Tag: Crore

  • Mithila Laghubitta Bittiya Sanstha Limited Reports Q2 Net Profit Decline of 38.73%, Reveals Financial Snapshot

    Mithila Laghubitta Bittiya Sanstha Limited Reports Q2 Net Profit Decline of 38.73%, Reveals Financial Snapshot


    Mithila Laghubitta Bittiya Sanstha Limited (MLBBL) has recently released its financial report for the second quarter of the fiscal year 2080/81. The company disclosed a net profit of Rs. 1.33 Crore during this quarter, indicating a decline of 38.73% from the Rs. 2.17 Crores reported in the same quarter of the previous fiscal year.

    MLBBL’s financial structure exhibited a 2.73% increase in borrowings, totaling Rs. 1.33 Arba. Simultaneously, loans and advances saw a growth of 7.54%, reaching Rs. 2.49 Arba in the current reporting quarter.

    In terms of core revenue, the net interest income experienced a slight decrease of 2.56%, amounting to Rs. 5.57 crores in the current quarter compared to Rs. 5.72 crores in the corresponding quarter of the previous fiscal year.

    The company maintains a strong financial foundation with a paid-up capital of Rs. 19.6 crores and reserves totaling Rs. 13.71 crores. The annualized earnings per share (EPS) stood at Rs. 13.60, while the net worth per share was reported at Rs. 167.22. Interestingly, MLBBL is currently trading at a P/E multiple of 69.23 times.

    On another financial aspect, the Non-Performing Loans (NPL) witnessed a notable increase of 35.87%, resulting in a standing ratio of 4.47%. The provided figures offer a comprehensive overview of MLBBL’s financial performance and position in the specified quarter.

  • Kumari Bank Introduces ‘Kumari Sabal Yojana’: 8.5 Crore Units Mutual Fund Scheme for Public Subscription from 28th

    Kumari Bank Introduces ‘Kumari Sabal Yojana’: 8.5 Crore Units Mutual Fund Scheme for Public Subscription from 28th


     

    Embarking on a new investment avenue, Kumari Capital Limited introduces the closed-end mutual fund scheme, “Kumari Sabal Yojana,” through its recently published offer letter. Opening on the 28th of Magh and closing on the 2nd of Falgun, 2080, this opportunity presents investors with a chance to subscribe to 8.5 crore units, collectively valued at Rs. 85 crore. Notably, a total of 10 crore units are on offer, with 1% reserved for the scheme manager, Kumari Capital Limited, and 14% allocated to the fund sponsor, Kumari Bank Limited. In the event of undersubscription by the early closing date, the offering can extend until the 13th Falgun, providing potential investors with an extended window to seize this investment opportunity in “Kumari Sabal Yojana.”

  • Last Chance: NIBL Stable Fund Mutual Fund Public Issue Closing Today

    Last Chance: NIBL Stable Fund Mutual Fund Public Issue Closing Today


     

    NIMB Ace Capital Limited is concluding the public issuance of its mutual fund scheme, “NIBL Stable Fund,” today, on Magh 16, 2080. The originally scheduled closing date on the 5th Magh was extended due to an insufficient number of applications received by the issue manager. The mutual fund scheme, out of a total of 10 crore unit shares, has allocated 1% (10 lakh units) valued at Rs. 1 crore to the scheme manager, NIMB Ace Capital Limited, and 14% (1.4 crore units) worth Rs. 14 crore to the fund sponsor, Nepal Investment Mega Bank Limited. The remaining 8.5 crore units, amounting to Rs. 85 crore, are now available for subscription by the general public. This extension provides an additional opportunity for investors to participate in the NIBL Stable Fund, contributing to the overall capitalization of the mutual fund scheme.

     

  • HIDCL Achieves Remarkable Milestone with 11.47% Surge in Q2 FY 2080/81 Net Profit, Reaching Rs. 75.27 Crore; EPS Soars to Rs. 6.61

    HIDCL Achieves Remarkable Milestone with 11.47% Surge in Q2 FY 2080/81 Net Profit, Reaching Rs. 75.27 Crore; EPS Soars to Rs. 6.61


     

    Hydroelectricity Investment and Development Company Limited (HIDCL) reveals a robust financial performance in its recently released unaudited quarterly report for the second quarter of fiscal year 2080/81. Demonstrating an impressive 11.47% increase in net profit, the company achieved a milestone of Rs. 75.27 Crore compared to the previous year’s Rs. 67.52 Crore. With a solid foundation, HIDCL boasts a paid-up capital of Rs. 22.77 Arba and a substantial reserve and surplus of Rs. 1.89 Arba. The company’s strategic investment in equity, amounting to Rs. 3.23 Arba, resulted in a noteworthy revenue of Rs. 1.23 Crores during the same period. Additionally, HIDCL’s finance income of Rs. 1.07 Arba further accentuates its financial prowess, making it a promising entity in the realm of hydroelectric investment and development.

