Tag: Distributed

  • Garima Bikas Bank Distributes 13% Bonus Shares and Endorses 14.5% Dividend for Fiscal Year 2078/79

    Garima Bikas Bank Distributes 13% Bonus Shares and Endorses 14.5% Dividend for Fiscal Year 2078/79


    Garima Bikas Bank Limited has distributed 13% bonus shares directly to the DEMAT account of its shareholders and has urged them to dematerialize their shares. This was announced after the bank’s 16th AGM where it also endorsed a 14.5% dividend worth Rs. 66.56 Crores for the fiscal year 2078/79. The board of directors meeting held later decided to distribute a 14.5% dividend on the paid-up capital of Rs. 4.59 Arba.

    In addition to the bonus shares, 1.50% cash dividend worth Rs 6.88 Crores was proposed. The bonus shares were already listed in NEPSE. The bank has also requested its shareholders to pay the tax amount for the 16% bonus shares proposed for FY 2077/2078. The details of the tax amount that a shareholder has to pay can be found on the website of the share registrar NIBL Ace Capital Limited.

    The bank’s decision to distribute bonus shares and dividends is expected to benefit its shareholders. The distribution of bonus shares will increase their ownership in the bank, while the dividend payment will provide them with a direct cash payment. The bank has also encouraged its shareholders to dematerialize their shares. This will facilitate electronic trading of shares, making it easier for shareholders to trade them in the secondary market.

  • AHPC Distributes 8% Bonus Shares and Dividend Worth Rs. 21.11 Crores, Encourages Shareholders to Dematerialize Shares

    AHPC Distributes 8% Bonus Shares and Dividend Worth Rs. 21.11 Crores, Encourages Shareholders to Dematerialize Shares


    Arun Valley Hydropower Development Company Limited (AHPC) has recently given out 8% bonus shares to its shareholders. The bonus shares were distributed directly to the DEMAT accounts of the shareholders. AHPC has also encouraged its shareholders to dematerialize their shares. Dematerialization refers to the process of converting physical shares into electronic format.

    During the 25th Annual General Meeting (AGM) held on 27th Magh for the fiscal year 2078/79, AHPC approved an 8.421% dividend worth Rs. 21.11 Crores. The board of directors of AHPC, in a meeting held on Mangsir 16, decided to distribute the dividend to its shareholders based on the paid-up capital of Rs. 1.72 Arba. The dividend comprised of 8% bonus shares worth Rs. 13,83,67,600 and 0.421% cash dividend (for tax purposes) worth Rs. 72,81,595. It is important to note that the bonus shares have already been listed in the Nepal Stock Exchange (NEPSE).

    In order to receive the bonus shares and the cash dividend, shareholders of AHPC will need to dematerialize their shares at Muktinath Capital Limited, which is located in Naxal, Kathmandu. This is because the bonus shares have already been issued in electronic form, so shareholders will need to have DEMAT accounts to receive them. The company has urged its shareholders to dematerialize their shares to ensure a smooth and efficient transfer of shares and dividends.

  • On Baisakh 04, Ingwa Hydropower distributed IPO shares to project-affected locals and Nepalese working abroad.

    On Baisakh 04, Ingwa Hydropower distributed IPO shares to project-affected locals and Nepalese working abroad.


    Ingwa Hydropower Limited has distributed IPO shares to Taplejung District residents and Nepalese people working overseas. The allotment program ended on the 4th of Baisakh, and money will be refunded to non-allottee applicants beginning on the 6th of Baisakh, 2080.

    The company’s issued capital is Rs. 60 crores, of which 10%, or 6,00,000 unit shares worth Rs. 6 crores, were distributed to project-affected Taplejung District residents. Meanwhile, 20% of the company’s outstanding capital, or 12,00,000 unit shares, will be made available to the general public later. 10% of the shares in this public offering, totaling 120,000 units, were reserved for Nepalese people working overseas. The problem had begun on the 21st of Falgun, 2079.

     

  • Muktinath Bikas Bank and Sadhana Laghubitta distributed bonus shares to shareholders’ demat accounts.

    Muktinath Bikas Bank and Sadhana Laghubitta distributed bonus shares to shareholders’ demat accounts.


    Muktinath Bikas Bank Limited (MNBBL) has given 13.5% bonus shares directly to its owners’ DEMAT accounts and encouraged them to dematerialize their shares.

