Tag: Lakh

  • Non-Life Insurance Sector in Nepal Achieves Rs. 10.44 Arba Premium in FY 2080/81

    Non-Life Insurance Sector in Nepal Achieves Rs. 10.44 Arba Premium in FY 2080/81


    In the initial three months of the fiscal year 2080/81, concluding at the end of Ashwin, the non-life insurance sector in Nepal achieved remarkable success by accumulating a substantial premium of Rs. 10.44 Arba. This impressive growth is outlined in a recent comprehensive report released by the Nepal Insurance Authority. The robust performance of the insurance industry was fueled by a total of 6.81 lakh active insurance policies, collectively held by policyholders across a diverse range of segments.

    Siddhartha Premier Insurance emerged as a prominent leader in this sector, boasting an impressive count of 79,696 active policies. Following closely, Neco Insurance secured a commendable position with 75,916 active policies in force. In contrast, National Insurance exhibited a more modest presence with 9,731 active insurance policies.

    In terms of the total charges generated through insurance, Sagarmatha Lumbini Insurance established itself as a front-runner, accumulating insurance charges amounting to Rs. 1.31 Arba. Siddhartha Premier Insurance, while not leading in terms of charges, maintained a substantial presence with total charges reaching Rs. 1.06 Arba. Shikhar Insurance Limited also made a substantial contribution, recording insurance charges of Rs. 1.04 Arba.

  • 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.

  • Mathillo Mailun Khola Jalvidhyut IPO Receives Rs. 1.39 Arba from 12.51 Lakh Applicants; Oversubscribed 10.83 Times

    Mathillo Mailun Khola Jalvidhyut IPO Receives Rs. 1.39 Arba from 12.51 Lakh Applicants; Oversubscribed 10.83 Times


     

    Mathillo Mailun Khola Jalvidhyut Limited conducted its Initial Public Offering (IPO), releasing 12,84,200 unit shares to the public from the 18th to the 22nd of Ashwin, 2080.

    Out of a total of 15,09,200 units, 1,50,000 units were exclusively available to Nepalese citizens working abroad, and 75,000 units were allocated to mutual funds. The remaining 12,84,200 units were open for the general public.

    Sanima Capital served as the appointed issue manager for this IPO, and applicants could apply for a minimum of 10 units and a maximum of 10,000 units.

     

  • 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.

     

  • NIC ASIA Capital Launches Idea to IPO Advisory for National Solar Power Company’s 7.24 Lakh Unit IPO

    NIC ASIA Capital Launches Idea to IPO Advisory for National Solar Power Company’s 7.24 Lakh Unit IPO


    NIC ASIA Capital has taken a significant step in fostering the growth of National Solar Power Company by entering into a transformative agreement. This partnership brings to life the “Idea to IPO” corporate advisory service, a comprehensive support package that extends from the inception of the company through to its IPO issuance and beyond. National Solar Power Company, with its current operation of a 5 MW solar energy project in Pratapur, Nawalparasi, is poised to expand its horizons by offering 7.24 lakh unit ordinary shares at a price of Rs. 100 per unit to the general public. With this collaboration, NIC ASIA Capital reaffirms its commitment to guiding companies on their journey from innovative ideas to thriving IPOs, propelling the solar energy sector towards a brighter and more sustainable future.

     

  • In which scrip would you trade at this time if you would have to trade about 5 lakh rs?

    In which scrip would you trade at this time if you would have to trade about 5 lakh rs?


    as the title suggest


    View on r/NepalStock by howareyou8


  • Nepal Warehouse Company Gets SEBON Approval for 13.65 Lakh Share IPO

    Nepal Warehouse Company Gets SEBON Approval for 13.65 Lakh Share IPO


    Nepal Warehouse Company has obtained approval from SEBON (Securities Board of Nepal) to release 13.65 lakh ordinary shares to the public, with the offering scheduled for Ashoj 10, 2080.

    The company has already established and initiated operations for a 40 MT warehouse in Sunsari and Parsa districts. Additionally, they are in the process of constructing a warehouse with a capacity of 15,000 MT in Kapilvastu, as mentioned in their official media statement.

     

  • If you have 50 lakh right now. Where will you invest it to?

    If you have 50 lakh right now. Where will you invest it to?


    I think i will go with land.


