So I got a call from Prabhu steels and hydro equipment company about it’s ipo coming and if I would like to apply for some shares ? Was it a legit call or a scam? Also should I invest if it’s legit ???
Edit: so I checked their website and the no. from which I received the call from was there so I doubt it’s a scam
View on r/NepalStock by Rkliii
Nepal Warehousing Company is set to conclude the issuance of its Initial Public Offering (IPO) for Foreign Nepalese Immigrants today, marking the 24th of Kartik as the closing day. The IPO, which opened on the 10th of Kartik, 2080, has a total issued capital of Rs. 68.75 Crores. Of this, 20%, equivalent to 13,75,000 unit shares worth Rs. 13.75 Crores, will be allocated for the general public. Within this public issue, 10% of the shares, totaling 1,37,500 units, have been earmarked for Nepalese citizens working abroad, and the subscription for this segment will close today.
Out of the 13,75,000 units, 68,750 units (5% of the total) are reserved for mutual funds, and 27,500 units (2% of the total) are designated for the company’s employees. The remaining 11,41,250 units are available for the general public. Himalayan Capital is appointed as the issue manager for the IPO, with a minimum application quantity of 10 units and a maximum of 50,000 units.
As per the Central Depository and Clearing Company (CDSC), substantial interest has been seen in the IPO, with 32,605 applicants applying for a total of 7,86,220 units. Consequently, the issue has already been oversubscribed by 5.71 times as of 10 AM today.
ICRA Nepal has reaffirmed the issuer rating of [ICRANP-IR] BB- to Nepal Warehousing Company Limited. This rating suggests a moderate risk of default regarding the timely servicing of financial obligations for the company.
Established under the Company Act, 2063 of Nepal, Nepal Warehousing Company aims to address the warehousing needs of farmers, traders, millers, and businessmen involved in grain trade for commercial and industrial purposes. The company seeks to combat post-harvest losses, maintain product quality, and address the challenge of preserving grains in a conducive environment. To achieve this, the company has installed high-quality silos with a capacity of 55,000 MT at three different locations in provinces 1, 2, and Lumbini province.
In its recent disclosure of first-quarter financial results for the fiscal year 2080/2081, Citizen Life Insurance Company Limited (CLI) has reported a modest performance, revealing a 1.60% increase in net profit compared to the corresponding quarter of the previous year. The company’s net profit rose from Rs. 7.03 crores to Rs. 7.14 crores in the reported quarter.
According to the unaudited report, Citizen Life maintains a robust financial position with a paid-up capital of Rs. 3.75 Arba and a share premium of Rs. 1.55 Arba. Additionally, the company holds Rs. 65.14 crore in retained earnings, Rs. 70.43 crore in other equity, and Rs. 14.5 crore in the contingent fund.
The net premium of the company experienced a healthy uptick, marking a 3.46% increase to Rs. 1.42 Arba in FY 2080/81 compared to the corresponding quarter of the previous year. Furthermore, Citizen Life generated Rs. 26.64 crores from income derived from investments, loans, and other financial headings.
However, the company also reported an 11.10% increase in net claims, reaching Rs. 1.28 Arba in the first quarter of the fiscal year 2080/2081. The total number of policies held by the company stood at 207,261 as of the end of Q1.
Key financial indicators include an annualized earnings per share (EPS) of Rs. 7.63 and a net worth per share of Rs. 181.41. The company’s stock traded at a P/E multiple of 52.33 times.
Citizen Life recently issued 90,00,000 unit IPO shares at a premium price of Rs. 244 per share to the general public, with the subscription window open from the 15th to the 19th of Bhadra, 2080.
Muktinath Krishi Company Limited is concluding the issuance of its Initial Public Offering (IPO) for Foreign Nepalese Immigrants today, marking the 24th of Kartik as the closing date. The IPO was initiated on the 10th of Kartik, 2080.
With an issued capital of Rs. 70 Crores, the company plans to issue 14,00,000 unit shares worth Rs. 14 Crores to the general public, constituting 20% of the total capital. Specifically, 10% of these shares, totaling 140,000 units, have been earmarked for Nepalese citizens working abroad, and the application period for this segment is set to close today.
NIMB Ace Capital serves as the appointed issue manager for this IPO. Interested applicants can apply for a minimum of 10 units and a maximum of 1,000 units. According to information from the Central Depository and Clearing Company (CDSC), the IPO has garnered substantial interest, with 32,883 applicants applying for a total of 7,70,900 units. Consequently, the issue has been oversubscribed by 5.50 times as of now.
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 implies a moderate risk of default regarding the timely servicing of financial obligations for the company.
