Let’s discuss which commercial bank you think is best to accumulate at the moment. Or, which bank are you waiting eagerly to come to your price? Please put your analysis and logic why you choose that particular scrip.
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Kumari Bank has partnered with Classic Industries to offer a generous 15% discount on mattresses to their cardholders and mobile banking users. This special deal aims to benefit customers making purchases from the company.
Kumari Bank operates through an extensive network comprising 304 branches, 307 ATM outlets, 63 branchless banking units, and 49 extension counters, providing widespread access and convenience for its customers.
Today, the Nepal Stock Exchange (NEPSE) has approved three additional companies to become eligible securities firms, allowing them to conduct operations in the securities market. In the latest phase, Nabil Securities Ltd, Machhapuchhre Securities Ltd, and Mega Stock Markets Limited have been granted brokerage licenses.
Siddhartha Bank Limited (SBL) has released its fourth-quarter report for the fiscal year 2079-80, revealing a steady growth in its Net Profits, increasing by nearly 10 percent. In the last quarter of FY 2079-80, the bank’s profits reached Rs. 3.19 billion, a rise from the previous year’s Rs. 2.90 billion in the same period.
The bank has also seen positive developments in its Net Interest Income and Operating profits, which have increased by 23.97 percent and 9.83 percent, respectively. The core business revenue for the bank in the last quarter of FY 2079-80 reached Rs. 8.17 billion, compared to the previous Rs. 4.68 billion.
Kumari Bank Limited (KBL) is conducting an auction to sell 757,699 units of promoter shares to the general public. The auction will take place from the 22nd to the 29th of Ashad, 2080. Individuals, companies, and institutions are all allowed to participate in the auction, with a minimum bid rate of Rs. 110. Bidders must bid for at least 1,000 units of promoter shares and are not allowed to exceed the specified quantity of shares per entity set by the Nepal Rastra Bank.
Unique Nepal Laghubitta Bittiya Sanstha Limited (UNLB) has recently announced its plan to issue a Follow on Public Offer (FPO) to the general public. The company aims to release 3,79,425 unit shares with a face value of Rs. 100 starting from the 11th of Jestha, 2080. The objective of this FPO is to collect Rs. 3.79 crore. The offer will be open until the 16th of Jestha, and if not fully subscribed, it may be extended until the 25th of Jestha, 2080.
Currently, the company’s paid-up capital stands at Rs. 11.06 crores, with 94.01% of shares (10,40,025 units) held by the promoters and 5.99% (66,300 units) held by the public shareholders. However, as per the regulations of the Banks and Financial Institutions Act of 2073 and the NRB, at least 30% of the issued capital must be retained by the public shareholders. To comply with this requirement, the company plans to issue 3,79,425 units of FPO shares to the general public. Following the FPO, the promoter-to-public share structure will change from 94:6 to 70:30.
It is worth noting that Unique Nepal Laghubitta had initially intended to issue an IPO for 2.70 lakh shares. However, due to a successful merger with Ghodighoda Laghubitta, the two companies commenced their joint operation on the 30th of Poush, 2078, under the name of Unique Nepal Laghubitta Bittiya Sanstha Limited. Since Ghodighoda Laghubitta was already a publicly listed company, the merged entity has opted to issue an FPO to adjust its shareholding ratio.
Muktinath Capital Limited has been appointed as the issue manager for the FPO issuance. Interested individuals can apply for a minimum of 10 units and a maximum of 1000 units. Following the issuance of the mentioned FPO shares, the company’s paid-up capital will increase to Rs. 14.85 crores.
The Nepal Rastra Bank (NRB) has recently published its third quarterly review of the monetary policy for the fiscal year 2079/80. The primary objectives of the NRB, as outlined in the Nepal Rastra Bank Act of 2058, are to ensure price and exchange stability for the overall economic stability and long-term growth of the country.
Considering the prevailing economic and financial conditions, the NRB has formulated and implemented the necessary monetary policies to achieve these objectives. Adhering to the rule of reviewing the economic and financial situation on a quarterly basis, the focus of this review is on the third quarter of the current fiscal year.
