Tag: and

  • “Upper Lohore Hydropower Company Limited Announces IPO Updates: Closure for Nepalese Citizens Working Abroad and Extension for Project-Affected Locals”

    “Upper Lohore Hydropower Company Limited Announces IPO Updates: Closure for Nepalese Citizens Working Abroad and Extension for Project-Affected Locals”


    Upper Lohore Hydropower Company Limited has provided updates regarding its initial public offering (IPO) of shares. The IPO is now closed to Nepalese citizens working abroad as of the 21st of Ashad, 2080. However, the deadline for project-affected locals in the Dailekh District has been extended until the 5th of Shrawan. The IPO process started on the 7th of Ashad, 2080.

    The company’s issued capital is Rs. 50.98 Crores, with 10% of the shares, worth Rs. 5.09 crores, allocated to project-affected locals in Dailekh District. Another 39% of the company’s issued capital, equivalent to 19,88,236 units, will be offered to the general public at a later date. Within the public issue, 10% of the shares, totaling 198,824 units, are reserved for Nepalese citizens working abroad, and the closing date for their participation is today.

    The minimum application quantity for both project-affected locals and Nepalese citizens working abroad is 10 units, while the maximum is 25,000 units.

    NIC Asia Capital Limited is the appointed issue manager, and after the IPO, the promoter-public share ratio will be 51:49.

    According to the Central Depository System and Clearing Limited (CDSC), 23,846 applications have been received from Nepalese citizens working abroad, with a total of 585,570 units applied for so far.

    The Upper Lohore Hydropower Company Limited has been assigned a ‘CARE-NP BB- (Is)’ rating by Credit Rating Nepal Limited (CRNL), indicating a moderate risk of default regarding financial obligations in Nepal.

    Established as a private limited company on November 10, 2017, the Upper Lohore Hydropower Company Limited has since become a public limited company. The company’s main focus is the development of the Upper Lohore Hydropower Project in the Dailekh district, with a capacity of 4MW as a run-of-the-river type project.

  • Announcement: Nepal Infrastructures Investment Fund Limited Calls 1st Special General Meeting to Discuss Key Agendas and Shareholder Participation

    Announcement: Nepal Infrastructures Investment Fund Limited Calls 1st Special General Meeting to Discuss Key Agendas and Shareholder Participation


    Nepal Infrastructures Investment Fund Limited has announced its plans to hold the 1st Special General Meeting (SGM) on the 7th of Shrawan, 2080. The meeting will take place in Jhamsikhel, Lalitpur, and is scheduled to commence at 10 am on the aforementioned day.

    The SGM will address several important agendas that require the attention and participation of the shareholders. Firstly, there will be a proposal to amend the Articles of Association, which are the fundamental rules governing the company’s operations. This suggests that certain changes or updates are being considered to ensure the smooth functioning and adaptability of the organization.

    Additionally, another significant item on the agenda is the issuance of 100% right shares from the company’s paid-up capital. This means that existing shareholders will have the opportunity to acquire additional shares in proportion to their existing holdings. The Board of Directors (BODs) will be entrusted with the responsibility of overseeing this process, granting them full authority in its execution.

    Furthermore, the meeting aims to discuss the recruitment of strategic founding investors following the issuance of the right shares. This indicates the company’s intention to bring in new investors who can contribute strategically to the growth and development of the organization. By attracting these investors, Nepal Infrastructures Investment Fund Limited aims to strengthen its financial position and gain valuable expertise and resources.

    It is important to note that the book closure date has been set for Ashad 28. This means that only shareholders registered before this date will be eligible to attend the SGM. Therefore, shareholders are urged to ensure their registration is completed before Ashad 28 to participate in this significant meeting.

    Overall, the 1st Special General Meeting of Nepal Infrastructures Investment Fund Limited holds great importance for the company and its shareholders. The proposed agendas, including the amendment of the Articles of Association, issuance of right shares, and recruitment of strategic founding investors, reflect the company’s efforts to enhance its operations and secure a strong financial foundation for future growth.

