Tag: ipo

  • NEPSE Index Records Marginal Decline, Market Highlights and Sectoral Trends

    NEPSE Index Records Marginal Decline, Market Highlights and Sectoral Trends


    The Nepal Stock Exchange (NEPSE) Index registered a decline of 8.75 points, equivalent to 0.42%, compared to the previous day’s closing, concluding at 2,060.15 points. This follows a loss of 1.93 points in the index on the preceding trading day. The day commenced with the index opening at 2072.45 and witnessed fluctuations, reaching an intraday low of 2,056.87 and a high of 2,096.44.

    In the course of today’s trading activities, a total of 306 different stocks were traded through 102,905 transactions. The trading volume amounted to 11,892,559 shares, contributing to a total turnover of Rs. 4.48 Arba. The market capitalization stood at Rs. 32.00 Kharba, with a float market capitalization of Rs. 11.05 Kharba.

    SHIVAM CEMENTS LTD (SHIVM) emerged as the stock with the highest turnover, reaching Rs. 20.13 crores, and closed at a market price of Rs. 579.

    Among the gainers for the day were CEDB Hydropower Development Company Limited (CHDC) and Chirkhwa Hydropower Limited (CKHL), both gaining 10%. Following closely were Nepal Warehousing Company Limited (NWCL) and Hathway Investment Nepal Limited (HATHY), each recording gains of 9.99%, along with MKCL at 9.98%.

    Conversely, Molung Hydropower Company Limited (MHCL) experienced the most significant loss, with a decline of 8.09%.

    Analyzing the sector indices, only five sectors closed positively today. The “Investment Index and Manufacturing And Processing” exhibited the highest gain of 1.07%, while the “HydroPower Index” witnessed a loss of 1.72%.

  • Ghalemdi Hydro Limited Successfully Concludes 200% Right Share Offering to Fund Chujung Khola Hydropower Project Acquisition

    Ghalemdi Hydro Limited Successfully Concludes 200% Right Share Offering to Fund Chujung Khola Hydropower Project Acquisition


    Ghalemdi Hydro Limited (GHL) is currently concluding the offering of its 1:2 ratio right shares to its shareholders, a process that began on the 10th of Mangsir and is scheduled to end today, the 16th of Poush, 2080, by the close of banking hours.

    In an effort to raise funds, the hydropower company has initiated the issuance of 200% right shares valued at Rs. 1.1 Arba. This amounts to the distribution of 11,000,000 units of right shares to existing shareholders. The primary objective behind this move is to enable the company to acquire a minimum of 51% of shares in the Chujung Khola hydropower project (63 M.W. PRoR) located in Sankhuwasabha and promoted by Shangrila Urja Pvt. Ltd.

    Currently, the company’s paid-up capital stands at Rs. 55 Crores. Following the adjustment for the proposed right share issuance of 1.10 crore units, the paid-up capital is anticipated to rise to Rs. 1.65 Arba.

    The responsibility of overseeing this right issue has been assigned to Muktinath Capital Limited, serving as the issue manager. According to the latest update from the issue manager, a total of 27,724 applicants have submitted applications for 63,37,675 units. As of 10 AM this morning, the subscription rate for the issue stands at 57.62%.

  • Getting money back of non allocated IPO

    Getting money back of non allocated IPO


    Long time back when there used to be paper based IPO application I had applied for some share and didn’t get the allocation. I never got the money back as I believe I was supposed to go to collect the money.

    Now, did I lose my money or have possiblity to get back?

    View on r/NepalStock by unicornandpizza

  • Himalayan re-insurance ipo released

    Himalayan re-insurance ipo released


    Is it worth or not?

    View on r/NepalStock by WarRomantic_69

  • Ipo vareko edit garnu milcha ki nai feri??

    Ipo vareko edit garnu milcha ki nai feri??


    Ekchoti varisakeko ipo, jun verified pani vaisakyo teslai edit garnu milcha ki ni nai meroshare ma? Edit garne option nai vetiyena?

    View on r/NepalStock by Gauleybhai

  • IPO Deadline Extension for Himalayan

    IPO Deadline Extension for Himalayan


    [https://www.sharesansar.com/newsdetail/deadline-extended-for-249-crores-ipo-unit-shares-of-himalayan-reinsurance-issue-subscribed-by-8392-so-far-2023-12-17](https://www.sharesansar.com/newsdetail/deadline-extended-for-249-crores-ipo-unit-shares-of-himalayan-reinsurance-issue-subscribed-by-8392-so-far-2023-12-17)

    ​

    So the deadline has been extended. I think this means

    1. More people will apply so my hopes of getting those 30s and 40s look unlikely
    2. How does this end is it till the 11th that this goes on or does the below point mean it closes earlier

    https://preview.redd.it/xtqklo2hps6c1.png?width=933&format=png&auto=webp&s=a1d40027ac6b1524896af47a84fcdf939471f21b

