Tag: exchange

  • Himalayan Distillery Limited Reports 51.24% Drop in Q1 Net Profit, Reveals Financial Performance for FY 2080/81

    Himalayan Distillery Limited Reports 51.24% Drop in Q1 Net Profit, Reveals Financial Performance for FY 2080/81


    In the recently released financial report for the first quarter of fiscal year 2080/81, Himalayan Distillery Limited (HDL) revealed a substantial 51.24% decline in net profit, dropping to Rs 10.51 crore from Rs 21.5 crore in the corresponding quarter of FY 2079/80. The company faced a notable downturn in revenue, experiencing a 29.70% decrease to Rs 97.18 crore in Q1 2080/81, compared to Rs 1.38 arba in the same quarter of FY 2079/80. Despite this challenging financial scenario, HDL saw a positive surge in other operating income, marking a 73.25% increase to Rs 59.11 lakhs from Rs 34.12 lakhs in the previous year.

    As outlined in the financial report, Himalayan Distillery’s share capital currently stands at Rs 2.42 Arba, with other equity amounting to Rs 1.03 Arba. Key financial metrics include an annualized Earnings Per Share (EPS) of Rs 17.32, reflecting the company’s performance on a per-share basis. However, the quarter-end Price-to-Earnings (P/E) ratio stands at 107.22 times. The net worth per share is reported at Rs 142.41.

    The report also provides a detailed breakdown of major financial highlights, showcasing changes in paid-up capital, other equity, property, plant and equipment, investment, trade receivables, revenue from operation, other income, administration expenses, selling and distribution expenses, and net profit. The annualized EPS is noteworthy, indicating the company’s earnings per share on an annual basis. The net worth per share has decreased to Rs 142.41, reflecting a 29.37% decline. The quarter-end P/E ratio is reported at 107.22.

    In terms of liquidity, the report highlights a liquidity ratio of 8.46. This comprehensive financial overview provides a detailed analysis of Himalayan Distillery Limited’s performance and financial health for the first quarter of the fiscal year 2080/81.

  • NEPSE Lists Right Shares: API Power and Multipurpose Finance Company’s Successful Allotment and Auction

    NEPSE Lists Right Shares: API Power and Multipurpose Finance Company’s Successful Allotment and Auction


    Api Power Company Limited (API) has successfully listed 1,65,33,137 units of right shares on the Nepal Stock Exchange (NEPSE). The company had previously issued a 1:0.4 ratio right share to its shareholders, allowing them to apply for these shares from the 31st of Shrawan to the 19th of Bhadra, 2080. Out of the total right shares available, which amounted to 1,65,33,137 units, eligible shareholders submitted applications for 1,53,38,203 units. The allotment of shares was then carried out based on the received applications.

    Following the allotment, API conducted an auction for the remaining 11,94,934 units of unsubscribed right shares, which took place from the 17th to the 24th of Ashwin, 2080. Muktinath Capital served as the auction manager for this process. As of the latest update, API is trading at a Last Traded Price (LTP) of Rs. 168.

    Similarly, Multipurpose Finance Company Limited (MPFL) has listed 15,82,000 units of right shares on NEPSE. The company had earlier issued a 1:0.35 ratio right share to its shareholders, allowing applications from the 10th to the 31st of Bhadra, 2080. Out of the total right shares offered, eligible shareholders applied for 1,439,227 units, and the allotment was done accordingly.

    Subsequently, MPFL conducted an auction for the remaining 1,42,773 units of unsubscribed right shares, which took place from the 29th of Ashwin to the 13th of Kartik, 2080. Muktinath Capital served as the auction manager for this process as well. As of the latest update, MPFL is trading at an LTP of Rs. 278.

  • Shine Resunga Development Bank Announces 15th AGM with 11.05% Dividend Proposal and Strategic Agenda

    Shine Resunga Development Bank Announces 15th AGM with 11.05% Dividend Proposal and Strategic Agenda


    Shine Resunga Development Bank Limited (SHINE) has announced its 15th Annual General Meeting (AGM) scheduled for the 23rd of Mangsir, 2080. The venue for the meeting is set at Dreamland Gold Resort & Hotel Pvt. Ltd. in Manigram, Rupandehi, commencing at 11 a.m. on the specified day.

