Tag: Card

  • Ankhukhola Hydropower Company (AKJCL) Changes Right Share Ratio from 200% to 150%

    Ankhukhola Hydropower Company (AKJCL) Changes Right Share Ratio from 200% to 150%


    Ankhukhola Hydropower Company Limited (AKJCL) has recently announced a change in its right share ratio from 200% to 150%. During a board of directors meeting held on Jestha 17, 2080, the decision was made to issue 150% right shares on the company’s paid-up capital of Rs. 80 Crores. This decision aligns with the instructions given by the regulatory body.

    In a previous board meeting that took place on Baishakh 15, 2079, AKJCL had proposed to issue right shares in a ratio of 1:2. This move was intended to allow the company to invest a significant portion, at least 60%, of its shares in the Ganesh Himal Hydropower’s 20 M.W- Ankhu Khola-2 Hydropower project. However, the decision required approval from the Electricity Regulatory Commission. As a result, the company has now revised its right shares issuance, opting for a ratio of 150% from the paid-up capital of Rs. 80 Crores. This means that the paid-up capital will reach Rs. 120 Crores after the issuance of the aforementioned right shares.

    It is important to note that the issuance of these right shares is subject to approval from the Securities Board of Nepal (SEBON) and will also need to be endorsed during the company’s upcoming Annual General Meeting (AGM).

  • Ghorahi Cement Industry Concludes IPO for Project-Affected Locals, Generating Rs. 3.44 Arba

    Ghorahi Cement Industry Concludes IPO for Project-Affected Locals, Generating Rs. 3.44 Arba


    Ghorahi Cement Industry Limited is concluding the issuance of its Initial Public Offering (IPO) for project-affected locals today. The IPO, which opened on 18th Baisakh, aims to issue 79,43,801 unit shares to the public, including locals, Nepalese citizens working abroad, and the general public. Out of the total issued capital of Rs. 3.97 Arba, 1% or 397,190 unit shares have been allocated to project-affected locals of Dang District.

    The shares are being offered at a price of Rs. 400 per unit for locals and Rs. 435 per unit for Nepalese citizens working abroad, including a premium amount. The IPO will generate a total of Rs. 3.44 Arba for the company, with a significant portion being premium amounting to Rs. 2.645 Arba.

    Himalayan Capital Limited and Nabil Investment Banking Limited are the appointed issue managers for the IPO. After the IPO, the promoter-public share ratio will be 80:20. CARE Ratings Nepal Limited has assigned a rating of ‘CARE-NP BBB- (Is)’ to Ghorahi Cement Industry Limited, indicating a moderate degree of safety regarding the timely servicing of financial obligations.

    Ghorahi Cement Industry Limited, formerly known as Ghorahi Cement Industry Private Limited, was established in August 2007. It operates an integrated cement manufacturing plant in the Dang Valley of Western Nepal. The company has a clinker capacity of 1,900 MTPD and a grinding capacity of 2,200 MTPD, with plans for further expansion. Ghorahi Cement Industry sells its products under the brand name “Sagarmatha” across Nepal, with a focus on the western and far-western regions of the country. The company has a network of 21 distributors throughout Nepal.

  • Unique Nepal Laghubitta Bittiya Sanstha Limited Concludes FPO Issuance, Oversubscribed 39.4 Times

    Unique Nepal Laghubitta Bittiya Sanstha Limited Concludes FPO Issuance, Oversubscribed 39.4 Times


    Unique Nepal Laghubitta Bittiya Sanstha Limited (UNLB) is concluding the issuance of its 379,425 unit FPO (Further Public Offering) shares to the general public. The issue, which began on 11th Jestha, 2080, will close today on 17th Jestha.

    Currently, the company has a paid-up capital of Rs. 11.06 crores, with 94.01% of shares (10,40,025 units) held by promoter shareholders and 5.99% (66,300 units) held by public shareholders. However, as per the requirements of the Banks and Financial Institutions Act of 2073 and the NRB (Nepal Rastra Bank), a minimum of 30% of the issued capital must be retained by public shareholders. Therefore, the company will issue 3,79,425 units of FPO shares to the general public. After the FPO, the promoter-to-public share structure will change from 94:6 to 70:30.

    It is important to note that Unique Nepal Laghubitta had initially planned to issue an IPO for 2.70 lakh shares. However, following a successful merger with Ghodighoda Laghubitta, the joint operation under the name of Unique Nepal Laghubitta Bittiya Sanstha Limited commenced on 30th Poush, 2078. As Ghodighoda Laghubitta was already a publicly listed company, the merged entity opted for an FPO to adjust the shareholding ratio.

