Tag: Lakh

  • “Barahi Sedi Chooses NMB Capital as Issue Manager for 11.60 Lakh Unit Share Offering”

    “Barahi Sedi Chooses NMB Capital as Issue Manager for 11.60 Lakh Unit Share Offering”


     

    Barahi Sedi, a hotel under construction in Pokhara’s Lakeside area, has selected NMB Capital as the issue manager for its upcoming public share offering of 1.16 million ordinary shares. The agreement was formalized through a Memorandum of Understanding (MoU) signed between Mr. Dipesh Kumar Vaidya, the CEO of NMB Capital, and Mr. Biplab Paudel, the Managing Director of the hotel. The hotel is slated to be a 5-star establishment with 150 rooms, 11 service houses, and various amenities, set to launch in 2025 according to the media statement.

  • “Reliable Nepal Life Insurance IPO Allotment Concludes, Leaves Nearly 400,000 Applicants Empty-Handed”

    “Reliable Nepal Life Insurance IPO Allotment Concludes, Leaves Nearly 400,000 Applicants Empty-Handed”


     

    The IPO allotment for Reliable Nepal Life Insurance Limited (RENLICL) has wrapped up today at the Civil Capital Market premises in Sundhara, Kathmandu. The company had offered 9,600,000 IPO shares at a face value of Rs 100 per share, along with a premium of Rs 157, making the total cost per share Rs 257. This opportunity was made available to the general public from the 18th to the 22nd of Shrawan, 2080.

     

  • Last Day to Apply for IPO of Reliable Nepal Life Insurance; Oversubscribed 1.56 Times from 12.55 Lakh Applicants

    Last Day to Apply for IPO of Reliable Nepal Life Insurance; Oversubscribed 1.56 Times from 12.55 Lakh Applicants


     

    Reliable Nepal Life Insurance Limited is wrapping up its offering of 96,00,000 unit shares to the public, which began on August 23, 2080, and is now concluding on August 26, 2080.

    This life insurance company has a total issued capital of Rs. 4 Arba, with 30% (1,20,00,000 unit shares) being made available to the public, including Nepalese citizens abroad and the general public. Within this allocation, 10% (12,00,000 unit shares) were reserved for Nepalese citizens working overseas, while 5% (600,000 units) were set aside for the company’s employees, and another 5% (600,000 units) for mutual funds. The remaining 96,00,000 units are designated for the general public.

  • “Nepal Telecom Reports 10 Lakh Rupees Recharge Card Loss, Issues Notice”

    “Nepal Telecom Reports 10 Lakh Rupees Recharge Card Loss, Issues Notice”


     

    Nepal Telecom has announced that they have experienced a loss of around 10 lakh rupees due to missing recharge cards. These cards, valued at 50 rupees each, vanished while being transported from Kathmandu to Bhairahwa. The incident was revealed by Nepal Telecom’s Wireless Services Directorate located at Babarmahal.

  • “Sun Nepal Life Insurance Announces 76.80 Lakh IPO Shares for General Public at Premium Price from Shrawan 32”

    “Sun Nepal Life Insurance Announces 76.80 Lakh IPO Shares for General Public at Premium Price from Shrawan 32”


     

    Sun Nepal Life Insurance Company Limited will release 76,80,000 IPO shares starting August 15, 2023. The offer ends on August 20, but it could continue until September 4 if not fully subscribed.

    The company’s total capital is Rs. 3.2 billion, with 30% (96,00,000 shares) available for the public, including Nepalese citizens abroad. Additionally, 10% (960,000 shares) were already issued to overseas Nepalese citizens between July 16 and July 30.

     

  • “Setikhola Hydropower Appoints Kumari Capital as Issue Manager for 60 Lakh Unit Share Float; 20 MW Pokhara Project Set to Operate in 2024”

    “Setikhola Hydropower Appoints Kumari Capital as Issue Manager for 60 Lakh Unit Share Float; 20 MW Pokhara Project Set to Operate in 2024”


    Setikhola Hydropower has selected Kumari Capital as the issue manager to issue 60 lakh unit ordinary shares to the public investors. The memorandum of understanding (MoU) was signed between the CEO of Kumari Capital, Mr. Puspa Sharma, and the chairman of Setikhola Hydropower, Mr. Anup Acharya, during a program, according to the media statement.

