Tag: Kartik

  • Sunrise Capital’s Mutual Funds Report Declines in NAV for Kartik

    Sunrise Capital’s Mutual Funds Report Declines in NAV for Kartik


    Sunrise First Mutual Fund (SFMF) has disclosed its monthly Net Asset Value (NAV) report for Kartik, indicating a NAV of Rs. 10.62, a slight decrease from the previous month’s Rs. 10.70. The closed-end fund, with a 10-year maturity, began with Rs. 86 crores and has invested in listed shares, bonds, debentures, public issues, rights issues, bonus shares, and fixed deposits. SFMF’s bank balance is reported at Rs. 8.37 crores, and it recorded a net loss of Rs. 95.26 lakhs in Kartik, compared to a net loss of Rs. 27.24 lakhs in the previous month.

    Similarly, Sunrise Focused Equity Fund (SFEF), another closed-end fund with a 10-year maturity, shared its monthly NAV report for Kartik, revealing a NAV of Rs. 9.63, slightly lower than the previous month’s Rs. 9.65. With a fund size of Rs. 1 Arba, SFEF invested in listed shares, public issues, and fixed deposits. The fund’s bank balance is reported at Rs. 21.54 crores, and it incurred a net loss of Rs. 5.10 crores in Kartik, compared to Rs. 4.81 crores in the previous month.

    Sunrise Capital Limited also released the NAV report for “Sunrise Bluechip Fund (SBCF),” which commenced with a fund size of Rs. 1.25 Arba. SBCF reported a NAV of Rs. 9.26 for Kartik, slightly down from the previous month’s Rs. 9.33. The fund invested in listed shares, debentures, public issues, and fixed deposits, with a bank balance of Rs. 14.13 crores. SBCF recorded a net loss of Rs. 20.79 crores in Kartik, compared to Rs. 19.90 crores in the previous month.

     

  • NLBBL Initiates Auction of Promoter Shares to Existing Shareholders with Minimum Bid Rate of Rs. 350

    NLBBL Initiates Auction of Promoter Shares to Existing Shareholders with Minimum Bid Rate of Rs. 350


    Nerude Laghubitta Bittiya Sanstha Limited (NLBBL) has initiated the auction of 26,665 shares of promoter stock to existing promoter shareholders. Interested parties are invited to submit their bids for this auction within 35 days from the publication date of the notice, which is the 21st of Kartik, 2080. The minimum bid rate for participation in the auction is set at Rs. 350. Bidders are required to send their offers to the company’s head office located in RBB Merchant Banking Limited, Teku, Kathmandu. If no bids are received from the current founder shareholders within the specified timeframe, these shares will subsequently be made available for public auction. As of the most recent data available, NLBBL closed at Rs. 517.10.

    In a separate notice, Kumari Bank Limited (KBL) has announced the auction of 1,438 units of shares to the general public. Lal Bahadur Dhane, a KBL promoter, is facilitating the sale of these promoter shares to interested individuals in the general public. Similar to the NLBBL auction, potential investors are urged to submit their bids within 35 days from the publication date, which is the 21st of Kartik. Bids should be submitted at the company’s central office located at Kumari Capital Limited in Kathmandu. In the event that no offers are received from existing founder shareholders within the stipulated timeframe, these shares will become available for public auction. As of the most recent data available, KBL closed at Rs. 151.90, with KBLPO having an LTP (Last Traded Price) of Rs. 101 as of the 18th of October, 2023.

  • Kumari Bank Successfully Concludes Allotment for 10% Debenture 2090 Issue

    Kumari Bank Successfully Concludes Allotment for 10% Debenture 2090 Issue


    Kumari Bank Limited (KBL) has successfully completed the allotment process for its recent “10% KBL Debenture 2090” offering on the 19th of Kartik, 2080. The subscription window for this debenture opened on the 2nd of Kartik and concluded on the 13th of Kartik, 2080.

    A total of 50 lakh units of these debentures were made available, each having a par value of Rs. 1,000. Notably, 60% of the total units, equivalent to 30 lakh units, were allocated through a private placement arrangement, while the remaining 40%, or 20 lakh units with a total value of Rs. 2 Arba, was opened up for the general public to subscribe.

    This debenture offering is expected to generate a total of Rs. 5 Arba in funds for the bank. The “10% KBL Debenture 2090” is named after its key features, featuring a maturity period of 10 years and a fixed coupon rate of 10%.

    Nabil Investment Banking Limited took on the role of the issue manager for this debenture offering, overseeing the various aspects of the issuance process.

  • Auction of 100,000 Kumari Bank Limited Promoter Shares Commences for Existing Shareholders

    Auction of 100,000 Kumari Bank Limited Promoter Shares Commences for Existing Shareholders


    The current owner of Kumari Bank Limited (KBL) is initiating an auction for the sale of 100,000 units of shares exclusively to its existing promoter shareholders. Durga Prasad Pandey, a promoter of KBL, is the seller, and he is offering these 100,000 promoter shares for auction. Interested parties are invited to participate in this auction, and they have a 35-day window from the date of this notice’s publication, which falls on the 17th of Kartik.

    To participate, prospective investors must submit their bids at either of the following locations: the company’s central office situated at Kumari Capital Limited, located in Kathmandu-01, Naxal, Nagpokhari, or at Kumari Bank Limited itself. If no bids are received from the existing founder shareholders within the specified 35-day timeframe, the shares will be made available for auction to the general public at a later date.

