Category: Nepal Stock Exchange

  • Shine Resunga Development Bank Announces 15th AGM with 11.05% Dividend Proposal and Strategic Agenda

    Shine Resunga Development Bank Announces 15th AGM with 11.05% Dividend Proposal and Strategic Agenda


    Shine Resunga Development Bank Limited (SHINE) has announced its 15th Annual General Meeting (AGM) scheduled for the 23rd of Mangsir, 2080. The venue for the meeting is set at Dreamland Gold Resort & Hotel Pvt. Ltd. in Manigram, Rupandehi, commencing at 11 a.m. on the specified day.

    One of the key items on the AGM agenda is the approval of an 11.05% dividend for the fiscal year 2079/80. The proposal for this dividend was put forth during the bank’s 280th board meeting held on the 23rd of Ashwin 2080. The proposed dividend is calculated based on the bank’s paid-up capital, which currently stands at Rs. 4.28 Arba. The dividend comprises 10.5% bonus shares valued at Rs. 44.98 crores and 0.55% cash dividend (inclusive of tax) amounting to Rs. 2.36 crores.

    Additionally, the AGM will address various other matters, including the endorsement of the auditor’s report containing Profit and Loss statements, financial reports, and cash flow reports for the fiscal year 2079/80. The appointment of an auditor for the upcoming fiscal year 2080/81 is also on the agenda. Furthermore, there will be a discussion about identifying suitable banks and financial institutions for potential merger and acquisition opportunities with Shine Resunga Development Bank.

    Shareholders are reminded that the book closure date is from the 11th to the 23rd of Mangsir, 2080. Only shareholders recorded on this day are eligible for the dividend payout and are invited to attend the AGM.

  • Miteri Development Bank (MDB) Proposes 10% Dividend for FY 2079/80

    Miteri Development Bank (MDB) Proposes 10% Dividend for FY 2079/80


    Miteri Development Bank Limited (MDB) has put forward a dividend proposal for the fiscal year 2079/80, suggesting a dividend payout of 10%. This proposal emerged following the deliberations of the 234th board of directors meeting, which took place on Kartik 22. The proposed dividend pertains to the paid-up capital of the bank, which stands at Rs. 1.01 Arba. Within this 10% dividend allocation, 9.5% will be distributed in the form of bonus shares, while the remaining 0.5% will be disbursed as a cash dividend, primarily for tax purposes.

    It’s important to note that the final distribution of this proposed dividend is contingent on approval from the central bank and subsequent endorsement during the company’s upcoming Annual General Meeting (AGM). As of the latest available data, MDB’s Last Traded Price (LTP) stands at Rs. 392.30. For reference, the bank’s dividend history is not provided in the available information.

  • Prabhu Bank Limited Initiates Auction of Promoter Shares for General Public and Promoter Shareholders

    Prabhu Bank Limited Initiates Auction of Promoter Shares for General Public and Promoter Shareholders


    The current promoter of Prabhu Bank Limited (PRVU) is initiating an auction of 563,778 units of shares for interested individuals and institutions, starting from the 23rd of Kartik, 2080. These shares will be made available to the general public for bidding in the absence of offers from existing founder shareholders within the specified timeframe. Bidders are required to submit their bids at the company’s central office in Babarmahal, Kathmandu, within 15 days from the publication date of the notice. PRVU is currently trading at an LTP of Rs. 155.40.

    In a separate auction, the existing promoter of Prabhu Bank Limited is also offering 399,710 units of shares to its promoter shareholders, commencing on the same date, the 23rd of Kartik, 2080. Interested promoter shareholders have 35 days from the notice’s publication date to participate in the auction, submitting their bids at the company’s central office. Should no offers be received from existing founder shareholders within the stipulated period, the shares will subsequently be made available for auction to the general public or institutions.

