Tag: Lakhs

  • RIDI Initiates Auction of Unclaimed Right Shares: Opportunity for Public Participation

    RIDI Initiates Auction of Unclaimed Right Shares: Opportunity for Public Participation


    Ridi Power Company Limited (RIDI) has initiated the auction of the unclaimed portion of its right shares starting from the 29th of Chaitra, 2080, with the auction set to conclude on the 9th of Baisakh, 2081. The company aims to sell 11,35,657 units of ordinary right shares, representing the unclaimed segment from its recent rights offering.

    During the rights offering period, which ran from the 18th of Falgun to the 8th of Chaitra, 2080, RIDI issued shares at a ratio of 1:0.50 to its existing shareholders. However, out of the total right shares issued, only 66,08,849 units (85.34%) were allotted to eligible shareholders, indicating that 14.66% of the shares remained unclaimed.

    Therefore, the company has decided to make these unsold right shares available to the general public starting from today. Individuals and institutions alike have the opportunity to participate in the auction and bid for these shares.

    Muktinath Capital Limited has been appointed as the issue manager for this right share auction. The minimum bid rate for the auction is set at Rs. 100, with a minimum bid quantity of 100 units. While bidders have the option to bid for the entire issue, they must adhere to the regulatory board’s guidelines to ensure that the specified quantity of shares per entity is not exceeded.

  • 2 crore 49 lakhs share means 24.9 lakhs share recipient.

    2 crore 49 lakhs share means 24.9 lakhs share recipient.


    If 10 shares allotted, this IPO will have 24.9 lakh share holders. But highly unlikely that there will be 24.9 lakh people applying here.

    This means highly probable that more than 10 shares allotment possible. Is this safe to buy? How will be ROI for long term?

    View on r/NepalStock by authorsuraj

  • If you earn around 2 lakhs a month, how much would you save, invest, and allocate for wants?

    If you earn around 2 lakhs a month, how much would you save, invest, and allocate for wants?


    Say you earn two lakh every month. How much money would you save, invest, and allocate for wants like buying a car or a bike? I aim to earn this much in a couple of months and would really appreciate your opinion. And last question, do you think gold is a good investment in Nepal?

    View on r/NepalStock by Rhyss007

  • Can we take small loans ( 1-3 lakhs ) against shares?

    Can we take small loans ( 1-3 lakhs ) against shares?


    I wanna take share loans and reinvest in market.

    View on r/NepalStock by -No-One-Nepal

  • [MEGATHREAD] 90 Lakhs kitta IPO of Citizen Life Insurance (Sep 1 – Sep 5, 2023)

    [MEGATHREAD] 90 Lakhs kitta IPO of Citizen Life Insurance (Sep 1 – Sep 5, 2023)


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    https://preview.redd.it/13cq9m2b29lb1.jpg?width=1200&format=pjpg&auto=webp&s=6529872cfbffd52aae9819355183b22abbcb5ee6

    **Use this thread for discussing IPO of Citizen Life Insurance Company Limited.**

    **All other posts will be rejected, repeat violators will be banned.**

    * Issue Price: Rs 244 per share (Rs 144 premium on top of Rs 100 par value)
    * Issue Date: Bhadra 15 – Bhadra 19, 2080
    * Issue Size: 90,00,000 units for General Public
    * Minimum application is for 10 units
    * Maximum application is for 15,00,000 units *(should be multiple of 10)*
    * Issue Manager: NIMB Ace Capital Limited
    * Credit Rating: \[ICRANP-IR\] BBB- *(indicates moderate degree of default regarding timely servicing of financial obligations)*

    **FAQs:**

    * How to Apply: Online through MeroShare or C-ASBA approved banks
    * How many units to apply: 10 kitta or Rs 2,440

    **Who can apply?**

    * All general public except institutional investors
    * Staffs of the company (5,62,500 shares set aside as quota)

    **Things to Note:**

    * Paid-up capital will reach Rs 3.75 Arba after the IPO
    * Promoter-public ownership will be 70:30 after the IPO
    * Networth Per Share: Rs 172.43 (audited Q4 FY 78/79)
    * Earnings Per Share: Rs 21.49 (audited Q4 FY 78/79)
    * **Tentative opening range after listing: Rs 172.43 — Rs 517.29**

    Links: [Offer Letter](https://www.niblcapital.com/wp-content/uploads/2023/07/CLICL_IPO-Announcement-to-Foreign-Employment-1.pdf?x30034) (PDF) | [Credit Rating](https://www.icranepal.com/wp-content/uploads/2022/06/238.Rationale_Citizen-Life-Insurance-Company-Limited-CLICL_May-2022.pdf) (PDF)

    View on r/NepalStock by AutoModerator

  • “SEBON Adds 39.50 Lakhs IPO Shares of Daramkhola Hydro Energy to Pipeline”

    “SEBON Adds 39.50 Lakhs IPO Shares of Daramkhola Hydro Energy to Pipeline”


    Daramkhola Hydro Energy Limited has submitted an IPO proposal to SEBON (Securities Board of Nepal). The proposal outlines the issuance of 3,950,000 shares, with the aim of raising Rs. 39.5 crores for the company. This application was submitted on Bhadra 05, 2080.

