Tag: Deadline

  • 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.

  • IPO of Three Star Hydropower Limited closes for Nepali citizens abroad and extends deadline for project-affected locals

    IPO of Three Star Hydropower Limited closes for Nepali citizens abroad and extends deadline for project-affected locals


    Three Star Hydropower Limited is closing the initial public offering (IPO) for Nepalese citizens working abroad today, i.e., 25th Baisakh, 2080, and has extended the deadline for project-affected locals to apply for the IPO until 9th Jestha. The IPO issue was opened on 11th Baisakh, 2080. The company’s issued capital is Rs. 49.25 Crores, of which 10% has been allocated to project-affected locals of Khotang District, while 15% will be issued later for the general public. Of this public issue, 10% has been allocated for Nepalese citizens working abroad, and the issue for this segment will close today.

    The minimum application quantity for project-affected locals is ten units, while the maximum quantity is 492,500 units. For Nepalese citizens working abroad, the minimum application quantity is ten units, and the maximum quantity is 73,875 units. The IPO issue manager is Himalayan Capital Limited. After this IPO, the promoter-public share ratio will be 75:25.

    As per CDSC, Nepalese citizens working abroad have submitted 20,646 applications for a total of 512,280 units. So far, the issue has been oversubscribed by 6.93 times.

    Three Star Hydropower Limited is a public company located in Province 1, Haleshi Tuwachung Municipality, Khotang. The company was established in 2072 BS and has a total capacity of 7.151 MW. The founders of the company are Kumar Kharel, Mohan Karki, and Madhav Mainali, who named the company after themselves and then named it Three Star Hydro. Later, Uddhav Raj Shivakotee ‘Kangal’, Pradeep K Agrawal, Ananda P Manandhar, Zen Lama, and Ratna Bdr Newar joined the founders. ICRA Nepal has assigned an issuer rating of Three Star Hydropower Limited as [ICRANP-IR] B-, indicating a high risk of default regarding the timely servicing of financial obligations.

  • The deadline for life and non-life insurance companies to raise capital to Rs 5 billion has passed.

    The deadline for life and non-life insurance companies to raise capital to Rs 5 billion has passed.


    On the 10th of Chaitra 2078, the Nepal Insurance Authority directed that life insurance businesses have a minimum paid-up capital of Rs. 5 Arba. The Insurance Board also encouraged non-life insurance companies to increase their paid-up capital to Rs. 2.5 Arba by the end of Chaitra 2079.

     

     

  • The application deadline for the “Citizens Super 30 Mutual Fund” has been extended till Baisakh 20.

    The application deadline for the “Citizens Super 30 Mutual Fund” has been extended till Baisakh 20.


    Citizens Capital Limited has extended the deadline for the general public to invest in the mutual fund scheme “Citizens Super 30 Mutual Fund” until the 20th Baisakh, 2080. The problem began on the 6th of Baisakh and was intended to end today, the 10th of Baisakh, 2080. However, because the problem manager did not get a sufficient number of applications, the deadline has been extended until Baisakh 20.

    15% or 1.50 crore units worth Rs. 15 crores have been allotted to the fund promoter Citizens Bank International Limited, with the remaining 8.5 crores going to the general public.

     

  • SEBON Extends the Deadline for Companies Interested in Stock Exchange Operations

    SEBON Extends the Deadline for Companies Interested in Stock Exchange Operations


    The Securities Board of Nepal (SEBON) has issued a notice to eligible institutions requiring them to apply for a Commodities Exchange Market Operation license and a Stock Exchange Operation license within 10 days.

    To provide investors with market access, enable commodity price innovation, and provide investors with alternative investment instruments to preserve price stability, a commodities exchange market that is investor-friendly, competitive, worldwide in scope, and competent is required.

    In order to run the commodities exchange market under the rules, guidelines, and other applicable regulations, those who seek to form a limited liability company in compliance with the prevailing legislation must first get board permission.

     

  • The suspension of a broker license has resulted in the freezing of approximately Rs. 12 Arba in capital.

    The suspension of a broker license has resulted in the freezing of approximately Rs. 12 Arba in capital.


     

    One company applied for a stock dealer license in the previous seven months, while 45 companies applied for stock broker licenses. Nonetheless, all procedures had been halted as a result of the Supreme Court’s directive. Seven months later, the broker license has been suspended, resulting in the freezing of approximately Rs. 12 Arba in capital.

    SEBON’s revised Securities Market Operation Regulations 2064 and Securities Dealers Regulations 2064 begin the process of awarding new licenses. On Ashwin 2, 2079, the Securities Board issued a notice with a 30-day deadline to carry it out. As a result, 45 companies applied for stock broker licenses, while only one company applied for stock dealer license. Throughout the seven months

     

  • NMB Bank’s “10.75% NMB Debenture 2089/90” is now available; minimum applications are for 25 units.

