Category: Nepal Stock Exchange

  • Sarbottam Cement Launches IPO for Qualified Institutional Investors with Revised Pricing Strategy

    Sarbottam Cement Launches IPO for Qualified Institutional Investors with Revised Pricing Strategy


    Sarbottam Cement Limited has initiated its Initial Public Offering (IPO) through the book-building process exclusively for Qualified Institutional Investors (QIIs), starting on the 6th of Mangsir. In this initial phase, the company aims to issue 24,00,000 unit shares to QIIs, with the IPO closing on the 10th of Mangsir, 2080. The company has specified this timeframe for QIIs to participate in the bidding process.

    The company’s total issued capital is Rs. 4.65 Arba, of which 12.9033% (60,00,000 unit shares) will be offered to the public, comprising Qualified Institutional Investors (QIIs) and the general public. Out of this, 40% (24,00,000 shares) will be allocated to Qualified Institutional Investors from the start of the IPO. The preliminary bid submitted by QIIs on 24th Asad suggested a price range of Rs. 501 to Rs. 751.50 per share. However, after a price revision, QIIs can now apply for the IPO with a maximum bid of Rs. 601.50 and a minimum of Rs. 401.

    Upon the issuance of IPO shares, they will be traded at the determined cut-off price, which may vary from the base price of Rs. 501.25 based on investor demand. Following this, the general public will receive shares at a 10% discounted price from the company, calculated based on the minimum cut-off rate of QIIs. For instance, if the QII cut-off rate is Rs. 401, the issue rate for the general public’s 36 lakh units would be 10% less, i.e., Rs. 360.9 per share.

    Global IME Capital Limited is overseeing the comprehensive issuance process for the cement company. ICRA Nepal has reaffirmed the issuer rating of [ICRANP-IR] BBB+ to Sarbottam Cement Limited, along with a long-term rating of [ICRANP] LBBB+ and a short-term rating of [ICRANP] A2 for Sarbottam’s bank loan limits.

    Established in October 2010 as a private limited company and converted into a public limited company in July 2019, Sarbottam Cement Limited is engaged in clinker and cement production and sales. The majority of its shareholding is held by the Saurabh Group, a prominent business entity in Nepal. The company’s manufacturing facility is located in Ramnagar VDC-05, Nawalparasi district, specializing in the production of OPC and PPC cement under the brand “Sarbottam.”

  • NEPSE Index Surges 1.13% with Sonapur Minerals And Oil Leading Turnover

    NEPSE Index Surges 1.13% with Sonapur Minerals And Oil Leading Turnover


    The NEPSE Index experienced a positive shift, gaining 20.67 points or 1.13% from the previous day’s closing, reaching a conclusion at 1,850.33 points. In contrast, the index had suffered a loss of 23.82 points in the preceding trading day. The trading day commenced with an opening index of 1830.11 and fluctuated between an intraday low of 1,816.40 and an intraday high of 1,850.54.

    During the day’s session, there were 294 different stocks involved in 43,583 transactions, with a total of 4,213,285 shares traded, resulting in a turnover of Rs. 1.08 arba. The market capitalization, based on the float, amounted to Rs. 9.95 Kharba, contributing to an overall market capitalization of Rs. 28.52 Kharba.

    Sonapur Minerals And Oil Limited (SONA) led in turnover with a market price of Rs. 283, totaling Rs. 10.76 crores. The highest gainer for the day was Buddha Bhumi Nepal Hydropower Company Limited (BNHC), showing an increase of 10%. Conversely, Sayapatri Hydropower Limited (SPHL) experienced the most significant loss, recording a decrease of 8.15%.

    In terms of sector performance, all sector indexes closed positively, with the exception of the “Mutual Fund” sector, which saw a marginal loss of 0.03%. The “Hotels And Tourism Index” exhibited the highest gain at 3.49%.

  • NEPSE Announces Renewed Memberships: List of Stock Broker and Trader/Dealer Companies for FY 2080/2081

    NEPSE Announces Renewed Memberships: List of Stock Broker and Trader/Dealer Companies for FY 2080/2081


    Nepal Stock Exchange (NEPSE) has released a list of 82 stock broker companies and 2 stock trader/dealer companies that have renewed their memberships for the fiscal year 2080/2081. The published list includes a variety of brokerages, each assigned a specific broker number, along with their respective head offices. Some of the notable brokerages on the list include Kumari Securities Pvt. Limited, Arun Securities Pvt. Limited, and Market Securities Exchange Company Pvt. Limited.

    The renewal of membership indicates the continued participation of these companies in NEPSE, signifying their commitment to the stock exchange. The brokerages are spread across various locations in Kathmandu, such as Dillibazar, Gaushala, Lazimpat, Khichapokhari, and many more.

    This list provides transparency and accountability in the stock market by acknowledging the entities that have actively renewed their memberships, contributing to the overall functioning and dynamism of the Nepalese stock market. The inclusion of stock trader/dealer companies, such as Nagarik Stock Dealer Company Ltd., further enhances the diversity of participants in the market.

