Author: Earnmoney.com.np

  • Reliable Nepal Life Insurance IPO: 12 Lakh Unit Shares for Nepalese Citizens Working Abroad

    Reliable Nepal Life Insurance IPO: 12 Lakh Unit Shares for Nepalese Citizens Working Abroad


     

    Reliable Nepal Life Insurance Company Limited has initiated the issuance of 12,00,000 units of IPO shares exclusively for Nepalese citizens working abroad. The IPO shares will be available for subscription starting today, July 27th, and the closing date for the issue is August 10th. The company’s total issued capital is Rs. 4 Arba, with 30% of the shares, or 1,20,00,000 units, being offered to the public. Out of this, 10% (12,00,000 units) has been allocated for Nepalese citizens working abroad, 5% (600,000 units) for company employees, and 5% (600,000 units) for mutual funds. The remaining 96,00,000 units will be made available to the general public at a later stage.

     

  • 58,000 Promoter Shares of Janaki Finance Company Up for Auction Today

    58,000 Promoter Shares of Janaki Finance Company Up for Auction Today


     

    Starting from today, the existing promoters of Janaki Finance Company Limited (JFL) are offering 58,000 units of shares for auction to the general public and institutions. Previously, the founder shareholders had announced the auction of these 58,000 units of promoter shares on a different date, but no applications were received. As a result, the shareholders have re-published a notice to auction the same 58,000 units of shares to the general public again, starting from today.

     

  • Gold Price Rises by Rs 300 Per Tola in Nepalese Market; Silver Up by Rs 5

    Gold Price Rises by Rs 300 Per Tola in Nepalese Market; Silver Up by Rs 5


    Today, the price of gold in the Nepalese market has increased by Rs. 300 per tola. As per the Federation of Nepal Gold and Silver Dealers’ Association’s official website, fine gold is currently being traded at Rs. 111,600 per tola, compared to yesterday’s rate of Rs. 111,300 per tola. Similarly, Tejabi gold is being traded at Rs. 111,050 today, whereas it was priced at Rs. 110,750 per tola yesterday.

     

  • NEPSE Ends Session with 1.22% Gain; SHIVM Tops Turnover

    NEPSE Ends Session with 1.22% Gain; SHIVM Tops Turnover


     

    Today, the NEPSE index, which represents the stock market performance in Nepal, ended at 2,097.55 points. It gained 25.31 points compared to the previous trading day, which is a 1.22% increase. Yesterday, the index had experienced a loss of 4.73 points. The day started with an opening value of 2,072.24, which also served as the lowest point during the day. However, it reached a high of 2,099.71 before settling at the closing value of 2,097.55.

    During the trading session, a total of 289 different stocks were traded through 59,539 transactions. The total number of shares exchanged was 8,504,378, which amounted to a turnover of Rs. 3.18 Arba. This turnover is higher than the previous trading day’s turnover of Rs. 2.85 Arba.

     

  • “Joshi Hydropower Appoints Laxmi Capital as Issue Manager for 65% Right Share Offering”

    “Joshi Hydropower Appoints Laxmi Capital as Issue Manager for 65% Right Share Offering”


    Joshi Hydropower Development Company has chosen Laxmi Capital Market as the issue manager to handle the issuance of its right shares to current shareholders. According to a media statement, the company will be offering shares in a ratio of 1:0.65. During a program, the CEO of the merchant bank, Mr. Rajiv Sapkota, and the chairman of the hydropower company, Mr. Ganga Prasad Joshi, signed a Memorandum of Understanding (MoU) to formalize the agreement.

     

  • “Nepal Stock Exchange (NEPSE) Drops 5.53 Points in 2 Days; Intraday Turnover Plummets to Rs 2.85 Arba”

    “Nepal Stock Exchange (NEPSE) Drops 5.53 Points in 2 Days; Intraday Turnover Plummets to Rs 2.85 Arba”


     

    The NEPSE index experienced a decline of 4.73 points, closing at 2,072.24 today, resulting in a loss of 0.23% compared to the previous trading day. Yesterday, the index had a decrease of 0.80 points. Starting at 2,078.25, the index reached a high of 2,084.92 during the day but also dropped to a low of 2,064.52 before settling at 2,072.24 at the end of trading. There were a total of 283 scrips traded through 54,943 transactions, with a total turnover of 7,988,986 shares worth Rs. 2.85 Arba. The turnover amount was lower than the previous trading day’s turnover of Rs. 3.79 Arba.

