Year: 2023

  • Revival of Real Estate Expo: Unveiling Trends, Solutions, and Innovations in Nepal’s Property Market

    Revival of Real Estate Expo: Unveiling Trends, Solutions, and Innovations in Nepal’s Property Market


     

    The Nepal Land and Housing Development Association has announced the revival of the ‘Real Estate Expo,’ scheduled to run for four days starting Thursday. The event, previously halted since 2076 due to the COVID-19 pandemic, is expected to provide valuable insights into the current state of the real estate industry, along with addressing its challenges and solutions.

    Bidur Dhamala, President of the association and Coordinator of the Fair Coordinator Committee, highlighted the expo’s role in contributing to the development and expansion of the real estate business. The event aims to bring together businesses and consumers involved in scientific, orderly, and safe land development and urbanization for construction.

    The association envisions the expo as a platform where significant contributors to the real estate sector can showcase their latest products and services, fostering information exchange and networking. With a target turnover of 2.5 arba rupees during the four-day fair, the event will feature 60 stalls representing earthquake-resistant houses and apartments, land planning and development, construction material manufacturers and sellers, engineering and architecture consultants, as well as banking and insurance companies.

    Businesses specializing in electrical goods, furniture, pipes, sanitary ware fittings, paints, vehicles, decorative items, and insurance, banking, and architecture will participate in the expo, displaying their products and offering related consulting services.

    The ‘Real Estate Expo’ is poised to be a significant event for industry stakeholders, providing a platform for collaboration, knowledge-sharing, and showcasing the latest advancements in the real estate sector.

     

  • A silly question in this platform…

    A silly question in this platform…


    Everyday eeuta or duita company le positive circuit hanirako hunxa Jun maile namm suneko Pani hudaina Ra specifically mero PORTFOLIO ma na vayeko….So how these things actually work ani how could I know the possibilities of any individual company?

    View on r/NepalStock by Jealous-Ice-12

  • 25 + 25 shares in debenture…….

    25 + 25 shares in debenture…….


    Suru suru ma khaaai thanai na Huda awareness ko kami le duita debenture ma paisa haleko thiya (it’s about 2 years ago)ani 2088 ma return aaune date raixa … So is there any method kei gari I can sell these debenture shares??

    View on r/NepalStock by Acrobatic_Pianist256

  • No Delivery Trades problem while transferring share .

    No Delivery Trades problem while transferring share .


    Aaja 3-4 ota stock sale gareko aru transfer bhayo but CITY ra TAMOR ko No Delivery Trades ma aako xa kina hola . transfer garna namilera closeout ma parne ta haina ?

    View on r/NepalStock by Worldly-Tea-2780

  • Market Weekend Discussion (Thursday Dec 28 – Saturday Dec 30, 2023)

    Market Weekend Discussion (Thursday Dec 28 – Saturday Dec 30, 2023)


    Use this post to discuss what to buy/sell/trade/avoid/watch this weekend 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)

    DO NOT MAKE SEPARATE **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

  • Himalayan Reinsurance IPO Allotment Concluded: Oversubscribed 1.2 Times with Strong Investor Interest

    Himalayan Reinsurance IPO Allotment Concluded: Oversubscribed 1.2 Times with Strong Investor Interest


    The allocation of Initial Public Offering (IPO) shares for Himalayan Reinsurance Limited has been finalized at Taj Reception in Baluwatar, Kathmandu. The company had issued 2,49,00,000 units of IPO shares at a price of Rs. 206 per share (Rs. 100 face value + Rs. 106 premium) to the general public from Mangsir 27 to Poush 2, 2080.

    Out of the total 3,00,00,000 units offered, 10% (30,00,000 units) were issued from 4th to 18th Mangsir and allotted to Nepalese Citizens working abroad on 24th Mangsir. Additionally, 2% (6,00,000 units) were reserved for the company’s employees, and 5% (15,00,000 units) were set aside for mutual funds. The remaining 2,49,00,000 units were made available to the general public. NMB Capital Limited served as the issue manager for the IPO.

    The IPO garnered significant interest, with 15,64,564 valid applicants applying for a total of 2,99,97,720 units, resulting in oversubscription by more than 1.2 times. The allotment process included a lottery for applicants who applied up to 34,050 units, with 10 extra units allocated. Out of 96,538 lottery-eligible applicants, 29,021 were allotted the additional units.

    The IPO result and allotment details can be accessed through CDSC IPO Result, MeroShare, and NMB Capital Limited. ICRA Nepal has affirmed an issuer rating of [ICRANP-IR] A- for Himalayan Reinsurance Limited, indicating a satisfactory level of safety in meeting financial obligations.

    Himalayan Reinsurance Limited, established in 2021, is the second reinsurance company to issue an IPO in Nepal. It specializes in providing reinsurance support to both Life and Non-Life Insurance Companies within Nepal and internationally. The company’s prominent promoters include leading business conglomerates and financial institutions such as Golchha Group, Shanker Group, Infinity Holdings, Lucky Group, and others.

