Tag: ipo

  • Nesdo Sambridha Laghubitta Distributes 15% Cash Dividend and Encourages Shareholder Dematerialization

    Nesdo Sambridha Laghubitta Distributes 15% Cash Dividend and Encourages Shareholder Dematerialization


    Nesdo Sambridha Laghubitta Bittiya Sanstha Limited (NESDO) has taken the initiative to distribute a 15% cash dividend directly to the bank accounts of its shareholders and has encouraged them to convert their shares into dematerialized form.

    The company convened its 4th Annual General Meeting (AGM) for the fiscal year 2078/79 on the 26th of Ashwin, 2080. During this AGM, NESDO approved a 15% dividend, which includes applicable taxes, for the fiscal year 2078/79. The disbursement of this dividend into the bank accounts of shareholders commenced on the 29th of Ashwin, 2080.

    In addition to this, NESDO has made a specific request to its shareholders, particularly those who have not updated their bank information within the Demat account, to consider converting their shares into dematerialized form. This move aligns with modern financial practices and can streamline the dividend distribution process.

    Moreover, NESDO has outlined a requirement for eligible investors who have obtained loans against the company’s shares before the book closure date. To be eligible for dividend payment, these investors must provide a No Objection Letter from their respective lending institutions.

    By introducing these measures, NESDO is aiming to enhance the efficiency and transparency of its dividend distribution process while encouraging shareholders to modernize their shareholding by dematerializing their shares.

  • Dibyashwari Hydropower Company (DHPL) Proposes 200% Right Share Issue to Clear Loans

    Dibyashwari Hydropower Company (DHPL) Proposes 200% Right Share Issue to Clear Loans


    Dibyashwari Hydropower Company Limited (DHPL) has revised its proposal for issuing right shares, as decided during a Board of Directors (BOD) meeting held on Ashwin 29. The initial plan was to offer 1:1 or 100% right shares, announced on Ashad 10, 2080. However, the BOD meeting on Ashwin 29 decided to cancel the previous proposal and instead put forward a new plan to issue 1:2 or 200% right shares based on the current paid-up capital.

    DHPL has also specified its intention to invest 51% of the capital generated from the right issue into the Five Khapan Hydropower project. The company cites the need to clear outstanding loans acquired from banks as a primary reason for this decision.

    It’s important to note that the implementation of this decision is contingent on approval from the relevant regulatory authorities and subsequent endorsement at the upcoming Annual General Meeting (AGM) of the company.

    In terms of financial performance, DHPL reported a net loss of Rs 3.82 Crore while generating revenue of Rs 8.60 Crores from power sales. The company has a power generation capacity of 3.3 MW.

    As of the latest available data, DHPL’s stock closed at Rs. 142 in the previous trading session.

  • NEPSE Index Gains 0.71% in Trading Session with Notable Stock Movements

    NEPSE Index Gains 0.71% in Trading Session with Notable Stock Movements


    During the most recent trading session on the Nepal Stock Exchange (NEPSE), the NEPSE Index concluded at 1,864.62 points, marking a significant increase of 13.18 points or 0.71% when compared to the previous day’s closing figure. The index had experienced a notable loss of 23.16 points during the preceding trading session.

    The day’s trading began with the index opening at 1,851.18 points, subsequently reaching an intraday low of 1,851.03 points. However, it managed to climb to an intraday high of 1,884.67 points before the trading session ended.

    In the course of today’s trading activities, a total of 289 different stocks were traded through 45,456 transactions. The total volume of shares exchanged amounted to 3,813,233 units, resulting in a collective turnover of Rs. 1 Arba. The overall market capitalization was reported at Rs. 28.61 Kharba, and the float market capitalization stood at Rs. 10.03 Kharba.

    Hathway Investment Nepal Limited (HATHY) boasted the highest turnover for the day, with transactions totaling Rs. 4.62 crores, and it closed at a market price of Rs. 284.

    Furthermore, NIBL Pragati Fund (NIBLPF) exhibited the most substantial gain, with an impressive 7.35% increase, closely followed by Swet-Ganga Hydropower & Construction Limited (SGHC), which recorded a gain of 6.91%.

    On the flip side, Hathway Investment Nepal Limited (HATHY) experienced the most significant loss, falling by 8.53%.

    Regarding sector indices, three sectors concluded in the red, with the “Trading Index” showing the most substantial loss at 1.25%. Conversely, the “Finance Index” demonstrated the highest gain, recording a 1.30% increase.

  • “Nepal Rastra Bank’s Mid-September 2023 Financial Snapshot: Inflation, Forex Reserves, and Economic Indicators”

    “Nepal Rastra Bank’s Mid-September 2023 Financial Snapshot: Inflation, Forex Reserves, and Economic Indicators”


    Nepal Rastra Bank, the central bank of Nepal, has released an overview of the current macroeconomic and financial situation in Nepal, based on data from the first two months ending in mid-September 2023.