    In summary, NEPSE’s publication of the renewed membership list serves as a comprehensive record of the stock broker and trader/dealer entities that have reaffirmed their engagement with the exchange for the specified fiscal year, fostering transparency and regulatory compliance.

  • NEPSE Index Records Decline: Market Analysis and Top Performers

    NEPSE Index Records Decline: Market Analysis and Top Performers


    The Nepal Stock Exchange (NEPSE) Index experienced a decline of 23.82 points, equivalent to a 1.28% decrease compared to the previous day’s closing, settling at 1,829.65 points. In contrast, the index had recorded a gain of 1.39 points during the preceding trading session.

    Commencing at 1853.17, the index witnessed fluctuations throughout the day, reaching an intraday low of 1,821.38 and a high of 1,853.87.

    Today’s trading session involved 285 different stocks, with a total of 37,607 transactions taking place. The traded volume amounted to 3,675,101 shares, resulting in a cumulative turnover of Rs. 95.04 crore. The market capitalization, based on a float market capitalization of Rs. 9.85 Kharba, stood at Rs. 28.21 Kharba.

    Himalayan Distillery Limited (HDL) secured the highest turnover of Rs. 7.78 crores, with a market price of Rs. 1,622.50.

    Noteworthy in today’s market activity, Menchhiyam Hydropower Limited (MCHL) emerged as the top gainer, achieving an 8.13% increase. Conversely, Mathillo Mailun Khola Jalvidhyut Limited (MMKJL) incurred the most significant loss of 9.94%.

    With the exception of the “Mutual Fund” sector, all other sector indexes concluded in negative territory. “Manufacturing And Processing” exhibited the most considerable loss at 3.12%, while “Mutual Fund” experienced a modest gain of 0.42%.

  • Shangrila Development Bank Calls 19th AGM: Approves 5.263% Dividend and Addresses Key Agendas for Fiscal Year 2079/80

    Shangrila Development Bank Calls 19th AGM: Approves 5.263% Dividend and Addresses Key Agendas for Fiscal Year 2079/80


    Shangrila Development Bank Limited (SADBL) has announced its 19th Annual General Meeting (AGM), scheduled for the 24th day of Mangsir, 2080. The meeting is set to take place at Lainchaur Banquet in Kathmandu, commencing at 11 AM.

    One of the significant agendas for the AGM is the endorsement of a 5.263% dividend amounting to Rs. 17.19 crores for the fiscal year 2079/80. This decision was made during a board of directors meeting held on Kartik 03. The proposed dividend will be distributed based on the paid-up capital of the bank, which stands at Rs. 3.26 Arba. The distribution includes 5% bonus shares and 0.263% cash dividend for tax purposes, translating to slightly over Rs. 16.33 crores and a little over Rs. 85.98 lakhs, respectively.

    Additionally, the AGM will address the endorsement of the auditor’s report, covering Profit and Loss statements, financial reports, and cash flow reports for the fiscal year 2079/80. Plans for the appointment of an auditor for the fiscal year 2080/81 are also on the agenda. The meeting will also seek approval for the revision of the Articles of Association, as the issuance of bonus shares will lead to an increase in the paid-up capital.

    The book closure date for the proposed dividend and the AGM is set from the 11th to the 24th day of Mangsir, 2080. Shareholders recorded within this period are eligible for the dividend payout and are invited to attend the AGM.

  • Soaltee Hotel Limited Proposes 31.58% Dividend for FY 2079/80 and Announces 49th AGM

    Soaltee Hotel Limited Proposes 31.58% Dividend for FY 2079/80 and Announces 49th AGM


    Soaltee Hotel Limited (SHL) has put forward a substantial dividend proposal of 31.58% for the fiscal year 2079/80. Additionally, the company has announced its 49th Annual General Meeting (AGM), scheduled for Poush 26, 2080.

    During a board of directors meeting convened on Mangsir 01, 2080, the decision was made to allocate the proposed 31.58% dividend for the fiscal year 2079/80. The breakdown of the dividend includes 26.57894737% in the form of cash dividends and 5% in the form of bonus shares from the paid-up capital. The company’s current paid-up capital stands at Rs. 88.47 Crores, making the bonus shares valued at Rs. 44,235,753 and the cash dividend at Rs. 235,147,950. It’s important to note that the cash dividend encompasses the tax amount applicable to the bonus shares.

    The book closure date for the proposed dividend and the AGM has been set for the 5th day of Poush, 2080. Consequently, shareholders who are recorded on or before this date are eligible to receive the dividend payout and are invited to participate in the AGM.

  • Vision Lumbini Urja IPO Allotment: High Demand with Oversubscription of 6.54 Times

    Vision Lumbini Urja IPO Allotment: High Demand with Oversubscription of 6.54 Times


    The Vision Lumbini Urja Company Limited’s Initial Public Offering (IPO) allotment is scheduled for the upcoming Tuesday, the 5th of Mangsir, 2080. The allotment ceremony will take place at the premises of the issue manager, Muktinath Capital Limited, located in Kathmandu.