Muktinath Krishi Company is closely associated with Muktinath Bikash Bank, being the first public agricultural company established in 2075. The company’s mission is to play a managerial role in the agricultural value chain through campaigns such as “Krishak sanga Muktinath” and “Upabhoktaa sanga Muktinath,” aiming to enhance Nepal’s agricultural economy. Operating across more than 70 districts, with over 200 distribution channels and Agricultural Resource Centers, the company provides goods and services to support agricultural development nationwide.
The Initial Public Offering (IPO) of Unnati Sahakarya Laghubitta is set to conclude today and has witnessed overwhelming response from investors, being oversubscribed by 61.90 times as of now.
As the closing date of the IPO approaches, Unnati Sahakarya Laghubitta has garnered remarkable interest from the investing community, with the subscription rate reaching an impressive 61.90 times. This signifies that the demand for the IPO shares far exceeds the number of shares available for the public offering.
The oversubscription of the IPO suggests a high level of confidence and interest among investors in Unnati Sahakarya Laghubitta, reflecting positive sentiments towards the company’s prospects. The strong response is indicative of the market’s eagerness to participate in the growth and potential of the organization. Investors are keenly eyeing the financial and operational opportunities presented by Unnati Sahakarya Laghubitta, contributing to the substantial oversubscription of the IPO.
Unilever Nepal Limited (UNL) has disclosed its financial outcomes for the first quarter of the fiscal year 2080/81, showcasing an impressive 62.21% surge in net profit. The company reported a substantial growth, with net profit increasing from Rs. 34.06 Crores to Rs. 55.25 Crores in Q1 of FY 2080-81. Additionally, the revenue for the first quarter of FY 2080/81 demonstrated healthy growth, reaching Rs. 2.32 Arba, reflecting a growth rate of 3.75%.
Despite the positive performance, the financial report highlights a decline of 31.78% in other incomes, which amounted to Rs. 2.79 Crores during the same period. The paid-up capital of UNL remained steady at Rs. 9.21 Crores, while retained earnings were reported at Rs. 4.82 Arba in Q1 of FY 2080-81. The financial health of the company is underscored by an annualized earnings per share (EPS) of Rs. 2,399.57 and a Net worth per share of Rs. 5,335. The PE ratio is noted at Rs. 15.
The major financial highlights in the report encompass various aspects, including paid-up capital, other equity (retained earnings), property, plant and equipment, investment in fixed deposits, trade receivables, cash and cash equivalents, inventories, revenue from operation, other income, other expenses, and net profit. The annualized EPS reflects the company’s performance on a per-share basis, while the net worth per share indicates the financial strength on a per-share basis. The quarter-end P/E ratio is reported at 15.0.
This comprehensive financial analysis provides insights into UNL’s robust financial performance for the first quarter of FY 2080/81, highlighting its growth in net profit and revenue, as well as notable figures related to equity, assets, and earnings per share.
In the recently released financial report for the first quarter of fiscal year 2080/81, Himalayan Distillery Limited (HDL) revealed a substantial 51.24% decline in net profit, dropping to Rs 10.51 crore from Rs 21.5 crore in the corresponding quarter of FY 2079/80. The company faced a notable downturn in revenue, experiencing a 29.70% decrease to Rs 97.18 crore in Q1 2080/81, compared to Rs 1.38 arba in the same quarter of FY 2079/80. Despite this challenging financial scenario, HDL saw a positive surge in other operating income, marking a 73.25% increase to Rs 59.11 lakhs from Rs 34.12 lakhs in the previous year.
As outlined in the financial report, Himalayan Distillery’s share capital currently stands at Rs 2.42 Arba, with other equity amounting to Rs 1.03 Arba. Key financial metrics include an annualized Earnings Per Share (EPS) of Rs 17.32, reflecting the company’s performance on a per-share basis. However, the quarter-end Price-to-Earnings (P/E) ratio stands at 107.22 times. The net worth per share is reported at Rs 142.41.
The report also provides a detailed breakdown of major financial highlights, showcasing changes in paid-up capital, other equity, property, plant and equipment, investment, trade receivables, revenue from operation, other income, administration expenses, selling and distribution expenses, and net profit. The annualized EPS is noteworthy, indicating the company’s earnings per share on an annual basis. The net worth per share has decreased to Rs 142.41, reflecting a 29.37% decline. The quarter-end P/E ratio is reported at 107.22.
In terms of liquidity, the report highlights a liquidity ratio of 8.46. This comprehensive financial overview provides a detailed analysis of Himalayan Distillery Limited’s performance and financial health for the first quarter of the fiscal year 2080/81.
Api Power Company Limited (API) has successfully listed 1,65,33,137 units of right shares on the Nepal Stock Exchange (NEPSE). The company had previously issued a 1:0.4 ratio right share to its shareholders, allowing them to apply for these shares from the 31st of Shrawan to the 19th of Bhadra, 2080. Out of the total right shares available, which amounted to 1,65,33,137 units, eligible shareholders submitted applications for 1,53,38,203 units. The allotment of shares was then carried out based on the received applications.
