• “Sadhana Laghubitta Bittiya Sanstha Limited (SDLBSL) Initiates Auction of Promoter Shares to General Public and Institutions”

    “Sadhana Laghubitta Bittiya Sanstha Limited (SDLBSL) Initiates Auction of Promoter Shares to General Public and Institutions”


    The current promoters of Sadhana Laghubitta Bittiya Sanstha Limited (SDLBSL) have initiated the sale of 111,995 units of their promoter shares through an auction, open to both the general public and institutions, starting today, which corresponds to the 2nd of Ashwin, 2080, as per the Nepali calendar.

    Previously, the company had issued a notice regarding the auction of these promoter shares, providing a 35-day window for applications. However, as no applications were received during that period, the company has now reissued a notice, inviting the general public and institutions to participate in the auction.

    The auction will involve a total of 111,995 units of SDLBSL’s promoter shares, and individuals or institutions interested in participating can place their bids. To take part in the auction, interested parties must submit their bids at the company’s central office, located in Haramtari, Gorkha, within a seven-day period.

    As of the latest information available, SDLBSL’s Last Traded Price (LTP) stands at Rs. 595.10.

  • NEPSE Index Records Gains in Latest Trading Session, Led by Strong Performance in Hydropower Sector

    NEPSE Index Records Gains in Latest Trading Session, Led by Strong Performance in Hydropower Sector


    In the latest trading session at the Nepal Stock Exchange (NEPSE), the NEPSE Index closed at 1,985.43 points, marking a notable increase of 16.24 points or 0.82% in comparison to the previous day’s closing figures. This follows a modest uptick of 4.26 points on Monday.

    The trading day commenced with the NEPSE Index opening at 1,970.42 points and reaching a low of 1,960.62 points during the course of the trading session. However, it managed to climb to a high point of 1,986.72 points.

    Throughout today’s trading activities, a total of 272 different stocks were traded, with an impressive 50,296 transactions taking place. This high trading volume amounted to 43,36,583 shares changing hands, contributing to a total turnover of Rs. 1.17 Arba. The overall market capitalization was reported at Rs. 29.92 Kharba, with a float market capitalization of Rs. 10.54 Kharba.

    Reliable Nepal Life Insurance Limited (RNLI) took the lead in terms of turnover, with transactions worth Rs. 10.64 crores, closing at a market price of Rs. 485.50 per share. Similarly, Shuvam Power Limited (SPL) recorded the highest gain of the day at 10%, followed closely by Three Star Hydropower Limited (TSHL) with a gain of 9.99%.

    Conversely, Emerging Nepal Limited (ENL) experienced the most significant loss for the day, with a decrease of 8.00%.

    Looking at the sub-indices, both the Hotel and Tourism Index and the Trading Index concluded in the negative territory, while the “Hydropower Index” showcased the most substantial gain at 3.21%. The “Mutual Fund and Other” sub-index had a more modest gain, standing at 0.11%.

  • Nesdo Sambridha Laghubitta Bittiya Sanstha’s 4th AGM: Cash Dividend and Key Agendas

    Nesdo Sambridha Laghubitta Bittiya Sanstha’s 4th AGM: Cash Dividend and Key Agendas


    Nesdo Sambridha Laghubitta Bittiya Sanstha Limited, known as NESDO, has scheduled its 4th Annual General Meeting (AGM) for the 26th of Ashwin, 2080. This important meeting will take place at the Royal Kushma Resort, situated in Kusma, Parvat, commencing at 11 AM on the specified day.

    One of the key items on the AGM’s agenda is the endorsement of a 17.9342% cash dividend amounting to Rs. 4.57 Crores for the fiscal year 2078/79. Interestingly, during the 78th company meeting held on Chaita 10, 2079, a dividend of 73.6842% was proposed, including both bonus shares and cash dividends (inclusive of tax). This was based on the accumulated profits of the organization for the financial year 2078/79. However, subsequently, on Baisakh 04, 2080, the Nepal Rastra Bank approved a reduced dividend percentage of 17.9342%. It’s important to note that the current paid-up capital of the company stands at Rs. 25.50 Crores.

