Tag: Card

  • “NEPSE Starts the Week Strong with 1.38% Gain; All Sectors Close in the Green”

    “NEPSE Starts the Week Strong with 1.38% Gain; All Sectors Close in the Green”


     

    Today, the NEPSE index had a positive trading session, closing at 2,077.76. It gained 28.38 points, representing a 1.38% increase compared to the previous trading day. On Thursday, the index experienced a small loss of 0.06 points.

    The day started with the index opening at 2,050.36 and reaching a low of 2,049.69. However, it later climbed to a high of 2,085.23 before settling at the closing value of 2,077.76.

    During the trading session, a total of 287 scrips were traded through 73,446 transactions. The total shares exchanged amounted to 8,352,576, with a turnover of Rs. 3.04 Arba. Although the turnover was slightly lower than the previous trading day’s Rs. 3.07 Crores, it was still a significant amount.

  • “Summit Laghubitta Lists 670,000 Bonus Shares on NEPSE”

    “Summit Laghubitta Lists 670,000 Bonus Shares on NEPSE”


     

     

    Summit Laghubitta Bittiya Sanstha Limited’s Bonus Shares Listed in NEPSE

    The listing of 6,70,000 unit bonus shares of Summit Laghubitta Bittiya Sanstha Limited (SMFDB) has been completed in NEPSE. During the company’s 14th Annual General Meeting held on 3rd Ashad, a dividend of 14.276582% was approved for the fiscal year 2078/79. In a board meeting on Falgun 15, it was decided to distribute 13.56% bonus shares worth Rs. 6.70 Crores and a cash dividend of 0.713829% worth Rs. 35.26 Lakh on the paid-up capital of Rs. 49.40 crores. As of the latest update, the Last Traded Price (LTP) for SMFDB stands at Rs. 945.

  • SEBON Approves IPOs for Chirkhwa Hydropower and Mathillo Mailun Khola Jalvidhyut

    SEBON Approves IPOs for Chirkhwa Hydropower and Mathillo Mailun Khola Jalvidhyut


     

    SEBON Approves IPOs for Chirkhwa Hydropower and Bhagwati Hydropower

    The Securities Exchange Board of Nepal (SEBON) has given the green light to the initial public offering (IPO) proposals of Chirkhwa Hydropower Limited and Bhagwati Hydropower Development Company Limited on Ashad 20, 2080. Chirkhwa Hydropower will issue 1,200,000 equity shares at a par value of NPR 100 each, amounting to Rs. 12 Crore, which is 30% of the company’s issued capital. The total paid-up capital for the company will be Rs. 40 crore after the IPO allotment. RBB Merchant Banking Limited has been appointed as the issue manager for the IPO issuance, with the proposal initially submitted on Kartik 17, 2079.

     

  • Provinces Fall Short: Only 49% of Budget Spent by June 15 in Current FY

    Provinces Fall Short: Only 49% of Budget Spent by June 15 in Current FY


    As of June 15 in the current fiscal year 2022/23, the provinces in the country have only used half of their budget. Out of the total allocated budget of Rs 306 billion, they have spent Rs 151.3 billion, which is around 49.45 percent of the yearly allocation. According to the Office of the Comptroller General, Koshi Province has the highest expenditure rate at 61.41 percent, while Madhes Province has the lowest at 36.25 percent during the last 11 months of this fiscal year.

     

  • “NEPSE Index Sees Significant Decline of 4.72% This Week”

    “NEPSE Index Sees Significant Decline of 4.72% This Week”


    During the past week, the NEPSE (Nepal Stock Exchange) index experienced a significant decline, closing at 2049.38 after a loss of 101.61 points, equivalent to a 4.72% decrease. In comparison, the index had closed at 2,150.99 the previous week, registering a gain of 4.64% from the week before that.

    Throughout the week, the index reached its highest point at 2,158.83, but also dipped to its lowest point at 2,033.59, indicating a considerable volatility of 125.24 points. Comparatively, the previous week had witnessed a slightly higher volatility of 147.56 points.

    In summary, the NEPSE index experienced a notable downturn during the week, resulting in a significant loss of points. The index displayed fluctuations between its highest and lowest points, demonstrating a level of volatility that was slightly lower than the previous week.

  • “SEBON Approves 100% Right Shares Issuance for Upper Tamakoshi Hydropower Limited”

    “SEBON Approves 100% Right Shares Issuance for Upper Tamakoshi Hydropower Limited”


    The Securities Board of Nepal (SEBON) has given its approval for Upper Tamakoshi Hydropower Limited (UPPER) to issue 100% right shares. The company plans to issue shares worth NPR 10.59 Arba, equivalent to 105,900,000 units of right shares on a 1:1 basis to its existing shareholders. The application for this proposal was submitted to SEBON on Falgun 18, 2079.

    Once the proposed right shares are adjusted, the paid-up capital of Upper Tamakoshi Hydropower Limited will increase to NPR 21.18 Arba. Sunrise Capital has been appointed as the issue manager for this process.

