Tag: App

  • Citizens Capital Limited Closes “Citizens Super 30 Mutual Fund” Issue to General Public

    Citizens Capital Limited Closes “Citizens Super 30 Mutual Fund” Issue to General Public


    Citizens Capital Limited has announced the closure of its mutual fund scheme, “Citizens Super 30 Mutual Fund”, to the general public from 20th Baisakh, 2080. The issue was opened on the 6th of Baisakh and was supposed to close on the 10th of Baisakh, 2080. However, as the issue manager didn’t receive enough applications, the issue was extended until the 20th of Baisakh.

    Out of a total of 10 crore unit shares, 1.50 crore units worth Rs. 15 crores have been allocated to the fund promoter, Citizens Bank International Limited, while the remaining 8.5 crore units are for the general public. The fund will be traded in the Nepal Stock Exchange (NEPSE) and has a maturity period of 10 years. Interested applicants can apply for a minimum of 100 units and a maximum of 10,000,000 units.

    According to the CDSC, a total of 15,683 applicants have applied for 47,295,800 units worth Rs. 47.29 crore so far. This indicates a good response to the scheme, even though the issue was extended due to insufficient applications.

    Citizens Capital Limited currently manages two closed-end funds in the market, Citizens Mutual Fund-1 (CMF1) and Citizens Mutual Fund-2 (CMF2). The closure of the Citizens Super 30 Mutual Fund scheme is expected to be beneficial for investors looking to invest in a diversified portfolio and achieve long-term financial goals.

  • Swabalamban Laghubitta Bittiya Sanstha Limited (SWBBL) lists 16.83 lakh unit bonus shares on NEPSE following 21% dividend approval

    Swabalamban Laghubitta Bittiya Sanstha Limited (SWBBL) lists 16.83 lakh unit bonus shares on NEPSE following 21% dividend approval


    Swabalamban Laghubitta Bittiya Sanstha Limited (SWBBL) has listed 16,83,255 unit bonus shares on NEPSE. The decision was made after the company’s 21st Annual General Meeting (AGM) held on 19th Falgun, where a dividend of 21.05% worth Rs. 23.62 crores for the fiscal year 2078/79 was approved. This return was based on the paid-up capital of Rs. 1.12 Arba. The company’s board of directors had proposed a 15% bonus share and a 6.05% cash dividend (including tax) worth Rs. 16.83 crores and Rs. 6.79 crore, respectively, during the 403rd meeting held on Poush 27.

    Following the announcement, the bonus shares of SWBBL were made available for trading on NEPSE. The microfinance company had closed at Rs. 745 as of the previous day’s market close. This decision to distribute bonus shares is expected to benefit the company’s shareholders and attract potential investors. SWBBL’s positive financial performance and its commitment to providing attractive returns to its shareholders are evident in this news.

    SWBBL’s listing of bonus shares on NEPSE is a result of the company’s 21st AGM, where a dividend of 21.05% worth Rs. 23.62 crores was approved. The company’s board of directors proposed a 15% bonus share and a 6.05% cash dividend (including tax) worth Rs. 16.83 crores and Rs. 6.79 crore, respectively. The decision to distribute bonus shares indicates the company’s strong financial performance and its efforts to benefit its shareholders and attract potential investors.

  • Modi Energy Limited opens IPO issue of 55.59 lakh unit shares to the general public

    Modi Energy Limited opens IPO issue of 55.59 lakh unit shares to the general public


    Modi Energy Limited has started offering 55,59,420 unit IPO shares with a face value of Rs 100 to the public, aiming to raise Rs 55.59 crore. The IPO will close on the 24th of Baisakh, and it can be extended up to the 2nd of Jestha, 2080, if it is not fully subscribed. The company had previously issued 29,00,000 unit shares worth Rs. 29 crores to project-affected locals of Parbat District, and the remaining 20,95,610 units of unsubscribed shares are added to 43,50,000 units reserved for the general public. A total of 64,45,610 units are for the general public. Sunrise Capital Limited is the issue manager for the IPO, and applications can be made for a minimum of 10 units and a maximum of 100,000 units. Modi Energy Limited has been promoted by institutional promoters and individual businessmen, and the Hydroelectric Project of the 20 MW run-of-river, Tallo Modi Khola Hydropower Project, is being constructed under the “BOOT” model in the Parbat district of Nepal.

