General – Page 11 – Earn Money Nepal

Bhugol Energy Development IPO Allotment Completes; 1,34,699 Applicants Receive 10 Units Each, Lucky 3 Applicants Receive 1 Unit Extra

Earnmoney.com.np / April 16, 2023

Bhugol Energy Development Company’s initial public offering (IPO) was completed today at the offices of NIC Asia Capital Limited in Kathmandu. Bhugol Energy Development Company released 13,46,993 units worth Rs 13.46 crores to the general public as an Initial Public Offering (IPO) (Chaitra 23-27, 2079). 108,811 units have already been released and assigned to Nepalese […]

IPO | FPO

Dolti Power IPO Received Rs. 1.47 Arba From 13.39 Lakh Applicants As of the Last Day

Earnmoney.com.np / April 16, 2023

Dolti Power Company Limited concluded its Initial Public Offering (IPO) of 12,71,861 unit shares to the general public today, March 3, 2080. The issue debuted on Chaitra 28th, 2079. This IPO is expected to generate Rs 13.46 crore for the firm. Previously, the business awarded 536,486 unit shares worth Rs. 5.36 crores to project-affected residents

IPO | FPO

From Baisakh 08, Mai Khola Hydropower will issue 12,69,411 unit IPO shares to the general public.

Earnmoney.com.np / April 14, 2023

From the 8th of Baisakh, 2080, the business would issue 12,69,411 unit shares with a face value of Rs 100. This IPO is expected to generate Rs 12.69 crore for the firm. This issue’s early closure date is on 12th Baisakh, and if it is not completely subscribed, it can be prolonged until 24th Baisakh,

Business | Market | Economy

ICRA Nepal confirms the rating of NIC ASIA Bank’s Rs 3 arba debenture as ICRANP LBBB.

Earnmoney.com.np / April 12, 2023

ICRA Nepal Limited has confirmed NIC Asia Bank Limited’s grade. The rating has been removed from the ‘Watch with Negative Implications’ category and moved to the “Issuer Not Cooperating” category, with the following notification for rating withdrawal: The rating agency has assessed the bank’s NPR 3,000 million subordinated debenture as [ICRANP] LBBB “Issuer Not

IPO | FPO

The Makar Jitumaya Suri Hydropower IPO has concluded.

Earnmoney.com.np / April 12, 2023

Makar Jitumaya Suri Hydropower Company Limited’s first public offering (IPO) was completed today at Prabhu Capital Limited in Kathmandu. Makar Jitumaya Suri Hydropower Company Limited released 1,337,302 units worth Rs 13.37 crores to the general public as an Initial Public Offering (IPO) (Chaitra 19- 22, 2079).

IPO | FPO

Molung Hydropower Company and Sagarmatha Jalvidyut Company IPO Shares Listed on NEPSE

Earnmoney.com.np / April 12, 2023

NEPSE has listed 80,25,000 unit IPO shares of Molung Hydropower Company Limited. This comprises promoter shares as well as shares offered to the general public and project-affected communities. The initial transaction range is Rs. 60.62 to Rs. 181.86. If the company executes the agreement with NEPSE, the IPO shares will trade in the secondary

Dividend

There will be no dividend paid to Excel Development Bank (EDBL) shareholders in fiscal year 2078/79.

Earnmoney.com.np / April 11, 2023

Excel Development Bank Limited (EDBL) has announced that it will not pay dividends in fiscal year 2078/79. The EDBL Board of Directors decided on Chaitra 27, 2079, that no dividends will be paid for fiscal year 2078/79. The financial statements, however, are subject to approval by Nepal Rastra Bank and the company’s upcoming Annual

Business | Market | Economy

Remittance inflows increased by 25.3% to Rs. 794.32 billion in the first eight months of fiscal year 2022/23.

Earnmoney.com.np / April 11, 2023

Nepal Rastra Bank (NRB), Nepal’s central bank, has released the country’s current macroeconomic and financial situation based on eight months of data ending in mid-March 2022/23.

IPO | FPO

The IPO of Makar Jitumaya Suri Hydropower Company will be completed on Wednesday.

Earnmoney.com.np / April 11, 2023

Makar Jitumaya Suri Hydropower Company Limited’s initial public offering (IPO) will take place this Wednesday, March 29th, 2079. The allotment program will take place at the issue manager’s Kamaladi office, Prabhu Capital Limited. From the 19th to the 25th Chaitra, the company issued 13,37,302 units of Rs 100 face value shares to the general

Business | Market | Economy

Himalaya Urja Bikas Company Receives Electricity Regulatory Commission Approval to Issue 100% Right Shares

Earnmoney.com.np / April 10, 2023

Himalaya Urja Bikas Company Limited (HURJA) has been granted permission by the Electricity Regulatory Commission (ERC) to issue rights shares to the general public. The Electricity Regulatory Commission (ERC) has approved the distribution of right shares in a 1:1 ratio. The company proposed issuing right shares in a 1:2 ratio, or 200% of the