Why are a lot of companies issuing premium IPOs? Even if they aren’t listed in NEPSE yet. Please educate me.
​
View on r/NepalStock by Iniestinha
Tag: ipo
-
need some ipo Advice / suggestions
Mid solu hydropower apply garda hunxa ki pardaina ? just a beginner, need advice kasto kasto company ma apply garne, kasto ma nagarne ?
View on r/NepalStock by Mirrorefection
-
“IPO Shares of Upper Lohore Khola Hydropower Listed on NEPSE with Opening Ranges”
The Upper Lohore Khola Hydropower Company Limited has successfully listed 50,98,040 units of its IPO shares on the Nepal Stock Exchange (NEPSE). This figure includes shares held by the company’s promoters as well as shares issued to the general public and project-affected locals.
For the first trading day, the IPO shares will be available in a price range of Rs. 97.87 to Rs. 293.61. If the company enters into an agreement with NEPSE, these shares will become tradable in the secondary market on the following day.
Out of the total shares offered, which are valued at Rs. 50.98 Crore, 19,53,279 units worth Rs. 19.53 Crores were made available to the general public during the IPO period, which ran from the 18th to the 22nd of Shrawan in the year 2080.
-
“Citizens Bank’s 17th AGM on Ashoj 26 to Approve 5.79% Cash Dividend”
Citizens Bank has announced that its 17th Annual General Meeting (AGM) for the fiscal year 2079-80 will take place on Ashoj 26, 2080. During this meeting, the bank plans to approve a cash dividend of 5.79%, equivalent to Rs 82.21 crore, for its shareholders. This dividend comes from the profits earned in the previous fiscal year, as mentioned in their official statement. Currently, the bank operates 188 branches, 148 ATM locations, and 97 branchless banking units within its network.
-
“Manakamana Engineering Hydropower IPO Shares Listed on NEPSE: Opening Ranges”
Manakamana Engineering Hydropower (MEHL) has recently listed 8 million IPO shares on the Nepal Stock Exchange (NEPSE). This includes shares held by promoters, those issued to the general public, and project-affected locals. The shares can be traded in the secondary market if MEHL signs an agreement with NEPSE. Of the total 80 million shares valued at Rs. 80 crores, 2.28 million shares worth Rs. 22.76 crores were offered to the general public during the IPO period from the 28th to the 31st of Shrawan in 2080.
-
Upper Tamakoshi Hydropower Limited has made the decision to extend the deadline for its rights offering
Upper Tamakoshi Hydropower Limited has made the decision to extend the deadline for its rights offering. The company originally initiated its rights offering on the 18th of Bhadra, 2080, with the intention of closing the offering on the 7th of Ashwin. However, as per an official notice, the rights offering period has been extended, and it will now conclude on the 22nd of Ashwin, 2080.
This rights offering involves Upper Tamakoshi Hydropower issuing 100% right shares, totaling Rs. 10.59 Arba, through the issuance of 105,900,000 units of right shares to its existing shareholders. Following the adjustment for the proposed right shares, the company’s paid-up capital will see a substantial increase, reaching Rs. 21.18 Arba.
Sunrise Capital Limited has been appointed as the issue manager responsible for overseeing this rights issue, ensuring its smooth execution and adherence to regulatory procedures.
The book closure date for this rights offering had initially been set for the 26th of Shrawan, 2080. Consequently, shareholders who have maintained their holdings until this specified date will be considered eligible to participate in the rights offering, allowing them the opportunity to subscribe to additional shares in the company.
-
USLB Promoter Shares Auction Open to General Public and Institutions
The existing promoters of Unnati Sahakarya Laghubitta Bittiya Sanstha (USLB) Limited have initiated an auction process for 4,960 units of shares. This auction is open to interested promoter shareholders, as well as the general public and institutions, and it will run from the 5th Ashwin to the 14th Ashwin, 2080.
The auction specifically involves 4,960 units of promoter shares of USLB, and eligible participants, including promoter shareholders, the general public, and institutions, can submit their bids. The minimum bid rate for these shares has been set at Rs. 500 per unit, with a requirement that the minimum bid quantity for promoter shares must be 4,960 units.
The auction management responsibilities are being handled by NIMB Ace Capital, and the opening of bids is scheduled to take place at the premises of the auction manager on the 15th of Ashoj, 2080, at 3 PM.
As of the current status, USLB has a Last Traded Price (LTP) of Rs. 708, which is relevant information for potential investors considering participation in the auction. This auction provides an opportunity for interested parties to acquire USLB promoter shares at the specified terms and conditions.
