Day: January 2, 2024

  • United Mewa Khola Hydropower Enters IPO Agreement with Citizens Capital for “Mewa Khola Jalbidhyut Ayojana” Project”

    United Mewa Khola Hydropower Enters IPO Agreement with Citizens Capital for “Mewa Khola Jalbidhyut Ayojana” Project”


    In a ceremony held at Dillibazar, Kathmandu, United Mewa Khola Hydropower Limited officially entered into an Initial Public Offering (IPO) Issue Management Agreement with Citizens Capital Limited. The agreement, signed by Mr. Aashish Thapa, the Executive Chairman of United Mewa Khola Hydropower Limited, and Mr. Sabir Bade Shrestha, the CEO of Citizens Capital Limited, outlines the collaboration for managing the IPO.

    Under the terms of the agreement, Citizens Capital Limited, a subsidiary of Citizens Bank International Limited, will take charge of overseeing the Initial Public Offering for United Mewa Khola Hydropower Limited. The IPO aims to issue ordinary shares to both affected locals and the general public.

    United Mewa Khola Hydropower Limited is currently engaged in the development of its project titled “Mewa Khola Jalbidhyut Ayojana” situated in Taplejung District. This hydropower project is designed to generate 50 megawatts of power. The signing of the IPO Issue Management Agreement marks a significant step for United Mewa Khola Hydropower Limited as it progresses towards making its shares available to the public through the IPO managed by Citizens Capital Limited.

  • CLI Proposes Inaugural Dividend of 5.2632% Following NEPSE Listing

    CLI Proposes Inaugural Dividend of 5.2632% Following NEPSE Listing


    Citizen Life Insurance Company Limited (CLI) is planning to issue its inaugural dividend of 5.2632% for the fiscal year 2079/80, following its recent listing on the Nepal Stock Exchange (NEPSE). The decision was made during the 97th board of directors meeting on Poush 16, where a dividend distribution of 5% in bonus shares and 0.2632% in cash dividends was proposed. This translates to bonus shares valued at Rs. 18.75 crores and cash dividends, including tax, amounting to Rs. 98.68 lakhs. The company’s current paid-up capital is Rs. 3.75 Arba.

    It is essential to note that the distribution of this dividend is contingent on approval from the Nepal Insurance Authority and subsequent endorsement at the company’s upcoming Annual General Meeting (AGM). As of the latest available information, the company’s closing stock price is Rs. 529.

    In summary, CLI, after being listed on NEPSE, has put forth its first dividend proposal for FY 2079/80, comprising bonus shares and cash dividends, subject to regulatory approval and AGM endorsement. The total dividend amounts to Rs. 18.75 crores in bonus shares and Rs. 98.68 lakhs in cash dividends, with a paid-up capital of Rs. 3.75 Arba.

  • Book Closure Alert: Five Companies Set to Distribute Dividends, Shareholders Urged to Act Before Deadline

    Book Closure Alert: Five Companies Set to Distribute Dividends, Shareholders Urged to Act Before Deadline


    Five companies are closing their books tomorrow for shareholders to qualify for declared dividends, and today is the last day for shareholders to secure their entitlement. Kalika Power Company Limited (KPCL) has announced a book closure date of Poush 18 for shareholders to qualify for the proposed 10.5263% dividend, as decided in the company’s Annual General Meeting (AGM) held on 28th Poush, 2080. The AGM will take place at Diyalo Foodland Chitwan Pvt. Ltd., Bharatpur-10, Chitwan, starting at 11 am, endorsing a 10% bonus shares and a 0.5263% cash dividend on the paid-up capital of Rs. 79.35 crores.

    Rastriya Banijya Bank Limited (RBBL) has called its 18th AGM on 29th Poush, 2080, and today is the last day for shareholders to secure the 5.50% cash dividend proposed. The AGM will be held at Rastriya Banijya Bank’s Hall, Durbarmarg, at 2:00 p.m., endorsing a 5.50% cash dividend worth Rs. 86.00 Crores from the paid-up capital of Rs. 15.63 Arba.

