I didn’t have secondary account till yesterday
View on r/NepalStock by haywireeeeee
Month: October 2023
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Himalayan Reinsurance Announces IPO for Nepalese Citizens Abroad, Aiming to Raise Rs. 61.8 Crores
Himalayan Reinsurance Limited has announced its plans to issue an Initial Public Offering (IPO) aimed at Nepalese citizens working abroad. The company intends to offer 30,00,000 unit shares, and the subscription period will be open from the 21st Kartik, concluding on the 5th Mangsir in the year 2080.
The total issued capital of the company stands at Rs. 10 Arba, out of which 30%, equivalent to 3,00,00,000 unit shares, will be made available to the public, including Nepalese citizens working abroad and the general public. Of this total issuance, 10% or 30,00,000 unit shares are specifically reserved for Nepalese citizens working abroad, with their subscription period commencing on the 21st Kartik.
Additionally, 2% of the offered shares, totaling 600,000 units, have been set aside for the company’s employees, while 5% or 15,00,000 units have been allocated for mutual funds. The remaining 2,49,00,000 units will be made accessible to the general public at a later date.
The shares are set to be issued at a price of Rs. 206 per share, which includes a premium of Rs. 106 per share on top of the Rs. 100 face value. This IPO offering is expected to raise Rs. 61.8 crores for the company.
NMB Capital Limited has been appointed as the issue manager for this IPO. Investors can apply for a minimum of 10 units and have the opportunity to subscribe to a maximum of 300,000 units.
Himalayan Reinsurance is the second reinsurance company in Nepal to issue an IPO. As a pioneering private-sector reinsurance firm, it specializes in providing reinsurance support to both Life and Non-Life Insurance Companies within Nepal and on an international scale. The company received its operational license in 2021.
Prominent promoters of Himalayan Reinsurance include leading business conglomerates in Nepal and significant financial institutions, such as Golchha Group, Shanker Group, Infinity Holdings, and others, along with two major government-owned banks: Nepal Bank Limited and Rastriya Banijya Bank Limited.
ICRA Nepal has reaffirmed Himalayan Reinsurance Limited with an issuer rating of [ICRANP-IR] A-. This rating reflects a reasonable degree of safety concerning the timely fulfillment of financial obligations, signifying low credit risk for investors.
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Is it possible to open demat accounts with multiple individuals using the same bank account?
I attempted to open my Mom’s demat and trading account online through a broker, using my bank account. During the demat registration process, I received an email stating that the bank account validation had failed.
View on r/NepalStock by ekashish
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I am a newbie here…So please tell me
I had few shares of khaptad laghubitta
And I didn’t know about its merger with dhaulagiri merger.
I recently checked and saw that the amount of shares I have is decreased ..I just wanted to know if its normal or there some issue.
View on r/NepalStock by Royal-Lynx-8256
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Dashain aayo,… khaula piula!
*In the world of stocks, where numbers climb and fall,*
*Amidst the tickers, we celebrate Dashain, one and all.*
*As bulls and bears dance in the market’s sway,*
*Let’s pause for a moment and wish for Happy Dashain days!*
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*May your portfolio shine bright like gold,*
*And may your investments never grow old.*
*Just like the Goddess Durga, fierce and strong,*
*May your stocks rise and carry you along.*
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*Amidst swings of the market and kites in the air,*
*May your gains be abundant, with little despair.*
*Like the festive feast, may your profits increase,*
*With blessings of Lakshmi, may your wealth never cease.*
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*So, as the festive lights twinkle and gleam,*
*May your stocks be bullish, just like a dream.*
*Happy Dashain to you, with joy we say,*
*May the market and blessings come your way!*
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Wishing all of the members of r/NepalStock a joyful Dashain filled with love, laughter, *dakshinas,* masu (or aalu or paneer whichever applies), *Tanelas, Trials,* and *Double runs*.
As we celebrate this festive season, let’s remember to embrace the joy without fretting over market fluctuations. May this Dashain be a time of relaxation and joyous moments with loved ones. Take a break, enjoy the festivities, and cherish the blessings that surround us. The market can wait, but these moments are precious and fleeting.
Happy Dashain 2080!