     

  • 19 Crore ko Quality. Pahile Total ma 25 dakhaira thyo.

    19 Crore ko Quality. Pahile Total ma 25 dakhaira thyo.


    19 Crore ko Quality. Pahile Total ma 25 dakhaira thyo.

    View on r/NepalStock by Want2PaakU

  • MBL Promoter Shares Auction Launched

    MBL Promoter Shares Auction Launched


    Surendra Mahato has initiated the auction of 1,12,32,492 units of promoter shares from Machhapuchchhre Bank Limited (MBL). The auction period spans from the 5th to the 15th of Magh, 2080.

    A total of 1,12,32,492 promoter shares of MBL are up for auction, open to interested shareholders, including the general public and institutions. The auction allows bidding with a minimum rate of Rs. 113, and the minimum bid quantity for promoter shares is set at 1,00,000 units. Interested participants can submit their bids at Machhapuchchhre Capital Limited, located at Baghdurbar, JDA Complex, Kathmandu.

    As of the latest available information, MBL concluded trading at Rs. 204.00 on the previous day. Simultaneously, MBLPO recorded a Last Traded Price (LTP) of Rs. 136.00 as of May 10, 2023.

  • Narayani Development Bank (NABBC) Granted SEBON Approval for Rs. 26.24 Crores Rights Offering

    Narayani Development Bank (NABBC) Granted SEBON Approval for Rs. 26.24 Crores Rights Offering


    The Securities Board of Nepal (SEBON) has granted approval to Narayani Development Bank Limited’s (NABBC) rights offering proposal on Poush 19, 2080. The bank is set to issue 100% right shares with a total value of Rs. 26.24 Crores, distributing 26,24,676 units (1:1) of right shares among its existing shareholders. Currently holding a paid-up capital of Rs. 26.24 crore, the company’s capital will witness an increment to Rs. 52.4 Crores after the adjustment for the proposed right shares. The responsibility of managing the issue has been entrusted to Global IME Capital Limited, with the application initially submitted to the board on Bhadra 9, 2079. As of the latest update, NABBC’s closing stock price stands at Rs. 396.10.

  • 2 crore 49 lakhs share means 24.9 lakhs share recipient.

    2 crore 49 lakhs share means 24.9 lakhs share recipient.


    If 10 shares allotted, this IPO will have 24.9 lakh share holders. But highly unlikely that there will be 24.9 lakh people applying here.

    This means highly probable that more than 10 shares allotment possible. Is this safe to buy? How will be ROI for long term?

    View on r/NepalStock by authorsuraj

  • SEBON Approves Singati Hydro Energy’s Rs. 1.45 Arba Rights Offering for Expansion and Debt Clearance

    SEBON Approves Singati Hydro Energy’s Rs. 1.45 Arba Rights Offering for Expansion and Debt Clearance


    The Securities Board of Nepal (SEBON) has granted approval to the rights offering proposal submitted by Singati Hydro Energy Limited (SHEL) on Poush 11, 2080. Under this approved plan, the company is set to issue 100% right shares valued at Rs. 1.45 Arba. This issuance will involve the distribution of 14,500,000 (1:1) units of right shares exclusively to its existing shareholders.

    Presently, Singati Hydro Energy Limited has a paid-up capital of Rs. 1.45 Arba. Following the implementation of the proposed right share issuance, involving 1.45 crore units, the company’s paid-up capital is slated to double, reaching Rs. 2.90 Arba.

    The hydropower firm asserts that the decision to introduce the right shares is aimed at generating funds for investments in other ventures and for settling outstanding debts. Kumari Capital has been appointed as the issue manager for this rights offering. The application for approval was submitted to the board on Ashad 27, 2080.