  • Prudential Capital Initiates Auction for Promoter Shares in Six Financial Institutions

    Prudential Capital Initiates Auction for Promoter Shares in Six Financial Institutions


    Prudential Capital Management Company Limited has initiated the auction of promoter shares from six financial institutions, namely Prabhu Bank Limited (PRVU), ICFC Finance Limited (ICFC), Nepal Life Insurance Company Limited (NLIC), Nepal Investment Mega Bank (NIMB), Kumari Bank Limited (KBL), and Prime Commercial Bank Limited (PCBL). The auction, spanning from the 11th Poush to the 19th Poush, 2080, is open to qualified interested parties, including promoter shareholders, the general public, and institutions.

    The auction involves 68,729 units of promoter shares from Prabhu Bank Limited, each with a minimum bid rate of Rs. 110 per unit. Interested bidders must meet a minimum bid quantity of 5,000 units. Similarly, Prudential Capital Management is offering 92,616 units of promoter shares from ICFC Finance Limited for auction, with a minimum bid rate set at Rs. 175 per unit and a minimum bid quantity of 10,000 units.

    For Nepal Life Insurance Company Limited, the auction encompasses 5,23,112 units of promoter shares, each available at a minimum bid rate of Rs. 325, and a minimum bid quantity of 10,000 units. Additionally, Prudential Capital Management is selling 1,09,678 units of promoter shares from Nepal Investment Mega Bank Limited with a minimum bid rate of Rs. 120 per unit and a minimum bid quantity of 10,000 units.

    The auction includes 5,49,626 units of promoter shares from Kumari Bank Limited, with a minimum bid rate set at Rs. 100 per unit, and a minimum bid quantity of 25,000 units. Furthermore, Prudential Capital Management is auctioning 49,717 units of promoter shares from Prime Commercial Bank Limited, with a minimum bid rate of Rs. 110 per unit and a minimum bid quantity of 5,000 units.

    Bidders are reminded to adhere to the regulations set by both Nepal Rastra Bank and Nepal Insurance Authority to ensure compliance with the specified quantity of shares per entity. Qualified interested parties, including promoter shareholders, the general public, and institutions, can participate in the auction until the 19th Poush. NIC Asia Capital Limited is designated as the auction manager for all six auctions.

  • Prudential Capital Initiates Auction of Shine Resunga Development Bank Promoter Shares

    Prudential Capital Initiates Auction of Shine Resunga Development Bank Promoter Shares


    Prudential Capital Management Company Limited has initiated the auction of 2,04,537 units of promoter shares belonging to Shine Resunga Development Bank Limited (SHINE). The auction commenced on the 11th of Poush, 2080.

    In this auction, the specified quantity of promoter shares for SHINE is 2,04,537 units, with a minimum bidding rate set at Rs. 120 per unit. Interested bidders must adhere to the minimum bid quantity of 5,000 units for promoter shares, while also complying with the Nepal Rastra Bank’s regulation limiting the share quantity per entity. The auction is open for participation by promoter shareholders, the general public, and institutions until the 19th of Poush.

    The auction management responsibility falls on NIC Asia Capital Limited.

    As of the latest available information, SHINE has a Last Traded Price (LTP) of Rs. 398.90.

  • NEPSE Ends Suspension on Muktinath Bikas Bank Securities Trading Following Dividend Disclosure Delay

    NEPSE Ends Suspension on Muktinath Bikas Bank Securities Trading Following Dividend Disclosure Delay


    NEPSE, the Nepal Stock Exchange Limited, has decided to end the suspension on the trading of securities for Muktinath Bikas Bank Limited (MNBBL). This follows a temporary pause resulting from MNBBL’s delayed submission of information related to the dividend declaration for the fiscal year 2079/80.

    In an official statement, NEPSE disclosed that MNBBL failed to provide timely details about the dividend declaration, a requirement stipulated by the Securities Listing Regulations, 2075. These regulations mandate that companies communicate notices, information, and decisions affecting securities prices to NEPSE on or before the day of business commencement.

    The decision regarding the dividend declaration for the fiscal year 2079/80 was made during MNBBL’s board meeting on the 5th of Poush. However, the information about this decision reached NEPSE a day later, on the 6th of Poush, leading to an immediate suspension of MNBBL securities trading. NEPSE sought clarification from MNBBL within a three-day timeframe.

    MNBBL responded to NEPSE’s inquiry, explaining that the delay was unintentional and was a result of coincidental timing. They clarified that the discussion on the dividend took place during the meeting at 4:30 P.M. on the 5th of Poush.

    Despite MNBBL’s clarification, NEPSE, in a decision dated 2080/09/11, issued a warning to MNBBL and directed the resumption of the suspended securities transactions. The warning underscores MNBBL’s obligation to fully comply with the Securities Listing Regulations, 2075, and its associated terms.

  • NEPSE Lifts Trading Suspension on Muktinath Bikas Bank: Resumes After Delayed Dividend Information

    NEPSE Lifts Trading Suspension on Muktinath Bikas Bank: Resumes After Delayed Dividend Information


    The Nepal Stock Exchange Limited (NEPSE) has lifted the trading suspension on Muktinath Bikas Bank Limited (MNBBL) securities. The company is set to resume trading activities following a brief halt caused by delayed submission of information related to the dividend declaration for the fiscal year 2079/80.