    One of the key items on the AGM agenda is the approval of an 11.05% dividend for the fiscal year 2079/80. The proposal for this dividend was put forth during the bank’s 280th board meeting held on the 23rd of Ashwin 2080. The proposed dividend is calculated based on the bank’s paid-up capital, which currently stands at Rs. 4.28 Arba. The dividend comprises 10.5% bonus shares valued at Rs. 44.98 crores and 0.55% cash dividend (inclusive of tax) amounting to Rs. 2.36 crores.

    Additionally, the AGM will address various other matters, including the endorsement of the auditor’s report containing Profit and Loss statements, financial reports, and cash flow reports for the fiscal year 2079/80. The appointment of an auditor for the upcoming fiscal year 2080/81 is also on the agenda. Furthermore, there will be a discussion about identifying suitable banks and financial institutions for potential merger and acquisition opportunities with Shine Resunga Development Bank.

    Shareholders are reminded that the book closure date is from the 11th to the 23rd of Mangsir, 2080. Only shareholders recorded on this day are eligible for the dividend payout and are invited to attend the AGM.

  • Miteri Development Bank (MDB) Proposes 10% Dividend for FY 2079/80

    Miteri Development Bank (MDB) Proposes 10% Dividend for FY 2079/80


    Miteri Development Bank Limited (MDB) has put forward a dividend proposal for the fiscal year 2079/80, suggesting a dividend payout of 10%. This proposal emerged following the deliberations of the 234th board of directors meeting, which took place on Kartik 22. The proposed dividend pertains to the paid-up capital of the bank, which stands at Rs. 1.01 Arba. Within this 10% dividend allocation, 9.5% will be distributed in the form of bonus shares, while the remaining 0.5% will be disbursed as a cash dividend, primarily for tax purposes.

    It’s important to note that the final distribution of this proposed dividend is contingent on approval from the central bank and subsequent endorsement during the company’s upcoming Annual General Meeting (AGM). As of the latest available data, MDB’s Last Traded Price (LTP) stands at Rs. 392.30. For reference, the bank’s dividend history is not provided in the available information.

  • Gold Prices in Nepal Witness a Decline of Rs. 1,000 per Tola

    Gold Prices in Nepal Witness a Decline of Rs. 1,000 per Tola


    The price of gold has witnessed a decline of Rs. 1,000 per tola as reported by the official website of the Federation of Nepal Gold and Silver Dealers’ Association. The current market rate for fine gold stands at Rs. 1,13,700 per tola, marking a notable drop from the previous day’s rate of Rs. 1,14,700 per tola. Similarly, Tejabi gold is currently being traded at Rs. 1,13,150 per tola, compared to the unchanged rate of Rs. 1,14,150 per tola observed the previous day.

    Furthermore, the price of silver has also experienced a decrease, with the current market rate at Rs. 1,380 per tola. This represents a Rs. 5 decrease from the closing rate of Rs. 1,385 per tola recorded on the previous day. In the global market, the present price of gold is USD $1,948.20, while silver is trading at $22.39 per ounce.

  • Prabhu Bank Limited Initiates Auction of Promoter Shares for General Public and Promoter Shareholders

    Prabhu Bank Limited Initiates Auction of Promoter Shares for General Public and Promoter Shareholders


    The current promoter of Prabhu Bank Limited (PRVU) is initiating an auction of 563,778 units of shares for interested individuals and institutions, starting from the 23rd of Kartik, 2080. These shares will be made available to the general public for bidding in the absence of offers from existing founder shareholders within the specified timeframe. Bidders are required to submit their bids at the company’s central office in Babarmahal, Kathmandu, within 15 days from the publication date of the notice. PRVU is currently trading at an LTP of Rs. 155.40.

    In a separate auction, the existing promoter of Prabhu Bank Limited is also offering 399,710 units of shares to its promoter shareholders, commencing on the same date, the 23rd of Kartik, 2080. Interested promoter shareholders have 35 days from the notice’s publication date to participate in the auction, submitting their bids at the company’s central office. Should no offers be received from existing founder shareholders within the stipulated period, the shares will subsequently be made available for auction to the general public or institutions.

