Tag: Asia

  • NIC ASIA Capital Launches Idea to IPO Advisory for National Solar Power Company’s 7.24 Lakh Unit IPO

    NIC ASIA Capital Launches Idea to IPO Advisory for National Solar Power Company’s 7.24 Lakh Unit IPO


    NIC ASIA Capital has taken a significant step in fostering the growth of National Solar Power Company by entering into a transformative agreement. This partnership brings to life the “Idea to IPO” corporate advisory service, a comprehensive support package that extends from the inception of the company through to its IPO issuance and beyond. National Solar Power Company, with its current operation of a 5 MW solar energy project in Pratapur, Nawalparasi, is poised to expand its horizons by offering 7.24 lakh unit ordinary shares at a price of Rs. 100 per unit to the general public. With this collaboration, NIC ASIA Capital reaffirms its commitment to guiding companies on their journey from innovative ideas to thriving IPOs, propelling the solar energy sector towards a brighter and more sustainable future.

     

  • Last Day to Claim Dividends from Everest Bank and NIC Asia Bank – Don’t Forget!

    Last Day to Claim Dividends from Everest Bank and NIC Asia Bank – Don’t Forget!


     

    Today marks the final opportunity to claim dividends from Everest Bank Limited (EBL) and NIC Asia Bank Limited (NICA).

    EBL has scheduled its 29th Annual General Meeting (AGM) for the 30th of Ashwin, 2080, at Lainchaur Banquet in Kathmandu, commencing at 11 a.m. During this meeting, one of the key agenda items is the approval of a 20.53% dividend for the fiscal year 2079/80. This dividend comprises a 10.53% cash dividend and a 10% bonus share, as decided by the Board of Directors in their 357th meeting on Bhadra 27. EBL’s current paid-up capital is Rs. 10.69 Arba, and the cash dividend includes taxes associated with the bonus shares.

     

  • Nic Asia (NICA) Shall i book profit ?

    Nic Asia (NICA) Shall i book profit ?


    I have about 10% profit in NICA. Shall i hold it or book profit since there is no dividend this year as well ?

    View on r/NepalStock by VeterinarianLanky910

  • Nic Asia online crn and meroshare

    Nic Asia online crn and meroshare


    Problem in creating online crn and meroshare. Sabai thikai tara last ma payment garne bela problem hunxa yo vanda agadi ko banauda tw kei problem aayeko thiyena Tara yesma chai k banking hour ma try garnu parxa ho? Need help

    View on r/NepalStock by Away-Sand-9948

  • NIC Asia Dynamic Fund Unit Redemption

    NIC Asia Dynamic Fund Unit Redemption


    Ma Sanga chai NIC Asia Dynamic Debt fund ko thor thar units haru xan jun chai redeem garnu parne xa. Aba process ma DIS slip Ra Redemption form bujaune bhannu bhaxa, Tara Mero Demat chai Ace ma xa Ani Demat ma share ni dekhauxa. So, DIS Ace ko bharne ki NIC Capital. Also, if anyone has redeemed please brief me about the process.

    View on r/NepalStock by Froos_trated

  • NIC asia and its shady businesses .

    NIC asia and its shady businesses .


    I hear sth bad about NIC Asia occasionally but how are they doing pretty good in stock market. Saying this i have just started learning about stocks and doing little bit of research on what I can.

    So AFAIR they occupied Sudhir basnet’s land by circumventing the law which I am not 100% sure and i was watching k danush’s video about vishal group and he mentioned that nic asia approved big amount of shares applied by accounts which didn’t have any money on their bank account for ghorahi cement because some promoters are same in both companies (vishal group) are same and also they used some shady credit rating institution for nic asia laghubitta sansthan and . Also, I found nic asia interest scam and scams on home loan and they haven’t paid dividend for 3 years which i heard because of technical issues but wouldn’t be surprised if they faked the scenario??

    Still the stock price seems relatively higher than other banks which have similar financials . Do you think it will continue being one of the biggest bank in future or the company is destined to fail if incase there is some good government and regulatory bodies for businesses ?

    I didn’t do any deep research but just some basic information i came across i would be happy to be proven wrong .

