Tag: have

  • List of Companies With IPO Shares That Have Not Yet Been Listed on NEPSE; 9 Companies Are Also Planning an IPO

    List of Companies With IPO Shares That Have Not Yet Been Listed on NEPSE; 9 Companies Are Also Planning an IPO


    An initial public offering is the process by which a privately held company becomes a publicly traded company by selling its stock to the general public (IPO). An IPO allows a company to raise funds by selling ownership stakes to a diverse group of investors. It is a method for businesses to obtain public funding in order to support operations or grow.

    A company that wants to go public typically hires an investment bank to handle the IPO. The investment bank and the company will work together to determine the appropriate stock price and quantity to be distributed. Following that, the company will file a registration statement with the Securities and Exchange Commission (SEC) detailing its finances and other information.

     

  • Kalinchowk Darshan and Asian Hydropower IPO Shares Are Finally Listed On NEPSE

    Kalinchowk Darshan and Asian Hydropower IPO Shares Are Finally Listed On NEPSE


    Kalinchowk Darshan Limited’s IPO shares of 60,00,000 units have been listed on NEPSE. This includes promoter shares as well as shares issued to the general public and project-affected locals.

    The initial transaction price range is Rs. 78.15 to Rs. 234.45. If the company signs the agreement with NEPSE, the IPO shares will trade in the secondary market the following day.

     

  • Commercial banks profited Rs. 36 Arba until the end of the fiscal year in Magh.

    Commercial banks profited Rs. 36 Arba until the end of the fiscal year in Magh.


    Statistics reveals that commercial banks combined have achieved a total net profit of Rs. 36 Arba and 89 crores. Nabil Bank is the most profitable of the 22 commercial banks, with a net profit of Rs. 4 Arba and 13 crores. Similarly, NIC Asia Bank had a net profit of Rs. 3 Arba and 67 crores. Global IME Bank, on the other hand, has made a net profit of Rs. 3 Arba and 55 Crores. Agricultural Development Bank, on the other hand, has the lowest net profit of Rs. 10 crores.

    – With the successful merger of Global IME Bank and Bank of Kathmandu, the joint transaction in the name of Global IME Bank began on Poush 25, 2079.

  • The government’s spending exceeds its revenue by Rs 1.56 Kharba.

    The government’s spending exceeds its revenue by Rs 1.56 Kharba.


     

    For the first eight months of the current fiscal year 2079/80, the government’s budget deficit exceeded Rs. 1.56 Kharba. By the end of Falgun, the government had spent 7.79 Kharba of its budget, but had only collected 6.22 Kharba in total revenue.

    Meanwhile, only 22.15% of capital expenditure (CAPEX) is used until the end of Falgun’s fiscal year 2079/80.

    The government’s capital expenditure is the money spent on the development of physical assets. In Nepal, the capital budget is funded by balancing domestic revenue after the recurrent budget, grants, and loans have been met. According to the Financial Comptroller General Office, only Rs. 84.25 Arba of the capital budget has been spent out of the targeted budget of Rs. 3.80 Kharba.

     

  • The deadline for the auction of 296,000 Kumari Bank promoter shares has been extended to Chaitra 06

    The deadline for the auction of 296,000 Kumari Bank promoter shares has been extended to Chaitra 06


    The deadline for the sale of 2,96,000 units of promoter share has been extended till Chaitra 6, 2079, according to Kumari Bank Limited (KBL).

    KBL’s existing promoters have started auctioning off their 2,96,000 unit promoter stake. The auction began on the 16th of Falgun and was scheduled to end tomorrow, on the 30th of Falgun, 2079. Nevertheless, because the auction organizer received insufficient applications, the sale has been extended until Chaitra 6.

    Individual investors, businesses, and institutions can all bid in an auction. The minimum bid is Rs. 119. The promoters’ shares have a minimum bid quantity of 10,000 units. Although bidders may bid for the full issue, they must follow the Nepal Rastra Bank’s guideline not to bid more than once.

  • 7-Month Macroeconomic Highlights: Inflation is 7.88%.

    7-Month Macroeconomic Highlights: Inflation is 7.88%.


    According to the Nepal Rastra Bank, inflation remained at 7.88 percent year on year. During the mentioned period, the gross foreign exchange reserves stood at USD 10.50 billion, while total imports and exports decreased by 19.9 percent and 29 percent, respectively, and the trade deficit decreased by 18.7 percent.

    The outstanding concessional loan was Rs.210.96 billion as of mid-February 2023, with 148,295 borrowers. For selected commercial agriculture and livestock businesses, Rs.142.56 billion has been extended to 61,335 borrowers. Similarly, 84,105 women entrepreneurs have received loans totaling Rs.65.19 billion. A total of 2,855 borrowers have received concessional loans in other specified sector

     

  • Aatmanirbhar Laghubitta Bittiya Sanstha’s Initial Public Offering (IPO) has concluded, with one in every 91 applicants receiving ten units.

    Aatmanirbhar Laghubitta Bittiya Sanstha’s Initial Public Offering (IPO) has concluded, with one in every 91 applicants receiving ten units.