    NMB Bank’s “10.75% NMB Debenture 2089/90” is now available; minimum applications are for 25 units.


    NMB Bank Limited (NMB) is releasing 40,00,000 units of “10.75% NMB Debenture 2089/90″ to the general public and institutions today, Chaitra 21st.

     

    The debenture, which has a maturity period of 10 years and a coupon rate of 10.75%, is available for application from today to the 24th Chaitra, 2079. 
    If the issue is not fully subscribed, the deadline can be pushed back to Baisakh 5, 2080.

     

  • Siddhartha Bank’s Promoter Shares will being auctioned off starting today.

    Siddhartha Bank’s Promoter Shares will being auctioned off starting today.


    From today, 14th Chaitra, 2079, the promoter shareholder of Siddhartha Bank Limited (SBL) is auctioning 114,813 units of shares to existing promoter owners.

    SBL unit promoter shares worth 114,813 will be auctioned off. Only existing promoters are entitled to bid on the auction within 35 days after its publication, on the 14th Chaitra. Shareholders should submit their bids to the bank’s headquarters office in Hattisar, Kathmandu.

    If no offers are received from existing founding owners by the deadline, the shares will be auctioned off to the general public.

  • Modi Energy IPO closes today for Nepalese working abroad.

    Modi Energy IPO closes today for Nepalese working abroad.


    Modi Energy Limited is closing its IPO issue to Nepalese citizens working abroad today, 9th Chaitra, and has extended the IPO issue deadline for project-affected locals until 16th Chaitra, 2079. The problem had begun on the 25th of Falgun, 2079.

    The company’s issued capital is Rs. 2.9 Arba, of which 10%, or 29,00,000 unit shares worth Rs. 29 crores, have been distributed to project-affected Parbat District residents. Meanwhile, 15% of the company’s outstanding capital, or 43,50,000 unit shares, will be made available to the general public later. This public offering, which will conclude today, has reserved 10% of the shares totalling 435,000 units for Nepali people working overseas.

  • Reminder! Janautthan Samudayic Laghubitta’s Proposed Dividend Deadline

    Reminder! Janautthan Samudayic Laghubitta’s Proposed Dividend Deadline


    This is the last day to get a dividend of 15.7895% suggested by Janautthan Samudayic Laghubitta Bittiya Sanstha Limited (JSLBB).

    The corporation has scheduled its 12th Annual General Meeting for Chaitra 26th, 2079. The conference will begin at 11 a.m. that day at the Hotel New Era in Butwal.

    Among the other items on the agenda, the AGM will approve a 15.7895% dividend of Rs. 2.33 crores for fiscal year 2078/79. The board of directors resolved on March 29 to distribute 15% bonus shares and 0.7895% cash dividend from the paid-up capital of Rs. 14.79 crores. As a result, the bonus shares are worth somewhat more than Rs. 2.21 crore, while the cash dividends are worth Rs. 11.67 lakhs.

  • Reminder! Janautthan Samudayic Laghubitta’s Proposed Dividend Deadline

    Reminder! Janautthan Samudayic Laghubitta’s Proposed Dividend Deadline


    Today is the last day to receive a dividend of 15.7895% proposed by Janautthan Samudayic Laghubitta Bittiya Sanstha Limited (JSLBB).

    The company has scheduled its 12th Annual General Meeting for Chaitra 26th, 2079. The meeting will begin at 11 a.m. that day at the Hotel New Era in Butwal.

    Among the other items on the agenda, the AGM will approve a 15.7895% dividend of Rs. 2.33 crores for fiscal year 2078/79. The board of directors decided on March 29 to distribute 15% bonus shares and 0.7895% cash dividend from the paid-up capital of Rs. 14.79 crores. As a result, the bonus shares are worth slightly more than Rs. 2.21 crore, a

     

  • The deadline for the auction of 296,000 Kumari Bank promoter shares has been extended to Chaitra 06

    The deadline for the auction of 296,000 Kumari Bank promoter shares has been extended to Chaitra 06


    The deadline for the sale of 2,96,000 units of promoter share has been extended till Chaitra 6, 2079, according to Kumari Bank Limited (KBL).

    KBL’s existing promoters have started auctioning off their 2,96,000 unit promoter stake. The auction began on the 16th of Falgun and was scheduled to end tomorrow, on the 30th of Falgun, 2079. Nevertheless, because the auction organizer received insufficient applications, the sale has been extended until Chaitra 6.

    Individual investors, businesses, and institutions can all bid in an auction. The minimum bid is Rs. 119. The promoters’ shares have a minimum bid quantity of 10,000 units. Although bidders may bid for the full issue, they must follow the Nepal Rastra Bank’s guideline not to bid more than once.