Year: 2023

  • Citizens Bank International Limited Initiates Auction of Promoter Shares: Exclusive Opportunity for Existing Promoter Shareholders

    Citizens Bank International Limited Initiates Auction of Promoter Shares: Exclusive Opportunity for Existing Promoter Shareholders


    The current promoter of Citizens Bank International Limited (CZBIL) has initiated the auction of 70,490.61 units of shares, exclusively available to interested existing promoter shareholders, starting today.

    Ila Sharma plans to divest 70,490.61 units of promoter shares, and the auction is open exclusively to current promoter shareholders. The minimum bid rate for the auction has been set at Rs. 150. Those interested in participating in the auction are urged to submit their bids within 35 days from the publication date of this notice, i.e., by the 18th of Mangsir.

    To participate, shareholders are required to submit their bids at the central office of the bank, situated at Narayanhiti Path, Kathmandu. In the event that no bids are received from the existing founder shareholders within the stipulated timeframe, the shares will subsequently be made available for auction to the general public.

    As of the last trading day, CZBIL closed at Rs. 162. Additionally, CZBILP reported a Last Traded Price (LTP) of Rs. 108.00 as of October 1, 2023.

     

  • Nepalese Gold Market Hits Record High: Fine Gold Peaks at Rs. 1,21,600 per Tola

    Nepalese Gold Market Hits Record High: Fine Gold Peaks at Rs. 1,21,600 per Tola


    The Nepalese gold market experienced an extraordinary surge, reaching an unprecedented peak on December 4, 2023. The Federation of Nepal Gold and Silver Dealers’ Association reported an astonishing single-day increase of Rs. 800, driving the price of fine gold to an extraordinary level of Rs. 1,21,600 per tola.

    Just a day earlier, on December 3, 2023, fine gold had already achieved a historic high of Rs. 1,20,800 per tola, setting a record at that time. Another coveted variant, Tejabi gold, also witnessed a notable uptick, currently valued at Rs. 1,21,000 per tola, up from its previous rate of Rs. 1,20,200.

    In contrast to the gold rally, the price of silver has remained stable at Rs. 1,545 per tola.

    The surge in gold prices in the domestic market is in line with the global trend, where gold is now priced at $2,088.00 per ounce. This surge has had a significant impact on the domestic bullion market. Concurrently, silver is being traded at $25.47 per ounce on the international market.

  • Unnati Sahakarya Laghubitta Lists 1,78,451.18 FPO Shares on NEPSE with LTP of Rs. 671

    Unnati Sahakarya Laghubitta Lists 1,78,451.18 FPO Shares on NEPSE with LTP of Rs. 671


    Unnati Sahakarya Laghubitta Bittiya Sanstha Limited (USLB) has successfully listed 1,78,451.18 units of Further Public Offering (FPO) shares on the Nepal Stock Exchange (NEPSE). The microfinance institution had issued these FPO shares with a face value of Rs. 100 to the general public. The offering took place from the 21st Kartik to the 24th Kartik, utilizing the company’s paid-up capital of Rs. 22.9 crores. Subsequently, these FPO shares are now officially listed on the NEPSE.

    At the time of reporting, Unnati Sahakarya Laghubitta Bittiya Sanstha Limited (USLB) has a Last Traded Price (LTP) of Rs. 671 per share. The successful listing marks a significant development for the company in the stock market.

  • People’s Power Limited Announces 50% Right Share Issuance for Capital Expansion and Project Development

    People’s Power Limited Announces 50% Right Share Issuance for Capital Expansion and Project Development


    In accordance with the decision made during the Board of Directors meeting of People’s Power Limited (PPL), the company has resolved to issue right shares at a ratio of 1:0.5, equivalent to 50% of the existing shares.

    The decision, made during the meeting held on Mangsir 17, entails the issuance of 50% right shares based on the current paid-up capital of Rs. 63.26 Crores. Consequently, upon the issuance of 31,63,000 units of right shares, the company’s paid-up capital will be revised to Rs. 94.89 Crores.

    The company has expressed its intention to utilize the funds raised for various purposes, including ongoing project maintenance, resolving payment discrepancies, exploring new projects, identifying investment opportunities, creating employment, and contributing to national capital through equity rights. However, it’s important to note that the issuance of these right shares is subject to approval from regulatory bodies, particularly the Electricity Regulatory Commission.

    As of the latest available information, PPL concluded its last trading day at Rs. 214.20.

  • NEPSE Index Records Minor Losses as Stock Market Sees Mixed Performances

    NEPSE Index Records Minor Losses as Stock Market Sees Mixed Performances


    The Nepal Stock Exchange (NEPSE) Index recorded a decline of 3.42 points, equivalent to 0.18%, compared to the previous day’s closing, settling at 1,847.81 points. The index had experienced a loss of 7.29 points in the trading session immediately preceding this.

    The trading day commenced with the index opening at 1848.71, reaching an intraday low of 1,843.37, and attaining an intraday high of 1,859.32.

    Throughout today’s trading activities, 292 different stocks were traded in 43,428 transactions. The volume of shares traded amounted to 3,896,287, resulting in a total turnover of Rs. 1.19 Arba. The market capitalization stood at Rs. 28.49 Kharba, with a float market capitalization of Rs. 9.92 Kharba.

    Sonapur Minerals And Oil Limited (SONA) led in turnover, reaching Rs. 7.46 crores, and closed at a market price of Rs. 300.20.

    Similarly, Samaj Laghubittya Bittiya Sanstha Limited (SAMAJ) showed the highest gain of 8.06%, followed by NMB Debenture 8.50% – 2087/88 (NMBD87/88) with a gain of 5.98%.

    Conversely, NRN Infrastructure and Development Limited (NRN) and Mountain Energy Nepal Limited (MEN) experienced the highest loss of 9.99% during today’s trading.

    In terms of sector indices, 8 sector indices concluded in negative territory, with Banking and Other sectors losing the most at 0.62%. On a positive note, the Life Insurance Index registered the highest gain, increasing by 0.97 percent.

  • Chirkhwa Hydropower ko IPO pareko 2 months badi vaisakyo, ajai portfolio ma dekhaudaina ta? What’s going on? Do anybody have an idea?

    Chirkhwa Hydropower ko IPO pareko 2 months badi vaisakyo, ajai portfolio ma dekhaudaina ta? What’s going on? Do anybody have an idea?


    Title

    View on r/NepalStock by ayudraws

  • Akpl ko right share demat ma kahile aauxa?

    Akpl ko right share demat ma kahile aauxa?


    Yekdam dherai time Vai sakyo ta akpl ko right share ko paisa kateko Tara ajhan Pani demat ma ako xaina? Mero matrai hoki kasaiko ni naako?

    View on r/NepalStock by Mystery2058

  • Daily Discussion Thread (Monday – Dec 04, 2023)

    Daily Discussion Thread (Monday – Dec 04, 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

  • 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