Tag: 13th

Nepse TMS 13 Login | NEPSE Online Trading System
Thrive Brokerage House Pvt. Limited

Naxal, Kathmandu, Nepal.
01-4419051

Stock Broker Number 13

Nepse TMS 13 Login

Thrive Brokerage House Pvt. Ltd., a distinguished stock brokerage firm, traces its roots back to the year 2053 B.S. (15 July 1993 A.D.) when it was initially established. The company’s maiden registration took place under the purview of the Nepalese Company Act, bearing the name Annapurna Securities Pvt. Ltd. Notably, a significant transformation occurred on the 2nd of Shrawan, 2067 B.S. (18/07/2010 A.D.), when the company adopted its current identity as Thrive Brokerage House Pvt. Ltd. This evolution was duly registered in the Office of Company Registrar.

Thrive Brokerage House Pvt. Ltd. is backed by a stockbroker license issued by the Securities Board of Nepal (SEBON) and proudly holds membership with the Nepal Stock Exchange Ltd. (NEPSE). Furthermore, the company operates as a clearing member (CDSC) with CDS and Clearing Limited.

As a founding member of Nepal Stock Exchange Ltd. (NEPSE), Thrive Brokerage has been an active participant in the market since the inception of Nepal’s stock market, dating back to the era of the “Open Out Cry System.” The company holds the distinction of being the 13th firm among the initial 25 to be granted stock broking licenses in Nepal, recognized by its Stock Broker Member Code No. 13.

The headquarters of Thrive Brokerage are strategically located at Bacchapokhari Marg, Naxal, Kathmandu-1. Additionally, the company operates a Work Station office in Gairapatan, Pokhara-4, both of which commenced operations on the 25th Chaitra, 2066 B.S. (07/04/2010 A.D.).

Thrive Brokerage offers a comprehensive range of services, including full-fledged securities/shares broking services and Depository Participant (DP) services, facilitated through Nepal DP Limited—a publicly traded entity promoted by Thrive Brokerage.

With over two decades of active participation in the Nepalese stock market, Thrive Brokerage has garnered a substantial client base comprising satisfied individual investors who have engaged with us for an extended period. Our clientele also includes a mix of listed and non-listed public entities, along with numerous private organizations. Over the years, we have had the privilege of serving renowned global organizations, including:
1. The International Finance Corporation (IFC)
2. Asian Development Bank (ADB)
3. Hotels Oberoi
4. Korean Development Bank (KDB)
These partnerships underscore our commitment to excellence and our ability to cater to a diverse array of clients, both locally and on the international stage. Thrive Brokerage House Pvt. Ltd. remains dedicated to providing top-tier services and driving the growth of Nepal’s dynamic stock market.
April 9, 2024
Sarbottam Cement to Issue 27,76,076 Unit IPO Shares to Public from 13th Falgun

Sarbottam Cement Limited is starting its IPO of 27,76,076 shares from 13th Falgun, 2080. The closing date is on the 16th Falgun, with a possible extension to the 27th Falgun if it’s not fully subscribed. Initially, 2,67,000 shares were issued to Nepalese citizens working abroad, and 9,30,000 shares were allocated to locals affected by industry or mine excavation. Only 2,48,470 of these shares were taken up. Consequently, the remaining 4,87,910 shares from the project-affected locals are combined with 6,81,530 shares, totaling 30,84,530 units available for the general public.

February 15, 2024
Upper Tamakoshi Hydropower to Auction 1.7 Million Unsold Ordinary Right Shares

Upper Tamakoshi Hydropower Limited (UPPER) is gearing up to conduct an auction for 1,70,19,530 unsold ordinary right shares that remained from its earlier 1:1 rights offering. The auction is scheduled to take place from the 13th to the 29th of Poush, 2080.

The unsold portion of 1,70,19,530 units of ordinary right shares is the residual component from the company’s 1:1 ratio rights issuance, which was made available to its shareholders between the 18th of Bhadra and the 22nd of Ashwin, 2080. During the rights offering, only 8,88,80,470 units were allocated to eligible shareholders, leaving the remaining 1,70,19,530 units to be auctioned to the general public starting from the 13th of Poush.

The auction is open to both individuals and institutions, and Sunrise Capital Limited has been appointed as the issue manager for this right share auction. The minimum bid rate for the auction is set at Rs. 100, with a minimum bid quantity of 100 units and a maximum bid quantity of 5,00,000 units. While bidders have the option to bid for the entire issue, they are required to adhere to regulatory guidelines limiting the quantity of shares per entity.

As of the latest update, UPPER has a Last Traded Price (LTP) of Rs. 221.50.