  • Nepal Declares Public Holiday for Tihar and Chhath Festivals

    Nepal Declares Public Holiday for Tihar and Chhath Festivals


    The Government of Nepal has declared a public holiday spanning from the 12th to the 30th of Mangsir to celebrate the Tihar festival. Additionally, a Chhath holiday is scheduled for the 3rd of Mangsir. This holiday period will lead to the temporary closure of the Nepal Stock Exchange Limited (NEPSE), with the secondary market reopening on the 4th of Mangsir, 2080, a Monday. During this break, regular trading activities on NEPSE will remain suspended, with trading resuming on the 4th of Mangsir, 2080, at 11:00 AM.

    Tihar, known as Deepawali or Yamapanchak, is a vibrant and culturally significant five-day festival in Nepal. It pays tribute to Yama, the God of Death, and Laxmi, the Goddess of Wealth. Each day of Tihar is marked by unique rituals and celebrations, honoring the relationship between humans and animals, the importance of prosperity, and the bonds of family. Alongside Tihar, Chhath Parva is another significant festival celebrated in Nepal, particularly along riverbanks, where devotees seek physical and spiritual purity through rituals and fasting. This holiday period provides an opportunity for people to come together and celebrate these important cultural and religious festivals.

  • NEPSE Index Records 0.63% Loss in Pre-Tihar Trading Session

    NEPSE Index Records 0.63% Loss in Pre-Tihar Trading Session


    The Nepal Stock Exchange (NEPSE) Index wrapped up the trading day with a decline of 11.85 points, representing a 0.63% decrease compared to the previous day’s closing figure. It’s worth noting that the previous trading session had witnessed a gain of 5.17 points for the index.

    The trading day kicked off with the index opening at 1,864.4 points. It experienced fluctuations during the day, reaching an intraday low of 1,847.85 points and an intraday high of 1,866.93 points.

    Today’s trading session involved 27,845 trades, encompassing 282 different stocks. The total turnover for the day amounted to Rs. 83.60 crore, with a total of 2,833,731 units of shares being exchanged. The market capitalization reached Rs. 28.53 Kharba, with a float market capitalization of Rs. 9.96 Kharba.

    Sonapur Minerals And Oil Limited (SONA) emerged as the stock with the highest turnover, amounting to Rs. 7.70 crores, while Sayapatri Hydropower Limited (SPHL) secured the title of the day’s biggest gainer with an increase of 6.96%. On the flip side, Mountain Energy Nepal Limited (MEN) suffered the most significant loss, declining by 6.58%.

    In terms of sector performance, all sector indices concluded the trading day in negative territory as the market closed for the Tihar break. The “Others Index” experienced the most substantial loss of 1.55%, while the “Trading Index” recorded the least loss, standing at 0.14%.

  • NEPSE Index Records 0.60% Gain with Impressive Debut for Sharepro Securities

    NEPSE Index Records 0.60% Gain with Impressive Debut for Sharepro Securities


    Vision Lumbini Urja Company Limited is in the process of concluding its initial public offering (IPO) of 20,75,285 units of shares with a par value of Rs. 100. The IPO began on the 16th of Kartik, 2080, and is set to close on the 20th of Kartik.

    Previously, the company had issued 19,12,500 units of shares to locals affected by the project in Kaski District, out of which only 14,24,590 units were allocated to eligible applicants. Consequently, the remaining 4,87,910 units of unsubscribed shares from project-affected locals were combined with the initial 19,12,500 units, resulting in a total of 24,00,410 units made available for the general public.

    Out of these 24,00,410 units, 191,250 units have already been allotted to Nepalese citizens working abroad, while 95,625 units have been designated for mutual funds. An additional 38,250 units have been reserved for the company’s employees. The remaining 20,75,285 units are now open for the general public to subscribe to.

    Muktinath Capital Limited has been appointed as the issue manager for this IPO. Interested applicants can apply for a minimum of 10 units, with a maximum limit of 380,000 units.

    Remarkably, according to CDSC (Central Depository and Clearing Limited), a total of 8,47,770 applicants have submitted applications for 98,80,430 units, indicating that the IPO has been oversubscribed by 4.76 times as of 5 PM the previous evening.

