Category: IPO | FPO

  • Budhanilkantha Heritage Taps Global IME Capital for IPO Launch

    Budhanilkantha Heritage Taps Global IME Capital for IPO Launch


     

    On January 23, 2080, Budhanilkantha Heritage Hotel Limited (BHHL) enlisted Global IME Capital Limited (GBIMEL) as the manager for issuing and selling securities. They plan to offer 1,500,000 ordinary shares, which represent 15% of the total issued capital, at a face value of Rs 100 per share to the general public.

    The agreement for issuing ordinary shares was formalized through a bilateral agreement signed by Mr. Babu Kaji Karki, the Managing Director of Budhanilkantha Hotel, and Mr. Mandip Luitel, the Chief Executive Officer of Capital.

     

  • Akama Hotel Schedules SGM to Issue IPO at Rs. 50

    Akama Hotel Schedules SGM to Issue IPO at Rs. 50


     

    Akama Hotel Limited has scheduled a Special General Meeting (SGM) for the 14th of Falgun, 2080. The meeting will take place at the company’s registered office located in Akama Hotel, Dhumbarahi, Kathmandu, starting at 11:30 AM.

    One of the key agendas for the meeting is to propose issuing an Initial Public Offering (IPO) to the general public, along with increasing the authorized, issued, and paid-up capital of the company. Additionally, there will be a discussion regarding splitting the existing face value of 100 rupees into 50 rupees, as well as revising the articles of association and regulations. Another agenda is to determine the remuneration, allowances, and facilities for the directors.

  • Rangoon Khola Hydropower Announces AGM on Falgun 9, IPO Issuance Key Agenda

    Rangoon Khola Hydropower Announces AGM on Falgun 9, IPO Issuance Key Agenda


    Rangoon Khola Hydropower Limited is set to convene its inaugural Annual General Meeting (AGM) on the 9th of Falgun, 2080. The meeting, scheduled to commence at 11:00 AM at the Company’s Register Office in Sukedhara, Kathmandu, holds significant importance as it addresses crucial agenda items. Among them, the AGM will focus on the endorsement of the company’s annual report, including key financial aspects such as profit and loss statements, financial reports, and cash flow reports for the fiscal year 2079/80. Additionally, the shareholders will deliberate on the appointment of auditors and determine their remuneration, shaping the financial oversight and transparency of Rangoon Khola Hydropower Limited in the upcoming fiscal year. This AGM serves as a pivotal moment for stakeholders to contribute to the strategic decisions and financial governance of the hydropower company.

     

  • Singati Hydro Energy: Offer Letter Published, Right Shares Issue Opens on Falgun 2

    Singati Hydro Energy: Offer Letter Published, Right Shares Issue Opens on Falgun 2


    Singati Hydro Energy Limited (SHEL) is embarking on a new phase of expansion and growth with the issuance of its 100% rights shares, as outlined in its recently published offer letter. The company has opened the window for applications for these right shares in a generous ratio of 1:1 or 100%, accepting applications from 2nd Falgun to 22nd Falgun, 2080.

    In this offering, Singati Hydro Energy Limited plans to issue 100% right shares valued at Rs. 1.45 Arba, equivalent to 14,500,000 (1:1) units of right shares, specifically catering to its existing shareholders. The company, known for its contributions to the hydropower sector, is currently operating with a paid-up capital of Rs. 1.45 Arba. With the proposed issuance and adjustment of the right shares, the paid-up capital is set to undergo a significant boost, reaching Rs. 2.90 Arba.

    This strategic move not only reflects Singati Hydro Energy Limited’s commitment to strengthening its financial position but also provides existing shareholders with an exclusive opportunity to participate in the company’s expansion endeavors. The issuance of 100% right shares signifies a bold step towards fortifying the company’s foothold in the hydropower industry, signaling confidence in its future prospects and inviting stakeholders to be part of this exciting phase of growth.

     

  • Puwa Khola-1 Hydropower Partners with LS Capital for IPO Management

    Puwa Khola-1 Hydropower Partners with LS Capital for IPO Management


    Puwa Khola-1 Hydropower Limited is set to make a significant market debut by appointing LS Capital Limited as the IPO issue and sales manager for its upcoming public offering. The hydropower company plans to release 19,46,660 ordinary shares to the general public, each carrying a face value of Rs 100. The strategic move towards IPO comes on the heels of the successful completion and operation of their 4 MW hydropower project situated in the picturesque Ilam district. Managing Director Mr. Kadam KC, representing Puwa Khola-1 Hydropower, and Mr. Bijay Lal Shrestha, CEO of Laxmi Sunrise Capital Limited, officially sealed the agreement. Investors now have the opportunity to be part of this forward-looking venture, contributing to both sustainable energy development and the economic growth of the region. The collaboration with LS Capital Limited further reinforces Puwa Khola-1 Hydropower’s commitment to bringing clean energy solutions to the forefront of the market, paving the way for a greener and more sustainable future.

