Tag: Issue

  • 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.

  • 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.

  • Upper Tamakoshi Hydropower’s 100% Right Shares Issue Falls Short on Subscriptions

    Upper Tamakoshi Hydropower’s 100% Right Shares Issue Falls Short on Subscriptions


    Upper Tamakoshi Hydropower Company’s attempt to issue 100% right shares didn’t get full support from its shareholders. The company aimed to boost its paid-up capital through this offering.

    They offered existing shareholders a 1:1 ratio of right shares, each valued at Rs. 100. Shareholders could subscribe from the 18th of Bhadra to the 22nd of Ashwin, 2080. A total of 105,900,000 right shares, worth Rs. 10.59 Arba, were available. If successful, this would have increased the company’s paid-up capital to Rs. 21.18 Arba.

     

  • Closing Today: Public Issue of 10% Citizens Bank Debenture 2090

    Closing Today: Public Issue of 10% Citizens Bank Debenture 2090


    Citizens Bank International Limited (CZBIL) is concluding the issuance of 30,00,000 units of “10% Citizens Bank Debenture 2090” to the general public and institutions today, which is the 22nd Ashwin, 2080.

    These debentures come with a 10-year maturity period and offer a 10% coupon rate. The application period for these debentures opened on the 17th Ashwin, 2080.

    Out of the total 30 lakh units being issued, 60% or 18 lakh units are allocated for private placement, while the remaining 12 lakh units valued at Rs. 1.2 Arba are available for public subscription. Additionally, 5% of these units are reserved for mutual funds. This issuance is expected to generate a total of Rs. 3 Arba.

     

  • Deadline Extended for ‘10% Citizens Bank Debenture 2090’ to Kartik 01

    Deadline Extended for ‘10% Citizens Bank Debenture 2090’ to Kartik 01


    Citizens Bank International Limited (CZBIL) has decided to extend the deadline for the issuance of 30,00,000 units of their “10% Citizens Bank Debenture 2090” to the general public and institutions until the 1st of Kartik, 2080.

    These debentures have a maturity period of 10 years and offer a 10% coupon rate. The application period for these debentures started on the 17th of Ashwin, 2080.

    A total of 30 lakh units are being issued at a par value of Rs. 1000 per unit. Out of these, 60% (18 lakh units) are being subscribed through private placement, while the remaining 12 lakh units, valued at Rs. 1.2 Arba, are available for public subscription. Additionally, 5% of this public issue is reserved for mutual funds. This issuance is expected to raise a total of Rs. 3 Arba.

     

  • 10% Citizens Bank Debenture 2090 Public Issue Now Open

    10% Citizens Bank Debenture 2090 Public Issue Now Open


     

    Introducing a lucrative investment opportunity with a total of 30 lakh units on offer at a par value of Rs. 1000 per unit. This unique offering includes a private placement portion comprising 60% of the total units, totaling 18 lakh units, and a public issue segment with 12 lakh units, valued at Rs. 1.2 Arba. Additionally, 5% of the public issue allocation is reserved for mutual funds. The issuance, expertly managed by Himalayan Capital Limited, is set to raise a substantial Rs. 3 Arba in total funds. Investors can participate by applying for a minimum of 25 units, up to the maximum limit of all available units, presenting an enticing opportunity to diversify portfolios and potentially reap significant returns. Don’t miss your chance to be part of this exciting venture.

     

  • Deadline Extended for 97.32 Lakh IPO Shares of Sonapur Minerals and Oil as Issue Garners 1.05 Times Oversubscription

    Deadline Extended for 97.32 Lakh IPO Shares of Sonapur Minerals and Oil as Issue Garners 1.05 Times Oversubscription


    Sonapur Minerals and Oil Limited is extending a golden opportunity for investors by extending the deadline for its IPO shares issuance until the 28th of Ashwin, 2080. This IPO, which initially opened on the 14th of Ashwin, garnered tremendous interest, prompting the company to prolong the offering. Notably, Sonapur Minerals and Oil Limited had already allocated 15,37,525 unit shares to project-affected locals in Dang and Rolpa District, with 1,34,520 units assigned to eligible applicants. With the remaining 14,03,005 units now added to the pool, alongside 1,07,62,675 units (equivalent to 35% of the issued capital) reserved for the general public, a total of 12,165,680 units are up for grabs. This presents an exciting opportunity for potential investors to become part of a promising venture and secure their stake in Sonapur Minerals and Oil Limited.

     

  • Any resources on eligibility criteria for a company to issue an IPO in Nepal?

    Any resources on eligibility criteria for a company to issue an IPO in Nepal?


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    View on r/NepalStock by dazedandconsfeud

  • Chirkhwa Hydropower’s 859,300 IPO Shares Open to General Public on Ashwin 23

    Chirkhwa Hydropower’s 859,300 IPO Shares Open to General Public on Ashwin 23


    Chirkhwa Hydro Power Limited is set to release 859,300 IPO shares with a face value of Rs. 100 starting on the 23rd of Ashwin, 2080. The IPO offer will close on the 26th of Ashwin, and if it isn’t fully subscribed, it can be extended until the 3rd of Kartik, 2080.

    Previously, the company allocated 400,000 shares to locals affected by the project in Bhojpur District, but only 204,700 shares were distributed to eligible applicants. Consequently, the remaining 195,300 shares from these project-affected locals are combined with 800,000 shares (reserved for the general public, which is 20% of the total issued capital) to create a total of 995,300 shares available for the general public.

     

  • Unable to calculate my holdings for NICLBSL in meroshare. Anyone facing such issue?

    Unable to calculate my holdings for NICLBSL in meroshare. Anyone facing such issue?


    I am not able to calculate holdings for any scrips.

    View post on imgur.com

    All scrips are free and not frozen.

    View on r/NepalStock by roshamns

  • Securities Board Approves Citizens Bank’s 10% Bond Offering for 2080

    Securities Board Approves Citizens Bank’s 10% Bond Offering for 2080


    The Securities Board of Nepal has granted approval to Citizens Bank International Limited’s ‘10% Citizens Bank Bond 2080.’ This regulatory clearance was given on the 29th of Bhadra, 2080.

    The ‘10% Citizens Bank Bond 2080’ offering consists of a total of 30 lakh units, with each unit having a par value of Rs. 1,000. Out of the overall issuance, 12 lakh units are designated for the general public, while the remaining 18 lakh units will be made available through private placement.

    Himalayan Capital Limited has been selected to serve as the issue manager for this bond offering.

    As the name implies, the ‘10% Citizens Bank Bond 2080’ comes with a maturity period of 10 years, set to reach maturity in the year 2090 BS. Investors holding these debentures can anticipate an annual return of 10% on their investment.