     

  • SEBON Approves 35% Right Shares of Multipurpose Finance Company; Issue of 15.82 Lakh Shares Imminent

    SEBON Approves 35% Right Shares of Multipurpose Finance Company; Issue of 15.82 Lakh Shares Imminent


     

    The Securities Board of Nepal (SEBON) has given its approval to Multipurpose Finance Company Limited (MPFL) for a rights offering. MPFL plans to issue 35% right shares valued at Rs. 15.82 Crores, which will involve distributing 1,582,000 (1:0.35) units of right shares to its existing shareholders. Currently, MPFL has a paid-up capital of Rs. 45.20 Crores, and after the issuance of the right shares, its paid-up capital will increase to Rs. 61.02 Crores. Muktinath Capital has been appointed as the issue manager for this process. The application for the rights offering was submitted to the board on Falgun 29, 2079.

     

  • IME Life Insurance IPO Oversubscribed 1.4 Times with 10.84 Lakh Applicants

    IME Life Insurance IPO Oversubscribed 1.4 Times with 10.84 Lakh Applicants


     

    IME Life Insurance Company Limited is concluding the issuance of 96,00,000 unit shares to the general public starting from today, which is the 25th of Ashad. The issuance began on the 21st of Ashad, 2080.

    The company has an issued capital of Rs. 4 Arba, out of which 30% or 1,20,00,000 unit shares are allocated for the public, including Nepalese citizens working abroad and the general public. Among the total shares issued, 10% or 12,00,000 unit shares were reserved for Nepalese citizens working abroad, while 5% or 600,000 units were set aside for the employees of the company. Additionally, 5% or 600,000 units were allocated for mutual funds. The remaining 96,00,000 units are being offered to the general public.

     

  • Macro Economic Indicators of FY 2022/23: Remittance Inflows Rise by 22.7%, Inflation at 6.83%

    Macro Economic Indicators of FY 2022/23: Remittance Inflows Rise by 22.7%, Inflation at 6.83%


     

    As of mid-June 2023, there was a total outstanding concessional loan of Rs. 203.10 billion given to 147,510 borrowers. Out of this amount, Rs. 139.68 billion was provided to 61,235 borrowers for selected commercial agriculture and livestock businesses. Additionally, Rs. 60.46 billion was given as loans to 83,455 women entrepreneurs. In other specified sectors, a total of Rs. 2.97 billion in concessional loans was availed by 2,820 borrowers.

    During the same period, the NEPSE index, which measures the performance of the Nepal Stock Exchange, was recorded at 2042.07. This figure showed an increase compared to its value of 1996.26 in mid-June 2022.

  • “Mithila Laghubitta Converts 9% of Promoter Shares to Public Share”

    “Mithila Laghubitta Converts 9% of Promoter Shares to Public Share”


     

    Mithila Laghubitta Bittiya Sanstha Limited (MLBBL) has announced a change in the proportion of shares held by the company’s promoters and the public. The previous ratio of 60% held by promoters and 40% held by the public will be adjusted to 51% for promoters and 49% for the public. The company has requested shareholders who do not wish to convert their founder shares into public shares to submit a self-declaration within seven days from the publication date of the notice. The declaration should be made at the company’s corporate office located in Mithila Municipality-5, Dhalkewar, Dhanusha.

  • “NEPSE Index Remains Steady with Slight Dip as Trading Volume Reaches Rs. 3.79 Arba”

    “NEPSE Index Remains Steady with Slight Dip as Trading Volume Reaches Rs. 3.79 Arba”


     

    The NEPSE index ended the day at 2,076.96, experiencing a slight decrease of 0.80 points or 0.04% compared to the previous closing. Yesterday, the index had gained 28.38 points. The trading day started with an opening value of 2,081.75 and reached a high of 2,102.09, while the lowest point was 2,067.85 before settling at 2,076.96 by the end of the day. Throughout the day, there were 65,317 transactions involving 293 scrips. The total turnover amounted to Rs. 3.79 Arba, which is higher than the previous day’s turnover of Rs. 3.04 Crores.

  • NRB Approves Merger of National and Summit Microfinance

    NRB Approves Merger of National and Summit Microfinance


    The Nepal Rastra Bank (NRB) has given its final approval for the merger between National Microfinance Laghubitta Bittiya Sanstha Limited (NMFBS) and Summit Laghubitta Bittiya Sanstha Limited (SMFDB). National Microfinance (NMFBS) issued a press release announcing the approval. The merger proposal by National Microfinance was presented at a Special General Meeting (SGM) and was later finalized through a merger agreement signed by both companies’ boards of directors.