    Additionally, ICRA Nepal has reaffirmed its ratings for Vision Lumbini Urja Company Limited, with a long-term rating of [ICRANP] LBB- and a short-term rating of [ICRANP] A4. These ratings pertain to the company’s loan limits.

    Vision Lumbini Urja Company Limited is actively involved in the development of the 25-MW Seti Nadi Hydroelectric Project in the Machhapuchchhre rural municipality of Kaski District, Gandaki Province, Nepal. The project is classified as a run-of-the-river (R-o-R) type and is being developed with a 44.5% probability of exceedance.

  • Last Day to Apply for IPO of Vision Lumbini Urja Company Limited: Issue Oversubscribed by 4.76 Times

    Last Day to Apply for IPO of Vision Lumbini Urja Company Limited: Issue Oversubscribed by 4.76 Times


    Vision Lumbini Urja Company Limited is in the process of concluding its initial public offering (IPO) of 20,75,285 units of shares with a par value of Rs. 100. The IPO began on the 16th of Kartik, 2080, and is set to close on the 20th of Kartik.

    Previously, the company had issued 19,12,500 units of shares to locals affected by the project in Kaski District, out of which only 14,24,590 units were allocated to eligible applicants. Consequently, the remaining 4,87,910 units of unsubscribed shares from project-affected locals were combined with the initial 19,12,500 units, resulting in a total of 24,00,410 units made available for the general public.

    Out of these 24,00,410 units, 191,250 units have already been allotted to Nepalese citizens working abroad, while 95,625 units have been designated for mutual funds. An additional 38,250 units have been reserved for the company’s employees. The remaining 20,75,285 units are now open for the general public to subscribe to.

    Muktinath Capital Limited has been appointed as the issue manager for this IPO. Interested applicants can apply for a minimum of 10 units, with a maximum limit of 380,000 units.

    Remarkably, according to CDSC (Central Depository and Clearing Limited), a total of 8,47,770 applicants have submitted applications for 98,80,430 units, indicating that the IPO has been oversubscribed by 4.76 times as of 5 PM the previous evening.

    Additionally, ICRA Nepal has reaffirmed its ratings for Vision Lumbini Urja Company Limited, with a long-term rating of [ICRANP] LBB- and a short-term rating of [ICRANP] A4. These ratings pertain to the company’s loan limits.

    Vision Lumbini Urja Company Limited is actively involved in the development of the 25-MW Seti Nadi Hydroelectric Project in the Machhapuchchhre rural municipality of Kaski District, Gandaki Province, Nepal. The project is classified as a run-of-the-river (R-o-R) type and is being developed with a 44.5% probability of exceedance.

  • Laxmi Techno Plast Announces 7th AGM with Focus on IPO for Public Offering

    Laxmi Techno Plast Announces 7th AGM with Focus on IPO for Public Offering


    Laxmi Techno Plast Limited, a renowned player in the plastic products and furniture industry, has officially announced the eagerly awaited 7th Annual General Meeting (AGM). This AGM is scheduled to take place on the 11th of Mangsir, 2080, at the company’s headquarters in Hetauda, Makwanpur, with a prompt start time of 11:00 AM.

    The central focus of this upcoming AGM revolves around a significant proposal to issue an Initial Public Offering (IPO) to the general public at a premium price. The company intends to grant its Board of Directors (BoDs) full authority to oversee and carry out all the necessary procedures associated with launching the IPO at a premium valuation.

    Laxmi Techno Plast Limited, recognized for its successful brands Marigold Plastics and Om Shivam Pipes and Fittings, has built a formidable reputation in the industry since its establishment in 2005. With an extensive product line encompassing a wide range of high-quality plastic products, the company has made its mark in both household essentials and industrial requirements.