  • Nepal Declares Public Holiday for Tihar and Chhath Festivals

    Nepal Declares Public Holiday for Tihar and Chhath Festivals


    The Government of Nepal has declared a public holiday spanning from the 12th to the 30th of Mangsir to celebrate the Tihar festival. Additionally, a Chhath holiday is scheduled for the 3rd of Mangsir. This holiday period will lead to the temporary closure of the Nepal Stock Exchange Limited (NEPSE), with the secondary market reopening on the 4th of Mangsir, 2080, a Monday. During this break, regular trading activities on NEPSE will remain suspended, with trading resuming on the 4th of Mangsir, 2080, at 11:00 AM.

    Tihar, known as Deepawali or Yamapanchak, is a vibrant and culturally significant five-day festival in Nepal. It pays tribute to Yama, the God of Death, and Laxmi, the Goddess of Wealth. Each day of Tihar is marked by unique rituals and celebrations, honoring the relationship between humans and animals, the importance of prosperity, and the bonds of family. Alongside Tihar, Chhath Parva is another significant festival celebrated in Nepal, particularly along riverbanks, where devotees seek physical and spiritual purity through rituals and fasting. This holiday period provides an opportunity for people to come together and celebrate these important cultural and religious festivals.

  • Non-Life Insurance Sector in Nepal Achieves Rs. 10.44 Arba Premium in FY 2080/81

    Non-Life Insurance Sector in Nepal Achieves Rs. 10.44 Arba Premium in FY 2080/81


    In the initial three months of the fiscal year 2080/81, concluding at the end of Ashwin, the non-life insurance sector in Nepal achieved remarkable success by accumulating a substantial premium of Rs. 10.44 Arba. This impressive growth is outlined in a recent comprehensive report released by the Nepal Insurance Authority. The robust performance of the insurance industry was fueled by a total of 6.81 lakh active insurance policies, collectively held by policyholders across a diverse range of segments.

    Siddhartha Premier Insurance emerged as a prominent leader in this sector, boasting an impressive count of 79,696 active policies. Following closely, Neco Insurance secured a commendable position with 75,916 active policies in force. In contrast, National Insurance exhibited a more modest presence with 9,731 active insurance policies.

    In terms of the total charges generated through insurance, Sagarmatha Lumbini Insurance established itself as a front-runner, accumulating insurance charges amounting to Rs. 1.31 Arba. Siddhartha Premier Insurance, while not leading in terms of charges, maintained a substantial presence with total charges reaching Rs. 1.06 Arba. Shikhar Insurance Limited also made a substantial contribution, recording insurance charges of Rs. 1.04 Arba.

  • NEPSE Index Records 0.63% Loss in Pre-Tihar Trading Session

    NEPSE Index Records 0.63% Loss in Pre-Tihar Trading Session


    The Nepal Stock Exchange (NEPSE) Index wrapped up the trading day with a decline of 11.85 points, representing a 0.63% decrease compared to the previous day’s closing figure. It’s worth noting that the previous trading session had witnessed a gain of 5.17 points for the index.

    The trading day kicked off with the index opening at 1,864.4 points. It experienced fluctuations during the day, reaching an intraday low of 1,847.85 points and an intraday high of 1,866.93 points.

    Today’s trading session involved 27,845 trades, encompassing 282 different stocks. The total turnover for the day amounted to Rs. 83.60 crore, with a total of 2,833,731 units of shares being exchanged. The market capitalization reached Rs. 28.53 Kharba, with a float market capitalization of Rs. 9.96 Kharba.

    Sonapur Minerals And Oil Limited (SONA) emerged as the stock with the highest turnover, amounting to Rs. 7.70 crores, while Sayapatri Hydropower Limited (SPHL) secured the title of the day’s biggest gainer with an increase of 6.96%. On the flip side, Mountain Energy Nepal Limited (MEN) suffered the most significant loss, declining by 6.58%.

    In terms of sector performance, all sector indices concluded the trading day in negative territory as the market closed for the Tihar break. The “Others Index” experienced the most substantial loss of 1.55%, while the “Trading Index” recorded the least loss, standing at 0.14%.

  • Lumbini Bikas Bank Initiates Auction of Promoter Shares to General Public and Institutions

    Lumbini Bikas Bank Initiates Auction of Promoter Shares to General Public and Institutions


    The current promoter of Lumbini Bikas Bank Limited (LBBL) has initiated an auction of 2,00,639 units of shares, making them available for interested members of the general public and institutions starting today. Bil Bahadur Gurung and Bindu Kumar Thapa, the promoters of LBBL, are selling 1,46,748 units and 53,891 units of their promoter shares to interested parties from the general public and institutions. The initial notice had been previously published to the existing promoter shareholders, but since no applications were received from these shareholders within the specified timeframe, the shares are now accessible for auction to the general public and institutions.

