Tag: fpo

  • SEBI Reduces IPO Listing Time in India

    SEBI Reduces IPO Listing Time in India


     

    India’s regulatory authority for the capital market, the Securities and Exchange Board of India (SEBI), has announced a significant reduction in the time required to list shares after an initial public offering (IPO). Previously, shares could be listed within 6 days of the IPO sale’s closure, but now this timeline has been cut in half. According to the new system, companies are required to list their shares within 3 days after the IPO sale concludes. SEBI has stated that this change will be voluntarily implemented starting from September 1, 2023, and will become mandatory from December 1, 2023.

     

  • Reliable Nepal Life Insurance Receives Permission for IPO at Premium

    Reliable Nepal Life Insurance Receives Permission for IPO at Premium


     

    Reliable Nepal Life Insurance has received approval from the Securities Board of Nepal (SEBON) to launch an initial public offering (IPO) with a premium. The IPO will offer shares at a price of Rs 257 per share, including a premium of Rs 157 above the face value of Rs 100. A total of 1.2 crore unit shares, valued at Rs 2,989,800,800, will be issued, representing 30 percent of the company’s paid-up capital. Civil Capital Market Limited has been appointed as the issue manager for the share offering. Currently, the company’s promoters hold a 70 percent stake in the company.

  • Upper Syange Hydropower’s IPO Oversubscribed 18.43 Times; Last Day to Apply.

    Upper Syange Hydropower’s IPO Oversubscribed 18.43 Times; Last Day to Apply.


    Upper Syange Hydropower Limited has announced the closure of its Initial Public Offering (IPO) for 539,500 shares with a face value of Rs 100 each. The IPO was open to the general public from July 10th, 2080, and concluded on July 13th, 2080. The company aimed to raise Rs 5.39 crore from this offering, which will increase its paid-up capital to Rs 22 crores. Out of the total 650,000 units, 10% (65,000 units) were allotted to Nepalese citizens working abroad, 5% (32,500 units) were reserved for mutual funds, and 2% (13,000 units) were set aside for the company’s employees. The remaining 539,500 units were available for the general public to purchase.

     

  • “Manakamana Engineering Hydropower to Issue IPO Shares to Dolakha Locals and Nepali Expats”

    “Manakamana Engineering Hydropower to Issue IPO Shares to Dolakha Locals and Nepali Expats”


     

    “Manakamana Engineering Hydropower Limited Announces IPO for Locals and Nepalese Citizens Abroad”

    Manakamana Engineering Hydropower Limited has released an offer letter for an Initial Public Offering (IPO) specifically targeting project-affected locals from Dolakha District and Nepalese citizens working abroad. The IPO will be open for subscription from the 19th of Ashad to the 2nd of Shrawan, 2080. It is important to note that if the issue is not fully subscribed by the early closing date, it may be extended until Shrawan 17 for the locals of Dolakha District. However, the early closing date will remain fixed for Nepalese citizens working abroad, and no extension will be granted beyond that date.

  • “SEBON Adds 11.19 Lakhs IPO Shares of Him Star Urja Company to Pipeline”

    “SEBON Adds 11.19 Lakhs IPO Shares of Him Star Urja Company to Pipeline”


     

    “Him Star Urja Company Limited’s IPO Proposal Under SEBON Review”

    Him Star Urja Company Limited has submitted a proposal to SEBON, the capital market regulator, for an initial public offering (IPO). The company plans to issue 1,119,000 shares, which will generate a capital of Rs. 11.19 crores. The application was submitted on Jestha 31, 2080. NIC Asia Capital has been appointed as the issue manager for the public offering.

     

  • Nepal Republic Media IPO Allotment: 361,989 Applicants Receive 10 Units Each, Staff/Mutual Fund Quota Undersubscribed

    Nepal Republic Media IPO Allotment: 361,989 Applicants Receive 10 Units Each, Staff/Mutual Fund Quota Undersubscribed


    The IPO allotment of Nepal Republic Media Limited has been completed today at Hotel Aloft in Chhaya Center, Thamel, Kathmandu. Nepal Republic Media Limited had issued 35,25,930 units worth Rs 35.25 crores as an IPO for the general public from Jestha 26-30, 2080.