December 21, 2023
“Nepal Insurance Company Announces 75th AGM with Dividend Approval and Key Agenda Items”

Nepal Insurance Company Limited (NICL) has scheduled its 75th Annual General Meeting (AGM) to take place on the 13th of Poush, 2080. The venue for the meeting is set at Nepal Pragya Pratisthan, Kamaladi, Kathmandu, with proceedings commencing at 11 am.

Among the various items on the agenda, the AGM will seek approval for a 10.5263% dividend for the fiscal year 2079/80. The decision to distribute this dividend was made during the 8th meeting of the board of directors held on Mangsir 9, 2080. The proposed dividend includes a 0.5263% cash dividend amounting to Rs. 78.67 lakhs and a 10% bonus shares allocation valued at Rs. 14.94 Crores. As of the latest available data, the existing paid-up capital of NICL stands at Rs. 1.49 Arba.

Additionally, the AGM will cover agendas such as the endorsement of the auditor’s report, inclusive of profit and loss statements, financial reports, and cash flow reports. The meeting will also address the appointment of an auditor for the fiscal year 2080/81 and seek approval for the appointment of directors.

The book closure date for the AGM is set on Mangsir 28. Shareholders holding positions before this date are entitled to the dividend payout and are eligible to participate in the AGM.

December 6, 2023
Liberty Energy Company approves right shares and elects new board members during 13th AGM

Liberty Energy Company held its 13th Annual General Meeting on April 8th, 2023, with Mr. Kush Kumar Joshi as the chair. During the meeting, all financial reports from the previous fiscal year were approved. The meeting also endorsed a proposal to offer 50% of right shares, equivalent to Rs 75 crore, to existing shareholders. Additionally, the election of new board members was approved, including Dr. Aatma Ram Ghimire, Mr. Shyam Bahadur Khadka, Mr. Rajendra Wasti, Mr. Puruswotam Ghimire, and Ms. Kabita Pokharel from the promoter group. Mr. Lochan Koirala from the public group and Ms. Anugya Sapkota were elected as independent board directors.

Liberty Energy Company currently operates three projects, which are Upper Dordi A and Lodo Khola in Lamjung and Badighad Khola in Gulmi, as stated in the media statement.

Liberty Energy Company held its 13th Annual General Meeting, where financial reports from the previous fiscal year were approved. The company also approved the proposal to offer 50% of right shares worth Rs 75 crore to existing shareholders. Moreover, the meeting elected new board members, including five members from the promoter group and two independent board directors.

Lastly, the media statement indicated that Liberty Energy Company is operating three projects: Upper Dordi A and Lodo Khola in Lamjung and Badighad Khola in Gulmi.

May 9, 2023
On the 25th of Baisakh, Liberty Energy Company will hold its 11th, 12th, and 13th annual general meetings.

Liberty Energy Company Limited (LEC) has scheduled its 11th, 12th, and 13th Annual General Meetings on the 25th of Baisakh, 2080. The meeting would begin at 11 a.m. that day at Amritbhog Caterings in Kalikasthan, Kathmandu.

April 17, 2023
Gurans Life Insurance Company Holds Annual General Meeting on Baisakh 06 to Approve 13.27% Bonus Dividend and Merger-Related Agendas

Gurans Life Insurance Company Limited (GLICL) has scheduled its 13th Annual General Meeting for the 6th of Baisakh, 2080. The meeting will begin at 10:30 a.m. that day at the company’s headquarters in Tinkune, Kathmandu.

Among the other items on the agenda, the AGM will approve 13.2712772% bonus shares for fiscal year 2078/79. The Board of Directors decided on Chaitra 09 to distribute 13.2712772% bonus shares for fiscal year 2077/78. The dividend will be paid from the company’s paid-up capital of Rs. 2,23,93,70,000. The bonus shares are thus worth Rs. 29,71,93,000. Pass the resolution to amend the Articles of Association to reflect the increased capital of the company as a result of the issuance of bonus shares.

March 29, 2023
The Cryptocurrency debate: Is legitimacy necessary?

Cryptocurrency, or “decentralized electronic currency,” is gaining popularity around the world these days. Last January, Nepal’s neighbor India published a “National Strategy on Blockchain” to regulate the technology. However, such currencies and transactions are absolutely prohibited in Nepal.

On the Internet recently, there has been a lot of discussion and information concerning cryptocurrencies. However, in Nepal, a correct understanding of this has yet to be created. Many people have heard of Bitcoin and have a basic knowledge of it. People, on the other hand, seemed to comprehend that ‘cryptocurrency’ means ‘bitcoin,’ and that ‘bitcoin,’ in turn, means ‘cryptocurrency.’ Not only the general people, but also the Nepal Rastra Bank, appears to believe this.

