Tag: ipo

  • Gold Prices in Nepalese Market Reach All-Time High, Silver Takes a Dip

    Gold Prices in Nepalese Market Reach All-Time High, Silver Takes a Dip


    The local gold market has recently reached an all-time high, experiencing a substantial surge of Rs. 500 per tola. Official data from the Federation of Nepal Gold and Silver Dealers’ Association reveals that fine gold is now being traded at an unprecedented rate of Rs. 113,700 per tola. This marks a significant increase from the previous day when the same amount of fine gold was priced at Rs. 113,200 per tola. Tejabi gold, another variety, has also seen a notable rise in its price and is currently trading at Rs. 113,150 per tola, up from the previous rate of Rs. 112,650 per tola.

    This surge in gold prices in the Nepalese market brings to mind the last time such record-breaking prices were witnessed, which was on July 20. On that day, fine gold was valued at Rs. 113,600 per tola, and Tejabi gold was priced at Rs. 113,050 per tola.

    In contrast, the silver market has experienced a slight decrease, with the price of silver declining by Rs. 15 per tola. Currently, silver is trading at Rs. 1,395 per tola, compared to the previous day’s closing rate of Rs. 1,410 per tola.

    It’s worth noting that these notable price fluctuations in the local market align with global trends. Currently, the global price for gold stands at USD $1,946.80 per ounce, while silver is being traded at $22.90 per ounce. These changes reflect both local and international dynamics in the precious metals market.

  • Vision Lumbini Urja Company Limited Opens IPO Subscription with Additional Units for the Public

    Vision Lumbini Urja Company Limited Opens IPO Subscription with Additional Units for the Public


    Vision Lumbini Urja Company Limited is set to initiate the issuance of its 20,75,285 unit Initial Public Offering (IPO) shares starting on the 16th Kartik, 2080. The closing date for the early subscription period for these shares is the 20th Kartik, with the option for an extension up to the 1st Mangsir, 2080, if the issue is not fully subscribed.

    Previously, the company had allocated 19,12,500 unit shares to individuals affected by the company’s projects in Kaski District. However, only 14,24,590 units were allotted to eligible applicants. Consequently, the remaining 4,87,910 units of unsubscribed shares from project-affected locals have been combined with the 19,12,500 units to create a total of 24,00,410 units available to the general public.

    Of these total shares, 191,250 units have already been issued and assigned to Nepalese citizens working abroad, 95,625 units are earmarked for mutual funds, while 38,250 units are reserved for company employees. The remaining 20,75,285 units are open for general public subscription.

    The per-share price for these shares is set at Rs. 100. Muktinath Capital Limited is entrusted with the role of the issue manager. Investors can apply for a minimum of 10 units, with an upper limit of 380,000 units.

    ICRA Nepal has reaffirmed its credit ratings for Vision Lumbini Urja Company Limited, maintaining a long-term rating of [ICRANP] LBB- and a short-term rating of [ICRANP] A4 for the company’s loan limits.

    Vision Lumbini Urja Company Limited is actively engaged in the development of the 25-MW Seti Nadi Hydroelectric Project, located in the Machhapuchchhre rural municipality of Kaski District in the Gandaki Province of Nepal. The project is classified as a run-of-the-river (R-o-R) type and is designed to operate at a 44.5% probability of exceedance. This information outlines the details of the upcoming IPO and the company’s project endeavors.

  • Vision Lumbini Urja IPO Shares Allocated to Kaski Locals, Future Public Offering Planned

    Vision Lumbini Urja IPO Shares Allocated to Kaski Locals, Future Public Offering Planned


    Vision Lumbini Urja Company Limited has completed the allocation of its Initial Public Offering (IPO) shares to project-affected individuals in Kaski District. The distribution took place on Wednesday, 1st Kartik, at the office of Muktinath Capital Limited, the appointed issue manager for the IPO.

    The company’s total issued capital is Rs. 1.91 Arba, out of which 10% or 19,12,500 unit shares valued at Rs. 19.12 Crores were reserved for project-affected locals in Kaski District. An additional 10% of the company’s issued capital, equivalent to 19,12,500 unit shares, will be made available to the general public at a later date. Within this public issue, 10% of the shares, totaling 1,91,250 units, were specifically allocated for Nepalese citizens working abroad, and the subscription period for these shares concluded on 15th Ashwin, 2080.

    In an official notice, the company reported that approximately 14,24,590 units, or 74.48% of the total issued shares, have been allocated to eligible applicants. Consequently, the remaining 4,87,910 units will soon be offered to the general public, in addition to the 19,12,500 units earmarked for public issuance, representing 10% of the company’s issued capital.

