Tag: fpo

  • “Citizen Life Insurance Set to Launch Premium IPO from Bhadra 15”

    “Citizen Life Insurance Set to Launch Premium IPO from Bhadra 15”


     

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    Citizen Life Insurance Company Limited (CLICL) is preparing to launch an Initial Public Offering (IPO) with a premium starting on the 15th of Bhadra. In this offering, the company plans to make shares available to the public at a base value of Rs 100 per share, with an additional premium of Rs 144, making the total cost per share Rs 244.

    The insurance company has received approval to issue 1,12,50,000 shares, which are valued at 1.125 billion rupees. This issuance constitutes 30% of its total issued capital of 3.75 billion rupees. Notably, a portion of these shares, amounting to 5%, has already been distributed. This initial portion consists of 562,500 shares, valued at 5 crore 62 lakh 50 thousand rupees, and was offered at the rate of 100 rupees per share exclusively for the company’s employees.

     

  • “Citizens Capital Partners with Thulo Khola Hydropower for IPO Management; Myagdi’s 22.5 MW Project Set to Offer Shares”

    “Citizens Capital Partners with Thulo Khola Hydropower for IPO Management; Myagdi’s 22.5 MW Project Set to Offer Shares”


     

    In an event held at Sundhara, Kathmandu, Thulo Khola Hydropower Limited and Citizens Capital Limited signed an agreement for the management of their Initial Public Offering (IPO). The agreement was formalized by Mrs. Shweta Adhikari Panth, Director of Thulo Khola Hydropower Limited, and Mr. Sabir Bade Shrestha, CEO of Citizens Capital Limited.

    Under this agreement, Citizens Capital Limited, a subsidiary of Citizens Bank International Limited, will oversee the IPO process for Thulo Khola Hydropower Limited. The main objective of the IPO is to issue ordinary shares to local residents who are affected by the project, as well as to the general public.

  • “Lucky 2,27,662 Applicants Secure 10 Units Each in Manakamana Engineering Hydropower IPO Allotment”

    “Lucky 2,27,662 Applicants Secure 10 Units Each in Manakamana Engineering Hydropower IPO Allotment”


     

    The allocation of IPO shares for Manakamana Engineering Hydropower Limited has been completed today at the B.O.K Capital Markets Limited premises in Kathmandu. The hydropower company offered 2,276,620 shares at a face value of Rs 100 each to the public for subscription from the 28th to the 31st of Shrawan, 2080.

    Initially, the company had issued 800,000 shares worth Rs. 8 crores to people affected by the project in Dolakha District. However, only 183,380 shares, which accounts for 22.92%, were allotted to eligible applicants. As a result, the remaining 616,620 unsold shares from the project-affected locals’ quota have been combined with 2,000,000 shares (25% of the total issued capital, reserved for the general public), resulting in a total of 2,616,620 shares available for the general public.

     

  • “SEED Energy Joins Forces with NMB Capital for IPO Advisory”

    “SEED Energy Joins Forces with NMB Capital for IPO Advisory”


     

    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 Energy’s expansion into diverse economic sectors, including Hydropower, Infrastructure Manufacturing, and Hotels.

    Mr. Pankaj Chandra Shrestha, Chairman of SEED Energy, expressed his enthusiasm, stating, “We’re excited to share that SEED Energy is gearing up for an IPO of its ordinary shares, and we’re delighted to partner with NMB Capital as our trusted advisor for the IPO process. NMB Capital’s expertise will greatly assist us as we journey toward this important milestone. This collaboration underscores our commitment to delivering value to all our stakeholders.”

     

  • “Upper Tamakoshi Hydropower’s Offer Letter Released for Right Shares Issue Opening on Bhadra 18”

    “Upper Tamakoshi Hydropower’s Offer Letter Released for Right Shares Issue Opening on Bhadra 18”


     

    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 distribute 105,900,000 units of right shares, totaling Rs. 10.59 Arba, to its existing shareholders. This issuance will lead to a subsequent increase in the company’s paid-up capital to Rs. 21.18 Arba following the adjustment of the proposed right shares.

     

  • “Himalayan 80-20 Public Offering: Your Comprehensive Guide”

    “Himalayan 80-20 Public Offering: Your Comprehensive Guide”


     

    The “Himalayan 80-20” mutual fund scheme is backed by Himalayan Bank and overseen by Himalayan Capital. This marks the debut mutual fund for Himalayan Capital.