    Operating under the Marigold Plastics brand, the company takes pride in offering a diverse selection of plastic products, spanning from kitchenware to furniture, all crafted using PET/PETE plastic pellets known for their structural integrity. These products are designed with an emphasis on recyclability and food safety, providing both convenience and aesthetic appeal for homes. The JB Maru Group, under whose visionary leadership Laxmi Techno Plast operates, has a rich and storied history that spans over a century.

    Founded in 1937, the JB Maru Group has evolved from its industrial origins to engage in various business ventures. Laxmi Techno Plast, as a distinguished entity within this conglomerate, has consistently demonstrated innovation, quality, and a commitment to meeting the ever-changing needs of consumers.

  • Nepal Stock Exchange (NEPSE) Index Rises 1.16% in Trading Session

    Nepal Stock Exchange (NEPSE) Index Rises 1.16% in Trading Session


    In today’s trading session on the Nepal Stock Exchange (NEPSE), the NEPSE Index showed a positive performance, gaining 21.30 points or 1.16% compared to the previous day’s closing. The index closed at 1,847.54 points, which was a welcome turnaround from the 21.46-point decline experienced in the previous trading session.

    The trading day began with the index opening at 1,826.68 points. Throughout the day, it reached an intraday low of 1,824.56 points and a high of 1,850.58 points, reflecting fluctuations in the market.

    This session witnessed trading activity in 283 different equities, involving a total of 47,231 transactions. Notably, a substantial volume of 3,555,670 shares changed hands, resulting in a total turnover of Rs. 93.89 crore. The market had a float market capitalization of Rs. 9.95 Kharba, contributing to an overall market capitalization of Rs. 28.46 Kharba.

    Soaltee Hotel Limited (SHL) achieved the highest turnover, amounting to Rs. 6.43 crores, with shares trading at a market price of Rs. 428.50.

    Among individual stocks, Hathway Investment Nepal Limited (HATHY) experienced the most significant gain, with a rise of 9.98% in its value. In contrast, Laxmi Laghubitta Bittiya Sanstha Ltd. (LLBS) faced the most substantial loss, declining by 4.28% during the trading day.

    Regarding sector performance, all sector indices ended on a positive note, with gains across the board. Notably, the “Hotels And Tourism Index” registered the highest increase, surging by 3.73%, while the “Microfinance Index” showed the smallest gain, with a 0.26% increase.

  • Hotel Forest Inn Ltd. Seeks SEBON Approval for IPO, Plans to Raise NPR 98 Crores

    Hotel Forest Inn Ltd. Seeks SEBON Approval for IPO, Plans to Raise NPR 98 Crores


    The IPO (Initial Public Offering) of Hotel Forest Inn Ltd. is currently in the approval process within the IPO pipeline of the Securities Board of Nepal (SEBON).

    Hotel Forest Inn Ltd. has presented a proposal to the regulatory body of the capital market, seeking permission to issue 9,800,000 shares as part of their IPO. This issuance is expected to generate a total of Rs. 98 crores in capital for the company. The formal application for this IPO proposal was submitted on Kartik 15, 2080.

    In managing the IPO and ensuring its successful execution, NIC Asia Capital Limited has been appointed as the issue manager, taking on a pivotal role in the public offering process.

    It’s worth noting that CARE Ratings Nepal Limited (CRNL) has conducted a rating assessment for Hotel Forest Inn Private Limited’s long-term bank facilities, assigning a rating of ‘CARE-NP BB-‘ to these facilities. This rating provides insight into the creditworthiness and financial stability of the company as it enters the IPO process.

  • Chirkhwa Hydro Power Limited Successfully Allots IPO Shares to Strong Demand, Achieving Oversubscription

    Chirkhwa Hydro Power Limited Successfully Allots IPO Shares to Strong Demand, Achieving Oversubscription


    The IPO allotment of Chirkhwa Hydro Power Limited has been successfully concluded at the offices of the issue manager, RBB Merchant Banking Limited in Kathmandu.