On the 13th of August 2017, the NRB issued a statement claiming that ‘Bitcoin transactions are unlawful in Nepal.’ This, however, has no bearing on other cryptocurrency coins.

Cryptocurrency and Bitcoin

According to CoinMarketCap, there are already over 10,000 cryptocurrencies in circulation around the world. Bitcoin, the first cryptocurrency, is the most valued and widely used. A Japanese programmer invented Bitcoin in 2009.

Thousands of cryptocurrencies, such as Bitcoin, are now available around the world. Ethereum, Polkadot, Ripple, and Dogecoin are examples of cryptocurrencies. In Nepal, however, the belief that Bitcoin is the only cryptocurrency is widespread.

Is it due to a lack of awareness or carelessness?

All economic transactions in Nepal are regulated by the Nepal Rastra Bank. The bank’s policy capacity is called into doubt by its statement on Bitcoin, which is also the guardian of banks, financial institutions, and digital service providers in the country.

Foreign exchange transactions can only be carried out with a license from the Rastra Bank, according to Nepalese legislation. Money must be remitted abroad to trade and invest in bitcoin. The NRB’s declaration on Bitcoin, which came after it was proclaimed that moving money overseas without permission is prohibited, appears to have caused even greater confusion among the people. Is it allowed to invest in other coins? This is an intriguing question that occurs.

Investing possibilities

The worldwide media has recently reported on persons who have made millions of dollars by investing in cryptocurrency.

Two weeks ago, it was reported that a high-ranking Gold Sachs employee had resigned after earning tens of millions of dollars using DogeCoin. Similarly, word circulated quickly that a 25-year-old American had become a millionaire at such a young age by investing in Bitcoin. While its investment and business are growing in Europe and the United States, as well as in India, it is outlawed in Nepal.

At first look, Bitcoin does not appear to be a viable investment option in Nepal, where it is prohibited to transmit money overseas without the approval of the central bank. However, based on posts and statuses on social media and in groups, it appears that a significant quantity of money is being traded surreptitiously from Nepal.

Nepalis are investing in several ways, such as through the creation of websites, peer-to-peer transactions, or through friends and relatives residing abroad. People that invest in cryptocurrencies join groups on social media sites such as Facebook, WhatsApp, and Viber to trade it. Transactions, on the other hand, are not readily apparent because it is against the law.

Limitation of the declaration of illegality to paper

Many business operations that have been declared illegal by Nepalese law have not been stopped by the government. It doesn’t matter if it’s betting, Hundi, or e-commerce.

The indifference of stakeholders, despite the fact that the government’s policies and judgments are limited to paper, and the knowledge that comes out in pieces about these transactions that are done invisibly, is astounding.

Khalti, a digital service provider, alerted the Rastra Bank in April, requesting an investigation into the transaction statements of roughly a thousand users on suspicion of betting. However, the NRB has yet to take any action or make any statements in this regard.

Similarly, despite the fact that the Hundi business of transporting money from Nepal to foreign countries is unlawful, it appears that no action has been taken. Similarly, the Nepal Rastra Bank and the government appear to be on the same page when it comes to Bitcoin.

Is it important to have legitimacy?

This can be viewed from two angles. The world’s most powerful economies have endorsed cryptocurrencies, proclaiming it to be the currency of the future. Cryptocurrencies are being used to pay for restaurant bills, Netflix subscriptions, Tesla cars, and even sports tickets in some regions.

Its instantaneous legitimacy is unthinkable in Nepal, where moving money overseas is a crime. However, if Nepalese policymakers can interpret cryptocurrencies and Bitcoin differently in the near future, it may obtain legitimacy.

Trading in cryptocurrencies, which resembles stock market transactions, is less expensive than trading in fiat money (rupee, dollar, euro, pound, etc.) since cryptocurrency transfers do not require the use of a third party (bank). Without the need of a third party, money can be sent from anywhere in Nepal to anywhere in the world.

Cryptocurrency transactions are made feasible via blockchain technology. As a result, there is no need for a third party to complete the transaction. As a result, transactions are simple, secure, and rapid.

How do the transactions take place?

By opening a TMS account, you can purchase and sell cryptocurrency in the same manner you can buy and sell stocks (on the stock market). Buying and selling takes place on a variety of platforms. It can be traded on sites such as Binance, Crypto.com, Robinhood, Etoro, and Coinbase, for example.

To store this, you’ll need a crypto wallet. The use of blockchain technology is thought to be safe and dependable. To put it another way, transactions on the platforms can be compared to money kept in eSewa, and using a crypto wallet to make bank account deposits.

January 3, 2023