    Jeevan Bikas Laghubitta Bittiya Sanstha Limited (JBLB) has its book closure date on Poush 18, and today is the last day for shareholders to claim the dividend proposed in its 5th AGM on 29th Poush, 2080. The AGM, starting at 10:30 AM in the company’s head office located at Katahari, Morang, will endorse 14% bonus shares and a 0.7369% cash dividend on the paid-up capital of Rs. 1.18 Arba.

    Hydroelectricity Investment and Development Company Limited (HIDCL) is closing its books on Poush 18, and shareholders maintained till Poush 17 are entitled to the 5.263% cash dividend proposed in its 12th AGM on Poush 29, 2080. The meeting will be held in Baneshwor Banquet Naya Baneshwor, Kathmandu, at 10 am.

    Universal Power Company Limited (UPCL) has set the book closure date on Poush 18, with today being the last day for shareholders to qualify for the 9% dividend proposed in its upcoming AGM on 29th Poush, 2080. The meeting is scheduled to take place at the Company Register’s Office, Tripureshwor, Kathmandu, starting at 12:15 pm, and will endorse 0.45% cash dividend and 8.55% bonus shares.

  • Sarbottam Cement Reports 55.61% Dip in Q4 Net Profit, Unveils IPO Plans Amid Financial Update

    Sarbottam Cement Reports 55.61% Dip in Q4 Net Profit, Unveils IPO Plans Amid Financial Update


    Sarbottam Cement Limited has recently unveiled its financial performance for the fourth quarter of the fiscal year 2079/2080, revealing a significant 55.61% decline in net profit. The company’s net profit contracted from Rs. 46.76 crores in the corresponding quarter of the prior year to Rs. 20.75 crores in Q4, 2079/2080.

    Concurrently, the core business revenue, represented by sales revenue, witnessed a notable downturn of 31.74%, decreasing to Rs. 5.38 Arba from Rs. 7.88 Arba year-on-year. The other income of the company also experienced a substantial decline, dropping to Rs. 1.08 crores compared to the previous year’s figure of Rs. 8 crores. However, expenses for the same period exhibited a comparatively modest decrease of 9.27%.

    The company’s investment portfolio is reported at Rs. 55.6 crores. Sarbottam Cement’s paid-up capital remains steady at Rs. 4.05 Arba, with retained earnings totaling Rs. 3.45 Arba.

    In terms of financial metrics, the annualized earnings per share (EPS) for the company stand at Rs. 5.13, reflecting the per-share profitability, while the net worth per share is reported at Rs. 185.19.

    Moreover, Sarbottam Cement is currently in the process of issuing IPO shares through a book-building approach. The IPO entails the issuance of 60 lakh units of shares, constituting 12.9033% of the total issued capital amounting to Rs. 4.65 Arba. Notably, 40% (24 lakh units) of the IPO shares have been issued to the Qualified Institutional Investors (QII) from 6th – 10th Mangsir, 2080, while the remaining 60% (36 lakh units) will be made available to the general public, including employees, foreign migrant workers, mutual fund schemes, and project-affected local individuals.

  • Gold Prices Surge by Rs. 500 per Tola, Silver also Witnesses Increment in Nepal

    Gold Prices Surge by Rs. 500 per Tola, Silver also Witnesses Increment in Nepal


    The cost of the valuable yellow metal has risen by Rs. 500 per tola today when compared to the trading price on Monday. As reported by the Federation of Nepal Gold and Silver Dealers’ Association (FENEGOSIDA), the present rate for fine gold is Rs. 1,21,000 per tola, marking a Rs. 500 increase from Monday’s trading price of Rs. 1,20,500 per tola.

    Similarly, Tejabi gold is available today at Rs. 1,20,400 per tola, indicating a Rs. 500 uptick from Monday’s price of Rs. 1,19,900 per tola.

    In a parallel trend, the price of silver has also undergone an increase today. With a gain of Rs. 5, the current silver price stands at Rs. 1,460 per tola, in contrast to Monday’s silver price of Rs. 1,455 per tola.