     

  • Ghorahi Cement Optimistic about IPO Resumption after SEBON Investigation

    Ghorahi Cement Optimistic about IPO Resumption after SEBON Investigation


     

    .Ghorahi Cement Industry Limited has expressed its belief that the Securities Board of Nepal (SEBON) will restart the process of issuing initial public offerings (IPOs) after conducting a thorough investigation. In a press release, the company addressed the dissemination of false information aimed at tarnishing its reputation in relation to its IPO issuance. The company firmly stated its commitment to transparently addressing and clarifying any allegations made against it.

     

  • Existing Promoter of Himalayan Bank Limited Initiates Auction of 21,86,575 Shares for Promoter Shareholders

    Existing Promoter of Himalayan Bank Limited Initiates Auction of 21,86,575 Shares for Promoter Shareholders


    The current promoter of Himalayan Bank Limited (HBL) has initiated an auction process for 21,86,575 units of shares. This auction is exclusively available to existing promoter shareholders and commenced on the 7th of Jestha, 2080.

    The auction specifically targets existing promoters, who have the opportunity to submit their bids within a period of 35 days starting from the publication date of the notice, which is also the 7th of Jestha. Shareholders interested in participating in the auction are required to submit their bids at the central office of the bank, situated in Kamaladi, Kathmandu.

    In the event that no bids are received from existing founder shareholders within the designated timeframe, the shares will be subsequently auctioned to the general public. This ensures that if the existing promoters do not partake in the auction, the opportunity to acquire the shares will be extended to a broader audience.

    The auction process provides a mechanism for existing promoters of Himalayan Bank Limited to potentially increase their ownership stake in the bank. Additionally, it opens up the possibility for new shareholders, including the general public, to invest in the bank and participate in its growth and development.

  • Ghorahi IPO Blocked Money: Release Subject to Investigation Committee Report

    Ghorahi IPO Blocked Money: Release Subject to Investigation Committee Report


    The application fee that was held during the IPO process of Ghorahi Cement Industry Limited will be returned once the investigation committee completes its report. Tej Prasad Devkota, the Deputy Executive Director and Information Officer of SEBON, confirmed that the committee was recently established to investigate the matter.

     

  • “Nepal Republic Media IPO Allotment Concludes: 352,593 Applicants Receive 10 Units Each”

    “Nepal Republic Media IPO Allotment Concludes: 352,593 Applicants Receive 10 Units Each”


     

    Nepal Republic Media Limited is conducting its IPO allotment on Monday, 11th Ashad, 2080. The allotment program will be held at Mega Capital Markets Limited in Kamaladi, Kathmandu, at 4 pm.

    The company has issued a total capital of Rs. 96.75 crores. Out of this, 43,53,000 unit shares worth Rs. 43.53 crores were reserved for the general public, which accounts for 44.99% of the issued capital. Among the shares allocated to the public, 10% (4,35,300 units) were offered to Nepalese citizens working abroad, 4% (174,120 units) were set aside for the company’s employees, and 5% (217,650 units) were allocated to mutual funds. The remaining 35,25,930 units were made available to the general public.

     

  • Unique Nepal Laghubitta Bittiya Sanstha Limited’s FPO Shares Listed on NEPSE

    Unique Nepal Laghubitta Bittiya Sanstha Limited’s FPO Shares Listed on NEPSE


    Unique Nepal Laghubitta Bittiya Sanstha Limited (UNLB) has successfully listed 379,425 unit FPO (Further Public Offering) shares on the NEPSE (Nepal Stock Exchange). These shares were issued to the general public at a face value of Rs. 100 per share, and the offering took place from Jestha 11 to Jestha 17. The total value of the shares issued amounts to Rs. 11.06 crores, utilizing the company’s paid-up capital.

    Following the listing, the FPO shares of UNLB are now available for trading on the NEPSE. As of the current market data, the Last Traded Price (LTP) of UNLB shares stands at Rs. 1,509.60. Investors and traders can now actively engage in buying and selling these shares in the stock market.

    The listing of the FPO shares on the NEPSE provides an opportunity for investors to participate in the growth and potential of Unique Nepal Laghubitta Bittiya Sanstha Limited. It allows the public to become shareholders of the microfinance company and potentially benefit from its performance and future dividends.