    Out of the total 2,400,410 units available, a portion has already been designated for specific groups. Specifically, 191,250 units have been allotted to Nepalese citizens working abroad, 95,625 units are earmarked for mutual funds, and 38,250 units are set aside for the company’s employees. The remaining 2,075,285 units are open for subscription by the general public at a par value of Rs. 100.

    As reported by the Central Depository and Clearing Company (CDSC), a substantial response was received, with 1,194,820 applicants applying for a total of 135,761,60 units, amounting to Rs. 1.35 Arba as of the closing day. This indicates an oversubscription of 6.54 times the available units. Consequently, only 207,528 fortunate applicants will be successful in acquiring ownership stakes in the company.

    In terms of credit ratings, ICRA Nepal has reaffirmed Vision Lumbini Urja Company Limited’s long-term rating at [ICRANP] LBB- (pronounced ICRA NP L double B minus) for its long-term loan limits. Additionally, the short-term rating of [ICRANP] A4 (pronounced ICRA NP A four) has been reaffirmed for its short-term loan limits.

  • Standard Chartered Bank Nepal Calls 37th AGM: Dividend Declaration, Financial Reports, and Amendments on the Agenda

    Standard Chartered Bank Nepal Calls 37th AGM: Dividend Declaration, Financial Reports, and Amendments on the Agenda


    Standard Chartered Bank Nepal Limited (SCB) has announced its 37th Annual General Meeting (AGM) scheduled for December 10, 2023, corresponding to the 24th day of Mangsir, 2080. The meeting is set to take place at the Army Officers Club in Bhadrakali, Kathmandu, starting at 1 PM, with the attendance book available for signatures from 8:00 AM onwards.

    One of the key items on the agenda is the endorsement of a 19% cash dividend (including tax), equivalent to 19 rupees, considering the bank’s paid-up capital of Rs. 9.42 Arba. Additionally, the AGM will seek approval for the annual report covering the financial year 2079/80.

    The meeting will also address the endorsement of the auditor’s report, encompassing Profit and Loss statements, balance sheets for the mid-2080 period, financial reports, and cash flow statements for the fiscal year 2079/80. Furthermore, the appointment of an auditor for the fiscal year 2080/81 will be discussed. The agenda extends to the approval of the revision of the Articles of Association, with provisions allowing the board of directors to make necessary changes if suggested by regulatory bodies or offices during the proposed amendment.

    The book closure date is set for the 7th day of Mangsir, 2080. Shareholders registered before this date are eligible for the dividend payout and are invited to attend the AGM. Participation requires the signing of the attendance book, accessible from 8:00 AM onward on the day of the meeting.

  • Global IME Bank Announces 17th AGM: Agenda, Dividend Proposal, and Shareholder Information

    Global IME Bank Announces 17th AGM: Agenda, Dividend Proposal, and Shareholder Information


    Global IME Bank Limited (GBIME) has scheduled its 17th Annual General Meeting (AGM) for December 14, 2023, which corresponds to the 28th day of Mangsir, 2080. The AGM will take place at Nepal Pragya Pratisthan in Kamaladi, Kathmandu, commencing at 9 AM on the specified date.

    The outlined agendas for the AGM are as follows:
    1. Approval of the annual report, presented by the chairman on behalf of the board of directors.
    2. Endorsement of the auditor’s report, encompassing the Profit and Loss statements, financial reports, and cash flow statements for the fiscal year 2079/80.
    3. Approval of the consolidated financial statement, which includes the financial results of subsidiary companies for the fiscal year 2079/80. The subsidiaries include Global IME Capital Ltd., Global IME Laghubitta Bittiya Sanstha Ltd., and JBNL Securities Ltd.
    4. Approval of an 8% cash dividend from the profit of the fiscal year 2079/80.
    5. Appointment of an auditor for the fiscal year 2080/81.
    6. Election of six directors, with three from the founding shareholders and three from the general shareholders.
    7. Approval of the distribution of 1% bonus shares of the paid-up capital until the conclusion of the year 2080.
    8. Miscellaneous matters.

    The book closure for the proposed dividend and AGM is set for the 13th day of Mangsir, 2080. Shareholders recorded before this date are eligible for dividend payout and are invited to attend the AGM. Shareholders intending to participate in the AGM must be present at the meeting venue and sign the attendance book, which will be accessible from 8:00 AM onwards.

  • Nepal Warehousing Company IPO for Foreign Nepalese Immigrants Oversubscribed 5.71 Times, Closing Today

    Nepal Warehousing Company IPO for Foreign Nepalese Immigrants Oversubscribed 5.71 Times, Closing Today


    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.

  • Unnati Sahakarya Laghubitta IPO Sees Remarkable 61.90 Times Oversubscription as Closing Day Approaches

    Unnati Sahakarya Laghubitta IPO Sees Remarkable 61.90 Times Oversubscription as Closing Day Approaches


    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.

  • NEPSE Lists Right Shares: API Power and Multipurpose Finance Company’s Successful Allotment and Auction

    NEPSE Lists Right Shares: API Power and Multipurpose Finance Company’s Successful Allotment and Auction


    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.