  • “RULB Proposes 15% Dividend and 14.25% Bonus Shares for FY 2078/79, Pending Approval from Nepal Rastra Bank”

    “RULB Proposes 15% Dividend and 14.25% Bonus Shares for FY 2078/79, Pending Approval from Nepal Rastra Bank”


    Rastra Utthan Laghubitta Bittiya Sanstha Limited (RULB) has proposed a 15% dividend worth Rs. 3.9 Crores for the fiscal year 2078/79. This marks the company’s first dividend after being listed in NEPSE. The board of directors decided in its 86th meeting on Baisakh 13 to distribute 14.25% bonus shares and 0.75% cash dividend (including the amount for tax purposes) from the paid-up capital of Rs. 26 Crores. The bonus shares are valued at Rs. 3.7 crores, and the cash dividend is worth Rs. 19.50 lakhs. However, the dividend will only be distributed after receiving approval from Nepal Rastra Bank and endorsement by the upcoming AGM. RULB’s last-day close stands at Rs. 622.80 at the time of writing.

  • Allotment of 12 Crore Units of Siddhartha Investment Growth Scheme 3 Concludes; Only 67.15% Units Subscribed

    Allotment of 12 Crore Units of Siddhartha Investment Growth Scheme 3 Concludes; Only 67.15% Units Subscribed


    Siddhartha Capital Limited recently concluded the issuance of its closed-end mutual fund scheme, “Siddhartha Investment Growth Scheme 3”. The issue consisted of 12 crore unit shares with a par value of Rs. 10 per unit. The fund promoter, Siddhartha Bank Limited, was allocated 10% (1.2 crore units) of the shares, while the fund manager, Siddhartha Capital, was allocated 5% (60 lakh units). The remaining 10.20 crore units were issued to the general public. The scheme, which has a maturity period of 10 years, is the sixth mutual fund scheme offered by Siddhartha Capital. On Baisakh 17, 80,580,000 units were allotted to valid applicants, resulting in a total scheme size of Rs. 80.58 Crores.

  • “National Hydro Power reports Q3 net loss of Rs. 2.29 Crores due to increased interest expenses; announces plans to issue 50% right shares”

    “National Hydro Power reports Q3 net loss of Rs. 2.29 Crores due to increased interest expenses; announces plans to issue 50% right shares”


    In the third quarter (Q3) of the current fiscal year 2079/80, National Hydro Power Company Limited (NHPC) reported a net loss of Rs. 2.29 Crores, compared to a profit of Rs. 3.27 Crores in the corresponding quarter of the previous year. The company’s total revenue till the end of Q3 was Rs. 2.91 crores. However, NHPC’s administrative expenses declined by 6.97%, while financial expenses increased significantly by 125.40%, affecting the company’s profitability for this quarter.

    NHPC’s reserves and surplus currently stand at Rs. 83.03 Lakhs, with share capital at Rs. 1.64 Arba. The hydropower company plans to issue 50% right shares worth Rs. 82.21 Crores to its existing shareholders, which will increase the paid-up capital to Rs. 2.46 Arba after approval by SEBON.

    NHPC is also involved in the Lower Erkhuwa Hydropower Project in Bhojpur District, Province 1, which is expected to start generating 80 GWh of energy annually within 2023 and generate about N. Rs. 450 million in revenue. Additionally, the company is leading the study of the Likhu hydropower project, which is being promoted after concluding an agreement regarding holding of 75% shares in Bright Energy Solutions.

    NHPC’s annualized earning per share is currently at Rs. -1.86, while the net worth per share is at Rs. 100.50. The company’s Q3 report shows a decrease in reserves and surplus by 75.90%, property, plant, and equipment (NET) increasing by 0.51%, and a decline in total income (power sales) by 19.41%. The Q3 market price for NHPC was at 239.

     

  • NMB Laghubitta convenes endorses 10% bonus shares for its shareholders

    NMB Laghubitta convenes endorses 10% bonus shares for its shareholders


    NMB Laghubitta has held its 10th Annual General Meeting (AGM) on April 28, 2023, chaired by Sanjib Subba. During the meeting, the shareholders approved a 10% bonus share dividend worth Rs. 6.55 crore for the previous fiscal year. Additionally, the AGM granted the board the authority to pursue any merger or acquisition opportunities with other suitable institutions in the future. A media statement confirmed the decisions made during the AGM.

  • “IPO Shares for Ingwa Hydropower’s General Public Offering Now Available: Get Your 12,68,639 Units Today!”

    “IPO Shares for Ingwa Hydropower’s General Public Offering Now Available: Get Your 12,68,639 Units Today!”


     

    Ingwa Hydropower Limited has announced the closure of its IPO issuance of 12,68,639 unit shares with a face value of Rs. 100 per share. The issue, which opened on April 13, 2080, is oversubscribed by 8.64 times, with 994,624 applicants applying for a total of 10,964,750 units. The company intends to collect Rs. 12.68 crore from this IPO, with 70% of the shares belonging to promoter shareholders.

