Month: August 2023
“Sun Nepal Life Insurance Announces 76.80 Lakh IPO Shares for General Public at Premium Price from Shrawan 32”
Sun Nepal Life Insurance Company Limited will release 76,80,000 IPO shares starting August 15, 2023. The offer ends on August 20, but it could continue until September 4 if not fully subscribed. The company’s total capital is Rs. 3.2 billion, with 30% (96,00,000 shares) available for the public, including Nepalese citizens abroad. Additionally, 10% […]
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“Government Approves Cyber Security Policy for Digital Safety”
During a Cabinet meeting on Tuesday, a significant decision was made to approve the Cyber Security Policy 2080. This step, confirmed by the Ministry of Communication and Information Technology, sets the stage for the upcoming Cyber Security Bill. The government aims to create a secure and advanced cyber environment in the country with this […]
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“Nepal Rastra Bank Eases Import Regulations”
A Letter of Credit (LC) is a crucial financial tool in global trade that ensures a secure exchange of goods and payments between international buyers and sellers. Functioning as a guarantee from the buyer’s bank, the LC assures the seller of payment upon meeting specified conditions, including delivering goods and providing necessary documents. This […]
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“Citizens Super 30 Mutual Fund (C30MF) Makes NEPSE Debut”
“Citizens Super 30 Mutual Fund (C30MF) has recently been introduced to the NEPSE market, with a total of 75,072,390 units available for trading. This fund operates as a closed-end type, indicating that it has a fixed maturity period of 10 years. When it was initially issued, the mutual fund distributed 10 crore units, valued […]
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“NIMB Ace Capital Concludes Citizen Life Insurance IPO Allotment; Foreign Applicants Receive 10 to 50 Unit Shares”
The life insurance company recently offered its regular shares to the public at a premium price of Rs 244 per share, starting from Asar 31 to Shrawan 14, 2080. According to a press release, the company distributed shares based on different categories of applicants. Around 7,885 applicants received shares based on their requested quantity […]
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“NEPSE’s Market Cap Dips Below 30 Kharba Amidst 3-Day 69.98 Point Loss”
During today’s trading session, the Nepal Stock Exchange (NEPSE) Index concluded at 2,019.85 points, marking a significant decrease of 28.40 points or 1.38% in comparison to yesterday’s close. On Monday, the index saw a minor dip of 3.21 points. The session commenced with an opening index of 2,047.72, briefly reaching a peak of 2,055.31 […]
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“Upper Lohore Hydropower IPO Oversubscribed 6.13x; Closes Today”
Upper Lohore Hydropower Company Limited has announced the conclusion of its Initial Public Offering (IPO) for 19,53,279 shares with a face value of Rs 100 each, effective today, the 22nd of Shrawan, 2080. The IPO campaign was initiated on the 18th of Shrawan, 2080. Initially, the company had distributed 509,804 shares valued at Rs. […]
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“Deadline Extended for ‘9% Nepal SBI Bank Debenture 2089’; New Closing Date Set for Shrawan 31”
Nepal SBI Bank Limited (SBI) has decided to extend the public offering period for the “9% Nepal SBI Bank Debenture 2089.” The initial opening of the offering took place on the 18th of Shrawan, 2080, and the original closing date was today, the 22nd of Shrawan. As the offering has not garnered complete subscription, […]
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IMandu Hydropower Allots IPO Shares to Overseas Nepalese on 21st Shrawan
Mandu Hydropower Limited has assigned shares from its Initial Public Offering (IPO) to Nepalese individuals employed overseas. The distribution process ended on the 21st of Shrawan, 2080. This allotment event occurred at the office of Prabhu Capital Limited, the hydropower company’s designated issue manager, located in Kamaladi.
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NEPSE Closes at 2048.26, Market Cap at Rs. 30.34 Kharba with Minor 3.21 Point Loss
In today’s trading, the Nepal Stock Exchange (NEPSE) Index ended at 2,048.26 points, showing a slight decline of 3.21 points or 0.15% compared to yesterday’s close. The index had started the session at 2,051.47 and reached a high of 2,069.73 during the day, but later dipped to a low of 2,030.19 before closing at […]
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