaining 11,41,250 units are available for the general public.

For the fiscal year 2078/79, the audited book value of the company stands at Rs. 86.86. Consequently, the company's opening range is set between Rs. 86.86 and Rs. 260.58.

ICRA Nepal has reaffirmed NWCL's issuer rating as [ICRANP-IR] BB- (pronounced ICRA NP issuer rating double B minus), indicating a moderate risk of default in meeting financial obligations in a timely manner.