    Potential investors are requested to submit their bids for the auction within 15 days from the publication date of this notice, which is the 21st of Kartik. Bidders should provide their offers at the central office of the company, located in Dillibazar, Kathmandu. As of the most recent available data, LBBL closed at Rs. 371.00 in its last trading session, with LBBLPO having an LTP (Last Traded Price) of Rs. 182 as of the 4th of June, 2023.

  • NLBBL Initiates Auction of Promoter Shares to Existing Shareholders with Minimum Bid Rate of Rs. 350

    NLBBL Initiates Auction of Promoter Shares to Existing Shareholders with Minimum Bid Rate of Rs. 350


    Nerude Laghubitta Bittiya Sanstha Limited (NLBBL) has initiated the auction of 26,665 shares of promoter stock to existing promoter shareholders. Interested parties are invited to submit their bids for this auction within 35 days from the publication date of the notice, which is the 21st of Kartik, 2080. The minimum bid rate for participation in the auction is set at Rs. 350. Bidders are required to send their offers to the company’s head office located in RBB Merchant Banking Limited, Teku, Kathmandu. If no bids are received from the current founder shareholders within the specified timeframe, these shares will subsequently be made available for public auction. As of the most recent data available, NLBBL closed at Rs. 517.10.

    In a separate notice, Kumari Bank Limited (KBL) has announced the auction of 1,438 units of shares to the general public. Lal Bahadur Dhane, a KBL promoter, is facilitating the sale of these promoter shares to interested individuals in the general public. Similar to the NLBBL auction, potential investors are urged to submit their bids within 35 days from the publication date, which is the 21st of Kartik. Bids should be submitted at the company’s central office located at Kumari Capital Limited in Kathmandu. In the event that no offers are received from existing founder shareholders within the stipulated timeframe, these shares will become available for public auction. As of the most recent data available, KBL closed at Rs. 151.90, with KBLPO having an LTP (Last Traded Price) of Rs. 101 as of the 18th of October, 2023.

  • NEPSE Index Records 0.60% Gain with Impressive Debut for Sharepro Securities

    NEPSE Index Records 0.60% Gain with Impressive Debut for Sharepro Securities


    Vision Lumbini Urja Company Limited is in the process of concluding its initial public offering (IPO) of 20,75,285 units of shares with a par value of Rs. 100. The IPO began on the 16th of Kartik, 2080, and is set to close on the 20th of Kartik.

    Previously, the company had issued 19,12,500 units of shares to locals affected by the project in Kaski District, out of which only 14,24,590 units were allocated to eligible applicants. Consequently, the remaining 4,87,910 units of unsubscribed shares from project-affected locals were combined with the initial 19,12,500 units, resulting in a total of 24,00,410 units made available for the general public.

    Out of these 24,00,410 units, 191,250 units have already been allotted to Nepalese citizens working abroad, while 95,625 units have been designated for mutual funds. An additional 38,250 units have been reserved for the company’s employees. The remaining 20,75,285 units are now open for the general public to subscribe to.

    Muktinath Capital Limited has been appointed as the issue manager for this IPO. Interested applicants can apply for a minimum of 10 units, with a maximum limit of 380,000 units.

    Remarkably, according to CDSC (Central Depository and Clearing Limited), a total of 8,47,770 applicants have submitted applications for 98,80,430 units, indicating that the IPO has been oversubscribed by 4.76 times as of 5 PM the previous evening.

    Additionally, ICRA Nepal has reaffirmed its ratings for Vision Lumbini Urja Company Limited, with a long-term rating of [ICRANP] LBB- and a short-term rating of [ICRANP] A4. These ratings pertain to the company’s loan limits.

    Vision Lumbini Urja Company Limited is actively involved in the development of the 25-MW Seti Nadi Hydroelectric Project in the Machhapuchchhre rural municipality of Kaski District, Gandaki Province, Nepal. The project is classified as a run-of-the-river (R-o-R) type and is being developed with a 44.5% probability of exceedance.