The Securities Exchange Board of Nepal (SEBON) has approved Rawa Energy Development Limited’s proposed initial public offering (IPO) on Falgun 25.
The company will now issue 840,000 equity shares at NPR 100 per share. The issue is worth Rs. 8.4 crore. This is equivalent to 30% of the company’s issued capital. The company’s total paid-up capital following the IPO allotment would be Rs 28 crores.
Prabhu Capital Limited has been appointed as the proposed IPO’s issue manager.
The NEPSE index closed at 1,938.62 today, down 14.44 points from the previous trading day’s close. This represents a 0.74% decrease. Yesterday, the index rose 1.85 points.
The index opened today at 1,953.96 and reached an intraday high of 1,956.37. In contrast, it dropped as low as 1,926.57 before closing at 1,938.62.
For the first eight months of the current fiscal year 2079/80, the government’s budget deficit exceeded Rs. 1.56 Kharba. By the end of Falgun, the government had spent 7.79 Kharba of its budget, but had only collected 6.22 Kharba in total revenue.
Meanwhile, only 22.15% of capital expenditure (CAPEX) is used until the end of Falgun’s fiscal year 2079/80.
The government’s capital expenditure is the money spent on the development of physical assets. In Nepal, the capital budget is funded by balancing domestic revenue after the recurrent budget, grants, and loans have been met. According to the Financial Comptroller General Office, only Rs. 84.25 Arba of the capital budget has been spent out of the targeted budget of Rs. 3.80 Kharba.
The IME Life Insurance Company Limited Initial Public Offering (IPO) has been added to SEBON’s IPO pipeline for approval.
The company intends to sell 12 million unit shares to the general public for Rs. 276 each (Rs 100 face value + Rs 176 premium price). The company will raise a total of Rs. 3.312 billion through the IPO.
Nepal Stock Exchange Limited (NEPSE) has made a test version of a virtual trade management system (simulator) available in order to introduce prospective investors to the technology.
The main concern is, “How does NEPSE’s online method work?” This method was implemented with the goal of educating people and providing useful information.
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.
Chilime Hydro Power Company Limited (CHCL) has launched 50,63,846.01 Units Bonus Shares on NEPSE.
The board of directors suggested a 15% dividend for fiscal year 2078/79 during its 410th meeting on Mangsir 20. 7.5% bonus shares and 7.5% cash dividends of Rs. 50.63 crores each were proposed and delivered to shareholders. The current paid-up capital of the firm is Rs. 6.75 Arba. NEPSE now lists the same bonus shares.
The company’s LTP is Rs. 475.30 as of this writing.
Today’s gold price has risen by Rs. 600 on the domestic market.
According to the Federation of Nepal Gold and Silver Dealers’ Association’s official website, fine gold is now trading for Rs. 104,100 per tola. Yesterday, the pricing remained unchanged at Rs. 103,500 per tola. Meanwhile, Tejabi gold is currently trading for Rs. 103,600. In contrast, the cost was kept at Rs. 103,000 per tola yesterday.
Silver has gained Rs. 10 per tola on the sidelines. The gleaming white gold is currently trading in the local market for Rs. 1,255 per tola, up from Rs. 1,245 per tola yesterday.
Gold is currently trading at USD $1,877.10 per ounce on the international market, while silver is trading at USD $1.30 per ounce.
Sabaiko Laghubitta held its 6th AGM on Falgun 26, 2079, led by company chair Mr. Narayan Prasad Joshi.
According to the media statement, the AGM decided to approve 18% bonus shares and 0.95% cash dividends to its shareholders, as well as authorize the board to conduct any merger/acquisition work with suitable institutions.
Hydroelectricity Investment & Development Company Limited (HIDCL) has listed 43,57,185 units right shares on NEPSE.
From the 22nd Magh to the 8th Falgun, 2079, HIDCL auctioned off 2,21,97,325 units of promoter share. Individuals, institutions, and businesses could all bid in the auction. However, only 141 bidders submitted bids for 43,57,185 unit shares. The cut-off rate was Rs. 100. NEPSE now lists the same right
According to the Nepal Rastra Bank, inflation remained at 7.88 percent year on year. During the mentioned period, the gross foreign exchange reserves stood at USD 10.50 billion, while total imports and exports decreased by 19.9 percent and 29 percent, respectively, and the trade deficit decreased by 18.7 percent.
The outstanding concessional loan was Rs.210.96 billion as of mid-February 2023, with 148,295 borrowers. For selected commercial agriculture and livestock businesses, Rs.142.56 billion has been extended to 61,335 borrowers. Similarly, 84,105 women entrepreneurs have received loans totaling Rs.65.19 billion. A total of 2,855 borrowers have received concessional loans in other specified sector
In the domestic market today, the price of gold has risen by Rs. 1700.
According to the Federation of Nepal Gold and Silver Dealers’ Association’s official website, fine gold is currently trading at Rs. 103,500 per tola. Yesterday, the rate remained unchanged at Rs. 101,800 per tola. Meanwhile, Tejabi gold is currently trading at Rs. 103,000. In contrast, the rate was kept at Rs. 101,300 per tola yesterday.