View on r/NepalStock by JackThorne30
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Last Day to Be Eligible for 1: 2 Rights Offering of Ghalemdi Hydro (GHL)
Today marks the final day for individuals to qualify for Ghalemdi Hydro Limited’s (GHL) rights offering. The company is set to distribute 200% right shares valued at Rs. 1.10 Arba, achieved by issuing 11,000,000 (1:2) units of right shares to its current shareholders. This move is in line with GHL’s intention to secure at least a 51% stake in the Chujung Khola hydropower project, which is a 63 M.W. PRoR project located in Sankhuwasabha and promoted by Shangrila Urja Pvt. Ltd.
GHL’s existing paid-up capital stands at Rs. 55 Crores. Upon the execution of the proposed right share issuance, which amounts to 1.10 crore units, the company’s paid-up capital will substantially increase to Rs. 1.65 Arba.
Muktinath Capital has been designated as the issue manager for this process.
The book closure date for this offering is set for Kartik 03, 2080. Consequently, shareholders holding shares as of today will be eligible for the rights offering. As of the most recent data available, the last traded price for GHL shares was Rs. 175 per share.
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Gold Prices in Nepalese Market Reach All-Time High, Silver Takes a Dip
The local gold market has recently reached an all-time high, experiencing a substantial surge of Rs. 500 per tola. Official data from the Federation of Nepal Gold and Silver Dealers’ Association reveals that fine gold is now being traded at an unprecedented rate of Rs. 113,700 per tola. This marks a significant increase from the previous day when the same amount of fine gold was priced at Rs. 113,200 per tola. Tejabi gold, another variety, has also seen a notable rise in its price and is currently trading at Rs. 113,150 per tola, up from the previous rate of Rs. 112,650 per tola.
This surge in gold prices in the Nepalese market brings to mind the last time such record-breaking prices were witnessed, which was on July 20. On that day, fine gold was valued at Rs. 113,600 per tola, and Tejabi gold was priced at Rs. 113,050 per tola.
In contrast, the silver market has experienced a slight decrease, with the price of silver declining by Rs. 15 per tola. Currently, silver is trading at Rs. 1,395 per tola, compared to the previous day’s closing rate of Rs. 1,410 per tola.
It’s worth noting that these notable price fluctuations in the local market align with global trends. Currently, the global price for gold stands at USD $1,946.80 per ounce, while silver is being traded at $22.90 per ounce. These changes reflect both local and international dynamics in the precious metals market.
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Vision Lumbini Urja Company Limited Opens IPO Subscription with Additional Units for the Public
Vision Lumbini Urja Company Limited is set to initiate the issuance of its 20,75,285 unit Initial Public Offering (IPO) shares starting on the 16th Kartik, 2080. The closing date for the early subscription period for these shares is the 20th Kartik, with the option for an extension up to the 1st Mangsir, 2080, if the issue is not fully subscribed.
Previously, the company had allocated 19,12,500 unit shares to individuals affected by the company’s projects in Kaski District. However, only 14,24,590 units were allotted to eligible applicants. Consequently, the remaining 4,87,910 units of unsubscribed shares from project-affected locals have been combined with the 19,12,500 units to create a total of 24,00,410 units available to the general public.
Of these total shares, 191,250 units have already been issued and assigned to Nepalese citizens working abroad, 95,625 units are earmarked for mutual funds, while 38,250 units are reserved for company employees. The remaining 20,75,285 units are open for general public subscription.
The per-share price for these shares is set at Rs. 100. Muktinath Capital Limited is entrusted with the role of the issue manager. Investors can apply for a minimum of 10 units, with an upper limit of 380,000 units.
ICRA Nepal has reaffirmed its credit ratings for Vision Lumbini Urja Company Limited, maintaining a long-term rating of [ICRANP] LBB- and a short-term rating of [ICRANP] A4 for the company’s loan limits.
Vision Lumbini Urja Company Limited is actively engaged in the development of the 25-MW Seti Nadi Hydroelectric Project, located in the Machhapuchchhre rural municipality of Kaski District in the Gandaki Province of Nepal. The project is classified as a run-of-the-river (R-o-R) type and is designed to operate at a 44.5% probability of exceedance. This information outlines the details of the upcoming IPO and the company’s project endeavors.
