Tag: exchange

  • Last Day to Apply for IPO of Vision Lumbini Urja Company Limited: Issue Oversubscribed by 4.76 Times

    Last Day to Apply for IPO of Vision Lumbini Urja Company Limited: Issue Oversubscribed by 4.76 Times


    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.

  • Kumari Bank Limited Initiates Auction of 5,30,000 Promoter Shares at Minimum Rate of Rs. 101

    Kumari Bank Limited Initiates Auction of 5,30,000 Promoter Shares at Minimum Rate of Rs. 101


    The existing promoter shareholder of Kumari Bank Limited (KBL) has initiated the auction of 5,30,000 units of promoter shares, starting from the 20th of Kartik, 2080.

    In this auction, a total of 5,30,000 promoter shares of KBL were made available for bidding at a minimum rate of Rs. 101. The opportunity to bid is extended to both the general public and institutions, with a deadline set for the 20th of Kartik. Interested shareholders are required to submit their bids at Kumari Capital Limited, situated at Naxal, Nagpokhari, Kathmandu.

    As of the latest information available, KBL is trading with an LTP (Last Traded Price) of Rs. 151.70. It’s worth noting that the LTP for KBLPO, the promoter shares, was recorded at Rs. 101 as of the 18th of October, 2023.

  • Kumari Bank Successfully Concludes Allotment for 10% Debenture 2090 Issue

    Kumari Bank Successfully Concludes Allotment for 10% Debenture 2090 Issue


    Kumari Bank Limited (KBL) has successfully completed the allotment process for its recent “10% KBL Debenture 2090” offering on the 19th of Kartik, 2080. The subscription window for this debenture opened on the 2nd of Kartik and concluded on the 13th of Kartik, 2080.

    A total of 50 lakh units of these debentures were made available, each having a par value of Rs. 1,000. Notably, 60% of the total units, equivalent to 30 lakh units, were allocated through a private placement arrangement, while the remaining 40%, or 20 lakh units with a total value of Rs. 2 Arba, was opened up for the general public to subscribe.

    This debenture offering is expected to generate a total of Rs. 5 Arba in funds for the bank. The “10% KBL Debenture 2090” is named after its key features, featuring a maturity period of 10 years and a fixed coupon rate of 10%.

    Nabil Investment Banking Limited took on the role of the issue manager for this debenture offering, overseeing the various aspects of the issuance process.

  • Gold Price in Nepal Drops by Rs. 500 per Tola, Silver Remains Stable

    Gold Price in Nepal Drops by Rs. 500 per Tola, Silver Remains Stable


    The price of gold in Nepal has experienced a decrease of Rs. 500 per tola on the latest trading day. According to the official website of the Federation of Nepal Gold and Silver Dealers’ Association, the current price of fine gold stands at Rs. 1,15,400 per tola. This marks a slight decline from the previous day’s rate, which was Rs. 1,15,900 per tola. In parallel, Tejabi gold is now being traded at Rs. 1,14,850, representing a decrease from yesterday when it was priced at Rs. 115,350 per tola.

    In contrast to the fluctuations in the gold market, the price of silver has remained stable at Rs. 1,415 per tola in Nepal.

    On the global scale, the current price of gold is at USD $1,983.30, while silver is trading at $23.12 per ounce.

  • Sanima Mai Hydropower Company Reports 6.02% Increase in Q1 Net Profit and Strategic Investments

    Sanima Mai Hydropower Company Reports 6.02% Increase in Q1 Net Profit and Strategic Investments


    Sanima Mai Hydropower Company Limited (SHPC) has reported a positive performance in the first quarter of the fiscal year 2080/81, demonstrating a 6.02% increase in net profit. The company’s net profit climbed to NPR 24.92 crores, up from NPR 23.5 crores in the same quarter of the previous year.

    This growth was primarily supported by a 2.43% increase in revenue generated from electricity sales, reaching NPR 32.98 crores. Additionally, SHPC managed to significantly reduce both plant operating expenses and financial expenses by 19.33% and 19.59%, respectively, in comparison to the previous year’s quarter.

