Today, the Nepal Stock Exchange (NEPSE) has approved three additional companies to become eligible securities firms, allowing them to conduct operations in the securities market. In the latest phase, Nabil Securities Ltd, Machhapuchhre Securities Ltd, and Mega Stock Markets Limited have been granted brokerage licenses.
Best Finance Company Limited (BFC) has released its fourth-quarter report for the fiscal year 2079-80, revealing a significant 76.87 percent decrease in its Net Profits compared to the same period last year. In the last quarter of FY 2079-80, the company’s earnings were only Rs. 3.86 crores, a sharp drop from the Rs. 16.72 crores earned in the corresponding quarter of FY 2078-79.
While there’s a slight improvement in the Net Interest Income, which is the company’s core revenue, it amounts to Rs. 13.09 crores for the final quarter of FY 2079-80. On the other hand, the company’s Operating Profit has seen a substantial decline of 73.34 percent, reaching a total of Rs. 5.58 crores by the end of FY 2079-80.
NHathway Investment Nepal Limited is concluding the issuance of 292,500 unit IPO shares exclusively to Nepalese citizens working abroad today, which falls on the 18th of Shrawan. The IPO offering commenced on the 4th of Shrawan, 2080. The company’s total issued capital amounts to Rs. 1.17 Arba, with 12.5% (29,25,000 unit shares) being made available to the public, including Nepalese citizens abroad and the general public. Notably, 10% of this total issue, which is 292,500 unit shares, has been specifically allocated for Nepalese citizens working abroad, and the subscription for these shares will conclude today.
“IME Life Insurance (ILI) IPO Shares to Be Listed on Nepal Stock Exchange (NEPSE). The agreement for listing 4 crore unit shares with a face value of Rs. 100 each has been finalized today. Civil Capital Market Limited will be the issue and sales manager for the IPO issuance.”
The Electricity Regulatory Commission has given final approval to Liberty Energy Company Limited (LEC) to issue 1 right share for every 2 existing shares held by its shareholders. In its 11th, 12th, and 13th AGM held on 25th Baisakh, the company agreed to provide its shareholders with 50% right shares. The total value of these shares is Rs. 75 Crores, and this issuance will increase the company’s paid-up capital from Rs. 1.50 Arba to Rs. 2.25 Arba.
Mathillo Mailung Khola Jalbidhyut Limited is ending the IPO application for Nepalese citizens working abroad today, which started on 18th Shrawan, 2080. However, the deadline for project-affected locals in Rasuwa and Nuwakot Districts has been extended until 1st Bhadra. The company has a total issued capital of Rs. 1 Arba, with 10% allocated to project-affected locals in Kaski District and 15% reserved for the general public. Out of the public issue, 10% of shares, totaling 150,000 units, have been set aside for Nepalese citizens working abroad, with the application closing today.
Nabil Equity Fund (NEF) has released its monthly Net Asset Value (NAV) report for the month of Ashad. The latest NAV is Rs. 10.82, showing an increase from the previous month’s Rs. 10.37. The fund, which started with a size of Rs. 1.25 Arba, has allocated Rs. 75.86 crores in shares of listed companies and Rs. 1.4 crores in non-listed shares. Additionally, it has invested Rs. 37.5 crore in fixed deposit schemes and Rs. 11.02 crore in debentures. NEF also holds Rs. 8.37 crores in bank balance.
Laxmi Capital Market Limited has announced that it will distribute dividends to its mutual fund scheme, Laxmi Unnati Kosh (LUK), for the financial year 2079-80. The company’s Board of Directors decided to provide a 9.5 percent cash dividend to the unit holders, which includes taxes.
Upper Tamakoshi Hydropower Limited (UPPER) will be offering 100% right shares to its existing shareholders. The company will issue 105,900,000 units of right shares at a 1:1 ratio. Shareholders who hold shares until Shrawan 25 will be eligible for the rights offering. The company’s paid-up capital, currently at Rs. 10.59 Arba, will double to Rs. 21.18 Arba after the issuance of the proposed right shares.
“Closing Today: Citizen Life Insurance IPO for Nepalese Citizens Abroad. The life insurance company’s IPO offering 11,25,000 unit shares to Nepalese citizens working abroad concludes on the 14th Shrawan. The total issued capital of the company stands at Rs. 3.75 Arba, with 30% of it, equivalent to 1,12,50,000 unit shares, being made available to the public, including Nepalese citizens abroad and the general public. Out of this, 10% (11,25,000 unit shares) is reserved for citizens working abroad, 5% (562,500 units) for the company’s employees, and another 5% (562,500 units) for mutual funds. The remaining 90,00,000 units will be offered to the general public at a later date.”
Bhagawati Hydropower Development Company Limited is wrapping up its IPO for project-affected locals today, the 14th Shrawan. The company issued a total capital of Rs. 57.20 Crores, with 10% (572,065 unit shares) allocated to locals in the Kaski District. Additionally, 15% of the capital (858,097 unit shares) will be offered to the general public later. Out of this, 10% (85,810 unit shares) were set aside for Nepalese citizens working abroad, and their issue closed on the 7th Shrawan, 2080.
NIBL Pragati Fund (NIBLPF), a 7-year closed-end mutual fund scheme, has reported an increase in its Net Asset Value (NAV) for the month of Ashad.
The financial report reveals that the NAV of the mutual fund scheme has risen to Rs. 10.68 at the end of Ashad, 2080, compared to Rs. 10.28 in the previous month. The scheme began with a total fund of Rs. 75 crore and made investments of Rs. 49.40 crore in listed shares and Rs. 14.46 crore in public issues, right shares, and bonus shares. It also holds Rs. 15.35 crores in its bank balance.