Day: June 5, 2023

  • SEBON grants licenses to 11 new stock brokers

    SEBON grants licenses to 11 new stock brokers


    The Securities Board of Nepal (Sebon) has granted licenses to 11 new companies to act as stock brokers in Nepal’s securities market.The board issued the licenses on Monday, June 5, 2023.

    The 11 companies that received licenses are:

    • Elite Stock House Limited, Lazimpat, Kathmandu
    • Infinity Securities Limited, Sundhara, Kathmandu
    • Index Securities Limited, Dillibazar, Kathmandu
    • Shuvakamana Securities Pvt. Ltd, Naxal, Kathmandu
    • Mega Stock Markets Limited, Tripureshwore, Kathmandu
    • Hatemalo Financial Services Pvt. Ltd, Naxal, Kathmandu
    • Money World Share Exchange Pvt. Ltd, Putalisadak, Kathmandu
    • Machhapuchchhre Securities Limited, Lazimpat, Kathmandu
    • K.B.L Securities Limited, Tangal, Kathmandu
    • Kalash Stock Market Pvt. Ltd, Bhddhanagar, Kathmandu
    • NABIL Securities Limited, Durbarmarg, Kathmandu

    With the issuance of these licenses, the total number of securities dealers in Nepal has increased to 69. Of these, 50 are full-time securities brokers and 19 are limited-time securities brokers.

    The Sebon has been issuing licenses to new securities dealers in order to expand the reach of the stock market and to increase the number of investors. The board has also been taking steps to improve the regulatory framework for the securities market.

    The issuance of licenses to 11 new companies is a positive development for the Nepali stock market. It will help to increase the number of investors and to deepen the market. It will also help to improve the liquidity of the market.

    Sebon is expected to continue to issue licenses to new securities dealers in the coming months. This will help to further expand the reach of the stock market and to increase the number of investors.

    SEBON grants licenses to 11 new stock brokers 2

  • Avasar Equity Diversified Fund Invests in Two Hydropower Projects in Nepal’s Dolakha District

    Avasar Equity Diversified Fund Invests in Two Hydropower Projects in Nepal’s Dolakha District


    Avasar Equity Diversified Fund, Nepal’s first domestic Private Equity Fund registered with the Securities Board of Nepal (SEBON), has recently entered into an investment agreement with Him Parbat Hydropower Limited. Under this agreement, the Fund will invest NPR 39.06 crore in the development of two Run-of-river hydropower projects in Dolakha District of Bagmati Province.

    The investment will be directed towards the Sagu Khola – 1 Hydropower Project, with a capacity of 5.5 MW, and the Sagu Khola Hydropower Project, with a capacity of 20 MW. Both projects have already concluded Power Purchase Agreements (PPAs) on a take-or-pay basis. It is anticipated that the combined energy generation from these projects will amount to approximately 149 GWh per year.

    To connect the power generated by the projects to the national grid, a connection will be established through the Singati Substation. The projects have a target Commercial Operation Date set for Chaitra 29, 2081 (April 12, 2025).

    By providing financial support for these projects, the investment from Avasar Equity Diversified Fund aims to ensure their timely completion and contribute to Nepal’s commitment to clean and sustainable energy sources.

  • Jalpa Samudayik Laghubitta Bittiya Sanstha Limited (JALPA) Calls 4th AGM with Proposed 15% Dividend Distribution

    Jalpa Samudayik Laghubitta Bittiya Sanstha Limited (JALPA) Calls 4th AGM with Proposed 15% Dividend Distribution


    Jalpa Samudayik Laghubitta Bittiya Sanstha Limited (JALPA) has announced that today is the final day for shareholders to avail the proposed dividend. The company has scheduled its 4th Annual General Meeting (AGM) to take place on 4th Ashad, 2080. The AGM will be held at The SR Hotel in Tilottama Municipality -01, Drivertole, Rupandehi, starting from 9 AM on that day.