    ICRA Nepal has reaffirmed its credit ratings for Vision Lumbini Urja Company Limited, maintaining a long-term rating of [ICRANP] LBB- and a short-term rating of [ICRANP] A4 for the company’s loan limits.

    Vision Lumbini Urja Company Limited is actively engaged in the development of the 25-MW Seti Nadi Hydroelectric Project, situated in the Machhapuchchhre rural municipality of Kaski District in the Gandaki Province of Nepal. The project is classified as a run-of-the-river (R-o-R) type and is designed to operate at a 44.5% probability of exceedance. This information provides an overview of the recent developments and financial standing of the company.

  • NHPC Lists Right Shares on NEPSE After Successful Allotment and Auction

    NHPC Lists Right Shares on NEPSE After Successful Allotment and Auction


    National Hydro Power Company Limited (NHPC) has successfully listed 82,21,459.7178 units of right shares on the Nepal Stock Exchange (NEPSE). The company had previously issued these right shares to its shareholders at a ratio of 10:5, allowing them to subscribe to the offering from 29th Ashad to 18th Shrawan, 2080.

    Of the total 82,21,459.7178 unit right shares made available, eligible shareholders of NHPC submitted applications for 68,84,717 units, and these shares were duly allocated to the applicants.

    Subsequently, the company organized an auction for the remaining 13,36,742.7178 units of unsubscribed right shares, which took place from 13th Bhadra to 24th Bhadra, 2080. The auction was managed by Muktinath Capital.

    At the time of reporting, NHPC’s Last Traded Price (LTP) stands at Rs. 145. This information provides an overview of the company’s recent financial activity and share performance in the market.

  • Solu Hydropower and Taksar Pikhuwa Khola Hydropower Seek Approval for IPOs in Nepal

    Solu Hydropower and Taksar Pikhuwa Khola Hydropower Seek Approval for IPOs in Nepal


    Solu Hydropower Limited’s Initial Public Offering (IPO) has been added to the approval pipeline of SEBON (Securities Board of Nepal). The company intends to issue 20,000,000 unit shares to both local and general investors, with the IPO expected to generate a total of Rs. 2 Arba.

    Nabil Investment Banking Limited has been designated as the issue manager responsible for overseeing the IPO process. The application for this IPO was submitted to SEBON on Ashwin 23, 2080.

    Infomerics Credit Rating Nepal Limited (Infomerics Nepal) has assigned an issuer rating of IRN BB (Is) [Double B (Issuer)] to Solu Hydropower Limited. This rating suggests a moderate level of default risk in terms of meeting financial obligations.

    Similarly, the IPO proposal of Taksar Pikhuwa Khola Hydropower Limited has also been included in SEBON’s IPO pipeline. Taksar Pikhuwa Khola Hydropower Limited has presented a proposal to the capital market regulator to issue a total of 4,230,668 shares to both local and general investors, raising an amount of Rs. 42.30 crores for the company. The application for this IPO was submitted on Ashwin 26, 2080.

    Prabhu Capital Limited has been appointed as the issue manager for the public offering of Taksar Pikhuwa Khola Hydropower Limited.

    CARE Ratings Nepal Limited (CRNL) has reaffirmed a rating of ‘CARE-NP BB’ for the long-term bank facilities of Taksar Pikhuwa Khola Hydropower Private Limited (TPKH).

  • Nepal Stock Exchange (NEPSE) Index Sees Modest Dip in Latest Trading Session

    Nepal Stock Exchange (NEPSE) Index Sees Modest Dip in Latest Trading Session


    During today’s trading session, the Nepal Stock Exchange (NEPSE) Index concluded at 1,903.84 points, marking a decrease of 4.05 points, equivalent to a 0.21% decline compared to the previous day’s closing. It’s important to note that the index had seen a significant increase of 43.27 points on the last trading day.

    The trading day kicked off with the index opening at 1,908.66, reaching an intraday low of 1,893.94, while the highest point it reached during the day was 1,915.98.

    Throughout the course of the trading day, there were 284 different stocks involved in 25,520 transactions. The total volume of shares traded amounted to 3,766,153 units, resulting in a total turnover of Rs. 97.06 Crore. The overall market capitalization stood at Rs. 29.21 Kharba, with a float market capitalization of Rs. 10.25 Kharba.

    NABIL Bank Limited Promotor Share (NABILP) saw the most substantial turnover, reaching Rs. 5.90 crores, and it closed at a market price of Rs. 312.00.

    In a similar fashion, Citizens Mutual Fund 2 (CMF2) experienced the most significant gain today, achieving an impressive 5.87% increase in its value.

    On the contrary, Upper Solu Hydro Electric Company Limited (USHEC) had the most substantial loss of the day, with a notable decrease of 8.25%.