    Upper Tamakoshi Hydropower Limited operates the 456-MW Upper Tamakoshi Hydroelectric Project in the Dolkha district of Bagmati Province, Nepal. As of mid-July 2022, the company’s paid-up capital stands at NPR 10,590 million, with 51% held by promoters and 49% held by the public. The project, which is the largest operational project in Nepal, is of the peaking run-of-the-river (PROR) type, with a peaking capacity of four hours, developed at a 32% probability of exceedance (Q32).

  • Upper Syange Hydropower IPO Allotment: 11,44,127 Applicants Return Empty-Handed

    Upper Syange Hydropower IPO Allotment: 11,44,127 Applicants Return Empty-Handed


     

    Upper Syange Hydropower Concludes IPO Allotment; Shares Issued to General Public

    The IPO allotment process for Upper Syange Hydropower Limited has been completed at the premises of Siddhartha Capital Limited in Kathmandu. The company had previously offered 539,500 units of IPO shares with a face value of Rs 100 to the general public from the 10th to the 13th of Ashad, 2080. Additionally, 2,20,000 shares were issued to project-affected locals in Lamjung District, and 65,000 shares were allocated to Nepalese citizens working abroad. As a result of the IPO, the promoter-public share ratio will be adjusted to 60.45:39.55.

  • Ghorahi Cement Industry Resumes IPO Share Issue for General Public

    Ghorahi Cement Industry Resumes IPO Share Issue for General Public


    Ghorahi Cement Industry Limited will be reissuing its IPO shares to the general public. This decision was made after a temporary setback during the initial offering, where some investors applied for shares without having enough funds. The company has conducted a thorough investigation into the matter and has taken transparent and corrective actions. The reissuance of shares aims to provide a fair and transparent opportunity for interested investors to participate in the IPO. The reissuance period will be from the 22nd to the 24th of Ashad, 2080.

     

  • “Nepal Finance Limited to Auction 11.16 Lakh Promoter Shares from Ashad 29”

    “Nepal Finance Limited to Auction 11.16 Lakh Promoter Shares from Ashad 29”


     

    Nepal Finance Limited (NFS) is conducting an auction to sell 11,16,616.187 units of promoter shares to the general public. The auction will take place from 29th Ashad to 12th Shrawan, 2080. The auction is open to existing promoters, the general public, and institutions. The minimum bid rate is Rs. 100, and bidders must bid for a minimum quantity of 1000 units. However, there is a limit on the number of shares that each entity can bid for, as per the rules of the Nepal Rastra Bank. Prabhu Capital has been appointed as the auction manager.

     

  • Kumari Bank’s 757,699 Promoter Shares Up for Auction Today

    Kumari Bank’s 757,699 Promoter Shares Up for Auction Today


     

    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.

     

  • Last Day for Eligibility: Api Power Company Limited’s Rights Offering Draws to a Close

    Last Day for Eligibility: Api Power Company Limited’s Rights Offering Draws to a Close


    Api Power Company Limited (API) has announced that today is the final day for shareholders to be eligible for its rights offering. The hydropower company plans to issue 40% right shares, amounting to Rs. 1.65 Arba, through the issuance of 1,65,33,137 units of right shares to its existing shareholders. This offering will increase the company’s paid-up capital from Rs. 4.13 Arba to Rs. 5.78 Arba.

    To participate in the rights offering, shareholders must have maintained their ownership in the company until today. The book closure date has been set for Ashad 22, 2080, which means that only shareholders who meet this requirement will be eligible to participate in the rights offering.

  • NEPSE Approves Membership for Seven New Brokerage Companies, Expanding Market Services

    NEPSE Approves Membership for Seven New Brokerage Companies, Expanding Market Services


    NEPSE Approves Membership for Seven New Brokerage Companies

    The Nepal Stock Exchange (NEPSE) has confirmed the membership of seven new brokerage companies. These companies have met the criteria and received approval from NEPSE’s Board of Directors.

    Expansion of Brokerage Services

    The seven newly approved companies include Bhole Ganesh Securities Limited, Capital Max Securities Limited, Himalayan Brokerage Company Limited, Sun Securities Private Limited, Miyo Securities Private Limited, Sharepro Securities Private Limited, and Property Wizard Limited.

    Phase Two Approval

    In the second phase, 11 additional companies obtained licenses from the Securities Board of Nepal (SEBON). Mega Stock Markets Limited can now operate as a full securities broker. Nabil Securities Limited, the sole applicant for a broker company with a dealer’s license, also received approval.

    Inspection and Testing

    NEPSE is currently inspecting the infrastructure of new brokers to ensure compliance with regulations. Brokers are preparing their IT manpower and establishing connections through an Application Programming Interface (API) for testing purposes.

    Membership and Business Activities

    After receiving NEPSE’s permission, brokers will need to obtain membership from the CDS and Clearing Limited. Once this process is complete, brokers can begin their business activities in the stock market.

    Preparations Underway

    Brokers are actively managing staff and preparing their infrastructure for smooth operations in the market. They are working to meet requirements and ensure a successful entry.

    NEPSE’s Internal Examination

    NEPSE’s Board of Directors will conduct an internal examination of the NEPSE-30 index before determining its operational date. This demonstrates NEPSE’s commitment to a well-functioning stock market.