Tag: Allotted

  • AHPC Successfully Allots 1:1 Right Shares: Unclaimed Shares to be Auctioned Soon

    AHPC Successfully Allots 1:1 Right Shares: Unclaimed Shares to be Auctioned Soon


    Arun Valley Hydropower Development Company Limited (AHPC) recently completed the allotment of its right shares at a 1:1 ratio on the 27th of Chaitra, 2080. Following the allotment process, shares were distributed to eligible applicants, while those who were not allotted shares will receive their refunds starting from the 30th of Chaitra, 2080.

    During the issuance period, which ran from the 17th of Falgun to the 7th of Chaitra, 2080, a total of 1,86,79,626 units of right shares were made available. The company declared the book closure date for its rights offering on Magh 15, ensuring that investors who held shares before this date were eligible to apply for the additional shares.

    Out of the total issuance, 1,66,87,492 shares were allotted to 33,714 valid applicants. However, there were 19,92,134 (10.66%) shares that remained unclaimed by eligible investors. These unclaimed shares will soon be auctioned off to the general public and institutions.

    Overall, the completion of the right shares allotment signifies an important step for AHPC in its efforts to raise capital and further its hydropower development initiatives.

  • Upper not allotted auction share refund issue

    Upper not allotted auction share refund issue


    So, I live far from my home town,I had urged my father to apply for auction share for UPPER.Sadly, he was not allotted with share and now he is complaining that he didn’t got the refund money till now . Can anyone explain how to get the refund or whom to contact? to get the refund

    View on r/NepalStock by utabchadab

  • Allotment Concluded for Kumari Sabal Yojana: 29,134 Valid Applicants Successfully Allocated Units

    Allotment Concluded for Kumari Sabal Yojana: 29,134 Valid Applicants Successfully Allocated Units


    Kumari Capital Limited recently launched its latest closed-end mutual fund, the “Kumari Sabal Yojana,” with a total value of Rs 1 Arba. The subscription period for this fund began on the 28th of Magh and concluded on the 13th of Falgun, 2080. The allotment process, conducted at Kumari Capital’s premises in Naxal, was finalized on the 16th of Falgun at 10 AM.

    Out of the total 10 crore unit shares, the scheme manager Kumari Capital Limited was allocated 10 lakh units worth Rs. 1 crore, while the fund sponsor Kumari Bank Limited received 1.4 crore units, representing 14% and valued at Rs. 14 crore. The remaining 8.5 crore units, amounting to Rs 85 crore, were issued to the general public.

    According to Kumari Capital, they received a total of 29,160 applications, and after careful scrutiny, 29,134 valid applicants were successfully allotted the issued units. Unfortunately, 26 applications were rejected due to the identification of duplicate submissions during the verification process.

    For those whose applications were rejected, the fund manager emphasizes the importance of adhering to application guidelines in future investment opportunities to ensure a smooth and successful process.

    Currently managing two closed-end funds, Kumari Equity Fund (KEF), and Kumari Dhanabriddhi Yojana (KDBY), along with one open-end fund, Kumari Sunaulo Lagani Yojana (KSLY), Kumari Capital Limited strengthens its diverse portfolio in the market with the successful introduction of the “Kumari Sabal Yojana.”

     

  • Nepal Investment Mega Bank Successfully Concludes Allotment for 10% Debenture 2090 Public Issue

    Nepal Investment Mega Bank Successfully Concludes Allotment for 10% Debenture 2090 Public Issue


    Nepal Investment Mega Bank Limited (NIMB) has recently completed the allotment process for the public offering of the “10% NIMB Debenture 2090” on the 10th of Falgun, 2080. The issuance, which commenced on the 1st of Falgun, concluded on the 4th of Falgun, 2080.

    A total of 40.40 lakh units were made available during the issuance, each having a par value of Rs. 1000. Out of the entire unit allocation, 60%, equivalent to 24.24 lakh units, was designated for subscription through private placement. Meanwhile, the remaining 16.16 lakh units, valued at Rs. 1.61 Arba, were open for public subscription. Additionally, 5%, amounting to 80.80 thousand units, were specifically set aside for mutual funds. The overall funds to be generated from this issuance are expected to total Rs. 4.40 Arba.

    The “10% NIMB Debenture 2090” is aptly named, signifying its nature as a debenture with a maturity period spanning 10 years and a fixed coupon rate of 10%. Prabhu Capital Limited played the role of the issue manager throughout this process.

  • Sarbottam Cement IPO Allots Shares to Locals; 73.28% Remain Unsubscribed

    Sarbottam Cement IPO Allots Shares to Locals; 73.28% Remain Unsubscribed


    Sarbottam Cement Limited has successfully completed the allocation of IPO shares intended for locals affected by industry in Nawalparasi District and mine excavation in Palpa District. The allocation was finalized today, on the 2nd of Falgun, 2080, at Global IME Capital’s office in Kathmandu, serving as the issue manager.

