I sold 10 units of share and couldn’t transfer due to busy schedule at work(Work in abroad)
It’s been 18 days…. Now what happens? Please guide me
P.S. also prime commercial bank changed its account number so it was a hassle
View on r/NepalStock by CoolPotatoDude12
Use this post to discuss what to buy/sell/trade/avoid/watch today and in the coming days.
As always, the rules still apply.
**Have a TMS or Meroshare issue? Query about EDIS or collateral? Ask here instead of creating another thread. All queries regarding TMS, MeroShare, Broker issues, EDIS, Settlement and Payments should be asked here.** >!DO NOT create another post.!<
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ALL OTHER **INDIVIDUAL** POSTS ASKING:
* what to buy or sell,
* or what bank to buy,
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* yo share kati samma mathi jancha hola
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Maile bharkharai nai suru gareko ho apply garna total 4 wota pareko cha ra 12k jati thiyo asti tira ani aile ghatera 10k ma jhari sake raicha dekhera dukha layo. Yo sub ma search gare tara thyakkai testari explain garne kei post payena. Baru kun IPO bechne bhanera dherai question chha. Brochure office TMS account yestai yestai kei terms tha paye yaha herda herda pls guidance dina paryo
aba ghati sake cha bechda feri ajhai ghatxa hola euta phone na bhayera ali ali paisa bhaye phone kinxu bhanera apply gareko jhan ghatecha bechna help chaiyo pls help !
View on r/NepalStock by Crazy_Cable839
Nesdo Sambridha Laghubitta Bittiya Sanstha Limited (NESDO) has taken the initiative to distribute a 15% cash dividend directly to the bank accounts of its shareholders and has encouraged them to convert their shares into dematerialized form.
The company convened its 4th Annual General Meeting (AGM) for the fiscal year 2078/79 on the 26th of Ashwin, 2080. During this AGM, NESDO approved a 15% dividend, which includes applicable taxes, for the fiscal year 2078/79. The disbursement of this dividend into the bank accounts of shareholders commenced on the 29th of Ashwin, 2080.
In addition to this, NESDO has made a specific request to its shareholders, particularly those who have not updated their bank information within the Demat account, to consider converting their shares into dematerialized form. This move aligns with modern financial practices and can streamline the dividend distribution process.
Moreover, NESDO has outlined a requirement for eligible investors who have obtained loans against the company’s shares before the book closure date. To be eligible for dividend payment, these investors must provide a No Objection Letter from their respective lending institutions.
By introducing these measures, NESDO is aiming to enhance the efficiency and transparency of its dividend distribution process while encouraging shareholders to modernize their shareholding by dematerializing their shares.
Dibyashwari Hydropower Company Limited (DHPL) has revised its proposal for issuing right shares, as decided during a Board of Directors (BOD) meeting held on Ashwin 29. The initial plan was to offer 1:1 or 100% right shares, announced on Ashad 10, 2080. However, the BOD meeting on Ashwin 29 decided to cancel the previous proposal and instead put forward a new plan to issue 1:2 or 200% right shares based on the current paid-up capital.
DHPL has also specified its intention to invest 51% of the capital generated from the right issue into the Five Khapan Hydropower project. The company cites the need to clear outstanding loans acquired from banks as a primary reason for this decision.
It’s important to note that the implementation of this decision is contingent on approval from the relevant regulatory authorities and subsequent endorsement at the upcoming Annual General Meeting (AGM) of the company.
In terms of financial performance, DHPL reported a net loss of Rs 3.82 Crore while generating revenue of Rs 8.60 Crores from power sales. The company has a power generation capacity of 3.3 MW.
As of the latest available data, DHPL’s stock closed at Rs. 142 in the previous trading session.
During the most recent trading session on the Nepal Stock Exchange (NEPSE), the NEPSE Index concluded at 1,864.62 points, marking a significant increase of 13.18 points or 0.71% when compared to the previous day’s closing figure. The index had experienced a notable loss of 23.16 points during the preceding trading session.
The day’s trading began with the index opening at 1,851.18 points, subsequently reaching an intraday low of 1,851.03 points. However, it managed to climb to an intraday high of 1,884.67 points before the trading session ended.
In the course of today’s trading activities, a total of 289 different stocks were traded through 45,456 transactions. The total volume of shares exchanged amounted to 3,813,233 units, resulting in a collective turnover of Rs. 1 Arba. The overall market capitalization was reported at Rs. 28.61 Kharba, and the float market capitalization stood at Rs. 10.03 Kharba.
Hathway Investment Nepal Limited (HATHY) boasted the highest turnover for the day, with transactions totaling Rs. 4.62 crores, and it closed at a market price of Rs. 284.
Furthermore, NIBL Pragati Fund (NIBLPF) exhibited the most substantial gain, with an impressive 7.35% increase, closely followed by Swet-Ganga Hydropower & Construction Limited (SGHC), which recorded a gain of 6.91%.
On the flip side, Hathway Investment Nepal Limited (HATHY) experienced the most significant loss, falling by 8.53%.
Regarding sector indices, three sectors concluded in the red, with the “Trading Index” showing the most substantial loss at 1.25%. Conversely, the “Finance Index” demonstrated the highest gain, recording a 1.30% increase.