    Regarding sector indices, four sectors ended the day in positive territory, with “Mutual Fund” posting the highest gain at 0.36%. Conversely, the “Hydropower Index” recorded the most significant loss, showing a negative change of 0.96%.

  • Promoter of Suryodaya Womi Laghubitta Bittiya Sanstha Ltd. Offers 10,000 Shares in Auction to the Public

    Promoter of Suryodaya Womi Laghubitta Bittiya Sanstha Ltd. Offers 10,000 Shares in Auction to the Public


    A new opportunity has emerged for the general public to acquire shares in Suryodaya Womi Laghubitta Bittiya Sanstha Limited (SWMF). Dipak Sharma, one of the existing promoters of SWMF, has decided to auction off 10,000 units of promoter shares to the public. The auction officially commenced today and will remain open for bidding for a duration of 35 days from the date of the notice, which is the 1st of Kartik.

    It’s important to note that the initial attempt was made to auction these shares to eligible promoter shareholders. However, as no applications were received within the stipulated timeframe, the decision has been made to re-auction these promoter shares to the general public. Interested individuals looking to participate in the auction are required to submit their bids either at the central office, situated in Mahalaxmi-04, Lalitpur, or at Kumari Capital Limited, located in Naxal, Nagpokhari, Kathmandu.

    As of the most recent trading session, SWMF closed at a price of Rs. 597.00. Meanwhile, SWMFPO, which presumably pertains to the shares available in this auction, has a Last Traded Price (LTP) of Rs. 225.55 as of the 8th of October, 2023. This auction presents an opportunity for potential investors to acquire a stake in the company, subject to the conditions and procedures outlined by the company and regulators.

  • “Gold Price Surges by Rs. 1,300 per Tola in Nepal, Silver Also Sees Increase”

    “Gold Price Surges by Rs. 1,300 per Tola in Nepal, Silver Also Sees Increase”


    The price of the precious metal gold has experienced a significant boost, rising by Rs. 1,300 per tola today when compared to the trading rate on Tuesday. As reported by the Federation of Nepal Gold and Silver Dealers’ Association (FENEGOSIDA), fine gold now holds a value of Rs. 1,13,200 per tola, while Tejabi gold is priced at Rs. 1,12,650. Just two days ago, fine gold was available at Rs. 1,11,900 per tola, and Tejabi gold was priced at Rs. 1,11,350 per tola.

    In tandem with the surge in gold prices, the price of silver has also seen an increase today, with a rise of 35 rupees. The current price of silver stands at 1,410 rupees per tola, whereas it was at 1,375 rupees per tola on Tuesday.

    On the global scale, the present gold rate in international markets is quoted at USD $1,938.00, and silver is trading at $23.11 per ounce. These fluctuations in the prices of these precious metals could be attributed to various economic and market factors.

  • NEPSE Witnessed Huge Gain of 43.27 Points On 2nd Last Trading Day of Dashain Break; New Brokers Performing Well

    NEPSE Witnessed Huge Gain of 43.27 Points On 2nd Last Trading Day of Dashain Break; New Brokers Performing Well


    In today’s trading session on the Nepal Stock Exchange (NEPSE), there was a strong performance as the NEPSE Index concluded at 1,907.89 points. This represented a significant increase of 43.27 points, or 2.32%, compared to the previous day’s closing. It’s notable that the index had already shown promise by gaining 13.18 points on the last trading day. The reasons behind this substantial upswing are multifaceted.

    To begin with, the quarter-end pressure was substantially reduced on this second last trading day before the Dashain break, creating a more favorable trading atmosphere. Additionally, a key factor influencing the market was the recent reduction in interest rates by several banks. This had a noteworthy impact on market dynamics, as the interbank interest rate now stands at 1.99%, well below the saving interest rates offered by financial institutions. Moreover, the Credit-Deposit (CD) ratio is relatively low at 81.81%, indicating ample liquidity availability in the market.

    The decision to reduce broker commissions by 10% has boosted investor confidence, leading to increased demand in the market. The emergence of new brokers also played a crucial role in today’s trading session. One of the new brokers, Sharepro Securities Broker no. 65, delivered an impressive performance, securing a prominent position in the market, specifically ranking seventh in terms of influence and success in today’s trading.

    The trading day began with the index opening at 1,864.28, reaching an intraday low of 1,864.25 and a high of 1,908.40.

    Throughout the trading session, a total of 286 different stocks were traded in 31,788 transactions. The volume of shares traded amounted to 3,772,023 units, with a total turnover of Rs. 93.48 Crore. The market capitalization stood at Rs. 29.27 Kharba, with a float market capitalization of Rs. 10.27 Kharba.