-
NIC Asia Bank Announces Book Closure and AGM for 30.5% Dividend Distribution
NIC Asia Bank Limited (NICA) has announced important dates and details regarding its upcoming Annual General Meeting (AGM) and dividend distribution. The bank has set the book closure date for its 30.5% dividend from Ashwin 16 to Ashwin 28. Additionally, NICA has scheduled its 26th AGM for the 28th of Ashwin, 2080, to be conducted at the Army Officer’s Club in Sundhara, Kathmandu, commencing at 9 AM.
One of the primary agendas of this AGM is to seek approval for a 30.5% dividend for the fiscal year 2079/80. This dividend distribution plan includes the issuance of 29% bonus shares and a 1.5% cash dividend, all derived from the bank’s paid-up capital of Rs. 11.56 Arba. Consequently, the bonus shares are valued at Rs. 3.35 Arba, while the cash dividends amount to Rs 17.35 Crores.
To be eligible for the dividend payout and participation in the AGM, shareholders must be in possession of shares maintained in their name until the 15th of Ashwin. This ensures that those who have held shares up to this specified date are entitled to the proposed dividends and can exercise their voting rights at the upcoming AGM.
-
NEPSE Index Records 1.13% Gain in 4-Day Trading Week with Increased Volatility
During the past week, the Nepal Stock Exchange (NEPSE) experienced four days of trading activity due to a holiday on Wednesday. The week concluded with the NEPSE index closing at 2,029.78 points, reflecting a gain of 22.72 points, which translates to a 1.13% increase. In comparison, the previous week had seen the index closing at 2,007.06 points, marking a significant gain of 3.86% from the week prior.
Throughout the trading week, the NEPSE index displayed fluctuations, reaching a high of 2,040.03 points and a low of 1,953.15 points. This level of volatility amounted to a substantial 86.88 points. In the preceding week, the index had witnessed slightly lower volatility, with fluctuations of 73.94 points.
Thursday stood out as the day with the highest intraday loss during the week, recording a drop of 44.35 points, and the day saw a turnover of Rs 3.29 Arba. However, when considering the entire week, the total turnover amounted to a more substantial Rs 7.37 Arba, indicating active trading and investment activities in the market.
In summary, the NEPSE index demonstrated fluctuations during the four trading days of the week, with a net gain of 22.72 points. This performance follows a notable gain from the previous week, signifying ongoing activity and investor sentiment in the market.
-
Siddhartha Capital’s 12th AGM: Financial Reports, Dividend, and Auditor Appointment on Agenda
Siddhartha Capital Limited (SIDCL) has announced its 12th Annual General Meeting (AGM), scheduled for the 25th of Ashwin, 2080 (October 12, 2023). The meeting will convene at Siddhartha Capital’s headquarters in Naxal, Kathmandu, commencing at 4 pm on that day.
The AGM will address several key agendas, including the endorsement of financial reports for the fiscal year 2079/80. Additionally, the meeting will seek approval for the auditor’s report, which encompasses Profit and Loss (PL) statements, financial reports, and cash flow reports for the same fiscal year. Furthermore, the appointment of an auditor for the upcoming fiscal year 2080/81 will be presented for endorsement.
One of the significant matters to be discussed and approved during the AGM is the declaration of a 25% cash dividend, which includes taxes and amounts to a total of Rs. 5 crores. This dividend distribution represents an important decision that will impact the company’s shareholders.
-
NICA Promoters Auction 500,000 Shares to General Public and Institutions
The current promoters of NIC Asia Bank Limited (NICA) have initiated an auction process for the sale of 500,000 units of their promoter shares. This auction is open to interested promoter shareholders as well as the general public and institutions. The auction period runs from the 4th Ashwin to the 10th Ashwin of the year 2080.
During this auction, a total of 500,000 promoter shares of NICA will be made available. Interested parties, including eligible promoter shareholders, have the opportunity to submit bids. The minimum bid rate for these shares is set at Rs. 360 per unit, and the minimum bid quantity for promoter shares is 1,000 units.
To manage the auction process, NIMB Ace Capital has been appointed as the designated auction manager. Bidding will officially commence at the auction manager’s premises on the 12th Ashoj of the year 2080 at 2 PM.
As of the time of this update, NICA’s Last Traded Price (LTP) stands at Rs. 805 per share. This auction provides an opportunity for interested parties to acquire promoter shares in NICA and potentially participate in the bank’s ownership.