  • NEPSE Board Meeting to Discuss Approval for Seven Brokers and NEPSE-30 Index Operation Tomorrow.

    NEPSE Board Meeting to Discuss Approval for Seven Brokers and NEPSE-30 Index Operation Tomorrow.


     

    The Board of Directors of Nepal Stock Exchange (NEPSE) has planned a meeting for Wednesday morning. The meeting will cover important topics such as granting final approval to seven broker companies and deciding on the operational details of the NEPSE-30 index. Murahari Parajuli, the Company Secretary and Information Officer at NEPSE, confirmed these agendas during a phone interview with Sharesansar.

     

  • SEBON Grants IPO Approval to Five Companies, Including Two Life Insurance, Two Hydropower, and One Investment Sector Firm.

    SEBON Grants IPO Approval to Five Companies, Including Two Life Insurance, Two Hydropower, and One Investment Sector Firm.


     

    SEBON Approves IPO Issue of 5 Companies; Hathway Investment Nepal to Raise Rs. 14.62 Crores

    The Securities Exchange Board of Nepal (SEBON) has given its approval for the initial public offering (IPO) of five different companies. One of them, Hathway Investment Nepal Limited, plans to issue 29.25 lakh shares at a par value of Rs. 50 per share. This will raise approximately Rs. 14.62 crores for the company, which accounts for 12.5% of its total issued capital. Currently, Hathway Investment Nepal has a paid-up capital of Rs. 1.02 Arba, and after the IPO allotment, it will increase to Rs. 1.17 Arba. Global IME Capital Limited has been appointed as the issue manager for this IPO. The proposal received SEBON’s approval on Ashad 17.

  • TPC Proposes 100% Rights Share Issuance for Hydropower Project and Investments

    TPC Proposes 100% Rights Share Issuance for Hydropower Project and Investments


    Terhathum Power Company Limited (TPC) has suggested giving 100% rights shares to its existing shareholders. This decision was taken during a meeting of the Board of Directors on Ashad 12, 2080. The main aim behind issuing these rights shares is to support the progress of the Khorunga Tangmaya Khola hydropower project, which has a capacity of 2 MW. Furthermore, the funds generated from the rights shares will be utilized for investments in other hydropower companies that provide dividends to their investors.

     

  • Nepal and India Sign 5-Year Pact for 200 MW Power Supply

    Nepal and India Sign 5-Year Pact for 200 MW Power Supply


    India and Nepal have made a significant agreement for India to purchase 200 megawatts (MW) of electricity from Nepal during the rainy season. The deal will last for five years and is seen as an important step in their long-term electricity trade. Unlike the previous method of selling electricity through a competitive market, this new agreement will provide a steady and reliable supply of power to India.

     

  • Samata Gharelu Laghubitta and Mahuli Laghubitta Bonus Shares Listed on NEPSE

    Samata Gharelu Laghubitta and Mahuli Laghubitta Bonus Shares Listed on NEPSE


     

    Samata Gharelu Laghubitta Bittiya Sanstha Limited (SMATA) recently listed 5,14,116.29 unit bonus shares on the Nepal Stock Exchange (NEPSE). During its 9th Annual General Meeting held on the 11th of Chaitra, the company approved an 18% dividend amounting to Rs. 6.16 Crores for the fiscal year 2078/79. Furthermore, in a board meeting on Magh 20, it was decided to distribute 15% bonus shares worth Rs. 5.14 crore and a 3% cash dividend worth Rs. 1.02 crore from the company’s paid-up capital of Rs. 34.27 Crores. These bonus shares are now available for trading on NEPSE.