     

  • Super Khudi Hydropower Taps Global IME Capital as IPO Issue Manager

    Super Khudi Hydropower Taps Global IME Capital as IPO Issue Manager


    Super Khudi Hydropower Limited, a pioneering venture in the renewable energy sector, has recently appointed Global IME Capital Limited as the dedicated issue and sales manager for its upcoming Initial Public Offering (IPO). The highly anticipated IPO entails the issuance of 6,975,000 ordinary shares to the general public, each with a face value of Rs 100. Spearheading this significant move is Mr. Rabi Kumar Gautam, Senior Project Manager at Super Khudi Hydropower, and Mr. Mandip Luitel, CEO of Global IME Capital, who formally sealed the agreement. With a commitment to sustainable energy solutions, Super Khudi Hydropower Limited is poised to revolutionize the hydropower landscape, offering investors an opportunity to be part of a forward-thinking enterprise dedicated to shaping a greener, more resilient future. This strategic partnership with Global IME Capital further solidifies Super Khudi Hydropower’s position as a catalyst for positive change in the renewable energy sector, promising investors a stake in a project that not only generates power but also drives environmental stewardship and economic growth.

     

  • Ghalemdi Hydro Limited Initiates Auction of Unclaimed Right Shares for Public Offering

    Ghalemdi Hydro Limited Initiates Auction of Unclaimed Right Shares for Public Offering


    Ghalemdi Hydro Limited (GHL) has initiated the auction of its unclaimed right share portion starting today, 9th Magh, and concluding on 23rd Magh, 2080. The company is auctioning 32,17,724 units of ordinary right shares, representing the unclaimed segment from its previous 1:2 ratio right share issue, conducted from 10th Mangsir to 16th Poush, 2080. Only 77,82,276 units (70.75%) of the total right shares were allotted to eligible shareholders, leaving 29.25% unclaimed, and these unsold shares are now available for the general public.

    Both individuals and institutions have the eligibility to participate in the auction, managed by Muktinath Capital Limited. The minimum bid rate is set at Rs. 100, with a bid quantity of at least 100 units. While bidders can bid for the entire issue, adherence to regulatory rules restricting the quantity of shares per entity is mandatory.

    GHL’s current paid-up capital is Rs. 55 Crores, and after the adjustment of the proposed right share of 1.10 crore units, the company’s paid-up capital will increase to Rs. 1.65 Arba. Despite posting a net loss of Rs 3.13 crore, the company’s earnings per share stands at Rs. 5.70, and its net worth is Rs. 70.921, according to the first quarterly report for the fiscal year 2080/81.

    As of the latest available information, GHL’s Last Traded Price (LTP) is Rs. 189.00.

  • Lower Erkhuwa Hydropower Taps Muktinath Capital for IPO Management, Offers 21.5% of Capital to Public

    Lower Erkhuwa Hydropower Taps Muktinath Capital for IPO Management, Offers 21.5% of Capital to Public


    Lower Erkhuwa Hydropower has enlisted Muktinath Capital Ltd. as the manager overseeing both the issuance and sales of its Initial Public Offering (IPO) shares. The company intends to release 2,805,750 ordinary shares to the general public at a face value of Rs. 100 per share, constituting 21.5% of its overall issued capital, which amounts to Rs. 1 Arba 30 crores 50 lakhs.

    In formalizing this share issuance, Lower Erkhuwa Hydropower’s Managing Director, Mr. Bishweshwar Subedi, and Muktinath Capital’s Chief Executive Officer, Mr. Kabindra Dhoj Joshi, have both signed the agreement. The distribution plan involves allocating 10% (equivalent to 13,05,000 shares) for individuals affected by the project and 11.5% (equivalent to 15,00,750 shares) for the general public.

    Situated in Bhojpur district, Lower Erkhuwa Hydropower Company is currently in the final stages of constructing the Lower Erkhuwa Hydroelectric Project, boasting a capacity of 14.15 megawatts. The primary promoter for this venture is the National Hydro Power Company Ltd. (NHPC). At present, the project has reached 85% completion, covering various aspects such as tunnel excavation, civil construction, procurement of electro-mechanical and hydro-mechanical equipment, as well as the establishment of transmission lines. To fund this estimated Rs. 2 Arba project, financial support has been secured through loans from Machhapuchchhre Bank Ltd., Nepal SBI Bank Ltd., and Jyoti Bikas Bank Ltd. The company’s goal is to commence commercial electricity production from this project within the current fiscal year.

  • Himalayan Times Media Entertainment and Tech Ltd Appoints Muktinath Capital for 7 Lakh IPO Shares Offering

    Himalayan Times Media Entertainment and Tech Ltd Appoints Muktinath Capital for 7 Lakh IPO Shares Offering


    Himalayan Times Media Entertainment and Tech Ltd (HTMETL) has designated Muktinath Capital as its sales manager for the initial public offering (IPO) of ordinary shares. The agreement between HTMETL and Muktinath Capital, formalized on January 9, outlines the issuance of 700,000 units of ordinary shares valued at Rs 70 million. Each share has a face value of Rs 100 and will be made available to the general public.

