Upper Lohore Hydropower Company Limited has announced its plan to issue an Initial Public Offering (IPO) to the general public. The IPO will consist of 19,53,279 unit shares with a face value of Rs 100 each, starting from 18th Shrawan, 2080. The company aims to raise Rs 19.53 crore through this offering. The closing date for the IPO is initially set for the 22nd Shrawan, but it can be extended up to the 32nd Shrawan, 2080, if the issue is not fully subscribed by then.
Upper Lohore Hydropower Company Limited has successfully allotted IPO shares to project-affected local residents in the Dailekh District. The allotment process was concluded on the 10th of Shrawan, 2080. The company had issued 509,804 units of IPO shares, which represent 10% of the total issued capital of Rs. 50.98 Crores. Local residents from the Dailekh District were eligible to apply for these shares between 7th Ashad and 5th Shrawan. They had the option to apply for a minimum of 10 units and a maximum of 25,000 units.
The current promoter of Kumari Bank Limited (KBL) is offering 240,101 units of shares for auction exclusively to existing promoter shareholders. The auction period starts on 11th Shrawan, 2080, and will last for 35 days from the date of this notice. Eligible shareholders, who are existing promoters, can participate in the bidding process by submitting their bids at the bank’s central office in Naxal, Kathmandu.
Gold prices in the Nepalese market are soaring, reaching near an all-time high. According to the Federation of Nepal Gold and Silver Dealers’ Association, fine gold is now being traded at Rs. 113,500 per tola, experiencing an astonishing rise of Rs. 800 in just one day from yesterday’s rate. This surge follows a significant increase of Rs. 500 per tola on Wednesday.
Today’s trading session witnessed 271 companies’ stocks being traded in 44,672 transactions, with a significant share volume of 6,271,777, totaling a turnover of Rs. 2.42 Arba. The Float index declined by 1.31%, reaching 147.32, and the Sensitive index also decreased by 1.28%, currently standing at 403.84.
The overall market capitalization amounted to Rs. 3.12 Trillion, with the float market capitalization at Rs. 1.105 Trillion.