KATHMANDU

The share price of Sonapur Minerals and Oil Limited has fallen below the IPO price. On Wednesday, its price reached a low of NPR 234.80.

Since the first day of trading on Sunday, Sonapur’s share has been continuously hitting the lower circuit. Sonapur had issued an IPO at a price of NPR 237.58.

As the share continues to decline, the shareholders of Sonapur are under pressure. On the first day of trading, Sunday, the price dropped by 10% to NPR 350, then further dropped to NPR 315 the next day. Similarly, on the second day, the share hit the lower circuit again, reaching NPR 283.50.

Furthermore, on the third day, the share dropped from NPR 283.50 to NPR 255.50. Today, on the fourth day, Wednesday, it fell to NPR 234.80.