Tag: Day

  • IME Life Insurance IPO Oversubscribed 1.4 Times with 10.84 Lakh Applicants

    IME Life Insurance IPO Oversubscribed 1.4 Times with 10.84 Lakh Applicants


     

    IME Life Insurance Company Limited is concluding the issuance of 96,00,000 unit shares to the general public starting from today, which is the 25th of Ashad. The issuance began on the 21st of Ashad, 2080.

    The company has an issued capital of Rs. 4 Arba, out of which 30% or 1,20,00,000 unit shares are allocated for the public, including Nepalese citizens working abroad and the general public. Among the total shares issued, 10% or 12,00,000 unit shares were reserved for Nepalese citizens working abroad, while 5% or 600,000 units were set aside for the employees of the company. Additionally, 5% or 600,000 units were allocated for mutual funds. The remaining 96,00,000 units are being offered to the general public.

     

  • “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.

  • 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 Index Ends Week with Slight 0.06-Point Dip at 2049.38 Level”

    “Nepse Index Ends Week with Slight 0.06-Point Dip at 2049.38 Level”


    The Nepal Stock Exchange (NEPSE) Index ended the week with a minimal decline of 0.06 points, settling at a level of 2049.38. On Wednesday, NEPSE experienced a loss of 39.26 points, reaching a stagnant position of 2049.44. During today’s trading, the market opened at 2050.28 and reached a peak of 2064.57 points. However, it also dipped to a low of 2033.43 before ultimately closing at 2049.38.

    "Nepse Index Ends Week with Slight 0.06-Point Dip at 2049.38 Level" 5

     

  • NEPSE Drops 39.26 Points; RAWA Surges with Positive Circuit, MEL Hits Negative Circuit on Debut Trading Day.

    NEPSE Drops 39.26 Points; RAWA Surges with Positive Circuit, MEL Hits Negative Circuit on Debut Trading Day.


     

    .Today, the NEPSE index ended at 2,049.44, experiencing a decline of 39.26 points compared to the previous trading day. This translates to a loss of 1.88%. Yesterday, the index had gained 12.73 points. The trading day started with an opening of 2,090.38 and reached a high of 2,101.59 during intraday trading. However, it also dropped to a low of 2,046.55 before closing at 2,049.44. In total, there were 277 scrips traded through 53,103 transactions, with a turnover of Rs. 3.07 Arba, which is higher than the turnover of Rs. 2.57 Arba on the previous trading day.

     

  • NEPSE Closes with 0.61% Gain, All Sectors Green

    NEPSE Closes with 0.61% Gain, All Sectors Green


     

    Today, the NEPSE index, which measures the performance of the Nepalese stock market, closed at 2,088.70 points. It gained 12.73 points compared to the previous trading day, resulting in a 0.61% increase. Yesterday, the index had experienced a loss of 21.32 points.

    The trading day started with an opening index value of 2,079.42. Throughout the day, the index reached its highest point at 2,104.38 and its lowest point at 2,067.22 before settling at 2,088.70 at the end of trading.

    A total of 282 different scrips were traded, and there were 46,731 transactions. In terms of shares, a total of 6,450,934 were exchanged, equivalent to a turnover of Rs. 2.57 Arba. However, this turnover amount is lower than the previous trading day’s turnover of Rs. 4.05 Arba.

     

  • “Last Day to Claim Dividend: Citizen Investment Trust (CIT) Announces 26.3158% Dividend for Shareholders at 28th AGM”

    “Last Day to Claim Dividend: Citizen Investment Trust (CIT) Announces 26.3158% Dividend for Shareholders at 28th AGM”


    Citizen Investment Trust (CIT) has announced that today is the final day for shareholders to claim the proposed dividend.

    The company has scheduled its 28th Annual General Meeting (AGM) for the 31st of Ashad, 2080. The meeting will take place at the company’s head office in New Baneshwor, Kathmandu, commencing at 3 pm.

    Among the various agenda items, the AGM will approve a dividend of 26.3158% for the fiscal year 2078/79. This decision was made during a board of directors meeting on Baisakh 29. The proposed dividend includes 25% bonus shares and 1.3158% cash dividend (for tax purposes). The current paid-up capital of CIT is Rs 4,251,000,576. Additionally, the AGM will also involve the election of a director and the appointment of a representative to sign the decision book on behalf of the shareholders and directors.

    The book closure date for dividend entitlement is Ashad 19. Shareholders who hold shares until today are eligible to receive the dividend and can also participate in the AGM.

  • Upper Syange Hydropower’s IPO Oversubscribed 18.43 Times; Last Day to Apply.

    Upper Syange Hydropower’s IPO Oversubscribed 18.43 Times; Last Day to Apply.


    Upper Syange Hydropower Limited has announced the closure of its Initial Public Offering (IPO) for 539,500 shares with a face value of Rs 100 each. The IPO was open to the general public from July 10th, 2080, and concluded on July 13th, 2080. The company aimed to raise Rs 5.39 crore from this offering, which will increase its paid-up capital to Rs 22 crores. Out of the total 650,000 units, 10% (65,000 units) were allotted to Nepalese citizens working abroad, 5% (32,500 units) were reserved for mutual funds, and 2% (13,000 units) were set aside for the company’s employees. The remaining 539,500 units were available for the general public to purchase.

     

  • Deadline for Samudayik Laghubitta Dividend Proposal.

    Deadline for Samudayik Laghubitta Dividend Proposal.