    The company offered a total of 9,30,000 units of IPO shares through a book-building process, priced at Rs. 360.90 per unit for the specified group of locals. The subscription period for this IPO took place from the 25th of Poush to the 25th of Magh, 2080. During this period, interested applicants were eligible to apply for a minimum of 50 units and a maximum of 10,000 units.

     

  • NIBL Stable Fund Allotted; Fund Size Extended to Rs. 113 Crores

    NIBL Stable Fund Allotted; Fund Size Extended to Rs. 113 Crores


    NIMB Ace Capital Limited launched its latest closed-end mutual fund scheme, named the “NIBL Stable Fund,” valued at Rs 1 Arba. The subscription period began on the 2nd of Magh and ended on the 16th of Magh, 2080. The allotment program took place at NIMB Ace Capital’s premises in Lazimpat on the 24th of Magh at 9 AM.

    Originally planning for 10 crore units at Rs 10 per unit, the fund saw significant oversubscription, prompting a resizing to 113% of its initial size. As a result, the total units issued for the “NIBL Stable Fund” reached 11.3 crore units.

     

  • Sarbottam Cement Successfully Allots IPO Shares to Overseas Nepali Workers; ICRA Nepal Reaffirms Ratings

    Sarbottam Cement Successfully Allots IPO Shares to Overseas Nepali Workers; ICRA Nepal Reaffirms Ratings


    Sarbottam Cement Limited has successfully allocated IPO shares to Nepali citizens employed abroad, concluding the allotment process on the morning of 17th Magh, 2080, at the premises of the issue manager, Global IME Capital, located in Kathmandu.

    The cement company had floated 267,000 units of IPO shares through the book-building process, offering them at a price of Rs. 360.90 exclusively for Nepali citizens working overseas. The subscription period for this Initial Public Offering extended from the 25th of Poush to the 10th of Magh, 2080. During this timeframe, interested applicants had the opportunity to apply for IPO shares, with a minimum application size of 50 units and a maximum of 10,000 units.

    The IPO garnered significant attention, evidenced by the receipt of 33,824 applications for the available 21,39,220 unit shares. Following the allocation process, it was observed that 14 applications, originally applying for 720 units, were disqualified. However, the majority of 33,810 applications were approved.

    Among the approved applications, 5,340 applicants out of the total 33,810 were successfully allotted 50 units each through a lottery system as part of the IPO allocation process.

    In a related development, ICRA Nepal has reaffirmed Sarbottam Cement Limited’s issuer rating as [ICRANP-IR] BBB+, emphasizing its stability. Additionally, ICRA Nepal has maintained the long-term rating at [ICRANP] LBBB+ and the short-term rating at [ICRANP] A2 for Sarbottam’s bank loan limits. This reaffirmation by ICRA Nepal underscores the company’s creditworthiness and financial standing in the market.

  • 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.

     

  • Himalayan Reinsurance Successfully Allocates IPO Shares to Nepalese Citizens Working Abroad

    Himalayan Reinsurance Successfully Allocates IPO Shares to Nepalese Citizens Working Abroad


    Himalayan Reinsurance Limited has successfully allocated IPO shares to Nepalese citizens working abroad, marking the completion of the allotment process on 24th Mangsir, 2080. The company, with a total issued capital of Rs. 10 Arba, allocated 30% or 3,00,00,000 unit shares for the public, including Nepalese citizens working abroad and the general public. In the specific category for Nepalese citizens working abroad, 10% or 30,00,000 unit shares were issued at a rate of Rs. 206 per share (Rs. 100 face value + Rs. 106 premium price) from December 4th to 18th Mangsir.

    The allotment module received a total of 32,056 applications for 4,338,650 units. Valid applications ranged from 10 to 170 units, with applicants in this range receiving their requested allocations in full. For those applying for 180 to 19,500 units, 170 units were allotted per applicant, and a lottery process determined an additional 10 units for 2,651 applicants.

    NMB Capital Limited served as the appointed issue manager, allowing applicants to place bids for a minimum of 10 units and a maximum of 300,000 units. Going forward, Himalayan Reinsurance Limited will issue the remaining 2,49,00,000 units for the general public from 27th Mangsir to 1st Poush, 2080, at a rate of Rs. 206 per share.

    The prominent promoters of Himalayan Reinsurance include key business conglomerates and significant financial institutions such as Golchha Group, Shanker Group, Infinity Holdings, Lucky Group, Ramesh Corp, Shiv Shakti Group, Himalayan Infrastructure Fund Ltd., Shalimar Investment, Saffron CK Investments, Vaishnav Enterprises, Murarka Group, K L Dugar Group, M V Dugar Group, R H Group, M S Corp, IME Group, Prem Gurung and Group, Ashlesha Enterprises, Allied Continental, and Balaji Marbles.

    ICRA Nepal has reaffirmed an issuer rating of [ICRANP-IR] A- for Himalayan Reinsurance Limited, signifying an adequate level of safety regarding the timely servicing of financial obligations and indicating low credit risk for the company.