    Additionally, the AGM will cover other critical topics such as the approval of the auditor’s report, which includes the Profit and Loss statements, financial reports, and cash flow reports for FY 2078/79. Furthermore, the appointment of an auditor for the fiscal year 2079/80 will be discussed. The meeting will also seek to grant the Board of Directors authority to oversee any merger or acquisition activities related to the company.

    For shareholders interested in attending and being eligible for dividend payouts, it’s crucial to be aware of the book closure dates, which are from Ashwin 18 to Ashwin 26. Shareholders who maintain their status as of Ashwin 18 will be entitled to participate in this AGM and receive their dividends.

  • “NIC ASIA Bank Proposes 29% Bonus Shares and 1.5% Cash Dividend for Shareholders”

    “NIC ASIA Bank Proposes 29% Bonus Shares and 1.5% Cash Dividend for Shareholders”


    During its 629th board meeting convened on Bhadra 28, 2080, NIC ASIA Bank unveiled a proposition to grant its shareholders a dividend package consisting of 29% bonus shares and 1.5% cash dividend. This allocation of dividends is a reflection of the bank’s profits accrued in the previous fiscal year. The aggregate dividend sum totals Rs 3.53 arba and will be distributed to the shareholders subsequent to receiving approval from the Nepal Rastra Bank and upon the culmination of the bank’s forthcoming 26th Annual General Meeting (AGM), according to an official statement from the bank.

    As of now, NIC ASIA Bank boasts an extensive presence across the nation, encompassing 360 branches, 608 ATM outlets, 109 extension counters, and 61 branchless banking units, demonstrating its widespread reach in the financial sector.

  • Himalayan Laghubitta Bittiya Sanstha (HLBSL) Alters Ownership Structure with Conversion of Promoter Shares to Public Shares

    Himalayan Laghubitta Bittiya Sanstha (HLBSL) Alters Ownership Structure with Conversion of Promoter Shares to Public Shares


    A significant development has occurred with Himalayan Laghubitta Bittiya Sanstha Limited (HLBSL), where 287,836 units of the company’s promoter shares have recently been transformed into public shares. This transformation has altered the ownership structure of HLBSL, resulting in a new ratio of 51% promoter shares to 49% public shares.

    To provide a clearer picture of the company’s shareholding, HLBSL currently has a total of 3,198,182 units of shares listed on the Nepal Stock Exchange (NEPSE). Prior to this change, the share distribution was such that the promoters held 60% of the company’s shares, equivalent to 1,918,909 units, while the remaining 40% was in the hands of the public, amounting to 1,279,273 units. Following the recent conversion, the ownership structure now consists of 51% promoter shares, totaling 1,631,073 units, and 49% public shares, totaling 1,567,109 units.

    As of the last reported data, HLBSL’s closing stock price stood at Rs. 616 on the previous Wednesday.

  • Nepal Stock Exchange (NEPSE) Reports Significant Decline in Latest Trading Session

    Nepal Stock Exchange (NEPSE) Reports Significant Decline in Latest Trading Session


    In the most recent trading session, the Nepal Stock Exchange (NEPSE) Index concluded at a value of 1,964.91 points, reflecting a significant decline of 42.14 points or 2.09% when compared to the closing figures from the previous day. Just a day earlier, on Wednesday, the index had inched up slightly, gaining 39.48 points.

    The day’s trading began with the NEPSE Index opening at 2,009.99 points, but it later dipped to an intraday low of 1,961.05 points. However, there was a momentary upswing, with the market reaching an intraday high of 2,010.86 points.

    During the trading session, a total of 278 different stocks were exchanged in 72,477 transactions. The trading volume was substantial, with 5,659,458 shares changing hands, resulting in a turnover of Rs. 2.02 Arba. The market’s overall capitalization was recorded at Rs. 29.41 Kharba, while the float market capitalization was Rs. 10.37 Kharba.

    Among the individual stocks, NIC Asia Bank Ltd. (NICA) stood out with the highest turnover, reaching Rs. 27.54 crores, and it closed at a market price of Rs. 814. Similarly, Shuvam Power Limited (SPL) experienced the most significant gain, with a 10% increase, followed by Three Star Hydropower Limited (TSHL) with a gain of 7.89%. On the other hand, Molung Hydropower Company Limited (MHCL) faced the biggest decline, losing 9.21% during the trading session.

    In terms of sector performance, all sub-indices ended the day in the red, with the “Trading Index” experiencing the most significant loss of 3.33%, while the “Mutual Fund” sub-index had the smallest decline at 0.35%.

