On Monday, the market price of Butwal Power declined to Rs 491 in NEPSE. Similarly, the market price of National Hydro slipped to Rs 101.
Butwal Power Company issued 4.081 million units of FPO at the price of Rs 501 having a face value of Rs 100 at a premium of Rs 401. The FPO issuance worth Rs 2.04 billion went undersubscribed to Rs 580 million and was born by the underwriter.
The price decline has increased demand for these stocks. It is apparent in the market depth of NEPSE that shows higher demand and low supply.
