SEED Energy Limited, a company supported by SEED Investment Private Limited, has joined forces with Nepal’s renowned merchant bank, NMB Capital Limited. This exciting collaboration marks a significant step as SEED Energy gets ready to introduce its ordinary shares to the public through an Initial Public Offering (IPO). This move is part of SEED […]
Upper Tamakoshi Hydropower Limited has released an offer letter to introduce its 100% rights shares. As per the publicly disclosed offer letter, the company plans to accept applications for these right shares at a 1:1 ratio, or 100%, from the 18th of Bhadra to the 7th of Ashwin, 2080. The hydropower firm intends to
Once a private limited company becomes a public entity, it will have the ability to initiate an initial public offering (IPO) after gaining approval. In a recent cabinet meeting on Tuesday, the Securities Registration and Issuance (Seventh Amendment) Regulations of 2080 were given the green light. This approval introduced new rules to the capital
Manakamana Engineering Hydropower Limited is concluding the offering of its 2,276,620 unit IPO shares with a face value of Rs 100 each, starting today on the 31st of Shrawan, 2080. This date marks the early closing deadline for the IPO. Should the issue not have garnered full subscriptions by the 31st of Shrawan, the closing
Bhagawati Hydropower Development Company Limited is set to release 712,220 IPO shares starting from the 5th of Bhadra, 2080. The initial application deadline for this offering is on the 8th of Bhadra, with a possibility of extension until the 19th of Bhadra, if the subscription target is not met. Among the total 858,097 units,
Kumari Bank has partnered with Classic Industries to offer a generous 15% discount on mattresses to their cardholders and mobile banking users. This special deal aims to benefit customers making purchases from the company. Kumari Bank operates through an extensive network comprising 304 branches, 307 ATM outlets, 63 branchless banking units, and 49 extension
Reliable Nepal Life Insurance Limited is wrapping up its offering of 96,00,000 unit shares to the public, which began on August 23, 2080, and is now concluding on August 26, 2080. This life insurance company has a total issued capital of Rs. 4 Arba, with 30% (1,20,00,000 unit shares) being made available to the
Today marks the final opportunity for eligibility in the rights offering of Upper Tamakoshi Hydropower Limited (UPPER). The company plans to distribute 100% right shares by releasing 105,900,000 (1:1) units of right shares to its current shareholders. Currently, the company’s paid-up capital stands at Rs. 10.59 Arba. With the implementation of the intended right share,
Sun Nepal Life Insurance Company Limited will release 76,80,000 IPO shares starting August 15, 2023. The offer ends on August 20, but it could continue until September 4 if not fully subscribed. The company’s total capital is Rs. 3.2 billion, with 30% (96,00,000 shares) available for the public, including Nepalese citizens abroad. Additionally, 10%
During a Cabinet meeting on Tuesday, a significant decision was made to approve the Cyber Security Policy 2080. This step, confirmed by the Ministry of Communication and Information Technology, sets the stage for the upcoming Cyber Security Bill. The government aims to create a secure and advanced cyber environment in the country with this
Nepal SBI Bank Limited (SBI) has decided to extend the public offering period for the “9% Nepal SBI Bank Debenture 2089.” The initial opening of the offering took place on the 18th of Shrawan, 2080, and the original closing date was today, the 22nd of Shrawan. As the offering has not garnered complete subscription,
Nesdo Sambridha Laghubitta Bittiya Sanstha Limited (NESDO) has suggested a 15% cash dividend for the fiscal year 2078/79. In their 78th meeting on Chaita 10, 2079, the company proposed a dividend of 73.6842%, combining bonus and cash dividends (including tax), using the accumulated profit from the previous financial year. However, Nepal Rastra Bank later