  • Muktinath Krishi Company IPO Allotment Concludes with Overwhelming Response and Significant Oversubscription

    Muktinath Krishi Company IPO Allotment Concludes with Overwhelming Response and Significant Oversubscription


    The IPO allotment of Muktinath Krishi Company Limited was successfully concluded today at the headquarters of the issue manager, NIMB Ace Capital Limited, located in Kathmandu.

    Muktinath Krishi Company Limited had offered 11,48,000 units of IPO shares at a par value of Rs. 100 to the general public from the 8th to the 12th of Mangsir, 2080. Out of the total 14,00,000 units, 10% (1,40,000 units) were allocated to Nepalese citizens working abroad, 3% (42,000 units) were reserved for the company’s employees, and 5% (70,000 units) were set aside for mutual funds. The remaining 11,48,000 units were made available for the general public.

    The IPO garnered significant interest, receiving applications from 12,74,567 valid applicants who collectively applied for 1,36,04,910 units. The oversubscription rate exceeded 11.85 times. In the allotment process, 1,14,800 applicants were allotted 10 units each through a lottery system, while the remaining 11,59,767 applicants did not receive any allotment. Mutual funds were allotted 70,000 units, and 42,000 units were allocated to the company’s employees. However, 4,300 applicants who applied for 59,880 units were disqualified.

    The IPO result can be accessed through platforms such as CDSC IPO Result, MeroShare, and NIMB Ace Capital Limited.

    ICRA Nepal has reaffirmed Muktinath Krishi Company Limited’s issuer rating at [ICRANP-IR] BB-, indicating a moderate risk of default regarding the timely servicing of financial obligations. Muktinath Krishi Company is affiliated with Muktinath Bikash Bank, established in 2075 as the first public agricultural company. The company aims to play a managerial role in the agricultural value chain, contributing to Nepal’s agricultural economy through campaigns like “Krishak sanga Muktinath” and “Upabhoktaa sanga Muktinath.” The company operates in over 70 districts, maintaining more than 200 distribution channels and Agricultural Resource Centers.

  • Kumari Bank Successfully Concludes Allotment for 10% Debenture 2090 Issue

    Kumari Bank Successfully Concludes Allotment for 10% Debenture 2090 Issue


    Kumari Bank Limited (KBL) has successfully completed the allotment process for its recent “10% KBL Debenture 2090” offering on the 19th of Kartik, 2080. The subscription window for this debenture opened on the 2nd of Kartik and concluded on the 13th of Kartik, 2080.

    A total of 50 lakh units of these debentures were made available, each having a par value of Rs. 1,000. Notably, 60% of the total units, equivalent to 30 lakh units, were allocated through a private placement arrangement, while the remaining 40%, or 20 lakh units with a total value of Rs. 2 Arba, was opened up for the general public to subscribe.

    This debenture offering is expected to generate a total of Rs. 5 Arba in funds for the bank. The “10% KBL Debenture 2090” is named after its key features, featuring a maturity period of 10 years and a fixed coupon rate of 10%.

    Nabil Investment Banking Limited took on the role of the issue manager for this debenture offering, overseeing the various aspects of the issuance process.

  • Vision Lumbini Urja IPO Shares Allocated to Kaski Locals, Future Public Offering Planned

    Vision Lumbini Urja IPO Shares Allocated to Kaski Locals, Future Public Offering Planned


    Vision Lumbini Urja Company Limited has completed the allocation of its Initial Public Offering (IPO) shares to project-affected individuals in Kaski District. The distribution took place on Wednesday, 1st Kartik, at the office of Muktinath Capital Limited, the appointed issue manager for the IPO.

    The company’s total issued capital is Rs. 1.91 Arba, out of which 10% or 19,12,500 unit shares valued at Rs. 19.12 Crores were reserved for project-affected locals in Kaski District. An additional 10% of the company’s issued capital, equivalent to 19,12,500 unit shares, will be made available to the general public at a later date. Within this public issue, 10% of the shares, totaling 1,91,250 units, were specifically allocated for Nepalese citizens working abroad, and the subscription period for these shares concluded on 15th Ashwin, 2080.

    In an official notice, the company reported that approximately 14,24,590 units, or 74.48% of the total issued shares, have been allocated to eligible applicants. Consequently, the remaining 4,87,910 units will soon be offered to the general public, in addition to the 19,12,500 units earmarked for public issuance, representing 10% of the company’s issued capital.

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

    Vision Lumbini Urja Company Limited is actively engaged in the development of the 25-MW Seti Nadi Hydroelectric Project, situated in the Machhapuchchhre rural municipality of Kaski District in the Gandaki Province of Nepal. The project is classified as a run-of-the-river (R-o-R) type and is designed to operate at a 44.5% probability of exceedance. This information provides an overview of the recent developments and financial standing of the company.