    Up to the end of Ashwin 2080, the Mai Hydropower Plant (22MW) and Mai Cascade Hydropower Plant (7MW) generated impressive revenues of NPR 24.81 crores and NPR 8.17 crores, respectively.

    Furthermore, SHPC strategically invested a total of NPR 2.74 arba in subsidiary projects, including ventures in Swet Ganga Hydropower and Construction Limited, Sanima Middle Tamor Hydropower Limited, Mathilo Mailun Khola Jalvidhyut Hydropower Limited, Bavari Construction P Limited, and Sanima Jum Hydropower Limited. These investments underscore the company’s commitment to expansion and diversification.

    With a share capital of NPR 3.08 Arba and retained earnings of NPR 1.42 Arba, SHPC demonstrated an annualized Earnings Per Share (EPS) of NPR 32.37 and a net worth per share of NPR 164.17. The company’s Price/Earnings (P/E) ratio stands at 8.83 times.

     

  • Laxmi Techno Plast Announces 7th AGM with Focus on IPO for Public Offering

    Laxmi Techno Plast Announces 7th AGM with Focus on IPO for Public Offering


    Laxmi Techno Plast Limited, a renowned player in the plastic products and furniture industry, has officially announced the eagerly awaited 7th Annual General Meeting (AGM). This AGM is scheduled to take place on the 11th of Mangsir, 2080, at the company’s headquarters in Hetauda, Makwanpur, with a prompt start time of 11:00 AM.

    The central focus of this upcoming AGM revolves around a significant proposal to issue an Initial Public Offering (IPO) to the general public at a premium price. The company intends to grant its Board of Directors (BoDs) full authority to oversee and carry out all the necessary procedures associated with launching the IPO at a premium valuation.

    Laxmi Techno Plast Limited, recognized for its successful brands Marigold Plastics and Om Shivam Pipes and Fittings, has built a formidable reputation in the industry since its establishment in 2005. With an extensive product line encompassing a wide range of high-quality plastic products, the company has made its mark in both household essentials and industrial requirements.

    Operating under the Marigold Plastics brand, the company takes pride in offering a diverse selection of plastic products, spanning from kitchenware to furniture, all crafted using PET/PETE plastic pellets known for their structural integrity. These products are designed with an emphasis on recyclability and food safety, providing both convenience and aesthetic appeal for homes. The JB Maru Group, under whose visionary leadership Laxmi Techno Plast operates, has a rich and storied history that spans over a century.

    Founded in 1937, the JB Maru Group has evolved from its industrial origins to engage in various business ventures. Laxmi Techno Plast, as a distinguished entity within this conglomerate, has consistently demonstrated innovation, quality, and a commitment to meeting the ever-changing needs of consumers.

  • Nepal Stock Exchange (NEPSE) Index Rises 1.16% in Trading Session

    Nepal Stock Exchange (NEPSE) Index Rises 1.16% in Trading Session


    In today’s trading session on the Nepal Stock Exchange (NEPSE), the NEPSE Index showed a positive performance, gaining 21.30 points or 1.16% compared to the previous day’s closing. The index closed at 1,847.54 points, which was a welcome turnaround from the 21.46-point decline experienced in the previous trading session.

    The trading day began with the index opening at 1,826.68 points. Throughout the day, it reached an intraday low of 1,824.56 points and a high of 1,850.58 points, reflecting fluctuations in the market.

    This session witnessed trading activity in 283 different equities, involving a total of 47,231 transactions. Notably, a substantial volume of 3,555,670 shares changed hands, resulting in a total turnover of Rs. 93.89 crore. The market had a float market capitalization of Rs. 9.95 Kharba, contributing to an overall market capitalization of Rs. 28.46 Kharba.

    Soaltee Hotel Limited (SHL) achieved the highest turnover, amounting to Rs. 6.43 crores, with shares trading at a market price of Rs. 428.50.