  • Mid-Solu Hydropower Initiates IPO Offering: 6,21,172 Units Available for Public Subscription

    Mid-Solu Hydropower Initiates IPO Offering: 6,21,172 Units Available for Public Subscription


    Mid-Solu Hydropower Company Limited has initiated the issuance of 6,21,172 IPO shares, each with a par value of Rs. 100, starting from the 29th of Bhadra, 2080. The early closing date for this IPO issue is set for the 2nd of Ashwin, and in the event that it is not fully subscribed, the closing date may be extended up to the 12th of Ashwin, 2080.

    Out of the total 7,48,400 units of IPO shares, 10% amounting to 74,840 units has already been allocated to Nepalese citizens working abroad. Additionally, 2% (14,968 units) has been reserved for the company’s employees, and 5% of the total offered shares, equivalent to 37,420 units, has been set aside for mutual funds. The remaining 6,21,172 units are available for subscription by the general public, with the IPO opening today.

    Previously, the company had issued 7,48,400 IPO shares, which constituted 10% of the issued capital, specifically allocated to project-affected locals in Solukhumbu district from the 14th to the 30th of Shrawan, 2080.

    NIC Asia Capital Limited has been appointed as the issue manager for this IPO. Interested investors can apply for a minimum of 10 units and a maximum of 10,000 units.

    Mid-Solu Hydropower Limited has received an issuer rating of [ICRANP-IR] BB+ (pronounced ICRA NP issuer rating double B plus) from ICRA Nepal. This rating indicates a moderate risk of default in terms of meeting financial obligations on time.

    The company, initially established as a private limited entity on April 19, 2017, transitioned to a public limited company on June 30, 2021, to facilitate public participation. Currently, Mid-Solu Hydropower Limited is engaged in the development of a 9.5-MW Mid-Solu Khola Hydropower Project in Solukhumbu district, Province 1 of Nepal. This project follows a run-of-the-river (R-o-R) model and is being developed with a 40.9% probability of exceedance.

  • Prabhu Capital Limited to Hold 15th AGM: Dividend and Key Agendas on the Table

    Prabhu Capital Limited to Hold 15th AGM: Dividend and Key Agendas on the Table


    Prabhu Capital Limited (PRABHU) has convened its 15th Annual General Meeting (AGM) for the 19th of Ashwin, 2080. The meeting is scheduled to take place at the Aranya Boutique Hotel and Restaurant, located on Nagpokhari Marga in Kathmandu, and is set to commence at 1:00 PM on that day.

    One of the primary items on the AGM’s agenda is the endorsement of dividends. The company’s board has proposed the distribution of cash dividends, amounting to 6.3158% inclusive of tax, derived from the profits of the fiscal year 2079/80.

    Additionally, the AGM will address several other important matters, including the approval of financial reports for the fiscal year 2079/80, the endorsement of the auditor’s report containing Profit and Loss statements, Balance Sheet, Financial reports, and cash flow reports for the same fiscal year. The meeting will also consider the appointment of auditors and the determination of their remuneration for the fiscal year 2080/81.

    Furthermore, there will be discussions and decisions regarding the appointment of new Directors to the company’s board. These various agenda items reflect the company’s commitment to transparency, financial accountability, and effective corporate governance, ensuring the interests of its shareholders and stakeholders are duly considered and addressed.

  • NMFBS Promoter Shares Auction Open to General Public and Institutions

    NMFBS Promoter Shares Auction Open to General Public and Institutions


    The current promoters of National Laghubitta Bittiya Sanstha Limited (NMFBS) have initiated the auction of 62,500 units of shares, starting from today, which is the 29th of Bhadra, and continuing until the 12th of Ashwin, 2080. This auction is open to existing interested promoter shareholders, as well as the general public and institutions.

    The auction specifically involves 62,500 units of promoter shares of NMFBS, and eligible participants, including promoter shareholders, the general public, and institutions, can submit their bids. The minimum bid rate for these shares has been set at Rs. 530 per unit, with a requirement that the minimum bid quantity for promoter shares must be 1000 units. However, participants should ensure that their applied units do not exceed the limit set by the Nepal Rastra Bank (NRB).

