Tag: Kumari

  • Kumari Bank Limited Auctions Promoter Shares of Sagarmatha Lumbini Insurance Company Limited: Opportunity for Investors

    Kumari Bank Limited Auctions Promoter Shares of Sagarmatha Lumbini Insurance Company Limited: Opportunity for Investors


    Kumari Bank Limited (KBL) has initiated the auction of promoter shares of Sagarmatha Lumbini Insurance Company Limited (SALICO), commencing from today, 28th Chaitra, until 1st Jestha, 2080. This auction presents an opportunity for investors to acquire shares in SALICO, a prominent insurance company in Nepal.

    A total of 1,14,612 unit promoter shares of SALICO are being auctioned, with promoter shareholders eligible to participate in the bidding process. The minimum bid rate for SALICO’s auction is set at Rs. 275, with a minimum bid quantity of 1,000 units for promoter shares. While bidders have the option to bid for the entire issue, they must adhere to the regulations set by the Nepal Rastra Bank, ensuring that the specified quantity of shares per entity is not exceeded.

    The auction is managed by Kumari Capital, providing a transparent and efficient platform for investors to participate. As of the latest update, SALICO’s Last Traded Price (LTP) stands at Rs. 667.00, indicating the current market value of the company’s shares.

  • Allotment Concluded for Kumari Sabal Yojana: 29,134 Valid Applicants Successfully Allocated Units

    Allotment Concluded for Kumari Sabal Yojana: 29,134 Valid Applicants Successfully Allocated Units


    Kumari Capital Limited recently launched its latest closed-end mutual fund, the “Kumari Sabal Yojana,” with a total value of Rs 1 Arba. The subscription period for this fund began on the 28th of Magh and concluded on the 13th of Falgun, 2080. The allotment process, conducted at Kumari Capital’s premises in Naxal, was finalized on the 16th of Falgun at 10 AM.

    Out of the total 10 crore unit shares, the scheme manager Kumari Capital Limited was allocated 10 lakh units worth Rs. 1 crore, while the fund sponsor Kumari Bank Limited received 1.4 crore units, representing 14% and valued at Rs. 14 crore. The remaining 8.5 crore units, amounting to Rs 85 crore, were issued to the general public.

    According to Kumari Capital, they received a total of 29,160 applications, and after careful scrutiny, 29,134 valid applicants were successfully allotted the issued units. Unfortunately, 26 applications were rejected due to the identification of duplicate submissions during the verification process.

    For those whose applications were rejected, the fund manager emphasizes the importance of adhering to application guidelines in future investment opportunities to ensure a smooth and successful process.

    Currently managing two closed-end funds, Kumari Equity Fund (KEF), and Kumari Dhanabriddhi Yojana (KDBY), along with one open-end fund, Kumari Sunaulo Lagani Yojana (KSLY), Kumari Capital Limited strengthens its diverse portfolio in the market with the successful introduction of the “Kumari Sabal Yojana.”

     

  • Promoter Shares Auction Today: Kumari Bank Limited & Gurkhas Finance Limited

    Promoter Shares Auction Today: Kumari Bank Limited & Gurkhas Finance Limited


    The current promoter of Kumari Bank Limited (KBL) is offering 97,847 units of shares for auction to existing promoter shareholders starting today. Srijana Sharma is planning to sell these shares to eligible shareholders. Interested parties are invited to submit their bids for the auction within 35 days from the date of this notice, which is the 13th of Falgun.

     

  • Promoters Auction Shares: Prabhu Bank (PRVU) and Kumari Bank (KBL) Initiatives for Existing Shareholders

    Promoters Auction Shares: Prabhu Bank (PRVU) and Kumari Bank (KBL) Initiatives for Existing Shareholders


    The current promoters of Prabhu Bank Limited (PRVU) have initiated the auctioning of 7,53,892 unit shares exclusively to its existing promoter shareholders, starting today. Eligible shareholders are invited to participate in the bidding process within 35 days from the publication date of this notice, which is the 11th of Falgun. Bids should be submitted at the central office of the bank situated in Babarmahal, Kathmandu. The closing price of PRVU on the previous day was Rs. 149.40.