    Aatmanirbhar Laghubitta Bittiya Sanstha Limited had issued to the general public 1,69,755 units worth Rs 1.69 crore in an Initial Public Offering (IPO) (Falgun 11- 15, 2079).

    Out of the total 203,380 units, 10%, or 20,388 units, have been allotted to Nepalese citizens working abroad, while 1.5326%, or 3,117 units, have been set aside for company employees, and 5%, or 10,170 units, have been set aside for mutual funds. The remaining 1,69,755 units will be available to the general public.

     

  • Sanima Middle Tamor Hydropower Issuing 42,48,938 Units IPO Shares Beginning Today

    Sanima Middle Tamor Hydropower Issuing 42,48,938 Units IPO Shares Beginning Today


     

    Sanima Middle Tamor Hydropower Limited will begin issuing 42,48,938 unit shares with a face value of Rs 100 on February 26th, 2079. This IPO is expected to generate Rs 42.48 crore for the company. This issue’s early closing date is 30th Falgun, and if it is not fully subscribed, it can be extended until 10th Chaitra, 2079.

    Out of the total 49,98,750 units, 10%, or 499,875 units, have already been issued and allocated to Nepalese citizens working abroad, while 5%, or 249,937 units, have been set aside for mutual funds. The remaining 42,48,938 units will be available to the general public. Following the IPO, the company’s paid-up capital will be Rs. 3.33 Arba

  • Himalayan Everest Insurance Holds AGM on Chaitra 29th to Approve 2.89% Dividend

    Himalayan Everest Insurance Holds AGM on Chaitra 29th to Approve 2.89% Dividend


    Himalayan Everest Insurance Limited (HEI) has scheduled its 29th annual general meeting for Chaitra 29, 2079. The meeting will begin at 11 a.m. that day at the Baneshwor Banquet in Thapagaun.

    Among the other items on the agenda, the AGM will approve a 2.89% dividend for fiscal year 2078/79. The 297th meeting of the board of directors, held on Poush 26, decided to distribute a dividend of Rs. 2.23 Arba on the paid-up capital. A cash dividend of 0.14% and 2.75% bonus shares have been proposed. Thus, the bonus shares are valued at Rs. 6.15 crores, while the cash dividend is valued at Rs. 32.42 lakhs.

     

  • Menchhiyam Hydropower IPO closes today for Nepalese working abroad.

    Menchhiyam Hydropower IPO closes today for Nepalese working abroad.


    Menchhiyam Hydropower Limited has closed the issue of its initial public offering (IPO) to Nepalese citizens working abroad as of today, the 25th of Falgun, and has extended the IPO issue deadline for project-affected locals until the 9th of Chaitra, 2079. The problem had begun on the 10th of Falgun, 2079.

    The company’s issued capital is Rs. 54.25 crores, of which 10%, or 5,42,583 unit shares worth Rs. 5.42 crores, have been allocated to project-affected Sankhuwasabha District residents. Meanwhile, 20% of the company’s issued capital, or 10,85,167 unit shares, will be made available to the general public later. This public issue, which will close today, has allocated 10% of the shares totaling 108,517 units to Nepalese citizens working abroad.

     

  • Last Day to Claim Chhimek Laghubitta’s Proposed 25.26% Dividend

    Last Day to Claim Chhimek Laghubitta’s Proposed 25.26% Dividend


    Today is the last day to claim Chhimek Laghubitta Bittiya Sanstha Limited’s proposed dividend of 25.26%. (CBBL).

    On Chaitra 10, 2079, the company called its 21st AGM. The meeting will begin at 11 a.m. that day in Hetauda, Makawanpur.

    Among the other items on the agenda, the AGM will approve a 25.26% dividend for fiscal year 2078/79. The 282nd meeting of the board of directors, held on Poush 27, decided to distribute a dividend of Rs. 2.32 Arba on the paid-up capital. There have been proposed 22% bonus shares worth Rs 51.13 crores and 3.26% cash dividend (including tax) worth Rs 7.57 crores.

     

  • Aatmanirbhar Laghubitta IPO Receives Rs. 1.78 Arba From 16.13 Lakh Applicants; IPO Oversubscribed by More Than 105.14 Times

    Aatmanirbhar Laghubitta IPO Receives Rs. 1.78 Arba From 16.13 Lakh Applicants; IPO Oversubscribed by More Than 105.14 Times


    From the 11th to the 15th of Falgun, 2079, Aatmanirbhar Laghubitta Bittiya Sanstha Limited issued 169,755 units of shares worth Rs. 1.69 crores to the general public as part of their Initial Public Offering (IPO).

    The company’s issued capital is Rs. 6.23 crores, of which 32.625%, or 203,380 unit shares worth Rs. 2.03 crores, have been set aside for the general public. Out of the total 203,380 units, 10%, or 20,388 units, were set aside for Nepalese citizens working abroad, while 1.5326%, or 3,117 units, were set aside for company employees, and 5%, or 10,170 units, were set aside for mutual funds. The remaining 169,755 units were made available to the general public.