    Himalayan Bank Limited, founded in 1993 as a partnership with Pakistan’s Habib Bank Limited, has been a prominent force in Nepal’s banking sector. The bank has consistently led by introducing novel banking services, including the first Premium Savings Account, HBL Proprietary Card, Millionaire Deposit Scheme, ATMs, and Tele-banking. From its inception, the bank has prioritized innovation and customer contentment. Its journey began at Thamel, Kathmandu’s Employees Provident Fund Building, also known as Sanchayakosh Building.

  • “Transition to Public Entities Enables IPO Authorization for Private Limited Companies”

    “Transition to Public Entities Enables IPO Authorization for Private Limited Companies”


     

    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 market, following recommendations from the Securities Board of Nepal (SEBON). Additionally, the need for a

  • “Final Day for Manakamana Engineering Hydropower IPO Applications; 1.308 Crore Units Received”

    “Final Day for Manakamana Engineering Hydropower IPO Applications; 1.308 Crore Units Received”


    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 date could have been extended until the 10th of Bhadra, 2080.

    According to information from CDS and Clearing Limited, as of Wednesday morning, the total number of applications received for the issue has reached 1,168,454, accounting for 13,089,350 unit shares. In monetary terms, this translates to Rs. 1.3089 Arba.

     

  • “Reliable Nepal Life Insurance IPO Allotment Concludes, Leaves Nearly 400,000 Applicants Empty-Handed”

    “Reliable Nepal Life Insurance IPO Allotment Concludes, Leaves Nearly 400,000 Applicants Empty-Handed”


     

    The IPO allotment for Reliable Nepal Life Insurance Limited (RENLICL) has wrapped up today at the Civil Capital Market premises in Sundhara, Kathmandu. The company had offered 9,600,000 IPO shares at a face value of Rs 100 per share, along with a premium of Rs 157, making the total cost per share Rs 257. This opportunity was made available to the general public from the 18th to the 22nd of Shrawan, 2080.

     

  • “Bhagawati Hydropower IPO: 712,220 Shares for General Public from Bhadra 05”

    “Bhagawati Hydropower IPO: 712,220 Shares for General Public from Bhadra 05”


     

    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, 10% (85,810 units) have already been allocated to Nepalese citizens working abroad, 5% (42,905 units) are reserved for mutual funds, and 2% (17,162 units) are set aside for the company’s employees. The remaining 712,220 units are available for the general public.

    These shares are being offered at a price of Rs. 116 per share, which includes a premium of Rs. 16 along with the Rs. 100 face value.

     

  • “Upper Lohore Hydropower IPO Allotment Completed: Details and Share Availability”

    “Upper Lohore Hydropower IPO Allotment Completed: Details and Share Availability”


     

    The allotment for Upper Lohore Hydropower Company Limited’s Initial Public Offering (IPO) was completed today at Kaji Kitchen, Battisputali, Kathmandu. NICA Asia Capital acted as the issue manager for this IPO. The company had initially issued 19,53,279 IPO shares with a face value of Rs 100 each to the public from 18th to 22nd Shrawan, 2080.

    Earlier, the company had also issued 509,804 shares worth Rs. 5.09 crores to locals affected by the project in Dailekh District. However, only 206,760 units (40.55%) of these shares were allocated to eligible applicants. As a result, the remaining 303,044 units of unsubscribed shares from the project-affected locals were combined with 19,88,236 units (39% of the total issued capital) set aside for the general public. This brought the total number of units available to the general public to 22,91,280.

  • “Molung Hydropower’s IPO Release Followed by Disappointing Q4 Report; EPS at Rs. -1.42”

    “Molung Hydropower’s IPO Release Followed by Disappointing Q4 Report; EPS at Rs. -1.42”


     

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    Molung Hydropower Company Limited (MHCL) has released its Q4 financial report for the recently concluded fiscal year 2079-80, revealing a net loss of Rs. 1.14 crores. In comparison, during the same period in the previous fiscal year 2078-79, the company had recorded earnings of Rs. 55.46 lakhs.

    The drop in net profits has led to a decrease in the company’s Earnings per Share (EPS), which now stands at Rs. -1.42. Additionally, the Net worth per Share has fallen below par, reaching just Rs. 75.80.