    View on r/NepalStock by Thick-Crazy-8392


  • Hyundai Kona GL Reveals Affordable Price in Nepal: NPR 59.96 Lakh

    Hyundai Kona GL Reveals Affordable Price in Nepal: NPR 59.96 Lakh


    Laxmi Continental, the authorized Hyundai dealer in Nepal, has announced the pricing for the Hyundai Kona GL in the Nepalese market. The base model of the Hyundai Kona GL is priced at NPR 59.96 lakhs, while the GL/S variant comes in at NPR 64.96 lakhs. This electric vehicle offers an impressive 305 kilometers of range on a single charge. It also features a 100-watt charger that can fill up 80% of the battery in just 54 minutes. The Hyundai Kona GL is available in six different colors, providing buyers with a variety of choices.

     

  • Mahuli Laghubitta Bittiya Sanstha Proposes Further Public Offering (FPO) to SEBON

    Mahuli Laghubitta Bittiya Sanstha Proposes Further Public Offering (FPO) to SEBON


    Mahuli Laghubitta Bittiya Sanstha Limited (MSLB) has submitted a formal proposal to the Securities Board of Nepal (SEBON) to initiate a Further Public Offering (FPO). The company’s aim with this FPO is to issue 475,449 additional shares, raising a total of Rs. 47,544,915 in capital. Similar to an Initial Public Offering (IPO), the general public will have the opportunity to apply for these shares at a par value of Rs. 100 per share.

    Sunrise Capital has been appointed as the issue manager for this offering, and the application for the FPO was officially submitted to SEBON on Bhadra 24.

    As of now, MSLB’s current paid-up capital stands at Rs. 32.23 Crores. However, upon the successful issuance of the FPO, the paid-up capital will experience an increase, reaching Rs. 36.99 Crores.

    It’s worth noting that ICRA Nepal has assigned an issuer rating of [ICRANP-IR] BB- (pronounced ICRA NP Issuer Rating Double B Minus) to Mahuli Laghubitta Bittiya Sanstha Limited. This rating suggests that issuers with this designation are assessed to have a moderate risk of default in terms of fulfilling their financial obligations in a timely manner.

  • “Final Day for Citizen Life Insurance IPO Applications; Oversubscribed 1.38 Times with 11.07 Lakh Applicants”

    “Final Day for Citizen Life Insurance IPO Applications; Oversubscribed 1.38 Times with 11.07 Lakh Applicants”


     

    Citizen Life Insurance Company Limited is concluding its public offering of 90,00,000 unit shares starting today, which commenced on the 15th of Bhadra, 2080.

    The company’s total issued capital is Rs. 3.75 Arba, and out of this, 30%, or 1,12,50,000 unit shares, are being offered to the public, including Nepalese citizens working abroad.

    Of the total offering, 10% (11,25,000 unit shares) went to Nepalese citizens working abroad, 5% (562,500 units) is reserved for company employees, and another 5% (562,500 units) is set aside for mutual funds. The remaining 90,00,000 units are available to the general public since Bhadra 15.

    These shares are being issued at Rs. 244 per share (comprising a Rs. 100 face value and a Rs. 144 premium) for the general public, while employees of the company can obtain them at a par value of Rs. 100.

    NIMB Ace Capital is overseeing the issuance. The IPO is expected to raise a total of Rs. 2.66 Arba for the company, with Rs. 1.53 Arba as the premium amount and the rest contributing to the paid-up capital.

    As per the CDSC (Central Depository and Clearing Company), there have been 11,07,048 applicants, applying for a total of 12,450,120 units worth Rs. 3.03 Arba. Consequently, the offering has already been oversubscribed by 1.38 times.

  • “Sreenagar Agritech Teams Up with Nabil Investment for 13 Lakh Share IPO”

    “Sreenagar Agritech Teams Up with Nabil Investment for 13 Lakh Share IPO”


     

    Sreenagar Agritech Industries has chosen Nabil Investment Banking to manage the release of 1.3 million shares to the public. The agreement was made official through a signing between the CEO of the bank, Mr. Manish Narayan Joshi, and the MD of the company, Mr. Satish Chand Shrestha. The company, known for its agricultural and poultry operations, is considering growth in the meat industry and adding cold storage facilities. This move comes after having a successful history in the agro-based sector.