Day: December 3, 2023

  • Terhathum Power Company Limited Announces 6th AGM and Right Share Issuance Plans

    Terhathum Power Company Limited Announces 6th AGM and Right Share Issuance Plans


    Terhathum Power Company Limited (TPC) has announced its 6th Annual General Meeting (AGM) scheduled for the 21st of Poush, 2080 (January 6, 2024). The meeting is slated to commence at 12:30 p.m. and will take place at the Company Register Office in Battisputali, Kathmandu.

    The key agendas for the AGM include the endorsement of the company’s annual report, approval of the auditor’s report for the fiscal year 2079/080, encompassing profit and loss statements, financial reports, and cash flow statements. Additionally, the meeting will address the appointment of auditors and the determination of their remuneration for the upcoming fiscal year 2080/81. The agenda also includes miscellaneous matters for discussion.

    In addition to the AGM proceedings, there is an agenda pertaining to the issuance of right shares at a ratio of 1:1 on the paid-up capital amounting to Rs. 40 Crores. The book closure date has been set for the 28th of Mangsir. Shareholders who maintain their positions before this date will be eligible to participate in the AGM and engage in the decision-making processes.

  • IPO Allotment Details for Muktinath Krishi Company Limited: Oversubscribed Offering and Issuer Rating

    IPO Allotment Details for Muktinath Krishi Company Limited: Oversubscribed Offering and Issuer Rating


    The IPO allotment for Muktinath Krishi Company Limited is scheduled for this Tuesday, on the 19th of Mangsir, 2080. The allotment event will be conducted at the premises of the issue manager, NIMB Ace Capital Limited, located in Kathmandu.

    Out of the total 14 lakh units offered, 10% (1,40,000 units) has already been assigned to Nepalese citizens working abroad. Additionally, 3% (42,000 units) was reserved for the company’s employees, and 5% of the total offered shares (70,000 units) were allocated to mutual funds. The remaining 11,48,000 units were made available to the general public at a par value of Rs. 100.

    According to the Central Depository and Clearing Company (CDSC), a substantial 10,57,828 applicants applied for a total of 1,15,23,150 units, equivalent to Rs. 1.15 Arba, by the closing day. This indicates an oversubscription rate of 10.03 times the offering.

    Analyzing the data, it becomes evident that only 1,14,800 fortunate applicants will be granted ownership of the company. ICRA Nepal has reaffirmed the issuer rating of Muktinath Krishi Company Limited at [ICRANP-IR] BB- (pronounced ICRA NP Issuer Rating Double B minus). This rating suggests that issuers with this designation are deemed to carry a moderate risk of default in terms of fulfilling their financial obligations in a timely manner.

  • Nepal Stock Exchange Reports Marginal Decline: Market Highlights and Sector Performance

    Nepal Stock Exchange Reports Marginal Decline: Market Highlights and Sector Performance


    The Nepal Stock Exchange (NEPSE) Index experienced a decrease of 7.29 points, equivalent to 0.39% from the previous day’s closing, settling at 1,851.23 points. In the preceding trading session, the index had incurred a loss of 18.06 points. The day commenced with an opening index of 1858.47, reaching an intraday low of 1,837.85 and a high of 1,861.67.

    During today’s trading session, a total of 293 different stocks were exchanged in 36,977 transactions, resulting in the trading of 3,419,073 shares and a total turnover of Rs. 9.64 arba. The market capitalization, based on float, stood at Rs. 9.94 Kharba, contributing to an overall market capitalization of Rs. 28.54 Kharba.

    Sonapur Minerals And Oil Limited (SONA) claimed the highest turnover for the day at Rs. 6.95 crores, with a market price of Rs. 295. Meanwhile, Three Star Hydropower Limited (TSHL) emerged as the highest gainer, marking a growth of 9.63%, followed by Sabaiko Laghubitta Bittiya Sanstha Limited (SABSL) at 9.04%.

    Conversely, Mountain Energy Nepal Limited (MEN), United IDI Mardi RB Hydropower Limited (UMRH), and NRN Infrastructure and Development Limited (NRN) suffered the most substantial losses, each recording a decline of 9.99% and 9.98%, respectively.

    In terms of sector performance, all sector indices concluded in negative territory, except for the “Microfinance Index,” which saw a modest gain of 0.06%. Notably, the “Mutual Fund” sector experienced a loss of 1.25%.

  • Mountain Energy Nepal (MEN) Lock-in

    Mountain Energy Nepal (MEN) Lock-in


    MEN ko lock-in sakkepaxi ni kina sell garna milexaina? Kei process garna parxa ra kholna lai?

    View on r/NepalStock by niko74

  • Daily Discussion Thread (Sunday – Dec 03, 2023)

    Daily Discussion Thread (Sunday – Dec 03, 2023)


    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.!<

    BEGINNER? [**Go here first!**](https://www.reddit.com/r/NepalStock/wiki/beginners-guide)

    ALL OTHER **INDIVIDUAL** POSTS ASKING:

    * what to buy or sell,
    * or what bank to buy,
    * or what insurance to buy,
    * yo share kati samma mathi jancha hola
    * IPO ma pareko yo share kun din bechda ramro hola, ajhai 1-2 din parkhine ki nai etc.

    will be deleted. Repeat violators will be banned.

    Happy Investing!

    View on r/NepalStock by AutoModerator