Tag: Day

  • Ghorahi Cement Industry Limited Concludes IPO for Nepalese Citizens Working Abroad and Extends Deadline for Project-Affected Locals

    Ghorahi Cement Industry Limited Concludes IPO for Nepalese Citizens Working Abroad and Extends Deadline for Project-Affected Locals


    Ghorahi Cement Industry Limited has announced the closure of its Initial Public Offering (IPO) for Nepalese citizens working abroad starting from 2nd Jestha, 2080. The company has also extended the IPO deadline for project-affected locals until 17th Jestha. The IPO had initially opened on 19th Baisakh, 2080.

    With an issued capital of Rs. 3.97 Arba, Ghorahi Cement will be issuing 20% of its shares, totaling 79,43,801 units, to the public, including locals, Nepalese citizens working abroad, and the general public. Out of the total issued capital, 1% or 397,190 units have been allocated to project-affected locals in the Dang District. Additionally, 19% or 75,46,611 units will be issued later for the general public, with 10% or 7,54,661 units specifically allocated for Nepalese citizens working abroad, closing today.

    The shares will be offered at Rs. 400 per unit for locals and Rs. 435 per unit for Nepalese citizens working abroad, including premiums of Rs. 300 and Rs. 335, respectively.

    Himalayan Capital Limited and Nabil Investment Banking Limited have been appointed as the issue managers for the IPO. Following the issuance, the promoter-public share ratio will be 80:20, generating a total of Rs. 3.44 Arba for the company. Out of this amount, Rs. 2.645 Arba will be allocated as a premium, while the remaining will be added to the paid-up capital.

    According to CDSC, a total of 13,236 applications have been received from Nepalese citizens working abroad, representing a demand for 595,520 units so far.

    CARE Ratings Nepal Limited (CRNL) 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 in Nepal.

  • NIC Asia Bank Limited Initiates Auction of 345,680 Promoter Shares to General Public

    NIC Asia Bank Limited Initiates Auction of 345,680 Promoter Shares to General Public


    Promoters of NIC Asia Bank Limited (NICA) have initiated an auction to sell 345,680 units of their promoter shares to the general public. The auction period will run from the 2nd of Jestha to the 9th of Jestha, 2080.

    The auction is open to individual investors, companies, and institutions, with a minimum bid rate of Rs. 365. Interested bidders must submit a minimum bid quantity of 1000 units for the promoter shares. While bidders can bid for the entire issue, they must comply with the regulations set by the Nepal Rastra Bank, which restrict the quantity of shares per entity.

    NIBL Ace Capital Limited has been appointed as the auction manager for this process. Bids will be opened at the premises of the auction manager on the 10th of Jestha, 2080, at 3 PM.

    As of the time of writing, the Last Traded Price (LTP) of NICA stands at Rs. 694.60.

  • NEPSE Index Gains 0.18% with Increased Turnover

    NEPSE Index Gains 0.18% with Increased Turnover


    The NEPSE index concluded today’s trading session at 1,821.60 points, marking an increase of 3.29 points compared to the previous closing. This translates to a gain of 0.18%. In contrast, the index had experienced a loss of 3.34 points the day before.

    At the start of the trading day, the index opened at 1,817.87 points and reached an intraday low of 1,810.10 points. However, it later reached a high of 1,827.77 points before settling at 1,821.60 points by the end of the day.

    The trading activity involved 269 scrips traded through 18,889 transactions. In total, 2,063,737 shares were exchanged, amounting to a turnover of Rs. 64.01 Crores. This figure is lower than the turnover recorded on the previous trading day, which stood at Rs. 72.49 Crores.

    NIC Asia Bank Limited (NICA) had the highest turnover of Rs. 5.01 crores and closed at a market price of Rs. 690 per share. The shares of HBL were the most actively traded during the session.

    Aatmanirbhar Laghubitta Bittiya Sanstha Limited (ANLB) experienced the highest gain, surging by 9.99% and hitting the positive circuit for the day. On the other hand, Mai Khola Hydropower Limited (MKHL) witnessed a significant loss of 10% during the trading session.