    3. Can I wait for like 3-4 days see the application and then make a reasonable call to apply 20s or 30s?

    (I don’t have a lot of money and thus don’t want it all to be stuck)

    https://preview.redd.it/nlj4s3typs6c1.png?width=1495&format=png&auto=webp&s=8f37dbfc5b16a37a7fa1d68f8a7f42a7dda770bb

    ​

    https://preview.redd.it/eb93js00qs6c1.png?width=400&format=png&auto=webp&s=2152a677ed21f880c03c21130ef5f7c893f8315e

    View on r/NepalStock by TheGreatestNepali

  • Ghalemdi Hydro Limited Concludes 200% Right Share Issuance for Chujung Khola Project Investment

    Ghalemdi Hydro Limited Concludes 200% Right Share Issuance for Chujung Khola Project Investment


    Ghalemdi Hydro Limited (GHL) is set to conclude its issuance of right shares to shareholders at a 1:2 ratio starting from the 16th of Poush. The right shares, offered at a rate of 200%, were made available for subscription from the 10th of Mangsir and will remain open until the 16th of Poush, 2080, closing at the end of banking hours.

    In a bid to raise funds, Ghalemdi Hydro Limited aimed to generate Rs. 1.1 Arba by issuing 11,000,000 units of right shares to its existing shareholders at the 200% rate. The company’s strategic decision to offer these right shares is linked to its plan to invest a minimum of 51% of shares in the Chujung Khola hydropower project (63 M.W. PRoR) located in Sankhuwasabha and promoted by Shangrila Urja Pvt. Ltd.

    As of now, Ghalemdi Hydro Limited holds a paid-up capital of Rs. 55 Crores. Upon the successful adjustment of the proposed right shares totaling 1.10 crore units, the company’s paid-up capital is expected to rise to Rs. 1.65 Arba.

    To oversee this right share issuance, Muktinath Capital Limited has been appointed as the issue manager. The book closure date was on Kartik 03, meaning that only shareholders who maintained their holdings before that date are eligible to apply for the rights offering.

  • Gold Prices Experience a Significant Drop of Rs. 1,300 per Tola, Silver Rates Decline as Well

    Gold Prices Experience a Significant Drop of Rs. 1,300 per Tola, Silver Rates Decline as Well


    Today, the price of gold saw a decline of Rs. 1,300 per tola. As reported by the Federation of Nepal Gold and Silver Dealers’ Association’s official website, the current value of fine gold is Rs. 1,20,700 per tola, showing a decrease from yesterday’s rate of Rs. 1,22,000 per tola. Similarly, Tejabi gold is being traded at Rs. 1,20,100 today, marking a reduction of Rs. 1,300 per tola compared to its previous price of Rs. 1,21,400 per tola.

    Just one day ago, on December 28, 2023, fine gold had achieved a historic high of Rs. 1,22,000 per tola, while Tejabi gold had reached Rs. 1,21,400, establishing a record at that time.

    In addition to the gold fluctuations, the price of silver has also undergone a decrease of Rs. 35 per tola. The current market rate for silver is Rs. 1,455 per tola, down from yesterday’s closing rate of Rs. 1,490 per tola.

  • Finance Minister Optimistic About 6% Economic Growth and Library Society’s Challenges Addressed at Annual Meeting

    Finance Minister Optimistic About 6% Economic Growth and Library Society’s Challenges Addressed at Annual Meeting


    Finance Minister Dr. Prakash Sharan Mahat expressed optimism about achieving a 6% economic growth rate, attributing it to the gradual recovery of the country’s economy. Speaking at the 20th annual general meeting of the Kathmandu Valley Public Library Society at Bhrikutimandap, Minister Mahat highlighted positive signs such as the increasing number of tourists, rising remittances, growing share prices, enhanced revenue, and overall economic activities.

    Minister Mahat underscored the successful resolution of budget anomalies through the implementation of a budget allocation system based on guaranteed resources in multi-year projects. He also noted a decline in bank interest rates, signaling a positive economic trend. The Finance Minister credited the improvement in the budget system for curbing the tendency to exceed budget allocations outlined in the budget Red Book.

    Dr. Narayan Khadka, the President of the Society, emphasized the significance of prioritizing libraries as hubs of knowledge, information, and national history. However, he expressed concerns about reduced government funding, the absence of a dedicated land plot for the library building, and increased rent imposed by the Social Welfare Council.

    During the event, Mahesh Agrawal and Tirtha Raj Onta were honored by the Society. The library, established in 2003, attracts more than 30,000 visitors annually and has 2,400 annual members. The Society has managed the library since 2005, amassing 37,614 donated books and acquiring 4,351 books through purchases.