    As of the latest update, Singati Hydro Energy Limited (SHEL) concluded trading at Rs. 281.90.

  • Upper Tamakoshi Hydropower to Auction 1.7 Million Unsold Ordinary Right Shares

    Upper Tamakoshi Hydropower to Auction 1.7 Million Unsold Ordinary Right Shares


    Upper Tamakoshi Hydropower Limited (UPPER) is gearing up to conduct an auction for 1,70,19,530 unsold ordinary right shares that remained from its earlier 1:1 rights offering. The auction is scheduled to take place from the 13th to the 29th of Poush, 2080.

    The unsold portion of 1,70,19,530 units of ordinary right shares is the residual component from the company’s 1:1 ratio rights issuance, which was made available to its shareholders between the 18th of Bhadra and the 22nd of Ashwin, 2080. During the rights offering, only 8,88,80,470 units were allocated to eligible shareholders, leaving the remaining 1,70,19,530 units to be auctioned to the general public starting from the 13th of Poush.

    The auction is open to both individuals and institutions, and Sunrise Capital Limited has been appointed as the issue manager for this right share auction. The minimum bid rate for the auction is set at Rs. 100, with a minimum bid quantity of 100 units and a maximum bid quantity of 5,00,000 units. While bidders have the option to bid for the entire issue, they are required to adhere to regulatory guidelines limiting the quantity of shares per entity.

    As of the latest update, UPPER has a Last Traded Price (LTP) of Rs. 221.50.

  • Prabhu Mahalaxmi Life Insurance Shares Listed on NEPSE Following Successful Merger

    Prabhu Mahalaxmi Life Insurance Shares Listed on NEPSE Following Successful Merger


    Following the successful merger between Prabhu Life Insurance Limited (PLI) and Mahalaxmi Life Insurance Company Limited, a total of 4,29,60,000 shares of the newly formed entity, Prabhu Mahalaxmi Life Insurance Limited (PMLI), have now been officially listed on the Nepal Stock Exchange (NEPSE). This significant development, sanctioned by regulatory authorities and in compliance with the Securities Listing Regulations of 2075, marks the commencement of the trading of the consolidated shares on the Stock Exchange starting from tomorrow.

    The merger agreement between PLI and Mahalaxmi Life Insurance was formalized on the 29th of Ashad, 2080. Under the terms of the merger, a swap ratio of 1:1 was established. The total listed shares for PLI stood at 21,960,000 units, and Mahalaxmi Life Insurance had 21,000,000 units. Consequently, the merger results in a combined total of 42,960,000 unit shares for Prabhu Mahalaxmi Life Insurance Limited. This consolidation is expected to have implications for the company’s presence and activities in the stock market, reflecting the integration of resources and operations from both entities.

  • Himalayan Reinsurance Limited Announces IPO for 2.49 Million Units with Robust Promoter Support

    Himalayan Reinsurance Limited Announces IPO for 2.49 Million Units with Robust Promoter Support


    Himalayan Reinsurance Limited is set to launch its initial public offering (IPO) with the issuance of 2,49,00,000 unit shares starting from 27th Mangsir, 2080. The early closing date for this IPO is on the 1st Poush, with the possibility of extension up to the 11th Poush, 2080, if the subscription is not fully met. Out of the total 3,00,00,000 units, 10% (30,00,000 units) have been allocated to Nepalese citizens working abroad, 2% (6,00,000 units) for the company’s employees, and 5% (15,00,000 units) for mutual funds. The remaining 2,49,00,000 units are reserved for the general public, priced at Rs. 206 per share (Rs. 100 face value + Rs. 106 premium).

    NMB Capital Limited is designated as the issue manager, and interested investors can apply for a minimum of 10 units and a maximum of 3,00,000 units. ICRA Nepal has affirmed an issuer rating of [ICRANP-IR] A- to Himalayan Reinsurance Limited, indicating a satisfactory level of safety in terms of timely financial obligation servicing, signifying a low credit risk.

    Himalayan Reinsurance Limited, established in 2021, is Nepal’s second reinsurance company and operates in both the Life and Non-Life insurance sectors. The company’s IPO involves prominent promoters, including Golchha Group, Shanker Group, Infinity Holdings, Lucky Group, Ramesh Corp, Shiv Shakti Group, and other influential business entities. The IPO represents a significant milestone for the company and provides an opportunity for the public to participate in its growth.