    Out of the various sector indices, only two closed in the red. The “Non-Life Insurance” sector index experienced the highest gain of 0.99%, while the “Others” sector index recorded the highest loss of 0.89% for the day.

  • Prabhu Capital Limited and Century Capital Markets Join Forces for an Epic Financial Venture

    Prabhu Capital Limited and Century Capital Markets Join Forces for an Epic Financial Venture


    Prabhu Capital Limited and Century Capital Markets have officially commenced their joint operation on Jestha 01, 2080, following a successful acquisition. The acquisition was approved by the Office of the Registrar and regulatory bodies, as confirmed through a letter issued on Baisakh 26, 2080. The two companies will now conduct their business together under the unified name of “Prabhu Capital Limited.”

    Prior to the merger, both Prabhu Capital Limited and Century Capital Markets held separate Special General Meetings (SGMs) to obtain endorsement for a share swap ratio of 1:1. This ratio indicates that shareholders of both companies received equal shares in the merged entity. As a result, the registered office of the merged company, Prabhu Capital Limited, will be situated in Kamaladi, Kathmandu.

    The joint operation of Prabhu Capital Limited marks a significant milestone in the financial market, bringing together the expertise and resources of both entities. The merger is expected to enhance their capabilities and expand their reach to provide comprehensive services to clients in the Nepalese market.

  • Mai Khola Hydropower Limited Lists 39,21,568 Units of IPO Shares on NEPSE

    Mai Khola Hydropower Limited Lists 39,21,568 Units of IPO Shares on NEPSE


    Mai Khola Hydropower Limited has successfully listed 39,21,568 units of IPO shares on the Nepal Stock Exchange (NEPSE). This figure includes shares held by the promoters, as well as shares issued to project-affected locals and the general public.

    The initial trading range for these shares is set between Rs. 111.67 and Rs. 335.01. If the company enters into an agreement with NEPSE, the IPO shares will be eligible for trading on the secondary market the following day.

    Among the total shares available, 12,69,411 units worth Rs. 12.69 Crore were specifically issued as Initial Public Offerings to the general public during the period of Baisakh 8-12, 2080.

  • Bonus Shares of Four Companies Listed in NEPSE

    Bonus Shares of Four Companies Listed in NEPSE


    The NEPSE has listed a total of 26,37,583.15 unit bonus shares of Agricultural Development Bank Limited (ADBL), signaling a significant development for the bank. This comes after the bank’s 16th Annual General Meeting (AGM) held on 14th Chaitra, where a 13% dividend for the fiscal year 2078/79 was endorsed. The Board of Directors (BoD) meeting held on Poush 26 had proposed distributing 2% bonus shares and an 11% cash dividend to the shareholders. The same bonus shares have now been listed in NEPSE, with ADBL currently having a Last Traded Price (LTP) of Rs. 228.

    Salt Trading Corporation Limited (STC) has also seen 2,53,531.19 unit bonus shares listed in NEPSE. The company’s 56th AGM, held on 10th Chaitra, approved a 15% dividend from the profits of FY 78/79. The Board of Directors meeting on Poush 28 proposed distributing 10% bonus shares and a 5% cash dividend (including tax amount) from the profits of the same fiscal year. STC closed at Rs. 3,623 as of the latest update.

    Swabhimaan Laghubitta Bittiya Sanstha Limited (SMFBS) has witnessed the listing of 2,43,564.30 unit bonus shares in NEPSE. During the company’s 6th AGM on the 11th Chaitra, a 21.0526% dividend worth Rs. 2.56 crores for the fiscal year 2078/79 was endorsed. The board meeting on Magh 11 proposed distributing 20% bonus shares and a 1.0526% cash dividend (for tax purposes) based on the paid-up capital of Rs. 12.17 crores. SMFBS currently has an LTP of Rs. 910.