    View on r/NepalStock by Saphal_59

  • NIC Asia Bank Announces Book Closure and AGM for 30.5% Dividend Distribution

    NIC Asia Bank Announces Book Closure and AGM for 30.5% Dividend Distribution


    NIC Asia Bank Limited (NICA) has announced important dates and details regarding its upcoming Annual General Meeting (AGM) and dividend distribution. The bank has set the book closure date for its 30.5% dividend from Ashwin 16 to Ashwin 28. Additionally, NICA has scheduled its 26th AGM for the 28th of Ashwin, 2080, to be conducted at the Army Officer’s Club in Sundhara, Kathmandu, commencing at 9 AM.

    One of the primary agendas of this AGM is to seek approval for a 30.5% dividend for the fiscal year 2079/80. This dividend distribution plan includes the issuance of 29% bonus shares and a 1.5% cash dividend, all derived from the bank’s paid-up capital of Rs. 11.56 Arba. Consequently, the bonus shares are valued at Rs. 3.35 Arba, while the cash dividends amount to Rs 17.35 Crores.

    To be eligible for the dividend payout and participation in the AGM, shareholders must be in possession of shares maintained in their name until the 15th of Ashwin. This ensures that those who have held shares up to this specified date are entitled to the proposed dividends and can exercise their voting rights at the upcoming AGM.

  • NICA Promoters Auction 500,000 Shares to General Public and Institutions

    NICA Promoters Auction 500,000 Shares to General Public and Institutions


    The current promoters of NIC Asia Bank Limited (NICA) have initiated an auction process for the sale of 500,000 units of their promoter shares. This auction is open to interested promoter shareholders as well as the general public and institutions. The auction period runs from the 4th Ashwin to the 10th Ashwin of the year 2080.

    During this auction, a total of 500,000 promoter shares of NICA will be made available. Interested parties, including eligible promoter shareholders, have the opportunity to submit bids. The minimum bid rate for these shares is set at Rs. 360 per unit, and the minimum bid quantity for promoter shares is 1,000 units.

    To manage the auction process, NIMB Ace Capital has been appointed as the designated auction manager. Bidding will officially commence at the auction manager’s premises on the 12th Ashoj of the year 2080 at 2 PM.

    As of the time of this update, NICA’s Last Traded Price (LTP) stands at Rs. 805 per share. This auction provides an opportunity for interested parties to acquire promoter shares in NICA and potentially participate in the bank’s ownership.

  • “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.

  • 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.

  • “NIC Asia Capital Reveals NAV Reports of Mutual Fund Schemes”

    “NIC Asia Capital Reveals NAV Reports of Mutual Fund Schemes”


     

    NIC Asia Capital, the manager of the 10-year closed-end mutual fund scheme called NIC Asia Balanced Fund (NICBF), has released the Net Asset Value (NAV) report for the month of Shrawan. The NAV for this period is recorded at Rs. 11.18, showing a slight decrease from the previous month’s Rs. 11.28.

    The scheme was initiated with an initial fund size of Rs. 75.50 crores. Among its investments, Rs. 39.12 crores have been placed in shares of listed companies, while Rs. 21.77 crores have been allocated to debentures. Additionally, the scheme has invested Rs. 65.68 lakhs in non-listed shares, and the remaining bank balance is Rs. 22.45 crores.

    During the month of Shrawan, the fund has achieved a net profit of Rs. 85.06 lakhs. In the preceding month, it had a net profit of Rs. 9.21 crores.

     

  • “NIC Asia Capital’s Mutual Funds Show NAV Growth and Increased Profit in Ashad”

    “NIC Asia Capital’s Mutual Funds Show NAV Growth and Increased Profit in Ashad”


     

    NIC Asia Balanced Fund (NICBF), a 10-year close-end mutual fund scheme managed by NIC Asia Capital, has released its financial highlights for the month of Ashad. The Net Asset Value (NAV) for the period is Rs. 11.28, showing an increase from Rs. 10.96 a month ago.

    At the beginning of the scheme, the total fund size was Rs. 75.50 crores, which included seed capital from the fund sponsor. NICBF has made investments of Rs. 39.22 crores in shares of listed companies and Rs. 21.77 crores in debentures. Additionally, it has invested Rs. 50.98 lakhs in non-listed shares, while maintaining a bank balance of Rs. 22.16 crores.