Week in Nepal’s Stock Market: November 2-6

Trading spotlight: IPO and listed companies

This week, SY Panel Nepal Limited opened its IPO, issuing 40,76,156 units at NRs 100 each for the general public. Although trading has not started yet, this IPO introduces a potential source of liquidity and generates interest in the manufacturing and construction sectors.

Additionally, several newly listed companies, such as Mabilung Energy (MABEL), Dharamkhola Hydro Energy (DHEL), and Sagar Distillery (SAGAR), entered the secondary market this week, adding fresh momentum to the trading floor.

Mabilung Energy (MABEL), which debuted on November 3, opened with a broad price range of NRs 105.90 to 317.70, signalling strong initial investor enthusiasm. The stock price climbed quickly, closing at NRs 422.7 on November 6, marking a remarkable 33% gain within its opening week. 

Meanwhile, Dharamkhola Hydro Energy (DHEL) and Sagar Distillery (SAGAR), which debuted in the same week, also followed a steady initial session with the moderate turnover of NRs 201,909 and NRs 33,553, respectively. Both stocks, however, have witnessed notable price growth in the following week (which will be discussed in detail in the next weekly segment).

Similarly, Nepal SBI Bank has recently listed three million units of 7% Nepal SBI Bank Debenture 2090 (SBID2090) on NEPSE, each with the face value of NRs 1000, a 10-year maturity period, and bearing a 7% interest rate. On the mutual fund front, HLI Large Cap Fund (HLICF) has also been listed.