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Vision Lumbini Urja IPO Shares Allocated to Kaski Locals, Future Public Offering Planned
Vision Lumbini Urja Company Limited has completed the allocation of its Initial Public Offering (IPO) shares to project-affected individuals in Kaski District. The distribution took place on Wednesday, 1st Kartik, at the office of Muktinath Capital Limited, the appointed issue manager for the IPO.
The company’s total issued capital is Rs. 1.91 Arba, out of which 10% or 19,12,500 unit shares valued at Rs. 19.12 Crores were reserved for project-affected locals in Kaski District. An additional 10% of the company’s issued capital, equivalent to 19,12,500 unit shares, will be made available to the general public at a later date. Within this public issue, 10% of the shares, totaling 1,91,250 units, were specifically allocated for Nepalese citizens working abroad, and the subscription period for these shares concluded on 15th Ashwin, 2080.
In an official notice, the company reported that approximately 14,24,590 units, or 74.48% of the total issued shares, have been allocated to eligible applicants. Consequently, the remaining 4,87,910 units will soon be offered to the general public, in addition to the 19,12,500 units earmarked for public issuance, representing 10% of the company’s issued capital.
ICRA Nepal has reaffirmed its credit ratings for Vision Lumbini Urja Company Limited, maintaining a long-term rating of [ICRANP] LBB- and a short-term rating of [ICRANP] A4 for the company’s loan limits.
Vision Lumbini Urja Company Limited is actively engaged in the development of the 25-MW Seti Nadi Hydroelectric Project, situated in the Machhapuchchhre rural municipality of Kaski District in the Gandaki Province of Nepal. The project is classified as a run-of-the-river (R-o-R) type and is designed to operate at a 44.5% probability of exceedance. This information provides an overview of the recent developments and financial standing of the company.
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NHPC Lists Right Shares on NEPSE After Successful Allotment and Auction
National Hydro Power Company Limited (NHPC) has successfully listed 82,21,459.7178 units of right shares on the Nepal Stock Exchange (NEPSE). The company had previously issued these right shares to its shareholders at a ratio of 10:5, allowing them to subscribe to the offering from 29th Ashad to 18th Shrawan, 2080.
Of the total 82,21,459.7178 unit right shares made available, eligible shareholders of NHPC submitted applications for 68,84,717 units, and these shares were duly allocated to the applicants.
Subsequently, the company organized an auction for the remaining 13,36,742.7178 units of unsubscribed right shares, which took place from 13th Bhadra to 24th Bhadra, 2080. The auction was managed by Muktinath Capital.
At the time of reporting, NHPC’s Last Traded Price (LTP) stands at Rs. 145. This information provides an overview of the company’s recent financial activity and share performance in the market.
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Solu Hydropower and Taksar Pikhuwa Khola Hydropower Seek Approval for IPOs in Nepal
Solu Hydropower Limited’s Initial Public Offering (IPO) has been added to the approval pipeline of SEBON (Securities Board of Nepal). The company intends to issue 20,000,000 unit shares to both local and general investors, with the IPO expected to generate a total of Rs. 2 Arba.
Nabil Investment Banking Limited has been designated as the issue manager responsible for overseeing the IPO process. The application for this IPO was submitted to SEBON on Ashwin 23, 2080.
Infomerics Credit Rating Nepal Limited (Infomerics Nepal) has assigned an issuer rating of IRN BB (Is) [Double B (Issuer)] to Solu Hydropower Limited. This rating suggests a moderate level of default risk in terms of meeting financial obligations.
Similarly, the IPO proposal of Taksar Pikhuwa Khola Hydropower Limited has also been included in SEBON’s IPO pipeline. Taksar Pikhuwa Khola Hydropower Limited has presented a proposal to the capital market regulator to issue a total of 4,230,668 shares to both local and general investors, raising an amount of Rs. 42.30 crores for the company. The application for this IPO was submitted on Ashwin 26, 2080.
Prabhu Capital Limited has been appointed as the issue manager for the public offering of Taksar Pikhuwa Khola Hydropower Limited.
CARE Ratings Nepal Limited (CRNL) has reaffirmed a rating of ‘CARE-NP BB’ for the long-term bank facilities of Taksar Pikhuwa Khola Hydropower Private Limited (TPKH).