    Among individual stocks, Hathway Investment Nepal Limited (HATHY) experienced the most significant gain, with a rise of 9.98% in its value. In contrast, Laxmi Laghubitta Bittiya Sanstha Ltd. (LLBS) faced the most substantial loss, declining by 4.28% during the trading day.

    Regarding sector performance, all sector indices ended on a positive note, with gains across the board. Notably, the “Hotels And Tourism Index” registered the highest increase, surging by 3.73%, while the “Microfinance Index” showed the smallest gain, with a 0.26% increase.

  • Nabil Bank Limited Reports Q1 2080/81 Financials: Resilience Amidst Net Profit Dip

    Nabil Bank Limited Reports Q1 2080/81 Financials: Resilience Amidst Net Profit Dip


    Nabil Bank Limited (NABIL) has unveiled its comprehensive financial report for the initial quarter of the fiscal year 2080/81, offering valuable insights into the bank’s performance.

    During this quarterly review, the bank reported a 6.51% reduction in its net profit. Net profit decreased from NPR 1.57 Arba in the first quarter of FY 2079/80 to NPR 1.46 Arba in the corresponding quarter of FY 2080/81.

    Despite the decline in net profit, NABIL Bank showcased resilience and stability in various operational aspects. In the same quarter, the bank revealed a distributable profit of NPR 3.6 Arba after taking into account PL Appropriation and Regulatory Adjustments.

    NABIL Bank witnessed positive growth in customer deposits, with a notable increase of 4.54%, reaching NPR 4.14 Kharba compared to the previous year. Additionally, loans and advances to customers experienced a 6.27% growth, reaching NPR 3.53 Kharba in comparison to the previous year. The core business income, represented by Net Interest Income, exhibited significant growth, surging by 13.51% to NPR 4.17 Arba compared to the corresponding quarter of the previous year. However, impairment charges increased by 11.90%.

    NABIL’s financial foundation remains robust, with a paid-up capital of NPR 27.05 Arba, accompanied by reserves and surplus totaling NPR 28.39 Arba. Nevertheless, the Non-Performing Loan (NPL) ratio increased to 3.69%, necessitating ongoing attention.

    Regarding per-share performance metrics, the bank reported an annualized earnings per share (EPS) of NPR 21.72, and the Net worth per share was NPR 218.27. Importantly, the company had a Price/Earnings (P/E) multiple of 26.34 times.

    Nabil Bank Limited’s financial performance in the first quarter reveals a mixed scenario, with positive growth in core business income but a decline in net profit. The bank aims to address challenges associated with the increase in Non-Performing Loans while continuing to strengthen its financial reserves and customer-focused services.

  • Nepal Investment Mega Bank (NIMB) Reports Impressive Q1 2080/81 Profits with 33.47% Growth

    Nepal Investment Mega Bank (NIMB) Reports Impressive Q1 2080/81 Profits with 33.47% Growth


    Nepal Investment Mega Bank Limited (NIMB) has recently unveiled its first-quarter report for the fiscal year 2080/81, demonstrating a remarkable 33.47% surge in its net profit. The bank’s profit soared to NPR 1.52 Arba during this period, indicating a positive trend in its financial performance.

    In terms of financial standing, the same period disclosed a total paid-up capital of NPR 34.12 Arba, along with reserves amounting to NPR 25.89 Arba. However, the bank’s retained earnings were in the negative, standing at NPR 85.23 Crores.

    NIMB’s first-quarter report revealed total deposits reaching NPR 3.61 Kharba, while loans and advances to customers amounted to NPR 3.04 Kharba. Notably, the bank experienced a significant 95.40% increase in Net Interest Income, reaching NPR 4.16 Arba. On the flip side, the bank reported personnel expenses of NPR 96.14 Crores and impairment charges of NPR 64.06 Crores.