    Sanima GIC Insurance Limited (SGIC) led in terms of turnover, with transactions worth Rs. 4.46 crores and a closing market price of Rs. 434.00.

    Similarly, Asha Laghubitta Bittiya Sanstha Ltd (ALBSL) exhibited the highest gain of 10%, followed by Infinity Laghubitta Bittiya Sanstha Limited (ILBS) with a gain of 9.97%. On the other hand, BPW Laghubitta Bittiya Sanstha Limited (BPW) experienced the highest loss at 4.62%.

    Regarding sector indices, all sectors concluded in positive territory, with “Non-Life Insurance” registering the highest gain at 2.87%, while “Mutual Fund” saw the lowest gain at 0.38%.

  • SEBON Approves IPO Proposal of Himalayan Re-insurance Limited, Premium Price Revised to Rs. 206 Per Share

    SEBON Approves IPO Proposal of Himalayan Re-insurance Limited, Premium Price Revised to Rs. 206 Per Share


    The Securities Exchange Board of Nepal (SEBON) has granted approval for the proposed initial public offering (IPO) of Himalayan Re-insurance Limited. This reinsurance company plans to issue 30,000,000 equity shares to the general public at a price of Rs. 206 per share, with a face value of Rs. 100 and a premium of Rs. 106 per share. This IPO issuance aims to raise a total of Rs. 6.18 Arba for the company. It’s noteworthy that the initial IPO price was set at Rs. 208 per share but has been revised to Rs. 206.

    The responsibility of managing this IPO issuance has been entrusted to NMB Capital Limited, and the application for SEBON’s approval was submitted on the 26th of Bhadra, 2080. Himalayan Re-insurance Limited is poised to become the second reinsurance company in Nepal to offer an IPO to the public.

    Himalayan Reinsurance, a pioneering private-sector reinsurance firm in Nepal, specializes in providing reinsurance support to both Life and Non-Life Insurance Companies, both within Nepal and internationally. The company obtained its operational license in 2021.

    The prominent promoters of Himalayan Reinsurance include leading business conglomerates in Nepal and significant financial institutions. Notable names among the promoters are Golchha Group, Shanker Group, Infinity Holdings, Lucky Group, Ramesh Corp, Shiv Shakti Group, Himalayan Infrastructure Fund Ltd., Shalimar Investment, Saffron CK Investments, Vaishnav Enterprises, Murarka Group, K L Dugar Group, M V Dugar Group, R H Group, M S Corp, IME Group, Prem Gurung and Group, Ashlesha Enterprises, Allied Continental, and Balaji Marbles. Additionally, two of Nepal’s prominent commercial banks, Nepal Bank Limited and Rastriya Banijya Bank Limited, are among the promoters.

    As of the end of the third quarter, Himalayan Reinsurance had a paid-up capital of Rs. 7 Arba and maintained reserves and a surplus of Rs. 38.58 crores. The company displayed significant growth in Net Premium, with a remarkable 612.61% increase, totaling Rs. 3.38 Arba up to the third quarter of the fiscal year 2079/80.

    ICRA Nepal has reaffirmed an issuer rating of [ICRANP-IR] A- (pronounced ICRA NP Issuer Rating A Minus) for Himalayan Reinsurance Limited. This rating indicates a reasonable level of safety regarding the timely servicing of financial obligations and suggests low credit risk associated with the company.

  • NIC Asia Laghubitta Bittiya Sanstha Limited Proposes 15% Cash Dividend for Fiscal Year 2079/80

    NIC Asia Laghubitta Bittiya Sanstha Limited Proposes 15% Cash Dividend for Fiscal Year 2079/80


    NIC Asia Laghubitta Bittiya Sanstha Limited (NICLBSL) has proposed a 15% cash dividend for the fiscal year 2079/80. In a recent board of directors meeting held on Kartik 01, the decision was made to distribute the entire dividend in cash. The company’s paid-up capital stands at Rs. 1.73 Arba, and this dividend payout amounts to a little over Rs. 26.09 Crores.

    It’s important to note that the distribution of this cash dividend is subject to approval by the central bank and endorsement by the company’s upcoming Annual General Meeting (AGM). As of the time of this announcement, NICLBSL’s Last Traded Price (LTP) is at Rs. 615.

    Comparatively, in the preceding fiscal year (2078/79), the company had disbursed a cash dividend of 14.75%. This proposed increase in the dividend percentage signals the company’s commitment to rewarding its shareholders, pending the necessary regulatory approvals and shareholder consensus at the upcoming AGM.

  • What upcoming IPO listing are you most excited about?

    What upcoming IPO listing are you most excited about?


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