    Auction Notice for Kumari Bank Limited (KBL):

    The existing promoter of Kumari Bank Limited (KBL), Ram Kumari Paudel, is putting up 4,115 units of shares for auction to fellow promoter shareholders, effective immediately. Eligible shareholders are urged to submit their bids within 35 days from the publication date of this notice, which is the 11th of Falgun. Bids can be submitted at the central office of the bank in Tangal, Kathmandu, or at Kumari Capital Limited located in Naxal, Nagpokhari, Kathmandu. In the event that no bids are received from existing founder shareholders within the specified timeframe, the shares will be opened for auction to the general public. The closing price of KBL on the previous day was Rs. 145, while KBLPO has a Last Traded Price (LTP) of Rs. 106.00 as of 21st February 2024.

  • Kumari Bank Introduces ‘Kumari Sabal Yojana’: 8.5 Crore Units Mutual Fund Scheme for Public Subscription from 28th

    Kumari Bank Introduces ‘Kumari Sabal Yojana’: 8.5 Crore Units Mutual Fund Scheme for Public Subscription from 28th


     

    Embarking on a new investment avenue, Kumari Capital Limited introduces the closed-end mutual fund scheme, “Kumari Sabal Yojana,” through its recently published offer letter. Opening on the 28th of Magh and closing on the 2nd of Falgun, 2080, this opportunity presents investors with a chance to subscribe to 8.5 crore units, collectively valued at Rs. 85 crore. Notably, a total of 10 crore units are on offer, with 1% reserved for the scheme manager, Kumari Capital Limited, and 14% allocated to the fund sponsor, Kumari Bank Limited. In the event of undersubscription by the early closing date, the offering can extend until the 13th Falgun, providing potential investors with an extended window to seize this investment opportunity in “Kumari Sabal Yojana.”

  • All three mutual fund schemes managed by Kumari Capital have recorded an uptick in Net Asset Value (NAV) as of the end of the month of Mangsir.

    All three mutual fund schemes managed by Kumari Capital have recorded an uptick in Net Asset Value (NAV) as of the end of the month of Mangsir.


    Kumari Capital Limited has released the NAV reports for Kumari Equity Fund (KEF), Kumari Dhanabriddhi Yojana (KDBY), and Kumari Sunaulo Lagani Yojana (KSLY) for the month of Mangsir, 2080.

    1. Kumari Equity Fund (KEF):
      • Fund Size: Rs. 1 Arba
      • NAV: Rs. 9.99 (Mangsir) | Rs. 9.41 (Previous Month)
      • Investments: Rs. 73.65 crore in listed shares, Rs. 3.14 crore in public issues, right shares, and bonus shares
      • Other Holdings: Rs. 15.87 crores in bonds/debentures, Rs. 2 crores in fixed deposits
      • Bank Balance: Rs. 4.09 crore
      • Net Loss: Rs. 35.95 lakhs (Mangsir) | Rs. 6.14 crores (Previous Month)
    2. Kumari Dhanabriddhi Yojana (KDBY):
      • Fund Size: Rs. 1.22 Arba
      • NAV: Rs. 10.52 (Mangsir) | Rs. 9.93 (Previous Month)
      • Investments: Rs. 83.91 crore in listed shares, Rs. 3.66 crore in public issues
      • Other Holdings: Rs. 18 crore in fixed deposits
      • Bank Balance: Rs. 10.65 crores
      • Net Loss: Rs. 2.47 (Mangsir) | Rs. 7.24 crores (Previous Month)
    3. Kumari Sunaulo Lagani Yojana (KSLY):
      • Fund Size: Rs. 36.62 Crores
      • NAV: Rs. 10.67 (Mangsir) | Rs. 10.07 (Previous Month)
      • Investments: Rs. 27.47 crore in listed shares, Rs. 1.33 Crores in public issues
      • Bank Balance: Rs. 5.67 crores
      • Net Profit: Rs. 8.79 Lakh (Mangsir) | Net Loss of Rs. 2.13 crores (Previous Month)
  • Kumari Bank Limited Initiates Promoter Share Auction: Exclusive Opportunity for Existing Shareholders

    Kumari Bank Limited Initiates Promoter Share Auction: Exclusive Opportunity for Existing Shareholders


    The current promoters of Kumari Bank Limited (KBL) have initiated an auction for the sale of 3,40,016 units of shares exclusively to the existing promoter shareholders. The sellers include Srijana Paneru Neupane, who plans to sell 3,33,702 units, Hari Bahadur Thapa with an intention to sell 1,050 units, and Tarka Bahadur Budhathoki aiming to sell 5,264 units of promoter shares. Prospective buyers are invited to submit their bids within 35 days from the date of this notice’s publication, which is December 12th, 2023.