    The auction management responsibilities are being handled by NIMB Ace Capital Limited, and the opening of bids is scheduled to take place at the premises of the auction manager on the 14th of Ashwin, 2080.

    As of the current status, NMFBS has a Last Traded Price (LTP) of Rs. 1072, which is relevant information for potential investors considering participation in the auction. This auction provides an opportunity for interested parties to acquire NMFBS promoter shares at the specified terms and conditions.

  • Domestic Gold Prices Surge by Rs. 600 per Tola, Silver Also Rises in Nepali Market

    Domestic Gold Prices Surge by Rs. 600 per Tola, Silver Also Rises in Nepali Market


    In the domestic market today, the price of gold has seen a notable increase, surging by Rs. 600 per tola. The official website of the Federation of Nepal Gold and Silver Dealers’ Association (FENEGOSIDA) reports that fine gold is currently being traded at Rs. 111,800 per tola, marking a significant rise from yesterday’s rate of Rs. 111,200 per tola. Likewise, Tejabi gold is now valued at Rs. 111,250 per tola, as opposed to the previous day’s rate of Rs. 110,650 per tola.

    In addition to the increase in gold prices, silver has also experienced a modest uptick, rising by Rs. 10 per tola. Presently, silver is being traded in the local market at Rs. 1,395 per tola, whereas it closed at Rs. 1,385 per tola the day before.

    It’s worth noting that the current international rates for these precious metals stand at USD $1,915.40 per ounce for gold and $22.90 per ounce for silver. These fluctuations in gold and silver prices can have implications for investors and consumers alike, and they often reflect broader economic trends and market dynamics.

  • NIC Asia Bank Declares 30.5% Dividend After Two-Year Hiatus

    NIC Asia Bank Declares 30.5% Dividend After Two-Year Hiatus


    NIC Asia Bank Limited (NICA) has made an important financial announcement by declaring a dividend for its investors. The decision was reached during a meeting of the bank’s board of directors on Thursday, the 28th of Bhadra. The dividend distribution plan is based on the profits generated during the financial year 79/80.

    Under the proposed dividend plan, NIC Asia Bank intends to allocate a substantial 30.5% of its total paid-up capital to shareholders. This allocation will consist of 29% in the form of bonus shares and 1.5% as cash dividends, which serves the purpose of covering tax obligations.

    This announcement marks a significant change in the bank’s dividend distribution policy. NIC Asia Bank had not distributed dividends to its investors for the past two years. Now, they are proposing a 30.5% dividend distribution, demonstrating their commitment to providing returns to their shareholders.

    It’s important to note that the actual distribution of the dividend is subject to regulatory approval by the Nepal Rastra Bank and will require ratification at the upcoming general meeting of the company. NIC Asia Bank’s decision to declare dividends aligns with similar moves made by other commercial banks like Machhapuchhre, Everest, and Sanima Bank, all of which have also announced proposed dividends based on the profits of the financial year 79/80.

  • NEPSE Index Surges 3.86% in 4-Day Trading Week Following Previous Week’s Losses

    NEPSE Index Surges 3.86% in 4-Day Trading Week Following Previous Week’s Losses


    This week, the Nepal Stock Exchange (NEPSE) was active for only four trading days due to Thursday being a holiday. During these four days, the NEPSE index showed significant upward momentum, closing at 2007.06 points. This marked an impressive gain of 74.61 points, equivalent to a 3.86% increase. This positive performance was a stark contrast to the previous week when the index had closed at 1,932.45 points, reflecting a 2.92% loss.

    Throughout the trading week, the NEPSE index experienced fluctuations, reaching its highest point at 2,007.06 and the lowest point at 1,933.12. This level of volatility amounted to a substantial 73.94 points. Comparatively, the preceding week had seen slightly lower volatility, with fluctuations of 60.52 points.

    The highest intraday loss during the week occurred on Monday, with a significant drop of 44.31 points. This drop coincided with a turnover of Rs 1.51 Arba on that particular day. However, when considering the entire week, the total turnover amounted to a more substantial Rs 5.22 Arba, indicating active trading and investment activities in the market.

    In summary, the NEPSE index demonstrated remarkable resilience and gained substantial ground during the four trading days of the week, erasing losses from the previous week. Despite some intraday fluctuations, the overall performance was positive, reflecting growing investor confidence and trading activity in the market.