    The company aims to raise Rs. 3.79 crore through this FPO. Muktinath Capital Limited has been appointed as the issue manager for the FPO. Investors can apply for a minimum of 10 units and a maximum of 1000 units. The paid-up capital of the company will increase to Rs. 14.85 crores after the issuance of the mentioned FPO shares.

    According to CDSC (Central Depository System and Clearing Limited), a total of 12,85,226 applications have been received, requesting a total of 14,961,420 units. As a result, the issue is already oversubscribed by 39.4 times.

  • Lumbini Bikas Bank Limited Opens 11% Debenture 2089 Issuance to General Public and Institutions

    Lumbini Bikas Bank Limited Opens 11% Debenture 2089 Issuance to General Public and Institutions


    Lumbini Bikas Bank Limited (LBBL) has commenced the issuance of “11% LBBL Debenture 2089” to the general public and institutions. The debenture, which has a maturity period of 10 years and offers a coupon rate of 11%, will be available for application starting from today until the 19th of Jestha, 2080. In the event that the issue is not fully subscribed, the deadline may be extended until Jestha 30, 2080.

    A total of 10,00,000 units of the debenture will be issued at a par value of Rs. 1000 per unit. Among the total units, 60% (6,00,000 units) will be subscribed through private placement, while the remaining 4,00,000 units worth Rs. 40 crores will be open for public issue. Additionally, 5% of the public issue is allocated for mutual funds. The issuance aims to raise a total of Rs. 1 Arba.

    Nabil Investment Banking Limited has been appointed as the issue manager for this process. Investors have the opportunity to apply for a minimum of 25 units and a maximum of 1,00,000 units.

  • Kumari Bank Limited Initiates Auction of Promoter Shares to General Public

    Kumari Bank Limited Initiates Auction of Promoter Shares to General Public


    The promoters of Kumari Bank Limited (KBL) have decided to sell 7,57,699 units of their shares through an auction. This auction is open to individual investors, companies, and institutions, and will take place from 16th Jestha to 22nd Jestha, 2080.

    Interested bidders can participate in the auction with a minimum bid rate of Rs. 121 per share. The minimum bid quantity for the promoter shares is set at 1000 units. Bidders can place bids for the entire share issue, but they must adhere to the Nepal Rastra Bank’s guidelines regarding the maximum quantity of shares that can be held by a single entity.

    NIBL Ace Capital Limited has been appointed as the auction manager for this process. Bids will be opened at the auction manager’s premises on 23rd Jestha, 2080.

    At present, the Last Traded Price (LTP) of KBL shares stands at Rs. 168.

  • Gold Price Surges Near All-Time High Record with Significant Gains

    Gold Price Surges Near All-Time High Record with Significant Gains


    The price of gold is reaching an all-time high record, and today it experienced significant gains. Fine gold rose by Rs. 2400 in a single day, while tejabi gold increased by Rs. 2350 compared to yesterday’s price.

    According to the official website of the Federation of Nepal Gold and Silver Dealers’ Association, fine gold is currently being traded at Rs. 110,500 per tola, up from Rs. 108,100 per tola yesterday. Tejabi gold, on the other hand, is being traded at Rs. 109,950 today, compared to Rs. 107,600 per tola yesterday.

    Just recently, on April 5, 2023, the price of gold reached an all-time high in the Nepalese market. Fine gold was traded at Rs. 111,000 per tola, while tejabi gold reached Rs. 110,450 per tola on that day.

    In addition, silver has also seen a gain of Rs. 15 per tola. The shiny white metal is now being traded at Rs. 1,375 per tola in the local market, up from yesterday’s closing rate of Rs. 1,360 per tola.

    In the international market, the current price of gold stands at USD $1,948.10 per ounce, while silver is being traded at $23.18 per ounce.

  • NEPSE Index Plunges with Significant Losses, All Sector Indices Close in the Red

    NEPSE Index Plunges with Significant Losses, All Sector Indices Close in the Red


    Mithila Laghubitta Bittiya Sanstha Limited (MLBBL) recently listed 2,55,655.77 unit bonus shares on the Nepal Stock Exchange (NEPSE). The company held its 14th Annual General Meeting (AGM) on the 17th of Falgun, during which it approved a dividend of 15.789% for the fiscal year 2078/79.

    In addition to the dividend, the board of directors, in its 231st meeting on Poush 28, decided to distribute 15% bonus shares valued at Rs. 2.55 crores and a cash dividend of 0.789473681%, amounting to Rs. 13.45 lakhs. These dividends were distributed from MLBBL’s paid-up capital of Rs. 17.04 crores. Now, these bonus shares have been officially listed on NEPSE.

    As of the time of writing, the Last Traded Price (LTP) of MLBBL’s shares on NEPSE stands at Rs. 750.