    Mirmire Laghubitta Bittiya Sanstha Limited (MMFDB) has listed 12,21,772.39 unit bonus shares in NEPSE. The company’s 12th AGM on 30th Poush approved a 23% dividend for the fiscal year 2078/79. The board meeting on Poush 06 decided to distribute 23% bonus shares from the profit and reserves maintained for the same fiscal year. The bonus shares, amounting to Rs. 12.21 crores, will be distributed to the shareholders. MMFDB currently has an LTP of Rs. 560.

    The listing of bonus shares in NEPSE indicates positive developments for these companies and provides additional benefits to their shareholders.

  • NEPSE Index Ends the Day with a 0.18% Loss

    NEPSE Index Ends the Day with a 0.18% Loss


    The NEPSE index closed today at 1,818.31, reflecting a decrease of 3.34 points or 0.18% from the previous trading day’s closing. Yesterday, the index experienced a more significant loss of 16.96 points.

    The trading day began with the index opening at 1,821.81. Throughout the day, it reached an intraday low of 1,807.53 and a high of 1,826.65, before ultimately closing at 1,818.31.

    In terms of trading activity, there were 20,158 transactions involving 266 scrips. A total of 2,341,240 shares were exchanged, with a turnover amount of Rs. 72.49 Crores. This turnover was lower compared to the previous trading day’s turnover of Rs. 90.05 Crores.

    Among the traded stocks, NIC Asia Bank Limited (NICA) had the highest turnover of Rs. 3.04 crores, closing at a market price of Rs. 694.60 per share. Additionally, the shares of PRVU were the most actively traded.

    In terms of individual stock performance, NIBL Growth Fund (NIBLGF) recorded the highest gain of 9.88% for the day. On the other hand, Sagarmatha Lumbini Insurance Co. Limited (SALICO) experienced the highest loss of 6.45%.

    Regarding sector indices, only four closed in the green. The “Manufacturing and Processing” sector index saw the highest gain of 0.52%, while the “Non-Life Insurance” sector index experienced the highest loss of 0.62%.

    Overall, the NEPSE index ended the day with a slight loss, accompanied by fluctuations in individual stock prices and sector indices.

  • NIC Asia Bank Leads Trading Volume, NIBL Growth Fund Surges, and SALICO Faces Loss: Market Highlights

    NIC Asia Bank Leads Trading Volume, NIBL Growth Fund Surges, and SALICO Faces Loss: Market Highlights


    NIC Asia Bank Limited (NICA) had the highest trading volume of Rs. 3.04 crores and closed at a market price of Rs. 694.60 per share. The shares of PRVU had the highest trading activity.

    NIBL Growth Fund (NIBLGF) experienced the highest gain of 9.88% during the day.

    On the other hand, Sagarmatha Lumbini Insurance Co. Limited (SALICO) recorded the highest loss of 6.45% today.

    Among the sector indices, only four closed in positive territory, with the “Manufacturing and Processing” sector gaining the highest at 0.52%. The “Non-Life Insurance” sector had the highest decline, losing 0.62% today.

  • NEPSE Index Records Weekly Loss

    NEPSE Index Records Weekly Loss


    The NEPSE Index, the stock market index of Nepal, concluded the week at a level of 1,838.59, representing a loss of 31.14 points or 1.67%. This decrease follows a similar 1.67% decline from the previous week when the index closed at 1,869.73.

    Throughout the week, the index displayed volatility, with a high of 1,872.22 and a low of 1,825.83. This indicates a range of 37.68 points, which is slightly lower than the 46.39 points of volatility observed in the previous week.

    Analyzing the trend data on daily charts, it is evident that both the short-term and mid-term trends are downward. Each day, the index has been making lower lows, indicating a bearish market sentiment prevailing in the market.

    On Tuesday, there was a notable intraday gain of 10.67 points, accompanied by a turnover of Rs 0.77 Arba. However, the total turnover for the week amounted to Rs 3.25 Arba, indicating moderate trading activity.

    Overall, the NEPSE Index experienced a downward trend during the week, characterized by volatility and declining values. Investors witnessed a bearish market sentiment with the index consistently making lower lows.