    On 30th Poush, 2079, the bank had its 16th AGM for FY 2078/79. The AGM approved a dividend of 14.2105% for fiscal year 2078/79. The board of directors resolved on Poush 01 to disburse the dividend on the paid-up capital of Rs. 5.65 Arba. There was a proposal for 13.5% bonus shares worth Rs 76.37 crore and 0.7105% cash dividend (including bonus shares for tax purposes) of Rs 4.01 crore. Demat accounts are now receiving the same bonus dividend.

     

  • Modi Energy Allotted Shares to Parbat District Residents; 72.27% of Shares Were Unsubscribed

    Modi Energy Allotted Shares to Parbat District Residents; 72.27% of Shares Were Unsubscribed


     

    Modi Energy Limited has distributed IPO shares to Parbat District residents affected by the project. The allotment program came to an end on Chaitra 19, 2079.

    From the 25th Falgun to the 16th Chaitra, 2079, the company issued 29,00,000 unit IPO shares, representing 10% of the issued capital of Rs. 2.9 Arba, to project-affected residents of Parbat District. Locals could apply for a minimum of 10 shares and a maximum of 1000 shares.

     

  • On Chaitra 20, Dolti Power Company distributed IPO shares to project-affected residents of Dailekh District.

    On Chaitra 20, Dolti Power Company distributed IPO shares to project-affected residents of Dailekh District.


    Dolti Power Company Limited has distributed IPO shares to Dailekh District residents affected by the project. The allotment program came to an end on Chaitra 20, 2079.

    The company’s issued capital is Rs. 53.64 crores, of which 10%, or 536,486 unit shares worth Rs. 5.36 crores, were allocated to project-affected Dailekh District residents. Meanwhile, 20% of the company’s issued capital, or 10,72,972 unit shares, will be made available to the general public later. 10% of the shares in this public offering, totaling 107,298 units, were reserved for Nepalese citizens working abroad. The problem had begun on the 8th of Falgun, 2079.

     

  • The Sagarmatha Jalbidhyut Company’s Initial Public Offering (IPO) has concluded, with 3,58,176 lucky applicants receiving 10 units each.

    The Sagarmatha Jalbidhyut Company’s Initial Public Offering (IPO) has concluded, with 3,58,176 lucky applicants receiving 10 units each.


    Sagarmatha Jalvidyut Company Limited’s initial public offering (IPO) was completed today at Prabhu Capital Limited’s Kamaladi headquarters.

    Out of the total 43,68,000 units authorized for the general public, 10%, or 436,800 units, have already been issued and distributed to Nepalese people working abroad, 5%, or 218,400 units, have been put aside for mutual funds, and 3%, or 131,040 units, have been set aside for firm workers.

     

    The remaining 35,81,760 units were distributed to the general population between the 8th and 12th Chaitra, 2079.

    Following the IPO, the company’s paid-up capital will be Rs. 1.12 Arba. Moreover, the promoter-public share ratio would be 51: 49.

    The problem has received 13,93,153 genuine applications.

  • Makar Jitumaya Suri Hydropower Company Allotted IPO Shares to Locals Affected by the Project and Nepalese Working Abroad

    Makar Jitumaya Suri Hydropower Company Allotted IPO Shares to Locals Affected by the Project and Nepalese Working Abroad


    Makar Jitumaya Suri Hydropower Company Limited has distributed IPO shares to project-affected Dolakha District residents and Nepalese citizens working abroad. The allotment program ended on Chaitra 9, 2079.

    The company’s issued capital is Rs. 76 crores, of which 10%, or 7,60,000 unit shares worth Rs. 7.6 crores, were allocated to project-affected Dolakha District residents (Locals of Gaurisankhar gaupalika and Bigu gaupalika). Meanwhile, 20% of the company’s issued capital, or 15,20,000 unit shares, will be made available to the general public later. 10% of the shares in this public offering, totaling 152,000 units, were reserved for Nepalese citizens working abroad. The issue had begun on the 15th of Magh, 2079.

     

  • 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.

  • List of Companies With IPO Shares That Have Not Yet Been Listed on NEPSE; 9 Companies Are Also Planning an IPO

    List of Companies With IPO Shares That Have Not Yet Been Listed on NEPSE; 9 Companies Are Also Planning an IPO


    An initial public offering is the process by which a privately held company becomes a publicly traded company by selling its stock to the general public (IPO). An IPO allows a company to raise funds by selling ownership stakes to a diverse group of investors. It is a method for businesses to obtain public funding in order to support operations or grow.

    A company that wants to go public typically hires an investment bank to handle the IPO. The investment bank and the company will work together to determine the appropriate stock price and quantity to be distributed. Following that, the company will file a registration statement with the Securities and Exchange Commission (SEC) detailing its finances and other information.