Nepal Rastra Bank, the central bank of Nepal, has released an overview of the current macroeconomic and financial situation in Nepal, based on data from the first two months ending in mid-September 2023.
Inflation and Forex Reserves:The central bank reported an estimated year-on-year inflation rate of 8.19%. Nepal’s gross foreign exchange reserves stood at $12.01 billion, while total imports and exports declined by 5.1%, leading to a 4.7% reduction in the trade deficit.
Concessional Loans: As of mid-September 2023, concessional loans amounted to NPR 195.62 billion, benefiting 144,758 borrowers, with a significant portion directed toward commercial agriculture, livestock, and women entrepreneurs.
Stock Market: The NEPSE index in mid-September 2023 reached 1964.9, compared to 1910.4 in the same period the previous year.
Inflation: Consumer price inflation for the same period was 8.19%, down from 8.64% the previous year. Wholesale price inflation also decreased significantly to 4.78%.
Imports and Exports: Merchandise exports saw a 7.8% decrease in the first two months of 2023/24, while imports decreased by 5.1%. Exports to India declined, but exports to China and other countries increased.
Services and Remittance: Nepal experienced a deficit in net services income, while remittances increased by 22.1%.
Inter-bank Transactions:Interbank transactions, including those among commercial banks and other financial institutions, have seen a substantial increase.
Oil and Gold Prices:The international price of oil increased, while gold prices also rose.
Foreign Exchange Reserves: Gross foreign exchange reserves showed growth, covering a substantial portion of imports and other financial indicators.
Exchange Rate:The Nepalese currency depreciated slightly against the US dollar.
Government Expenditure and Revenue: The government’s expenditure and revenue figures were reported, providing insights into the country’s financial activities.
Banking and Credit: Domestic credit decreased slightly, and the monetary sector’s claims on the private sector increased by 1.7%.
Interest Rates: Various banking sectors reported their average base rates, which showed some variations compared to the previous year.
Balance of Payments: The Balance of Payments (BOP) reflected a surplus, contrasting with a deficit from the same period in the previous year.
This comprehensive report offers a detailed insight into Nepal’s economic and financial landscape during the initial two months of the fiscal year 2023/24.
The IPO allotment for Mathillo Mailun Khola Jalvidhyut Limited is scheduled for this Friday, specifically on the 3rd of Kartik, 2080. The allotment process will take place at the premises of the issue manager, Sanima Capital, located in Kathmandu.
Out of the total offering of 15,09,200 units, a portion of 1,50,000 units has been earmarked for Nepalese citizens working abroad, while another 75,000 units have been allocated for mutual funds. The remaining 12,84,200 units are set aside for the general public, with each unit valued at its par value of Rs 100.
Data from the Central Depository and Clearing Company (CDSC) reveals that a staggering 12,51,183 applicants have applied for a total of 13,901,800 units, amounting to Rs. 1.39 Arba. Consequently, it’s evident that the offering has been significantly oversubscribed by a factor of 10.83 times up until the closing day.
Analyzing these statistics, it becomes apparent that only 1,28,420 fortunate applicants will be granted ownership of shares in the company.
CARE Ratings Nepal Limited (CRNL) has bestowed a rating of ‘CARE-NP BB-‘ upon Mathillo Mailun Khola Jalvidhyut Limited. This rating signifies that issuers with this rating are associated with a moderate level of risk regarding their ability to meet financial obligations punctually within the context of Nepal.
Maruti Cements Limited has officially announced its 29th Annual General Meeting (AGM), scheduled to be held on the 21st of Kartik, 2080, at the company’s headquarters in Biratnagar, commencing at 11:30 AM.
A key focus of the AGM is the company’s proposal to distribute a 10% cash dividend, inclusive of applicable taxes, to its preferred shareholders. This dividend will be sourced from the profits and accumulated profits earned during the fiscal year 2079/080. Furthermore, the company is planning to grant bonus shares to its shareholders, as suggested by the Board of Directors, although the specific percentage is not mentioned in the notice.
The AGM will also address the potential conversion of the company’s existing preference shares into ordinary shares, a proposal initiated by the board of directors. This conversion is subject to the profits and accumulated profits from the year 2079/80. At present, the company holds 30,00,000 (Thirty Lakh) Preference Shares, each valued at Rs 100.
In addition to these matters, the company intends to offer rights to the paid-up capital once the bonus shares and preference share conversion processes are finalized. Subsequently, Maruti Cements Limited has expressed its intention to proceed with the issuance of an Initial Public Offering (IPO) at a premium.
Maruti Cements Limited boasts an annual installed capacity of 0.456 million metric tons, contributing to a significant 3.042% of the national installed capacity. It’s noteworthy that Gravity Sales Pvt. Ltd., an Indian-based company, holds a substantial 21% stake in the company. The enterprise is under the management of industrialists and trading sectors in Nepal, with affiliations to the Rathi group and Goyal group of companies, and all shares are held by the promoters. Notably, Mr. Nand Kishore Rathi is the Chairman of the company and is well-regarded, with ties to NMB Bank and Kumari Bank.
1. First of first, How long does an company takes to announce the result of the ipo after the closing date?
2. and after the result is announced, How long does it takes that stock to be listed in the stock market?
3. can trade that stock from the day one of the that stock being listed in the market?
I hope and I’ll get the answers and thanks already
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