  • Kumari Bank Limited Promoters to Auction 14,83,378 Units of Shares to General Public

    Kumari Bank Limited Promoters to Auction 14,83,378 Units of Shares to General Public


    Kumari Bank Limited (KBL) has announced that its existing promoters will be selling 14,83,378 units of their shares through an auction open to the general public. The auction period will be from 12th Jestha to 19th Jestha, 2080. This presents an opportunity for individual investors, companies, and institutions to participate in the auction and potentially acquire shares of KBL.

    To participate in the auction, interested bidders need to place their bids with a minimum bid rate of Rs. 110. It’s important to note that the minimum bid quantity for the promoters’ shares is set at 1000 units. While bidders have the option to bid for the entire issue, they must comply with the regulations of the Nepal Rastra Bank, which specify the maximum quantity of shares that can be allocated to a single entity.

    The auction process will be managed by Sunrise Capital Limited, a renowned institution in the field. At the time of writing, the Last Traded Price (LTP) of KBL stands at Rs. 169.20. This information provides potential investors with a reference point to consider while placing their bids.

    Participating in this auction allows interested investors to potentially become shareholders of Kumari Bank Limited and be part of its future growth and profitability. It is advisable for prospective bidders to carefully assess their investment strategy and make informed decisions based on their own financial goals and risk appetite.

  • NEPSE Sees Weekly Gain of 4.36% Amidst Four-Day Trading Week

    NEPSE Sees Weekly Gain of 4.36% Amidst Four-Day Trading Week


    During this week, the Nepal Stock Exchange (NEPSE) operated for only four days due to the Bhote Jatra holiday on Thursday. The week concluded with the NEPSE index closing at 1,959.12, showing a gain of 81.80 points or 4.36% compared to the previous week’s closing of 1,877.32. In the previous week, the index had experienced a gain of 2.11% from the week before that.

    Throughout the week, the NEPSE index recorded a high of 1,962.55 and a low of 1,866.11, resulting in a volatility of 96.44 points. Comparatively, the previous week had witnessed a volatility of 75.16 points. The fluctuation in the index indicates a certain level of market volatility and movement in stock prices throughout the trading days of the week.

  • Unique Nepal Laghubitta Bittiya Sanstha Announces FPO for Public Shareholders

    Unique Nepal Laghubitta Bittiya Sanstha Announces FPO for Public Shareholders


    Unique Nepal Laghubitta Bittiya Sanstha Limited (UNLB) is opening its Further Public Offering (FPO) of 3,79,425 unit shares to the general public. The FPO aims to adjust the shareholding ratio and meet regulatory requirements. The company plans to raise Rs. 3.79 crore through this issuance. Muktinath Capital Limited is the appointed issue manager for the FPO. UNLB’s issuer rating has been revised to CARE-NP B+ (Is) by CARE Ratings Nepal Limited.

  • Ajod Insurance Limited Converts Promoter Shares to Public Shares, Achieving 51:49 Ownership Ratio

    Ajod Insurance Limited Converts Promoter Shares to Public Shares, Achieving 51:49 Ownership Ratio


    Ajod Insurance Limited (AIL) has recently converted 19,00,000 units of promoter shares into public shares, resulting in a change in the company’s shareholding structure. Previously, the company had 70% of its shares held by promoters and 30% held by the public. However, with this conversion, the promoter-to-public shares ratio has shifted to 51:49.

    AIL, which currently has 1 crore unit shares listed on the Nepal Stock Exchange (NEPSE), has made this strategic move to increase the public’s ownership in the company. By converting a portion of the promoter shares, AIL aims to promote wider shareholder participation and enhance the overall transparency and governance of the company.

    As of the last trading day, AIL’s Last Traded Price (LTP) stood at Rs. 468. This price reflects the market value of AIL’s shares at that particular time. With the conversion of promoter shares into public shares, the market dynamics and investor sentiment surrounding AIL may be influenced. The shift to a 51% promoter and 49% public shareholding structure could potentially have an impact on the trading behavior and valuation of the company’s shares.

    This conversion signifies AIL’s commitment to a more balanced and inclusive ownership structure, where the public shareholders have a significant stake in the company’s future growth and profitability. It also highlights the company’s efforts to align with regulatory requirements and promote fair market practices in the insurance industry.

  • Chhyangdi Hydropower Appoints BoK Capital Market as Issue Manager for Right Share Issuance

    Chhyangdi Hydropower Appoints BoK Capital Market as Issue Manager for Right Share Issuance


    Chhyangdi Hydropower has chosen BoK Capital Market as the issue manager for its upcoming issuance of right shares. The company plans to offer existing shareholders the opportunity to purchase additional shares in a 1:1 ratio, totaling approximately Rs 38.69 crore. This move aims to strengthen shareholder ownership and support the company’s growth in the hydropower sector.