    Established in 2001, The Himalayan Times (THT) is a well-established English-language newspaper that achieved an A+ rating, the highest possible rank, in the Press Council Nepal’s 2018 newspaper classification report. Within a year of its launch, THT became the leading English daily in Nepal and claimed the top position in readership. Renowned for its high-quality journalism and broad appeal, particularly among the younger demographic, THT is the largest-selling English broadsheet in Nepal. The newspaper is recognized for its comprehensive coverage, analysis, and opinions on various subjects such as news, politics, business, technology, culture, lifestyle, and more. THT upholds principles of responsible journalism, supporting freedom of expression and a free press while providing a platform for marginalized voices.

    HTMETL, in addition to its media ventures, organizes prestigious events in Nepal, including TGIF Nepal Fashion Week, The Himalayan Times Brandfest, and The Himalayan Times International Food Festival, with plans for more events in the pipeline. Through its website, HTMETL reaches millions of readers each month, maintaining its position as the top English news site in Nepal.

  • Ghalemdi Hydro Allots Right Shares, Subscription Reaches 70.75%

    Ghalemdi Hydro Allots Right Shares, Subscription Reaches 70.75%


    Ghalemdi Hydro Limited (GHL) recently allocated its right shares at a 1:2 ratio on the 25th of Poush. The shares were distributed to applicants, and those who did not receive an allotment will be refunded starting from the 29th of Poush, 2080.

    During the period from the 10th of Mangsir to the 16th of Poush, 2080, the company issued 1,10,00,000 units of right shares. The book closure date for the rights offering was declared on Kartik 2, allowing investors holding shares before that day to apply for the additional shares.

    Out of the total right shares, 77,82,276 shares were allocated to 28,121 valid applicants. However, 32,17,724 shares (29.25%) remained unclaimed by eligible investors. These remaining shares are set to be auctioned soon, open to the general public and institutions.

     

  • Hathway Investment Nepal (HATHY): A Phenomenal 1880% Gain for IPO Allottees in Just 47 Trading Days

    Hathway Investment Nepal (HATHY): A Phenomenal 1880% Gain for IPO Allottees in Just 47 Trading Days


    Hathway Investment Nepal Limited (HATHY) has surpassed expectations since its Initial Public Offering (IPO), making it a standout performer in the market. Established in 2009, Hathway is recognized as Nepal’s pioneering private-equity investment firm, dedicated to impactful investing. The company initiated its public market journey with an IPO priced at Rs. 50 per share, which received significant public attention, issuing a total of 24,27,750 unit shares. Listed on October 10, 2023, with an opening range set by the Nepal Stock Exchange (NEPSE) at Rs. 95.09 to Rs. 285.27, HATHY’s stock opened impressively at Rs. 285.20 on October 11.

    Hathway has exceeded market expectations, and as of January 4, 2024, the stock’s current market price stands at an impressive Rs. 990, including a 10% bonus share adjustment. This marks a substantial increase from the IPO price of Rs. 50 per share. The company has experienced a remarkable gain of Rs. 704.80 or 247.12% from the opening price of Rs. 285.20 in the last forty-seven trading days. Investors allotted shares during the IPO have witnessed a phenomenal gain of 1880% during this period, with a total turnover of Rs. 2.86 Arba and 95,777 transactions.

    In its first quarterly report, Hathway reported a net profit of around Rs. 1.58 Crores, with an Annualized Earnings Per Share (EPS) of Rs. 2.70 and a Net Worth Per Share of Rs. 80.24. The company’s investments in securities and properties total Rs. 2.06 Arba and Rs. 18.51 Crores, respectively.

    HATHY has proposed a dividend of 10.526%, comprising 10% bonus shares and 0.526% cash dividends, based on the company’s paid-up capital of Rs. 1.17 Arba for the fiscal year 2079/80. The book closure for this dividend closed on December 28, 2023.

    The closing price of Hathway on December 27 was Rs. 796.50, and after factoring in the adjustment for the 10% bonus shares, the revised price stood at Rs. 724.09. Post-adjustment, with a total of 25,740,000 units of shares, Hathway’s market capitalization presently stands at an impressive Rs. 25.48 Arba.

  • Auction Alert: Multipurpose Finance Company Limited Promoters Offer 56,000 Units of Shares to Eligible Shareholders

    Auction Alert: Multipurpose Finance Company Limited Promoters Offer 56,000 Units of Shares to Eligible Shareholders


    Bijaya Kumar Thakur and Dhirendra Thakur, the current promoters of Multipurpose Finance Company Limited (MPFL), have initiated the auction of their promoter shares. Specifically, Bijaya Kumar Thakur is auctioning 26,000 units, while Dhirendra Thakur is auctioning 30,000 units of their respective shares. This auction, which began on the 18th of Poush, 2080, is exclusively open to existing promoter shareholders.

    A total of 56,000 units of promoter shares are up for auction, and only those shareholders who meet the eligibility criteria are encouraged to participate. The auction period spans 15 days from the date of this notice’s publication.

    As of the latest information, the Last Traded Price (LTP) for MPFL stands at Rs. 320. Simultaneously, MPFLPO, another financial instrument associated with Multipurpose Finance Company Limited, holds an LTP of Rs. 150.00, as recorded on December 5th, 2023. These details provide additional context for potential investors considering participation in the ongoing promoter share auction.