🏔️ ANNOUNCING: Himalayan Hustlers! 🚀
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Tag: Himalayan
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Himalayan Bank CAGR over the last 10 years
what is the average cagr for himalayan bank for the last 10 years? Anyone know?
View on r/NepalStock by PoKarma
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Himalayan Laghubitta Bittiya Sanstha (HLBSL) Alters Ownership Structure with Conversion of Promoter Shares to Public Shares
A significant development has occurred with Himalayan Laghubitta Bittiya Sanstha Limited (HLBSL), where 287,836 units of the company’s promoter shares have recently been transformed into public shares. This transformation has altered the ownership structure of HLBSL, resulting in a new ratio of 51% promoter shares to 49% public shares.
To provide a clearer picture of the company’s shareholding, HLBSL currently has a total of 3,198,182 units of shares listed on the Nepal Stock Exchange (NEPSE). Prior to this change, the share distribution was such that the promoters held 60% of the company’s shares, equivalent to 1,918,909 units, while the remaining 40% was in the hands of the public, amounting to 1,279,273 units. Following the recent conversion, the ownership structure now consists of 51% promoter shares, totaling 1,631,073 units, and 49% public shares, totaling 1,567,109 units.
As of the last reported data, HLBSL’s closing stock price stood at Rs. 616 on the previous Wednesday.
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Himalayan Capital Allots ‘Himalayan 80-20’ Mutual Fund Scheme
Himalayan Capital Limited, the issue manager for the “Himalayan 80-20” MF scheme’s IPO, has announced the completion of allotment for the 85 million units made available to the general public. Initially, Himalayan Capital had offered 10 million units valued at Rs 1 billion, priced at Rs 10 per unit. Out of this total, 15 percent (15 million units) were reserved for the promoter, Himalayan Bank, while the remaining 85 million units were open to the general public.
The “Himalayan 80-20” plan allocates 80 percent of the capital to long-term investments with compounding returns in the capital and financial market. The remaining 20 percent is actively managed based on market dynamics to maximize returns. This investment strategy is supervised by experienced fund managers at Himalayan Capital Limited.
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“Himalayan 80-20 Mutual Fund Scheme Receives Strong Demand”
Himalayan Capital’s mutual fund scheme, Himalayan 80-20, has witnessed significant demand, with applications exceeding the available units by 1.076 times, as reported by the Central Depository System and Clearing Limited (CDSC). The application period ended with more applications than units available.
By 5:06 p.m. on Friday, the scheme had received applications for 9.14 crores 61 thousand 820 units, while Himalayan Capital had initially issued 85 million units for the public.
In total, 4 lakh 61 thousand 141 applications were submitted for mutual fund units, resulting in a collection of 1 crore 46 lakh 18 thousand 200 rupees from these applications.
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“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.
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“Himalayan Laghubitta’s Q4 Sees Shrunken Operating Profit and Net Profit Due to Core Business Revenue Decline.”
In the last quarter of fiscal year 2079-80, the company witnessed a significant decline in both Net Operating Profit (core revenue) and Operating Profit, dropping by 24.52 percent and 79.04 percent, respectively. The core revenue shrank by nearly a quarter, reaching Rs. 20.23 crores. Additionally, the company faced Rs. 1.32 crore in impairment charges, impacting its overall profitability negatively.
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SEBON Approves Himalayan Capital’s “Himalaya 80-20” Mutual Fund Scheme with 10 Crore Units
The Securities Board of Nepal (SEBON) has given its approval for the “Himalayan 80-20” mutual fund scheme, which is valued at Rs 1 Arba. This closed-end scheme will offer 10 crore unit shares with a par value of Rs 10 per share. The scheme is sponsored by Himalayan Bank Limited (HBL) and managed by Himalayan Capital Limited. It is noteworthy that this is the first mutual fund scheme to be operated by Himalayan Capital.
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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.
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After successful merger, 8.02 crore unit shares of Himalayan Life Insurance (HLI) listed on NEPSE for trading.
The merger between Gurans Life Insurance Company Ltd. (GLICL), Prime Life Insurance Company Limited (PLIC), and Union Life Insurance Company Limited (ULI) has resulted in the creation of Himalayan Life Insurance Limited (HLI). The merger agreement was signed on Ashad 29, 2079, with a swap ratio of 1:1:1. After the merger, a total of 80,203,837 shares of HLI have been listed on the Nepal Stock Exchange (NEPSE), making it the largest merger in the country’s life insurance sector. The individual shares of GLICL, ULI, and PLIC were 25,365,630 units, 23,428,550 units, and 31,409,657 units respectively.
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Himalayan Reinsurance Limited Reports Impressive Q3 Results
Himalayan Reinsurance Limited (HRL) has released its third-quarter financial report for the ongoing fiscal year 2079/80, showcasing a net profit of Rs. 25.44 crores. This marks an increase compared to the corresponding quarter of the previous fiscal year when the company earned Rs. 19.64 crores.
Notably, HRL has experienced a significant surge in net premium, which has grown by a remarkable 612.61%. The net premium now amounts to Rs. 3.38 Arba as of Q3 of the current fiscal year.
In terms of its financial reserves, HRL holds Rs. 13.69 crores in the insurance fund and Rs. 1.50 crores in the contingent fund.
Furthermore, the company’s income from investments, loans, and other sources has witnessed growth, reaching Rs. 15.75 crores by the end of the third quarter of the current financial year.
The annualized earnings per share (EPS) ratio of HRL stands at Rs. 4.85, reflecting its profitability, while the net worth per share is reported as Rs. 107.47.
HRL maintains a paid-up capital of Rs. 7 Arba and has accumulated a reserve and surplus of Rs. 38.58 crores.
These positive financial results demonstrate HRL’s strong performance and stability in the reinsurance sector, highlighting its ability to generate substantial profits and maintain a healthy financial position.
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HEI Lists 615,983 Unit Bonus Shares on NEPSE
Recently, Himalayan Everest Insurance Limited (HEI) successfully listed 615,983 unit bonus shares on the Nepal Stock Exchange (NEPSE). This development comes after the company held its 29th Annual General Meeting (AGM) on the 29th of Chaitra, where significant decisions were made. During the AGM, the board of directors approved a 2.89% dividend for the fiscal year 2078/79.
In a meeting held on Poush 26, the 297th meeting of the board, it was decided to distribute the dividend based on the paid-up capital of Rs. 2.23 Arba. The proposal included a distribution of 2.75% bonus shares worth Rs. 6.15 crores and a cash dividend of 0.14% amounting to Rs. 32.42 lakhs. These bonus shares, which were proposed and endorsed during the AGM, have now been successfully listed on the NEPSE.
As of the current writing, the Last Traded Price (LTP) of HEI stands at Rs. 490. This indicates the market value per share based on recent trading activity. Investors and shareholders of HEI can monitor the market performance and value of their shares based on this LTP. The listing of the bonus shares on the NEPSE provides an opportunity for investors to engage in trading and potentially benefit from the company’s performance and growth in the insurance sector.