Tag: Investment

  • SEBON has finally approved Ghorahi Cement Industry’s IPO proposal.

    SEBON has finally approved Ghorahi Cement Industry’s IPO proposal.


     

    The Securities Exchange Board of Nepal (SEBON) has authorized Ghorahi Cement Industry Limited’s proposed initial public offering (IPO) on Baisakh 06, 2080.

    The corporation will now distribute 7,943,801 unit shares. A total of 3,97,190 unit shares are reserved for project-affected locals, while the remaining 75,46,611 unit shares are designated for the general public. The IPO would be issued by the corporation by adding a premium of Rs 300 to the face value of Rs 100, for a total of Rs 400 for project-affected people. Similarly, shares for the general public will be issued at Rs 435 after a premium of Rs 345 is added to the face value.

     

  • Nepal Investment Mega Bank Earns Rs 3.04 Arba in Net Profit in Q3

    Nepal Investment Mega Bank Earns Rs 3.04 Arba in Net Profit in Q3


     

    Nepal Investment Mega Bank Limited (NIMB) has released its third-quarter report for fiscal year 2079/80, which shows a 22.96% increase in net profit. In the third quarter of fiscal year 2079/80, the bank’s profit grew to Rs 3.046 arba. Following the merger, the bank has a total paid-up capital of Rs. 34.12 Arba, reserves of Rs. 23.89 Arba, retained earnings of Rs 1.27 Arba, and a share premium of Rs 20.78 Crore.

     

  • SEBON Extends the Deadline for Companies Interested in Stock Exchange Operations

    SEBON Extends the Deadline for Companies Interested in Stock Exchange Operations


    The Securities Board of Nepal (SEBON) has issued a notice to eligible institutions requiring them to apply for a Commodities Exchange Market Operation license and a Stock Exchange Operation license within 10 days.

    To provide investors with market access, enable commodity price innovation, and provide investors with alternative investment instruments to preserve price stability, a commodities exchange market that is investor-friendly, competitive, worldwide in scope, and competent is required.

    In order to run the commodities exchange market under the rules, guidelines, and other applicable regulations, those who seek to form a limited liability company in compliance with the prevailing legislation must first get board permission.

     

  • The NEPSE Index fell 18.91% in a year, while total turnover dropped by 75%.

    The NEPSE Index fell 18.91% in a year, while total turnover dropped by 75%.


    The NEPSE index finished at 1,934.47 today, down 29.07 points from the previous trading day’s close. This is a 1.48% decrease. Yesterday, the index increased by 92.22 points.

    The index began today at 1,973.09 and reached an intraday high of 1,981.87. In comparison, it dropped as low as 1,928.93 before closing at 1,934.47.

    In 44,708 transactions, 270 scrips changed hands. A total of 4,913,702 shares were traded, totaling Rs. 1.653 Arba in turnover. This is less than the previous day’s turnover of Rs. 1.976 Arba.

    SHIVAM CEMENTS LTD (SHIVM) shares were the most actively traded, with a total turnover of Rs. 8.42 crores at a market price of Rs. 405 per share.

     

  • The capital market downturn has resulted in a significant reduction in Hathway Investment Nepal’s profitability.

    The capital market downturn has resulted in a significant reduction in Hathway Investment Nepal’s profitability.


    Hathway Investment Nepal Limited (Hathway), Nepal’s first private-equity investment firm, generated Rs. 1277 million in operating income (OI) in fiscal year 2022. For FY 23, the company has projected an operating income of around Rs. 116 million.

    ICRA Ratings has assigned a long-term rating of LBBB to Hathway for long-term loans totaling Rs. 147.7 million and an A3 rating to the short-term fund totaling Rs. 852.3 million.

     

  • “Siddhartha Investment Growth Scheme 3” Public Offering

    “Siddhartha Investment Growth Scheme 3” Public Offering


    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

     

  • Through its new extension counter, Nepal Investment Mega Bank now serves Belbari in Morang.

    Through its new extension counter, Nepal Investment Mega Bank now serves Belbari in Morang.


     

    On Chaitra 24, 2079, Nepal Investment Mega Bank opened its new extension counter at Belbari nagarpalika-9 Dangihat in Morang.

    According to a media statement, the latest facility was jointly inaugurated by Koshi province head of the bank Mr. Rajeev Gajurel and Nagarpalika mayor Mr. Dil Prasad Rai during a program.

    The bank’s network currently includes 296 branches and 51 extension counters.

     

  • Ngadi Group Power and Shree Investment Company are both listed on the NEPSE.

    Ngadi Group Power and Shree Investment Company are both listed on the NEPSE.


     

    NEPSE has listed 8,39,482.225 unit bonus shares of Ngadi Group Power Limited (NGPL).

    On the 25th of Falgun, the hydropower company held its 9th AGM and approved a 5% dividend for fiscal year 2078/79. On Falgun 1, the board of directors decided to distribute the dividend on the paid-up capital of Rs. 1.76 Arba. Tax-free bonus shares of 4.75% and a cash dividend of 0.25% were proposed. NEPSE now lists the same bonus shares.

     

  • SEBON Plans to Launch Nabil Investment Banking’s New Mutual Fund Scheme “NI 31”

    SEBON Plans to Launch Nabil Investment Banking’s New Mutual Fund Scheme “NI 31”


     

    In the most recent list of mutual fund scheme pipeline status published by the Securities Exchange Board of Nepal (SEBON), “NI 31” has recently been added under preliminary review.

    The fund size for NI 31 will be Rs. 15 crores divided into 1.5 crore units with a par value of Rs.10 per unit. On Chaitra 16, the application was submitted to SEBON. The mutual fund scheme’s fund manager is Nabil Investment Banking Limited. Nabil Bank, on the other hand, is the scheme’s Fund Sponsor.

  • 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.

     

  • In the second quarter of fiscal year 2079/80, Himalayan Reinsurance earns a net profit of Rs. 4.63 crores.

    In the second quarter of fiscal year 2079/80, Himalayan Reinsurance earns a net profit of Rs. 4.63 crores.


    Himalayan Reinsurance Limited reported a net profit of Rs. 4.63 crores for the fiscal year 2079/2080’s second quarter. The company’s net profit fell by 62.83% in the second quarter.

    In this quarter, the company’s paid-up capital was Rs. 7 Arba, while its reserve and surplus were Rs. 17.7 Crores.

    This quarter, the company earned Rs. 8.52 crores from investments, loans, and other sources.