  • Sarbottam Cement Announces IPO for Industry-Affected Locals and Foreign Nepalese Immigrants, Following Successful QII Allotmen

    Sarbottam Cement Announces IPO for Industry-Affected Locals and Foreign Nepalese Immigrants, Following Successful QII Allotmen


    Sarbottam Cement Limited has issued an offer letter for an Initial Public Offering (IPO) targeting industry-affected locals of Nawalparasi District, mine excavation-affected locals of Palpa District, and Foreign Nepalese Immigrants. The IPO subscription period for the specified groups is set from 25th Poush to 10th Magh, 2080. Notably, if the issue remains undersubscribed for the industry-affected locals of Nawalparasi District and mine excavation-affected locals of Palpa District by the early closing date, it may be extended until Magh 25. However, there will be no extension for Foreign Nepalese Immigrants beyond the early closing date.

    Previously, Sarbottam Cement conducted the issuance of its primary shares through the book-building process for Qualified Institutional Investors (QII) from 6th to 10th Mangsir, 2080. The allotment for the 36,19,190 unit shares, against the initially offered 24 lakh units to eligible institutional investors, took place on the 11th Mangsir.

    The overall issuance plan involves Sarbottam Cement offering 12.9033% of its issued capital amounting to Rs. 4.65 Arba, equivalent to 60 lakh shares or 60 crores. Out of this, 40% (24 lakh shares) has already been issued and allotted to Qualified Institutional Investors, leaving the remaining 60% (36 lakh shares) for the general public.

    Among the general public shares, 9,30,000 units will be allocated to industry-affected locals of Nawalparasi District and mine excavation-affected locals of Palpa District. The remaining 26,70,000 units will be divided into two portions – 10% (2,67,000 units) for Nepalese citizens working abroad, and the remaining 24,03,000 units for the general public.

    Global IME Capital has been appointed as the issue manager, and applications can be submitted for a minimum of 50 units and a maximum of 10,000 units.

    The share price for common investors is set at Rs. 360.90 per share. The IPO is being conducted through the book-building method, where the ‘cut-off price’ during the primary shares allotment to Qualified Institutional Investors was Rs. 401. As per the guidelines, shares for the general public are offered at a 10% discount to the ‘cut-off’ price, resulting in Rs. 360.90 per share for common investors.

    ICRA Nepal has maintained its issuer rating of [ICRANP-IR] BBB+ and reaffirmed the long-term rating of [ICRANP] LBBB+ and the short-term rating of [ICRANP] A2 to Sarbottam Cement Limited.

  • Wrong amount in settlement. WTF is going on???

    Wrong amount in settlement. WTF is going on???


    I bought some shares and when it was time to make the fund settlement the payable amount was almost double the bill. I have cleared all my past payment dues. Pls help me

    View on r/NepalStock by khaikohorandi

  • Is there way to merge portfolio ?

    Is there way to merge portfolio ?


    I handle 4 meroshare accounts, can I list all shares I have in my account in one place, NOT TRANSFERING SHARE. Do you know if any app or website help with this ?

    View on r/NepalStock by itsfrustratedmonk

  • Unable to buy any share on TMS, how to resolve this issue

    Unable to buy any share on TMS, how to resolve this issue


    How can I resolve this issue and why this error is showing:

    https://preview.redd.it/tzqop0efis9c1.png?width=284&format=png&auto=webp&s=24f05eea0ba66c7cdd2dfd9433b922dc6f24e063

    View on r/NepalStock by ashish-kamat

  • Is it even possible to be a trader in Nepal?

    Is it even possible to be a trader in Nepal?


    I’m new in this field and really want to learn trading, and also want to know if one can be dependant on share market to survive in Nepal? And if anyone who is a trader or knows someone who provides training please let me know….
    Thankyou

    View on r/NepalStock by RecommendationFar459

  • Fuck Broker No. 58 Naasa Suckerities

    Fuck Broker No. 58 Naasa Suckerities


    title, it is nothing but pain in the arse. please suggest me how can i get my refund and close the broker account with them for good? and what would be another option? B61 and B62 good enough? my requirements – proper customer support, timely settlements, collateral leverage at least 2:1.

    i suspect Naasa is taking our (lakhs of clients) collateral hostages so provide infinite leverage to their close circle of large investors, or am i wrong?

    View on r/NepalStock by reddi7er

  • Daily Discussion Thread (Tuesday – Jan 02, 2024)

    Daily Discussion Thread (Tuesday – Jan 02, 2024)


    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)

    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