    Inflation and Forex Reserves:The central bank reported an estimated year-on-year inflation rate of 8.19%. Nepal’s gross foreign exchange reserves stood at $12.01 billion, while total imports and exports declined by 5.1%, leading to a 4.7% reduction in the trade deficit.

    Concessional Loans: As of mid-September 2023, concessional loans amounted to NPR 195.62 billion, benefiting 144,758 borrowers, with a significant portion directed toward commercial agriculture, livestock, and women entrepreneurs.

    Stock Market: The NEPSE index in mid-September 2023 reached 1964.9, compared to 1910.4 in the same period the previous year.

    Inflation: Consumer price inflation for the same period was 8.19%, down from 8.64% the previous year. Wholesale price inflation also decreased significantly to 4.78%.

    Imports and Exports: Merchandise exports saw a 7.8% decrease in the first two months of 2023/24, while imports decreased by 5.1%. Exports to India declined, but exports to China and other countries increased.

    Services and Remittance: Nepal experienced a deficit in net services income, while remittances increased by 22.1%.

    Inter-bank Transactions:Interbank transactions, including those among commercial banks and other financial institutions, have seen a substantial increase.

    Oil and Gold Prices:The international price of oil increased, while gold prices also rose.

    Foreign Exchange Reserves: Gross foreign exchange reserves showed growth, covering a substantial portion of imports and other financial indicators.

    Exchange Rate:The Nepalese currency depreciated slightly against the US dollar.

    Government Expenditure and Revenue: The government’s expenditure and revenue figures were reported, providing insights into the country’s financial activities.

    Banking and Credit: Domestic credit decreased slightly, and the monetary sector’s claims on the private sector increased by 1.7%.

    Interest Rates: Various banking sectors reported their average base rates, which showed some variations compared to the previous year.

    Balance of Payments: The Balance of Payments (BOP) reflected a surplus, contrasting with a deficit from the same period in the previous year.

    This comprehensive report offers a detailed insight into Nepal’s economic and financial landscape during the initial two months of the fiscal year 2023/24.

  • IPO Allotment for Mathillo Mailun Khola Jalvidhyut Oversubscribed by 10.83 Times

    IPO Allotment for Mathillo Mailun Khola Jalvidhyut Oversubscribed by 10.83 Times


    The IPO allotment for Mathillo Mailun Khola Jalvidhyut Limited is scheduled for this Friday, specifically on the 3rd of Kartik, 2080. The allotment process will take place at the premises of the issue manager, Sanima Capital, located in Kathmandu.

    Out of the total offering of 15,09,200 units, a portion of 1,50,000 units has been earmarked for Nepalese citizens working abroad, while another 75,000 units have been allocated for mutual funds. The remaining 12,84,200 units are set aside for the general public, with each unit valued at its par value of Rs 100.

    Data from the Central Depository and Clearing Company (CDSC) reveals that a staggering 12,51,183 applicants have applied for a total of 13,901,800 units, amounting to Rs. 1.39 Arba. Consequently, it’s evident that the offering has been significantly oversubscribed by a factor of 10.83 times up until the closing day.

    Analyzing these statistics, it becomes apparent that only 1,28,420 fortunate applicants will be granted ownership of shares in the company.

    CARE Ratings Nepal Limited (CRNL) has bestowed a rating of ‘CARE-NP BB-‘ upon Mathillo Mailun Khola Jalvidhyut Limited. This rating signifies that issuers with this rating are associated with a moderate level of risk regarding their ability to meet financial obligations punctually within the context of Nepal.

  • Maruti Cements AGM: FDI-Backed Company to Convert Preference Shares, Issue Premium IPO

    Maruti Cements AGM: FDI-Backed Company to Convert Preference Shares, Issue Premium IPO


    Maruti Cements Limited has officially announced its 29th Annual General Meeting (AGM), scheduled to be held on the 21st of Kartik, 2080, at the company’s headquarters in Biratnagar, commencing at 11:30 AM.

    A key focus of the AGM is the company’s proposal to distribute a 10% cash dividend, inclusive of applicable taxes, to its preferred shareholders. This dividend will be sourced from the profits and accumulated profits earned during the fiscal year 2079/080. Furthermore, the company is planning to grant bonus shares to its shareholders, as suggested by the Board of Directors, although the specific percentage is not mentioned in the notice.

    The AGM will also address the potential conversion of the company’s existing preference shares into ordinary shares, a proposal initiated by the board of directors. This conversion is subject to the profits and accumulated profits from the year 2079/80. At present, the company holds 30,00,000 (Thirty Lakh) Preference Shares, each valued at Rs 100.

    In addition to these matters, the company intends to offer rights to the paid-up capital once the bonus shares and preference share conversion processes are finalized. Subsequently, Maruti Cements Limited has expressed its intention to proceed with the issuance of an Initial Public Offering (IPO) at a premium.