  • Modi Energy Limited IPO Allotment Concludes: Lottery Results Announced

    Modi Energy Limited IPO Allotment Concludes: Lottery Results Announced


    The IPO allotment of Modi Energy Limited has been successfully completed at the premises of Sunrise Capital Limited in Kathmandu. The company had issued 55,59,420 units worth Rs. 55.59 crores as Initial Public Offering (IPO) to the general public from Baisakh 19 to 24, 2080.

    Prior to the IPO, the company had allocated 29,00,000 unit shares worth Rs. 29 crores to project-affected locals in Parbat District. However, only 804,390 units or 27.73% were allotted to valid applicants. As a result, the remaining 20,95,610 units of unsubscribed shares from project-affected locals were added to 43,50,000 units reserved for the general public, making a total of 64,45,610 units available to the public.

    Out of the total 64,45,610 units, 435,000 units were already issued and allotted to Nepalese citizens working abroad. Additionally, 5% of the offered shares, equivalent to 322,280 units, were reserved for mutual funds, and 2% or 128,910 units were set aside for employees of the company. The remaining 55,59,420 units were allocated to the general public. Some unsubscribed units from employees, totaling 52,840 units, were added to the general public pool, resulting in a total of 56,12,260 units.

    Promoter shareholders hold 75% of the shares in the company, while the general public and other allocated categories hold the remaining shares.

    The IPO received a tremendous response, with 12,29,741 valid applicants applying for a total of 13,401,080 units, oversubscribing the issue by more than 2.41 times.

    Under the allotment module, a total of 5,61,226 applicants were allotted 10 units each through a lottery, while the remaining 6,68,515 applicants were not successful in securing any shares.

    Furthermore, 322,280 units were allocated to mutual funds, and out of the 128,910 units set aside for employees, only 76,070 units were subscribed and allotted. The remaining 52,840 units from the employee category were added to the general public pool.

    Unfortunately, 6,528 applicants who applied for 102,950 units were disqualified during the allotment process.

    Overall, the IPO allotment process has been completed, and successful applicants have been notified of their allotted shares.

  • Citizen Investment Trust’s Proposal: A 26.3158% Dividend for the Fiscal Year 2078/79

    Citizen Investment Trust’s Proposal: A 26.3158% Dividend for the Fiscal Year 2078/79


    Citizen Investment Trust (CIT) has put forward a proposal to distribute a 26.3158% dividend for the fiscal year 2078/79. The decision was made during a board of directors meeting held on Baisakh 29. The proposed dividend consists of a 25% bonus shares allocation and a 1.3158% cash dividend (for tax purposes). The current paid-up capital of CIT stands at Rs 4,251,000,576.

    It is important to note that the dividend proposal is subject to approval from the Ministry of Finance, Nepal Government, and the upcoming Annual General Meeting (AGM).

    As of the latest trading day, CIT’s closing price stands at Rs. 2,011.

  • RBB Merchant Banking Closes RBB Mutual Fund 2 Issue to General Public

    RBB Merchant Banking Closes RBB Mutual Fund 2 Issue to General Public


    RBB Merchant Banking Limited has concluded the public offering of its mutual fund scheme, “RBB Mutual Fund 2,” on the specified date of 31st Baisakh. The offering, which initially opened on the 17th Baisakh and was intended to close on the 21st Baisakh, had been extended due to an insufficient number of applications.

    Out of a total of 12 crore unit shares, the fund sponsor, Rastriya Banijya Bank Limited, has been allocated 15% or 1.80 crore units worth Rs. 18 crores. The remaining 10.20 crore units were made available to the general public.

    As reported by CDSC (Central Depository System and Clearing Ltd.), as of 5 PM last Friday, a total of 15,651 applicants have applied for 46,046,424 units worth Rs. 46.04 crores.

    “RBB Mutual Fund 2” is a closed-end fund that will be traded on the Nepal Stock Exchange (NEPSE) and has a maturity period of 10 years. Interested applicants were able to apply for a minimum of 100 units up to a maximum of 12,000,000 units.

    RBB Merchant Banking Limited currently manages another closed-end fund, RBB Mutual Fund 1 (RMF1), in the market.