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.
Ghorahi Cement Industry Limited (GCIL) has issued an offer letter to provide an Initial Public Offering (IPO) to Dang District residents and Nepalese people living overseas.
The initial public offering (IPO) for locals and Nepalese citizens working abroad will take place from the 19th of Baisakh to the 2nd of Jestha, 2080. It should be noted that if the problem is not subscribed to by the early closing date for Dang District residents, it may be prolonged until the 17th Jestha. However, the early closure date for Nepalese people working overseas will not be extended.
The central bank of Nepal, Nepal Rastra Bank, has recently unveiled the annual bank holiday schedule for the period of 2080 BS, which spans from April 14, 2023 to April 12, 2024. This comes in response to the government’s decision to permit essential service-providing institutions, such as banks, to operate on specific public holidays as declared by the government. The notice from NRB outlines the bank holidays during which Nepalese banks will remain closed, while also indicating that partial banking services, including cash transactions, will be available on certain dates marked with an asterisk (*). This information is aimed at providing clarity to the public and businesses regarding the operational status of banks during the designated holidays.
| No. | List of Holidays | Date |
| 1 | New Year | April 14, 2023 |
| 2 | Labour Day | May 1, 2023 |
| 3 | Buddha Jayanti/Ubhauli/Chandi Purnima* | May 5, 2023 |
| 4 | Republic Day* | May 29, 2023 |
| 5 | Gaura Parva (Only for the region or culture celebrating the festival) | August 24, 2023 |
| 6 | Raksha Bandhan/Gai Jatra* | August 31, 2023 |
| 7 | Krishna Janmashtami* | September 6, 2023 |
| 8 | Tij (Only for women) | September 18, 2023 |
| 9 | Constitution Day | September 20, 2023 |
| 10 | Indra Jatra* (Only in the Kathmandu valley) | September 28, 2023 |
| 11 | Jitiya Parva (Only for women celebrating the festival) | October 7, 2023 |
| 12 | Ghatasthapana* | October 15, 2023 |
| 13 | Dashain (Phulpati-Dwadashi) | October 21-26, 2023 |
| 14 | Phalgunanda Jayanti (Only for the followers of Kirat religion) | November 11, 2023 |
| 15 | Tihar | November 12-16, 2023 |
| 16 | Chhath | November 19, 2023 |
| 17 | Guru Nanak Jayanti (Only for the Sikhs) | November 27, 2023 |
| 18 | International Disability Day (Only for the staff with disabilities) | December 3, 2023 |
| 19 | Christmas* | December 25, 2023 |
| 20 | Udhauli/Yomari Punhi/Jyapu Diwas* | December 26, 2023 |
| 21 | Tamu Lhosar* | December 31, 2023 |
| 22 | Prithvi Jayanti/National Unity Day* | January 12, 2024 |
| 23 | Maghi/Maghe Sankranti* | January 15, 2024 |
| 24 | Sonam Lhosar* | February 10, 2024 |
| 25 | People’s War Day* | February 13, 2024 |
| 26 | Democracy Day* | February 19, 2024 |
| 27 | Mahashivaratri/Women’s Day* | March 8, 2024 |
| 28 | Gyalpo Lhosar* | March 11, 2024 |
| 29 | Phagu Purnima | March 24, 2024 (Hilly and mountainous districts) March 25, 2024 (Plain districts) |
| 30 | Ghodejatra* (Only in the Kathmandu valley) | April 8, 2024 |
| 31 | Machhindranath Bhoto Jatra* (Only in the Kathmandu valley) | Date to be announced by the government |
| 32 | Eid al-Fitr* | Date to be announced by the government |
| 33 | Bakra Eid/Eid al-Adha* | Date to be announced by the government |
| 34 | Siruwa Pawani (Only in Jhapa, Morang, Sunsari, Siraha and Saptari) | Date to be announced by the government |
| 35 | Mohammad Jayanti (Only for the Muslims) | Date to be announced by the government |