    One of the key agendas of the AGM is to approve a dividend of 15% for the fiscal year 2078/79. The decision to distribute the dividend is based on the paid-up capital of Rs. 16 Crores. It has been proposed to distribute a cash dividend of 0.75%, amounting to Rs. 12 lakhs, and a bonus share dividend of 14.25%, worth Rs. 2.28 crores.

    The book closure date for entitlement to the dividend is on Jestha 23. Therefore, shareholders who have maintained their shares until today are eligible for the dividend payout and are welcome to attend the upcoming AGM.

    The dividend announcement by JALPA provides an opportunity for shareholders to benefit from their investment in the company. Attending the AGM allows shareholders to stay updated on the company’s performance, participate in decision-making, and engage with fellow shareholders.

  • Rawa Energy Development Limited Concludes IPO of 643,667 Unit Shares

    Rawa Energy Development Limited Concludes IPO of 643,667 Unit Shares


    Rawa Energy Development Limited has announced the closure of its Initial Public Offering (IPO) for the issuance of 643,667 unit shares with a face value of Rs. 100 per share. The IPO was opened on 18th Jestha, 2080 and will conclude on 22nd Jestha, 2080.

    Previously, the company had allocated 2,80,000 unit shares worth Rs. 2.8 crores to the project-affected locals of Khotang District. However, only 87,370 units were allotted to valid applicants, leaving 192,330 units unsubscribed. These unsubscribed shares, along with 560,000 units (20% of the issued capital reserved for the general public), make up a total of 752,330 units available for the general public.

    Out of the total 752,330 units, 56,000 units have been issued and allotted to Nepalese citizens working abroad, 37,616 units have been set aside for mutual funds, and 15,047 units have been reserved for employees of the company. The remaining 643,667 units are available for the general public.

    The company aims to raise Rs. 6.43 crore through this IPO. Prabhu Capital Limited has been appointed as the issue manager for the IPO issuance, and interested applicants can apply for a minimum of 10 units and a maximum of 10,000 units.

    As of yesterday evening, the issue has already received a significant oversubscription. According to CDSC, a total of 869,645 applicants have applied for 95,86,400 units, indicating an oversubscription of 14.89 times.

    CARE Ratings Nepal Limited (CRNL) has assigned an issuer rating of ‘CARE-NP BB (Is)’ to Rawa Energy Development Limited. This rating signifies a moderate risk of default in the timely servicing of financial obligations in Nepal.

    Rawa Energy Development Ltd, incorporated on August 16, 2009, as a private limited company and later converted to a public limited company on June 28, 2019, is promoted by individuals with extensive experience in the hydropower and other sectors. The company operates the 3 MW Upper Rawa Khola Small Hydropower Project (URKHP) in Khotang District, which has been in commercial operation since September 20, 2020. The project follows the BOOT (Build, Own, Operate, and Transfer) mechanism.

  • NEPSE Index Declines by 17.38 Points

    NEPSE Index Declines by 17.38 Points


    The NEPSE (Nepal Stock Exchange) index concluded today’s trading session at 1,901.99 points, reflecting a loss of 17.38 points from the previous closing. This represents a decrease of 0.91% in the index. However, it is worth noting that the index had experienced a gain of 53.03 points in the preceding trading session.

    At the beginning of today’s trading, the index opened at 1,922.13 points. Throughout the day, it reached an intraday high of 1,935.80 points. However, it also experienced a dip, with the lowest point recorded at 1,899.54 points before ultimately closing at 1,901.99 points. These fluctuations in the index’s value indicate the dynamic nature of the stock market and the varying levels of buying and selling activity by investors.

    During the trading session, a total of 277 scrips were traded through 36,568 transactions. The total volume of shares exchanged amounted to 5,620,381, corresponding to a turnover of Rs. 1.97 Arba. It is noteworthy that this turnover amount is higher than the turnover recorded in the previous trading day, which stood at Rs. 1.65 Arba. These figures highlight the level of market activity and the value of shares being bought and sold by investors.

    Investors closely monitor the NEPSE index and trading activity as it provides insights into the performance and sentiment of the stock market. Fluctuations in the index and turnover amount can impact investment decisions and overall market sentiment.