    According to an official statement from NEPSE, MNBBL failed to provide timely details about the dividend declaration, a requirement outlined in the Securities Listing Regulations, 2075. The regulations dictate that companies must submit notices, information, and decisions affecting securities prices to NEPSE on or before the day of business commencement.

    The decision regarding the dividend declaration for the fiscal year 2079/80 was made during MNBBL’s board meeting on the 5th of Poush. However, the information regarding this decision reached NEPSE a day later, on the 6th of Poush, prompting an immediate suspension of MNBBL securities trading. NEPSE, in response, sought clarification from MNBBL within a three-day period.

    MNBBL responded to NEPSE’s inquiry, explaining that the delay was unintentional and resulted from coincidental timing. They clarified that the discussion on the dividend occurred during the meeting at 4:30 P.M. on the 5th of Poush.

    Despite MNBBL’s explanation, NEPSE, in its decision dated 2080/09/11, issued a warning to MNBBL and instructed the resumption of the suspended securities transactions. The warning underscores MNBBL’s responsibility to fully adhere to the Securities Listing Regulations, 2075, and its associated terms.

  • NEPSE Index Faces Setback: Daily Market Recap and Sector Analysis in Nepal

    NEPSE Index Faces Setback: Daily Market Recap and Sector Analysis in Nepal


    The NEPSE Index in Nepal witnessed a setback, recording a loss of 17.23 points, equivalent to 0.82% from the previous day’s closing, ultimately settling at 2,070.84 points. The index had suffered a notable double-digit decline of 21.03 points in the trading session prior to this. The day commenced with the index opening at 2089.89, experiencing fluctuations throughout the day, reaching an intraday low of 2,055.35, and hitting an intraday high of 2,109.35.

    In the course of the day’s trading activities, a total of 307 different stocks were traded in 117,476 transactions. The volume of shares traded amounted to 14,337,738, generating a total turnover of Rs. 5.24 Arba. The market capitalization was reported at Rs. 32.16 Kharba, with a float market capitalization of Rs. 11.12 Kharba.

    Sonapur Minerals And Oil Limited (SONA) emerged as a significant player with the highest turnover, reaching Rs. 19.66 crores and closing at a market price of Rs. 415.10.

    Among the gainers, Nepal Insurance Co. Ltd. (NICL), Infinity Laghubitta Bittiya Sanstha Limited (ILBS), Manakamana Engineering Hydropower Limited (MEHL), and Chirkhwa Hydropower Limited (CKHL) led with a 10% increase. NWCL and VLUCL closely followed with a gain of 9.98%. On the flip side, BPW Laghubitta Bittiya Sanstha Limited (BPW) experienced the most significant loss at 10%, trailed by Himalayan Hydropower Limited (HHL) at 9.99%.

    Analyzing sector indices, all sectors, with the exception of “Mutual Fund, Non-Life Insurance,” closed in negative territory. The “Non-Life Insurance” sector observed the most significant gain at 1.16%, while the “Trading Index” registered a loss of 2.32%.

  • Nepal Stock Exchange (NEPSE) Faces Decline: Daily Market Overview and Sector Analysis

    Nepal Stock Exchange (NEPSE) Faces Decline: Daily Market Overview and Sector Analysis


    The Nepal Stock Exchange (NEPSE) Index recorded a decline of 17.23 points or 0.82% compared to the previous day’s closing, concluding at 2,070.84 points. The index had suffered a substantial double-digit loss of 21.03 points in the preceding trading session. The day commenced with the index opening at 2089.89, hitting an intraday low of 2,055.35, and reaching an intraday high of 2,109.35.

    During the day’s trading activities, a total of 307 different stocks were exchanged in 117,476 transactions. The volume of shares traded amounted to 14,337,738, with a total turnover of Rs. 5.24 Arba. The market capitalization stood at Rs. 32.16 Kharba, and the float market capitalization was Rs. 11.12 Kharba.

    Sonapur Minerals And Oil Limited (SONA) emerged as the leader in terms of turnover, reaching Rs. 19.66 crores and closing at a market price of Rs. 415.10.

    In the realm of gainers, Nepal Insurance Co. Ltd. (NICL), Infinity Laghubitta Bittiya Sanstha Limited (ILBS), Manakamana Engineering Hydropower Limited (MEHL), and Chirkhwa Hydropower Limited (CKHL) stood out with a 10% increase. NWCL and VLUCL closely followed with a gain of 9.98%. On the downside, BPW Laghubitta Bittiya Sanstha Limited (BPW) suffered the most significant loss at 10%, followed by Himalayan Hydropower Limited (HHL) at 9.99%.

    Examining sector indices, all sectors closed in the red except for “Mutual Fund, Non-Life Insurance.” The “Non-Life Insurance” sector experienced the highest gain at 1.16%, while the “Trading Index” incurred a loss of 2.32%.