     

    Samudayik Laghubitta Bittiya Sanstha Limited (SLBSL) has announced that today is the final day to avail the dividend they have proposed. The company has scheduled its 9th Annual General Meeting (AGM) on the 22nd of Ashad, 2080. The AGM will take place at The Dhulikhel Lodge Resort in Dhulikhel, Kavrepalanchowk, starting from 11 AM. One of the important matters to be addressed during the meeting is the endorsement of a 15% dividend for the fiscal year 2078/79. The board of directors has decided to distribute this dividend on the paid-up capital of Rs. 13.20 Crores. They have proposed 10% bonus shares worth Rs. 1.32 crores and a 5% cash dividend amounting to Rs. 66 lakhs.

     

  • Ghorahi Cement Industry IPO Oversubscribed as Public Shows Strong Interest

    Ghorahi Cement Industry IPO Oversubscribed as Public Shows Strong Interest


    Ghorahi Cement Industry Limited, a company in Nepal, has recently issued an Initial Public Offering (IPO) to the general public. The IPO consists of 69,11,670 unit shares priced at Rs 435 per unit, including a premium of Rs 335. The offer opened on 32nd Jestha, 2080 and is scheduled to close on 4th Ashad, with a possible extension until 14th Ashad if it is not fully subscribed.

    The allocation of shares includes 20% for project-affected locals, 606,350 units for Nepalese citizens working abroad, 328,961 units for mutual funds, and 19,530 units for company employees. The remaining 69,11,670 units are available for the general public. The IPO is expected to generate Rs. 3.44 Arba for the company, with Rs 2.65 Arba as the premium amount and the rest contributing to the paid-up capital.

    The IPO has garnered significant interest from investors, as the number of applications received so far has surpassed the available shares. According to CDSC, 288,456 applicants have applied for a total of 98,02,460 units, resulting in an oversubscription of 1.42 times.

    Himalayan Capital Limited and Nabil Investment Banking Limited have been appointed as the issue managers for the IPO. The application process allows a minimum of 10 units and a maximum of 10,00,000 units to be applied for.

    CARE Ratings Nepal Limited has assigned a rating of `CARE-NP BBB- (Is)’ to Ghorahi Cement Industry Limited. This rating signifies a moderate degree of safety in terms of the company’s ability to meet its financial obligations in a timely manner.

    Overall, the IPO of Ghorahi Cement Industry Limited has attracted significant investor interest, surpassing expectations and demonstrating confidence in the company’s prospects.

  • Nepal Republic Media Limited Concludes Oversubscribed IPO Issuance

    Nepal Republic Media Limited Concludes Oversubscribed IPO Issuance


    Nepal Republic Media Limited, the publication house behind Nagarik Nepali Daily, Republica English Daily, and Shukrabar Weekly, is closing the issuance of its Initial Public Offering (IPO) today, on Jestha 30, 2080. The IPO opened on Jestha 26, 2080.

    The company has an issued capital of Rs. 96.75 crores, out of which 44.99% or 43,53,000 unit shares worth Rs. 43.53 crores have been allocated to the general public. Among these shares, 10% (4,35,300 units) were specifically issued to Nepalese citizens working abroad, while 4% (174,120 units) have been reserved for the employees of the company. Additionally, 5% (217,650 units) of the total shares on offer have been set aside for mutual funds. The remaining 35,25,930 units are available for the general public.

    Mega Capital Markets has been appointed as the issue manager for this IPO issuance. The minimum application quantity allowed for both the general public and Nepalese citizens working abroad is 10 units, while the maximum quantity is set at 500 units.

    According to the Central Depository System and Clearing Limited (CDSC), a total of 983,200 applicants have applied for a combined total of 10,743,740 units as of yesterday evening. This indicates that the IPO has been oversubscribed by a factor of 2.96 times so far.

    Infomerics Credit Rating Nepal Limited (Infomerics Nepal) has assigned Nepal Republic Media Limited an issuer rating of IRN B+ (Is) [Single B Plus (Issuer)]. This rating suggests a higher risk of default in terms of timely financial obligations.

    Nepal Republic Media Limited, incorporated in August 2008 as New Republic Media Private Ltd and later converted to Nepal Republic Media Ltd in June 2021, is the first media sector company to issue an IPO to the general public. The company, founded by Mr. Binod Raj Gyawali, aims to disseminate news through its various publications.

  • Jalpa Samudayik Laghubitta Bittiya Sanstha Limited (JALPA) Calls 4th AGM with Proposed 15% Dividend Distribution

    Jalpa Samudayik Laghubitta Bittiya Sanstha Limited (JALPA) Calls 4th AGM with Proposed 15% Dividend Distribution


    Jalpa Samudayik Laghubitta Bittiya Sanstha Limited (JALPA) has announced that today is the final day for shareholders to avail the proposed dividend. The company has scheduled its 4th Annual General Meeting (AGM) to take place on 4th Ashad, 2080. The AGM will be held at The SR Hotel in Tilottama Municipality -01, Drivertole, Rupandehi, starting from 9 AM on that day.

    One of the key agendas of the AGM is to approve a dividend of 15% for the fiscal year 2078/79. The decision to distribute the dividend is based on the paid-up capital of Rs. 16 Crores. It has been proposed to distribute a cash dividend of 0.75%, amounting to Rs. 12 lakhs, and a bonus share dividend of 14.25%, worth Rs. 2.28 crores.

    The book closure date for entitlement to the dividend is on Jestha 23. Therefore, shareholders who have maintained their shares until today are eligible for the dividend payout and are welcome to attend the upcoming AGM.

    The dividend announcement by JALPA provides an opportunity for shareholders to benefit from their investment in the company. Attending the AGM allows shareholders to stay updated on the company’s performance, participate in decision-making, and engage with fellow shareholders.