     

  • “Manakamana Engineering Hydropower to Issue IPO Shares to Dolakha Locals and Nepali Expats”

    “Manakamana Engineering Hydropower to Issue IPO Shares to Dolakha Locals and Nepali Expats”


     

    “Manakamana Engineering Hydropower Limited Announces IPO for Locals and Nepalese Citizens Abroad”

    Manakamana Engineering Hydropower Limited has released an offer letter for an Initial Public Offering (IPO) specifically targeting project-affected locals from Dolakha District and Nepalese citizens working abroad. The IPO will be open for subscription from the 19th of Ashad to the 2nd of Shrawan, 2080. It is important to note that if the issue is not fully subscribed by the early closing date, it may be extended until Shrawan 17 for the locals of Dolakha District. However, the early closing date will remain fixed for Nepalese citizens working abroad, and no extension will be granted beyond that date.

  • “Auction of Promoter Shares of Jyoti Bikash Bank and Prabhu Bank Begins Today”

    “Auction of Promoter Shares of Jyoti Bikash Bank and Prabhu Bank Begins Today”


     

    Jyoti Bikash Bank Limited (JBBL) is offering 168,496 units of promoter shares for sale through a public auction. The auction is open to individual investors, companies, and institutions, and will take place from the 10th to the 17th of Ashad, 2080. The minimum bid rate is set at Rs. 126, and the minimum bid quantity for the promoter shares is 1,000 units. While bidders can bid for the entire issue, they must adhere to the Nepal Rastra Bank’s regulation, which specifies a maximum quantity of shares per entity that should not be exceeded.

     

  • Sana Kisan Bikas Laghubitta and RMDC Laghubitta Joint Transaction Begins on Ashad 24

    Sana Kisan Bikas Laghubitta and RMDC Laghubitta Joint Transaction Begins on Ashad 24


    Sana Kisan Bikas Laghubitta Bittiya Sanstha Limited (SKBBL) and RMDC Laghubitta Bittiya Sanstha Limited (RMDC), both licensed financial institutions in Nepal, have successfully completed their merger process. The merger was approved through a special resolution passed separately by the Annual General Meetings (AGMs) of both companies. The swap ratio of 1:0.87 was endorsed, meaning that shareholders who previously owned 100 shares of RMDC Microfinance would now receive 87 shares of the merged entity. Furthermore, the merger has obtained final permission from regulatory bodies including the Nepal Rastra Bank (NRB), Securities Board of Nepal (SEBON), and the Office of the Registrar of Companies, as per the official letter received.

     

  • NEPSE Weekly Summary: 0.66% Gain with Technical Analysis, Sector Comparison, and Major Highlights

    NEPSE Weekly Summary: 0.66% Gain with Technical Analysis, Sector Comparison, and Major Highlights


     

    The Nepse index ended the week at 2,055.53, gaining 13.46 points or 0.66%. Last week, it closed at 2,042.07, with a gain of 5.28% compared to the previous week. Throughout the week, the index fluctuated between a high of 2,116.89 and a low of 2,038.24, experiencing a total volatility of 78.65 points. In the previous week, the index had a higher volatility of 125.23 points.

     

  • “Nepse Sees Marginal 0.23% Gain as Hotel and Tourism Index Surges”

    “Nepse Sees Marginal 0.23% Gain as Hotel and Tourism Index Surges”


     

    Today, the NEPSE index, which represents the stock market performance in Nepal, closed at 2,055.53 points. It gained 4.75 points compared to the previous trading day, resulting in a 0.23% increase. Yesterday, the index had experienced a loss of 14.05 points.

    The trading day started with the index opening at 2,054.62 points. Throughout the day, it reached its highest point at 2,074.38 and the lowest point at 2,042.28. Finally, it settled at 2,055.53 points when the trading session ended.

    During the day, there were 276 different stocks traded, and these transactions amounted to 56,556 trades. In total, 8,008,246 shares were exchanged, with a total turnover amount of Rs. 3.44 Arba. However, this turnover was slightly lower than the previous trading day’s turnover of Rs. 3.49 Arba.