    Chirkhwa Hydro Power Limited had initially issued 8,59,300 unit IPO shares at a par value of Rs 100 for the general public from the 23rd to the 26th of Ashwin, 2080. Previously, the company had allocated 4,00,000 unit shares, equivalent to 10% of the issued capital, to project-affected locals in the Bhojpur District. However, only 2,04,700 units were allotted to valid applicants, leaving 1,95,300 unsubscribed units. These unsubscribed shares have now been combined with the 8,00,000 units (20% of the issued capital reserved for the general public), resulting in a total of 9,95,300 units available for the general public.

    Out of the 9,95,300 units, 80,000 units were already issued and allotted to Nepalese citizens working abroad, 40,000 units were designated for mutual funds, and 16,000 units were set aside for company employees. The remaining 8,59,300 units were open for the general public.

    The IPO received a remarkable response, with 11,31,936 valid applicants applying for a total of 1,21,36,760 units, oversubscribing the offering by more than 14.12 times. The allotment process involved 85,930 applicants being allocated 10 units each through a lottery system, while the remaining 10,46,006 applicants were not allotted any shares. Additionally, 40,000 units were allotted to mutual funds, and 16,000 units were designated for company employees.

    Notably, a total of 2,381 applicants who had applied for 32,700 units were disqualified. The IPO results are available through various channels, including CDSC IPO Result, MeroShare, and RBB Merchant Banking Limited.

    Chirkhwa Hydropower Limited, established in January 2009, is actively engaged in the development of a 4.7 MW Upper Chirkhwa Khola Hydropower Project in the Bhojpur district, Province-1 of Nepal. This project is categorized as a run-of-the-river (R-o-R) type and is being developed at a 40% probability of exceedance. The project’s budgeted cost is NPR 910 million, with funding in a 60:40 debt-equity ratio. The debt component of NPR 545 million is secured with Rastriya Banijya Bank Limited. The project has achieved approximately 90-95% progress as of mid-January 2023. Furthermore, ICRA Nepal has reaffirmed Chirkhwa Hydropower Limited’s issuer rating at [ICRANP-IR] BB-, signifying a moderate risk of default regarding the timely servicing of financial obligations.

  • NEPSE Index Declines, Marking Lowest Close in Six Months Amid Market Downturn

    NEPSE Index Declines, Marking Lowest Close in Six Months Amid Market Downturn


    The Nepal Stock Exchange (NEPSE) Index concluded at 1,847.70 points, recording a loss of 10.86 points, which represents a 0.58% decrease compared to the previous day’s closing. It’s worth noting that this market performance marks a substantial downturn, with the index closing at its lowest point in the past six months. This level was last observed on May 17 when it concluded at 1,845.01 points. Moreover, there has been a significant decline of approximately 380 points since the announcement of this year’s Monetary Policy.

    The day’s trading activities commenced with the index opening at 1,858.27, reaching an intraday low of 1,842.73, while achieving an intraday high of 1,859.48.

    In the course of today’s trading, a total of 281 different stocks were actively traded in 45,763 transactions. The volume of shares traded amounted to 3,749,954 units, with a cumulative turnover of Rs. 96.44 Crore. The overall market capitalization stood at Rs. 28.46 Kharba, and the float market capitalization was at Rs. 9.97 Kharba.

    Asha Laghubitta Bittiya Sanstha Ltd Promoter Share (ALBSLP) led in terms of turnover, with a trading value of Rs. 10.10 crores, but it closed at a market price of Rs. 0.

    Similarly, Chandragiri Hills Limited (CGH) recorded the most substantial gain of 6.04% during the day’s trading, while Sayapatri Hydropower Limited (SPHL) faced the most significant loss, declining by 10.00% on the day.

    As for sector indices, all indices, except “Hotels And Tourism Index” and “Manufacturing And Processing,” closed in the red. “Hotels And Tourism Index” saw the most significant gain, increasing by 4.27%, while the “Mutual Fund” index recorded the most notable loss of 4.63% for the day.