The Nepal Insurance Authority has licensed two more microinsurance businesses.
At its meeting on Tuesday, the authority’s board of directors voted to provide licenses to two more micro insurance companies. The authorities have given licenses to Protective Micro Insurance Ltd Nepal and Crest Micro Life Insurance Ltd.
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 market the next day.
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 public as an Initial Public Offering (IPO) worth Rs 13.37 crore. Out of the total 15,20,000 units, or 20% of the issued capital, 10% or 152,000 units have already been issued and allotted to Nepalese citizens working abroad, while 2%, or 32,028 units, were set aside for the company’s employees, and 5%, or 80,070 units, were set aside for the general public.
The Investors’ Association has focused significant attention on the financial and psychological effects of the stock market on regular investors, which have been steadily declining for a long time.
Despite the fact that over 55 lakh investors lost a total of nearly Rs. 15 Kharba following the all-time high market capitalization on August 18, 2021, the relevant authorities have remained silent on the subject.
Siddhartha Capital Limited is launching the closed-end mutual fund scheme “Siddhartha Investment Growth Scheme 3” today, on the 26th Chaitra, and will close on the 29th Chaitra, 2079. If the issue is not fully subscribed by the early closing date, it may be extended until Baisakh 10.
10%, or 1.2 crore units worth Rs. 12 crores, have been allocated to the fund promoter Siddhartha Bank Limited, while 5%, or 60 lakh units, have been allocated to the fund manager Siddhartha Capital. As a result, the remaining 10.20 crore units will be made available to the gen
The Securities Exchange Board of Nepal (SEBON) has recently added “Global IME Samunnat Yojana -II” to its latest list of mutual fund scheme pipeline status.
The Global IME Samunnat Yojana-II will have a fund size of Rs. 1.2 Arba divided into 12 Crore units with a par value of Rs.10 each. On Chaitra 19, the application was submitted to SEBON. The mutual fund scheme’s fund manager is Global IME Capital. Global IME Bank, on the other hand, is the scheme’s Fund Sponsor.
Sunrise Focused Equity Fund (SFEF) units worth $10 billion have been listed on NEPSE. The fund initially offered just 12 crore units, however the offering was downsized due to a reduced number of applications.
The “Sunrise Focused Equity Fund” is a closed-end fund with a 10-year maturity horizon. On the 10th of Magh, Sunrise Capital allocated its Sunrise Focused Equity Fund. Nevertheless, the close-ended mutual fund received just 10 crore unit mutual fund applications out of the 12 crores available, forcing the fund manager to decrease the fund’s corpus to Rs 1 Arba.
Ingwa Hydropower Limited is completing the distribution of 6,00,000 units of IPO shares to project-affected locals today, Chaitra 20, 2079. The problem had begun on the 21st of Falgun, 2079.
The company’s issued capital is Rs. 60 crores, of which 10%, or 6,00,000 unit shares worth Rs. 6 crores, have been allocated to project-affected Taplejung District residents. Meanwhile, 20% of the company’s issued capital, or 12,00,000 unit shares, will be made available to the general public later. This public issue, which closed on the 5th Chaitra, allocated 10% of the shares totaling 120,000 units to Nepalese citizens working abroad.
After a successful merger between Siddhartha Insurance Limited (SIL) and Premier Insurance Company (Nepal) Limited (PIC), 28,065,499 shares of Siddhartha Premier Insurance Limited (SPIL) were listed on NEPSE.
On the 27th of Ashad, 2079, SIL and PIC inked a merger agreement. The corporation had agreed to a merger with a swap ratio of 1:1. SIL’s paid-up capital was Rs. 1,403,920,000. PIC’s paid-up capital was Rs. 1,402,629,900 at the time. The newly combined firm “Siddhartha Premier Insurance Ltd” has a total paid-up capital of Rs. 2.8 Arba.Following a successful merger, SIL and PIC began the joint transaction as Siddhartha Premier Insurance Limited (SPIL) on Falgun 17, 2079. As a result, the listed shares will begin trading under the ticker “SPIL.”
For the fiscal year 2078/79, Kamana Sewa Bikas Bank Limited (KSBBL) has proposed a dividend of 4.64%.
The dividend will be paid from the company’s paid-up capital of Rs.3.14 Arba.
A cash dividend of 0.23% and 4.41% bonus shares have been proposed. KSBBL has an LTP of Rs. 313 as of this writing. The proposed dividend must be approved by the central bank and approved by the upcoming AGM.
Sagarmatha Jalvidyut Company Limited’s initial public offering (IPO) was completed today at Prabhu Capital Limited’s Kamaladi headquarters.
Out of the total 43,68,000 units authorized for the general public, 10%, or 436,800 units, have already been issued and distributed to Nepalese people working abroad, 5%, or 218,400 units, have been put aside for mutual funds, and 3%, or 131,040 units, have been set aside for firm workers.
The remaining 35,81,760 units were distributed to the general population between the 8th and 12th Chaitra, 2079.
Following the IPO, the company’s paid-up capital will be Rs. 1.12 Arba. Moreover, the promoter-public share ratio would be 51: 49.
The problem has received 13,93,153 genuine applications.
Neco Insurance Limited (NIL) has distributed 15% bonus shares to its shareholders’ DEMAT accounts. The company has requested that its shareholders dematerialize their shares.
On the 15th of Magh, 2079, the company held its 27th AGM for the fiscal year 2078/79. The AGM approved a dividend of 15.79% for fiscal year 2078/79. On Mangsir 18, the 434th meeting of the board of directors decided to distribute the dividend on the paid-up capital of Rs. 1.749 Arba. There was a proposal for 15% bonus shares worth Rs. 26.24 crores and a 0.79% cash dividend (including tax) worth slightly more than Rs. 1.38 crores. The same bonus shares have now been transferred to Demat accounts.