Following the allotment, API conducted an auction for the remaining 11,94,934 units of unsubscribed right shares, which took place from the 17th to the 24th of Ashwin, 2080. Muktinath Capital served as the auction manager for this process. As of the latest update, API is trading at a Last Traded Price (LTP) of Rs. 168.
Similarly, Multipurpose Finance Company Limited (MPFL) has listed 15,82,000 units of right shares on NEPSE. The company had earlier issued a 1:0.35 ratio right share to its shareholders, allowing applications from the 10th to the 31st of Bhadra, 2080. Out of the total right shares offered, eligible shareholders applied for 1,439,227 units, and the allotment was done accordingly.
Subsequently, MPFL conducted an auction for the remaining 1,42,773 units of unsubscribed right shares, which took place from the 29th of Ashwin to the 13th of Kartik, 2080. Muktinath Capital served as the auction manager for this process as well. As of the latest update, MPFL is trading at an LTP of Rs. 278.
Shine Resunga Development Bank Limited (SHINE) has announced its 15th Annual General Meeting (AGM) scheduled for the 23rd of Mangsir, 2080. The venue for the meeting is set at Dreamland Gold Resort & Hotel Pvt. Ltd. in Manigram, Rupandehi, commencing at 11 a.m. on the specified day.
One of the key items on the AGM agenda is the approval of an 11.05% dividend for the fiscal year 2079/80. The proposal for this dividend was put forth during the bank’s 280th board meeting held on the 23rd of Ashwin 2080. The proposed dividend is calculated based on the bank’s paid-up capital, which currently stands at Rs. 4.28 Arba. The dividend comprises 10.5% bonus shares valued at Rs. 44.98 crores and 0.55% cash dividend (inclusive of tax) amounting to Rs. 2.36 crores.
Additionally, the AGM will address various other matters, including the endorsement of the auditor’s report containing Profit and Loss statements, financial reports, and cash flow reports for the fiscal year 2079/80. The appointment of an auditor for the upcoming fiscal year 2080/81 is also on the agenda. Furthermore, there will be a discussion about identifying suitable banks and financial institutions for potential merger and acquisition opportunities with Shine Resunga Development Bank.
Shareholders are reminded that the book closure date is from the 11th to the 23rd of Mangsir, 2080. Only shareholders recorded on this day are eligible for the dividend payout and are invited to attend the AGM.
Miteri Development Bank Limited (MDB) has put forward a dividend proposal for the fiscal year 2079/80, suggesting a dividend payout of 10%. This proposal emerged following the deliberations of the 234th board of directors meeting, which took place on Kartik 22. The proposed dividend pertains to the paid-up capital of the bank, which stands at Rs. 1.01 Arba. Within this 10% dividend allocation, 9.5% will be distributed in the form of bonus shares, while the remaining 0.5% will be disbursed as a cash dividend, primarily for tax purposes.
It’s important to note that the final distribution of this proposed dividend is contingent on approval from the central bank and subsequent endorsement during the company’s upcoming Annual General Meeting (AGM). As of the latest available data, MDB’s Last Traded Price (LTP) stands at Rs. 392.30. For reference, the bank’s dividend history is not provided in the available information.
The price of gold has witnessed a decline of Rs. 1,000 per tola as reported by the official website of the Federation of Nepal Gold and Silver Dealers’ Association. The current market rate for fine gold stands at Rs. 1,13,700 per tola, marking a notable drop from the previous day’s rate of Rs. 1,14,700 per tola. Similarly, Tejabi gold is currently being traded at Rs. 1,13,150 per tola, compared to the unchanged rate of Rs. 1,14,150 per tola observed the previous day.
Furthermore, the price of silver has also experienced a decrease, with the current market rate at Rs. 1,380 per tola. This represents a Rs. 5 decrease from the closing rate of Rs. 1,385 per tola recorded on the previous day. In the global market, the present price of gold is USD $1,948.20, while silver is trading at $22.39 per ounce.
The current promoter of Prabhu Bank Limited (PRVU) is initiating an auction of 563,778 units of shares for interested individuals and institutions, starting from the 23rd of Kartik, 2080. These shares will be made available to the general public for bidding in the absence of offers from existing founder shareholders within the specified timeframe. Bidders are required to submit their bids at the company’s central office in Babarmahal, Kathmandu, within 15 days from the publication date of the notice. PRVU is currently trading at an LTP of Rs. 155.40.
In a separate auction, the existing promoter of Prabhu Bank Limited is also offering 399,710 units of shares to its promoter shareholders, commencing on the same date, the 23rd of Kartik, 2080. Interested promoter shareholders have 35 days from the notice’s publication date to participate in the auction, submitting their bids at the company’s central office. Should no offers be received from existing founder shareholders within the stipulated period, the shares will subsequently be made available for auction to the general public or institutions.