I recently visited sunrise capital for filling Upper Tamakoshi Hydropower Limited (UPPER) Auction share, it was my first time but the form was finished so I returned empty handed so planning to go tomorrow , there were so many people. how profitable is Auctioned share in Nepal and The price of UPPER currently is around RS.200 what is the suitable price to Bid for that stock ??.
can anyone guide me here !
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View on r/NepalStock by Yunik_B
Nepal Finance Limited (NFS) recently added 40,245 units of right shares to the Nepal Stock Exchange (NEPSE). NFS had initially offered its existing shareholders a 1:0.70 ratio of right shares between the 6th to 26th Jestha, 2079. However, a substantial portion of these shares, totaling 11,36,716.187 units, remained unsold. To address this, NFS conducted an auction for the unsold shares from the 7th to the 24th Ashad, 2079. Unfortunately, only 40,245 units found buyers in the auction, and these are the shares that are now available for trading on NEPSE. As of the latest trading price (LTP), NFS shares are valued at Rs. 288 each.