    During the first quarter, the bank achieved an annualized Earnings Per Share (EPS) of NPR 17.84, and the net worth per share was recorded at NPR 173.37. However, the Non-Performing Loans (NPL) spiked up to 4.83%. It’s important to note that the bank reported a negative distributable profit of NPR 85.32 Crores.

  • Hotel Forest Inn Ltd. Seeks SEBON Approval for IPO, Plans to Raise NPR 98 Crores

    Hotel Forest Inn Ltd. Seeks SEBON Approval for IPO, Plans to Raise NPR 98 Crores


    The IPO (Initial Public Offering) of Hotel Forest Inn Ltd. is currently in the approval process within the IPO pipeline of the Securities Board of Nepal (SEBON).

    Hotel Forest Inn Ltd. has presented a proposal to the regulatory body of the capital market, seeking permission to issue 9,800,000 shares as part of their IPO. This issuance is expected to generate a total of Rs. 98 crores in capital for the company. The formal application for this IPO proposal was submitted on Kartik 15, 2080.

    In managing the IPO and ensuring its successful execution, NIC Asia Capital Limited has been appointed as the issue manager, taking on a pivotal role in the public offering process.

    It’s worth noting that CARE Ratings Nepal Limited (CRNL) has conducted a rating assessment for Hotel Forest Inn Private Limited’s long-term bank facilities, assigning a rating of ‘CARE-NP BB-‘ to these facilities. This rating provides insight into the creditworthiness and financial stability of the company as it enters the IPO process.

  • Auction of 100,000 Kumari Bank Limited Promoter Shares Commences for Existing Shareholders

    Auction of 100,000 Kumari Bank Limited Promoter Shares Commences for Existing Shareholders


    The current owner of Kumari Bank Limited (KBL) is initiating an auction for the sale of 100,000 units of shares exclusively to its existing promoter shareholders. Durga Prasad Pandey, a promoter of KBL, is the seller, and he is offering these 100,000 promoter shares for auction. Interested parties are invited to participate in this auction, and they have a 35-day window from the date of this notice’s publication, which falls on the 17th of Kartik.

    To participate, prospective investors must submit their bids at either of the following locations: the company’s central office situated at Kumari Capital Limited, located in Kathmandu-01, Naxal, Nagpokhari, or at Kumari Bank Limited itself. If no bids are received from the existing founder shareholders within the specified 35-day timeframe, the shares will be made available for auction to the general public at a later date.

    As of the most recent data available, Kumari Bank Limited (KBL) concluded trading at a share price of Rs. 155 on the previous trading day. In contrast, Kumari Bank Limited’s promoter shares (KBLPO) had a last traded price (LTP) of Rs. 101 on the 18th of October, 2023.

  • Gold Prices Surge by Rs. 700 Per Tola in Nepali Market

    Gold Prices Surge by Rs. 700 Per Tola in Nepali Market


    The price of gold, a highly valued precious metal, has witnessed a notable increase of Rs. 700 per tola compared to the trading price recorded on Wednesday. The Federation of Nepal Gold and Silver Dealers’ Association (FENEGOSIDA) reported today that fine gold is currently being traded at Rs. 1,15,700 per tola, marking a Rs. 700 uptick from Wednesday’s trading rate of Rs. 1,15,000 per tola.

    In a similar fashion, Tejabi gold is available today at Rs. 1,15,150 per tola, demonstrating a price increase of Rs. 700 in comparison to yesterday’s rate, which stood at Rs. 1,14,450 per tola. It’s worth noting that just on October 29, 2023, gold prices reached historic levels, with fine gold commanding a remarkable price of Rs. 1,17,000 per tola, and Tejabi gold was trading at Rs. 1,16,450 per tola.

    Furthermore, the price of silver has also seen an uptick, with an increase of Rs. 20 per tola. The current market rate for silver stands at Rs. 1,405 per tola, up from yesterday’s closing rate of Rs. 1,385 per tola.

    On the international front, the current rate for gold stands at USD $1,985.30, while silver is being traded at $22.99 per ounce.