     

  • Reliable Nepal Life Insurance IPO: 12 Lakh Unit Shares for Nepalese Citizens Working Abroad

    Reliable Nepal Life Insurance IPO: 12 Lakh Unit Shares for Nepalese Citizens Working Abroad


     

    Reliable Nepal Life Insurance Company Limited has initiated the issuance of 12,00,000 units of IPO shares exclusively for Nepalese citizens working abroad. The IPO shares will be available for subscription starting today, July 27th, and the closing date for the issue is August 10th. The company’s total issued capital is Rs. 4 Arba, with 30% of the shares, or 1,20,00,000 units, being offered to the public. Out of this, 10% (12,00,000 units) has been allocated for Nepalese citizens working abroad, 5% (600,000 units) for company employees, and 5% (600,000 units) for mutual funds. The remaining 96,00,000 units will be made available to the general public at a later stage.

     

  • SEBON Approves 35% Right Shares of Multipurpose Finance Company; Issue of 15.82 Lakh Shares Imminent

    SEBON Approves 35% Right Shares of Multipurpose Finance Company; Issue of 15.82 Lakh Shares Imminent


     

    The Securities Board of Nepal (SEBON) has given its approval to Multipurpose Finance Company Limited (MPFL) for a rights offering. MPFL plans to issue 35% right shares valued at Rs. 15.82 Crores, which will involve distributing 1,582,000 (1:0.35) units of right shares to its existing shareholders. Currently, MPFL has a paid-up capital of Rs. 45.20 Crores, and after the issuance of the right shares, its paid-up capital will increase to Rs. 61.02 Crores. Muktinath Capital has been appointed as the issue manager for this process. The application for the rights offering was submitted to the board on Falgun 29, 2079.

     

  • IME Life Insurance IPO Oversubscribed 1.4 Times with 10.84 Lakh Applicants

    IME Life Insurance IPO Oversubscribed 1.4 Times with 10.84 Lakh Applicants


     

    IME Life Insurance Company Limited is concluding the issuance of 96,00,000 unit shares to the general public starting from today, which is the 25th of Ashad. The issuance began on the 21st of Ashad, 2080.

    The company has an issued capital of Rs. 4 Arba, out of which 30% or 1,20,00,000 unit shares are allocated for the public, including Nepalese citizens working abroad and the general public. Among the total shares issued, 10% or 12,00,000 unit shares were reserved for Nepalese citizens working abroad, while 5% or 600,000 units were set aside for the employees of the company. Additionally, 5% or 600,000 units were allocated for mutual funds. The remaining 96,00,000 units are being offered to the general public.

     

  • “Summit Laghubitta Lists 670,000 Bonus Shares on NEPSE”

    “Summit Laghubitta Lists 670,000 Bonus Shares on NEPSE”


     

     

    Summit Laghubitta Bittiya Sanstha Limited’s Bonus Shares Listed in NEPSE

    The listing of 6,70,000 unit bonus shares of Summit Laghubitta Bittiya Sanstha Limited (SMFDB) has been completed in NEPSE. During the company’s 14th Annual General Meeting held on 3rd Ashad, a dividend of 14.276582% was approved for the fiscal year 2078/79. In a board meeting on Falgun 15, it was decided to distribute 13.56% bonus shares worth Rs. 6.70 Crores and a cash dividend of 0.713829% worth Rs. 35.26 Lakh on the paid-up capital of Rs. 49.40 crores. As of the latest update, the Last Traded Price (LTP) for SMFDB stands at Rs. 945.

  • “Nepal Finance Limited to Auction 11.16 Lakh Promoter Shares from Ashad 29”

    “Nepal Finance Limited to Auction 11.16 Lakh Promoter Shares from Ashad 29”


     

    Nepal Finance Limited (NFS) is conducting an auction to sell 11,16,616.187 units of promoter shares to the general public. The auction will take place from 29th Ashad to 12th Shrawan, 2080. The auction is open to existing promoters, the general public, and institutions. The minimum bid rate is Rs. 100, and bidders must bid for a minimum quantity of 1000 units. However, there is a limit on the number of shares that each entity can bid for, as per the rules of the Nepal Rastra Bank. Prabhu Capital has been appointed as the auction manager.

     

  • Ghorahi Cement Industry Launches IPO Offering of 69.11 Lakh Unit Shares to the Public

    Ghorahi Cement Industry Launches IPO Offering of 69.11 Lakh Unit Shares to the Public


    Ghorahi Cement Industry is now offering 69.11 lakh unit ordinary shares at a premium price of Rs 435 to the general public through an Initial Public Offering (IPO) that started on Jestha 32, 2080. The IPO will be open for subscription until Asar 4, 2080, and if necessary, the closing date may be extended until Asar 14, 2080.

    Interested individuals can apply for a minimum of 10 units and a maximum of 10 lakh unit shares. This information has been provided in a media statement issued by the company.

    After expanding its production capacity, Ghorahi Cement Industry can now produce 6000 tons of clinker and 4000 tons of grinding material per day, as stated in the media statement.