    In a collaborative effort, Prof. Dr. Bhagawat Dhakal, Chief of Balmeeki Vidyapeeth, proposed allocating land to jointly construct the library building, addressing the budget constraints faced by the Vidyapeeth.

  • All three mutual fund schemes managed by Kumari Capital have recorded an uptick in Net Asset Value (NAV) as of the end of the month of Mangsir.

    All three mutual fund schemes managed by Kumari Capital have recorded an uptick in Net Asset Value (NAV) as of the end of the month of Mangsir.


    Kumari Capital Limited has released the NAV reports for Kumari Equity Fund (KEF), Kumari Dhanabriddhi Yojana (KDBY), and Kumari Sunaulo Lagani Yojana (KSLY) for the month of Mangsir, 2080.

    1. Kumari Equity Fund (KEF):
      • Fund Size: Rs. 1 Arba
      • NAV: Rs. 9.99 (Mangsir) | Rs. 9.41 (Previous Month)
      • Investments: Rs. 73.65 crore in listed shares, Rs. 3.14 crore in public issues, right shares, and bonus shares
      • Other Holdings: Rs. 15.87 crores in bonds/debentures, Rs. 2 crores in fixed deposits
      • Bank Balance: Rs. 4.09 crore
      • Net Loss: Rs. 35.95 lakhs (Mangsir) | Rs. 6.14 crores (Previous Month)
    2. Kumari Dhanabriddhi Yojana (KDBY):
      • Fund Size: Rs. 1.22 Arba
      • NAV: Rs. 10.52 (Mangsir) | Rs. 9.93 (Previous Month)
      • Investments: Rs. 83.91 crore in listed shares, Rs. 3.66 crore in public issues
      • Other Holdings: Rs. 18 crore in fixed deposits
      • Bank Balance: Rs. 10.65 crores
      • Net Loss: Rs. 2.47 (Mangsir) | Rs. 7.24 crores (Previous Month)
    3. Kumari Sunaulo Lagani Yojana (KSLY):
      • Fund Size: Rs. 36.62 Crores
      • NAV: Rs. 10.67 (Mangsir) | Rs. 10.07 (Previous Month)
      • Investments: Rs. 27.47 crore in listed shares, Rs. 1.33 Crores in public issues
      • Bank Balance: Rs. 5.67 crores
      • Net Profit: Rs. 8.79 Lakh (Mangsir) | Net Loss of Rs. 2.13 crores (Previous Month)
  • A Parliamentary Committee implements proactive measures to rectify irregularities in IPO premiums, lock-in periods, and enhance transparency in the stock market

    A Parliamentary Committee implements proactive measures to rectify irregularities in IPO premiums, lock-in periods, and enhance transparency in the stock market


    In a recent parliamentary committee meeting, concerns were raised about life insurance companies issuing IPO shares at premium prices, potentially above standard values. Allegations of improper premium approvals prompted an investigation into possible misconduct and misuse of authority. Here are the key directives issued by the committee after discussions with relevant authorities:

    1. The absence of Mr. Ramesh Kumar Hamal, Chairman of the Securities Board of Nepal, in the meeting raised concerns. The committee instructs the Commission for Investigation of Abuse Of Authority to investigate the financial transactions and practices of the Chairman within 30 days.
    2. The committee emphasizes transparency in regulations governing share issuance by companies. Immediate steps include the publication of regulations, amendments in the Nepal Gazette, and measures to prevent undue influence on investors.
    3. The committee directs the Securities Board of Nepal (SEBON) to adopt the Book Building process to address concerns about companies issuing IPOs at premium prices.
    4. The committee urges the Nepal Insurance Authority to rectify conflicts between the Insurance Act and the Banking and Financial Institutions Act regarding share prices for insurance companies.
    5. The committee suggests creating new laws to regulate the Company Registrar effectively and calls for government action.
    6. Recognizing challenges with the three-year lock-in period for promoter shareholders in hydropower projects, the committee instructs SEBON to intervene strategically to manage one-third of shares held by promoters.
    7. The committee urges the Ministry of Finance, SEBON, and the Nepal Insurance Authority to expand the scope of the Nepalese stock market, including instruments like debentures, bonds, and green bonds.
    8. The committee directs the Ministry of Finance, the Company Registrar’s Office, and SEBON to initiate the process for large companies with over Rs. 5 Arba in capital to become public companies within a year.
    9. The committee investigates whether companies issuing premium shares in the past three years set reasonable prices and instructs the Commission for Investigation of Abuse Of Authority to take legal action if wrongdoing is found.
    10. To address issues with life insurance premiums, the committee suggests imposing a minimal handling fee on surrendered policies and directs the Nepal Insurance Authority to submit information within three months.
    11. The committee announces that the next meeting will be scheduled after receiving relevant information on the outlined directives.