    Before this issuance, the company had allotted 306,840 units of its 6,00,000 unit shares worth Rs. 6 crores to project-affected locals in Taplejung District, with the remaining 293,160 units added to the 12,00,000 units reserved for the general public. Out of the total 14,93,160 units available to the general public, 120,000 units have already been allotted to Nepalese citizens working abroad, while 5% and 2% have been set aside for mutual funds and employees of the company, respectively. The remaining 12,68,639 units are for the general public, with a minimum application of 10 units and a maximum of 20,000 units.

    The IPO issuance is managed by Sunrise Capital Limited, while CARE Ratings Nepal Limited has assigned an issuer rating of ‘CARE-NP BB (Is)’ to Ingwa Hydropower Limited, indicating a moderate risk of default regarding timely servicing of financial obligations in Nepal. The company was incorporated on June 23, 2009, as a private limited company and was later converted into a public limited company on August 25, 2014. The company’s institutional promoters and individual businessmen in Nepal have promoted it to set up a 9.70 MW run-of-river, Upper Ingwa Khola hydroelectric project under the BOOT mechanism in the Panchthar district of Nepal.

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  • “Ankhukhola Hydropower Plans to Issue 200% Right Shares Pending Approval from Electricity Regulatory Commission”

    “Ankhukhola Hydropower Plans to Issue 200% Right Shares Pending Approval from Electricity Regulatory Commission”


    Ankhukhola Hydropower Company Limited (AKJCL) has proposed to issue 200% rights shares to its shareholders. The company aims to invest 60% of the newly raised capital in the Ganesh Himal Hydropower’s 20 M.W- Ankhu Khola-2 Hydropower project. This decision was made during a board of directors meeting held on Baishakh 15, 2079.

    After the issuance of right shares at a ratio of 1:2, AKJCL’s paid-up capital will increase from Rs. 80 crores to Rs. 1.60 Arba. On Chaitra 23, 2079, a meeting was held where it was decided to invest 60% in the Ankhu Khola-2 Hydropower project. The investment agreement between the two companies was signed on Chaitra 24, 2079.

    The Ankhu Khola-2 Hydropower project is designed to generate 122.16 GWh of electricity annually, based on a river flow rate of 27.73 cubic meters per second and a total head of 91 meters. The electricity produced will be transmitted to the national grid through a 5 km transmission line via the Nepal Electricity Authority’s proposed Lapang Substation.

    AKJCL plans to invest the Rs. 96 crores received from legitimate shares in the Ganesh Himal Hydropower project. The remaining funds will be used to pay off loans and other obligations owed to banks and other financial organizations. However, the issuance of right shares will only occur after approval from the Electricity Regulatory Commission and endorsement by the company’s upcoming AGM.

     

  • “Himalaya Urja Bikas Company Limited reschedules 22nd AGM with new agenda items”

    “Himalaya Urja Bikas Company Limited reschedules 22nd AGM with new agenda items”


    Himalaya Urja Bikas Company Limited (HURJA) has announced that its 22nd Annual General Meeting (AGM) will now be held on 9th Jestha, 2080. The meeting was originally scheduled for 29th Poush, 2079, but was rescheduled. The AGM will take place at Arpan Banquet in Nayabaneshwor, Kathmandu, starting at 11 am on the specified day.

    The agendas for the AGM include endorsing the annual report for the fiscal year 2078/79 prepared by the board of directors, approving the auditor’s report for the same period, appointing an auditor for the fiscal year 2079/80, and approving their compensation. The meeting will also appoint Mr. Suman Sharma Chaulagain as a Director and propose to increase the authorized and issued capital of the company to Rs. 2.5 Arba. The company will also endorse 1:1 (100%) right shares from the paid-up capital of Rs. 99 Crores and manage capital received after issuance of rights shares.

    Investors who held shares of HURJA before the book closure date of Poush 18 will be able to attend the AGM.

     

  • 6.5% Bonus Shares of Guheshowori Merchant Banking  Listed in NEPSE

    6.5% Bonus Shares of Guheshowori Merchant Banking Listed in NEPSE


    Guheshowori Merchant Banking and Finance Limited (GMFIL) has recently listed 6,17,760 unit bonus shares on the Nepal Stock Exchange (NEPSE). The company had held its 21st Annual General Meeting on 27th Magh, where a dividend of 6.84% was approved for the fiscal year 2078/79. The board of directors had decided to distribute the dividend on the paid-up capital of Rs. 95.04 Crores, which included 6.50% bonus shares worth Rs 6.17 Crores and a 0.34% cash dividend worth Rs 32.51 Lakh (including tax on bonus shares). These same bonus shares are now available for trading on the NEPSE, and as of now, the company’s Last Traded Price (LTP) stands at Rs. 303.10.