    Maruti Cements Limited boasts an annual installed capacity of 0.456 million metric tons, contributing to a significant 3.042% of the national installed capacity. It’s noteworthy that Gravity Sales Pvt. Ltd., an Indian-based company, holds a substantial 21% stake in the company. The enterprise is under the management of industrialists and trading sectors in Nepal, with affiliations to the Rathi group and Goyal group of companies, and all shares are held by the promoters. Notably, Mr. Nand Kishore Rathi is the Chairman of the company and is well-regarded, with ties to NMB Bank and Kumari Bank.

  • IPO ra FPO xutta xuttai ho ki same ho ?

    IPO ra FPO xutta xuttai ho ki same ho ?


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    https://preview.redd.it/bbe08cmuskub1.png?width=1137&format=png&auto=webp&s=864d1773455930ec301cba2e115dfbd704779eec

    View on r/NepalStock by Ok_Construction_4840

  • Need Advice on Selling Prime Bank IPO Shares and Taxes on Bonus Shares

    Need Advice on Selling Prime Bank IPO Shares and Taxes on Bonus Shares


    I have a bit of a financial situation and could use some guidance. So, my father purchased IPO shares of Prime Bank a while back, and now I’m considering selling them. However, I have a question regarding the bonus shares we received and the potential tax implications. Can anyone shed some light on this?

    View on r/NepalStock by Responsible_Rip_OP

  • Reliance Finance Limited’s 6.84% Bonus Shares Listed on NEPSE Following AGM

    Reliance Finance Limited’s 6.84% Bonus Shares Listed on NEPSE Following AGM


    A total of 684,454.11 units of bonus shares issued by Reliance Finance Limited (RLFL) have been officially listed on the Nepal Stock Exchange (NEPSE).

    This action follows RLFL’s 13th Annual General Meeting, which took place on the 31st of Ashad, where shareholders approved a dividend payout of 6.84% for the fiscal year 2078/79. The decision to distribute this dividend was made during a board of directors meeting held on Jestha 26. The dividend is based on the paid-up capital of the company, which stands at Rs. 1.05 Arba. The dividend includes 6.5% in bonus shares, valued at slightly over Rs. 6.84 crores, as well as 0.34% in cash dividend, which also accounts for taxes, amounting to Rs. 36.02 lakhs.

    These bonus shares have now been officially listed and are available for trading on the NEPSE. In the most recent trading session, RLFL concluded at a price of Rs. 311 per share.

  • “Infinity Laghubitta Bittiya Sanstha Limited (ILBS) Initiates Auction of Promoter Shares”

    “Infinity Laghubitta Bittiya Sanstha Limited (ILBS) Initiates Auction of Promoter Shares”


    The current promoters of Infinity Laghubitta Bittiya Sanstha Limited (ILBS) have initiated an auction of 99,372 shares, making them available to both existing promoter shareholders and the general public or institutions. This auction commenced on the 26th of Ashwin, 2080. Interested parties, including individuals and promoter shareholders, have a 15-day window to place their bids. It is important to note that all bids must be submitted at ILBS’s central office located in Gaidakot, Nawalparasi. The last traded price (LTP) for ILBS as of now is Rs. 622.

    In addition to the aforementioned auction, ILBS’s promoters are also offering 66,962 shares exclusively for existing promoter shareholders. This auction, like the previous one, began on the 26th of Ashwin, 2080. Existing promoter shareholders who wish to participate in the auction have the opportunity to do so. However, if no bids are received from the existing founder shareholders during the specified timeframe, these shares will later become open for auction to the general public. Interested investors who fall into this category should ensure that their bids are submitted at ILBS’s central office in Gaidakot, Nawalparasi within 35 days from the date of the notice’s publication. As of September 25, 2023, ILBSP has an LTP of Rs. 380.

  • NEPSE Index Sees Substantial Weekly Loss with Notable Intraday Volatility

    NEPSE Index Sees Substantial Weekly Loss with Notable Intraday Volatility


    The NEPSE index concluded the week at a closing value of 1,874.60, marking a significant decline of 82.32 points, equivalent to 4.21%. In comparison, the index had finished at 1,956.92 the prior week, experiencing a loss of 2.36% from the week before.

    Throughout the current week, the NEPSE index displayed a range of fluctuations, reaching its peak at 1,963.80 and hitting its lowest point at 1,870.26. This translated to a considerable level of volatility, with a total range of 93.54 points. The previous week, in contrast, saw a lesser degree of volatility, with fluctuations amounting to 47.66 points.

    On the first trading day of the week, Sunday, the NEPSE index recorded its most substantial intraday loss, with a drop of 35.68 points. The total turnover for that day reached Rs 1.80 Arba. Nevertheless, the cumulative turnover for the entire week stood at a significantly higher figure of Rs 7.04 Arba.

  • Bulk ipo result checker app or website

    Bulk ipo result checker app or website


    Do anyone know about how can we check IPO results in bulk at a time ? like some code or something

    View on r/NepalStock by BellArtistic6144