    As of the most recent data available, Kumari Bank Limited (KBL) concluded trading at a share price of Rs. 155 on the previous trading day. In contrast, Kumari Bank Limited’s promoter shares (KBLPO) had a last traded price (LTP) of Rs. 101 on the 18th of October, 2023.

  • Nabil Equity Fund (NEF) Nearing Maturity with Consistent Dividends for Investors

    Nabil Equity Fund (NEF) Nearing Maturity with Consistent Dividends for Investors


    Nabil Equity Fund (NEF), a closed-end mutual fund with a 7-year duration and a total size of Rs. 1.25 Arba, is set to reach its maturity date on the 18th of Kartik, 2080. This fund is managed by Nabil Investment Banking Limited, with Nabil Bank Limited serving as the fund’s sponsor. Notably, the fund has consistently provided dividends to its investors over the past three fiscal years.

    Upon reaching the end of its maturity period, the trading of shares of this mutual fund will be halted, and investors will receive their share of the investment after the mutual fund sells off all its holdings. This includes shares, debentures, and non-listed shares, and the proceeds will be distributed proportionally among the unit holders. As of Ashwin, the latest Net Asset Value (NAV) of the fund stands at Rs. 10.33.

    On the 1st of November, the last traded price of the mutual fund was recorded at Rs. 9.90. This marks the final price at which the fund’s units were traded before its impending maturity.

  • Himalayan Reinsurance Announces IPO for Nepalese Citizens Abroad, Aiming to Raise Rs. 61.8 Crores

    Himalayan Reinsurance Announces IPO for Nepalese Citizens Abroad, Aiming to Raise Rs. 61.8 Crores


    Himalayan Reinsurance Limited has announced its plans to issue an Initial Public Offering (IPO) aimed at Nepalese citizens working abroad. The company intends to offer 30,00,000 unit shares, and the subscription period will be open from the 21st Kartik, concluding on the 5th Mangsir in the year 2080.

    The total issued capital of the company stands at Rs. 10 Arba, out of which 30%, equivalent to 3,00,00,000 unit shares, will be made available to the public, including Nepalese citizens working abroad and the general public. Of this total issuance, 10% or 30,00,000 unit shares are specifically reserved for Nepalese citizens working abroad, with their subscription period commencing on the 21st Kartik.

    Additionally, 2% of the offered shares, totaling 600,000 units, have been set aside for the company’s employees, while 5% or 15,00,000 units have been allocated for mutual funds. The remaining 2,49,00,000 units will be made accessible to the general public at a later date.

    The shares are set to be issued at a price of Rs. 206 per share, which includes a premium of Rs. 106 per share on top of the Rs. 100 face value. This IPO offering is expected to raise Rs. 61.8 crores for the company.

    NMB Capital Limited has been appointed as the issue manager for this IPO. Investors can apply for a minimum of 10 units and have the opportunity to subscribe to a maximum of 300,000 units.

    Himalayan Reinsurance is the second reinsurance company in Nepal to issue an IPO. As a pioneering private-sector reinsurance firm, it specializes in providing reinsurance support to both Life and Non-Life Insurance Companies within Nepal and on an international scale. The company received its operational license in 2021.

    Prominent promoters of Himalayan Reinsurance include leading business conglomerates in Nepal and significant financial institutions, such as Golchha Group, Shanker Group, Infinity Holdings, and others, along with two major government-owned banks: Nepal Bank Limited and Rastriya Banijya Bank Limited.

    ICRA Nepal has reaffirmed Himalayan Reinsurance Limited with an issuer rating of [ICRANP-IR] A-. This rating reflects a reasonable degree of safety concerning the timely fulfillment of financial obligations, signifying low credit risk for investors.

  • 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.

  • 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.

  • 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.

  • 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.

     

  • IPO Shares by Nepal Warehousing Company for Nepalese Employed Abroad from Kartik 10

    IPO Shares by Nepal Warehousing Company for Nepalese Employed Abroad from Kartik 10


    Nepal Warehousing Company Limited (NWCL) presents a golden opportunity for Nepalese citizens working abroad with its Initial Public Offering (IPO). The IPO for overseas Nepalese citizens opens from the 10th to the 24th of Kartik, 2080, with no extension beyond the closing date. NWCL’s total issued capital stands at Rs. 68.75 Crores, and 20% of it, equivalent to 13,75,000 unit shares valued at Rs. 13.75 Crores, will be made available to the general public. Specifically, 10% of these shares, totaling 1,37,500 units, have been exclusively reserved for Nepalese citizens working abroad. Don’t miss this chance to invest in NWCL and be part of its exciting growth journey. Secure your shares today!

     

  • Sanima Mai Hydropower Proposes 10.52% Dividend for FY 2079/80; AGM on Kartik 23

    Sanima Mai Hydropower Proposes 10.52% Dividend for FY 2079/80; AGM on Kartik 23


     

    Sanima Mai Hydropower Limited (SHPC) has recommended a dividend of 10.5263% for the fiscal year 2079/80. They have also scheduled their 12th Annual General Meeting for November 6, 2023 (Kartik 23, 2080).

    In a board meeting held on October 1, 2023 (Ashwin 15, 2080), the company decided to distribute this dividend, consisting of 0.5263% in cash and 10% in bonus shares, based on their paid-up capital of Rs. 3.08 Arba. This translates to bonus shares worth Rs. 30.89 Crores and cash dividends totaling Rs. 1.62 Crores, which includes taxes related to the bonus shares.