    Interested shareholders are required to place their bids at the central office of Kumari Bank Limited, situated in Naxal, Kathmandu. If there are no bids received from the existing founder shareholders within the specified time frame, the shares will subsequently be made available for auction to the general public.

    As of December 27th, 2023, Kumari Bank Limited (KBL) concluded trading at a closing price of Rs. 160.90. Additionally, the Kumari Bank Limited Promoter Share (KBLPO) recorded a Last Traded Price (LTP) of Rs. 108.00 as of December 20th, 2023.

  • Kumari Bank Initiates Auction of 22,000 Promoter Shares: Exclusive Opportunity for Existing Promoter Shareholders

    Kumari Bank Initiates Auction of 22,000 Promoter Shares: Exclusive Opportunity for Existing Promoter Shareholders


    The current promoter of Kumari Bank Limited (KBL) has initiated the auction of 22,000 units of shares, exclusively available to interested existing promoter shareholders starting today. Nagendra Prasad Bimali aims to sell these units to current promoter shareholders, and interested parties are invited to participate in the auction within 35 days from the publication date of this notice, which is the 19th of Mangsir.

    Individuals looking to participate in the auction should submit their bids either at the central office of the bank in Tangal, Kathmandu, or at Kumari Capital Limited located at Naxal, Nagpokhari, Kathmandu. In the absence of bids from existing founder shareholders within the specified timeframe, the shares will subsequently be made available for auction to the general public. As of the last trading day, KBL closed at Rs. 150.40, and KBLPO reported a Last Traded Price (LTP) of Rs. 101.00 as of December 3, 2023.

    In a similar auction notice, the existing promoter of Machhapuchchhre Bank Limited (MBL) is auctioning 62,165 units of shares, available exclusively to interested existing promoter shareholders starting today. Indu Kumari Karki intends to sell these units to current promoter shareholders, and interested individuals are encouraged to bid within 7 days from the publication date of this notice, which is the 19th of Mangsir.

    Bidders for MBL shares should submit their bids at Machhapuchchhre Capital Limited located at Sundhara, Kathmandu. If there are no bids from existing founder shareholders within the stipulated timeframe, the shares will subsequently be open for auction to the general public. MBL closed at Rs. 184.90 on the last trading day, and MBLPO has an LTP of Rs. 136.00 as of May 10, 2023.

  • Kumari Bank Initiates Auction of 91,638 Promoter Shares for Existing Shareholders

    Kumari Bank Initiates Auction of 91,638 Promoter Shares for Existing Shareholders


    The current promoter of Kumari Bank Limited (KBL) has initiated the auction of 91,638 units of shares, inviting interest from existing promoter shareholders starting today. Lila Bahadur Gurung aims to sell this block of promoter shares to fellow existing promoters, and interested parties are encouraged to participate in the auction within the next 35 days from the publication date of this notice, ending on the 10th of Mangsir.

    Potential bidders are required to submit their bids either at the central office of the bank situated in Tangal, Kathmandu, or at Kumari Capital Limited located in Naxal, Nagpokhari, Kathmandu. In the event that no bids are received from the existing founder shareholders within the specified timeframe, the shares will subsequently be opened for auction to the general public.

    As of the latest available data, Kumari Bank Limited (KBL) concluded trading at a price of Rs. 153.90 on the previous day. Additionally, the Last Traded Price (LTP) for Kumari Bank Limited Promoter Share (KBLPO) stood at Rs. 110.00 as of November 9, 2023.

  • Kumari Bank Limited Promoters Auction 5,392 Shares to the Public

    Kumari Bank Limited Promoters Auction 5,392 Shares to the Public


    The current promoter of Kumari Bank Limited (KBL) has initiated the auctioning of 5,392 units of shares to the general public starting today. Lok Maya Gurung and Tika Ram Sapkota, existing promoters of the bank, are respectively selling 2,305 units and 3,087 units of their promoter shares to interested individuals. Prospective buyers are invited to participate in the auction within a 35-day period from the date of this notice, concluding on 8th Mangsir.

    To submit their bids, shareholders are required to visit the central office of Kumari Bank located in Naxal, Kathmandu. Notably, since no bids were received from the existing founder shareholders within the stipulated timeframe, these shares are now available for auction to the general public.

    As of 23rd November 2023, Kumari Bank Limited (KBL) closed at Rs. 153.90. Additionally, Kumari Bank Limited Promoter Share (KBLPO) had a Last Traded Price (LTP) of Rs. 110.00 as of 9th November 2023.