    For the public offering, Laxmi Capital has been appointed as the issue manager.

    Daram Khola Hydroelectric Project, situated in Galkot-11 of Baglung district, is a run-of-river project that harnesses the water from Daram Khola. It boasts an installed capacity of 9.6 MW and includes various components like a diversion weir, intake structures, headrace pressure pipe, surge tank, penstock pipe, powerhouse, tailrace canal, and switchyards. The electricity generated by the project will be connected to the 33 kV Harichaur Substation. To facilitate this, the company plans to construct a 14 km long 33 kV transmission line from the powerhouse to the Harichaur substation in Baglung district.

     

  • “SEBON Adds 11.19 Lakhs IPO Shares of Him Star Urja Company to Pipeline”

    “SEBON Adds 11.19 Lakhs IPO Shares of Him Star Urja Company to Pipeline”


     

    “Him Star Urja Company Limited’s IPO Proposal Under SEBON Review”

    Him Star Urja Company Limited has submitted a proposal to SEBON, the capital market regulator, for an initial public offering (IPO). The company plans to issue 1,119,000 shares, which will generate a capital of Rs. 11.19 crores. The application was submitted on Jestha 31, 2080. NIC Asia Capital has been appointed as the issue manager for the public offering.

     

  • Support Laghubitta’s Q3: Net Profit decreased by 42.33% to Rs 63.32 Lakhs, NPL decreased by 3.25%, and EPS decreased by 8.86%.

    Support Laghubitta’s Q3: Net Profit decreased by 42.33% to Rs 63.32 Lakhs, NPL decreased by 3.25%, and EPS decreased by 8.86%.


    Support Laghubitta Bittiya Sanstha Limited (SMB) has issued its unaudited financial report for Q3 of FY 2078/79, with a net profit of Rs 63.32 Lakhs, a decrease of 42.88%. Microfinance had a net profit of Rs 1.75 crore in the prior year’s similar quarter.

    It has received Rs 28.78 Crore in deposits, Rs 98.04 Crore in borrowings, and Rs 1.39 Arba in loans. The company’s paid-up capital is Rs 9.52 crore, and it has a reserve of Rs 3.65 crore.

    Net interest income was Rs 4.52 crore in the third quarter, down from Rs 5.42 crore in the previous year’s equivalent quarter. Operating earnings fall 65.7% to Rs 60.35 Lakhs.

  • Mahila Laghubitta (MLBSL) Bonus Shares (47.5%) Listed on NEPSE

    Mahila Laghubitta (MLBSL) Bonus Shares (47.5%) Listed on NEPSE


     

    NEPSE has listed 7,00,625 unit bonus shares of Mahila Laghubitta Bittiya Sanstha Limited (MLBSL).

    On 21st Falgun, the company held its 5th AGM for FY 2078/79 and approved a 50% dividend worth Rs. 7.37 crores for the fiscal year 2078/79. On Poush 26, the 51st board of directors decided to distribute the dividend on the paid-up capital of Rs. 14.75 crores. There was a proposal for 47.5% bonus shares worth Rs 7 crores and a 2.5% cash dividend (including tax) worth Rs 36.87 lakhs.

     

  • NEPSE listing of bonus shares of IME General Insurance and Wean Nepal Laghubitta

    NEPSE listing of bonus shares of IME General Insurance and Wean Nepal Laghubitta


    On the 9th Magh, the firm had its 25th AGM for the fiscal year 2078/79 and approved a 6.316% dividend. At its 127th board meeting, the business requested a 6.316% dividend on its paid-up capital of Rs. 1.70 Arba. There was a proposal for 6% bonus shares worth Rs 10,20,99,085 and a 0.316% cash dividend (including tax) of Rs 53.73 lakhs. NEPSE now lists the same bonus shares.

    IGI has an LTP of Rs. 387 as of this writing.

  • Jeevan Bikas Laghubitta Calls AGM on Chaitra 30; Proposed Dividend of 33.15% Reduced to Only 14.999%

    Jeevan Bikas Laghubitta Calls AGM on Chaitra 30; Proposed Dividend of 33.15% Reduced to Only 14.999%


    Jeevan Bikas Laghubitta Bittiya Sanstha Limited (JBLB) has scheduled its 4th Annual General Meeting for 30th Chaitra, 2079. The meeting will be held in the company’s head office located at Katahari, Morang, starting at 10:30 PM that day.

    Among the other items on the agenda, the AGM will approve a 14.99% dividend for fiscal year 2078/79. The company decided to pay out a dividend of Rs. 1.03 Arba on its paid-up capital. The proposal includes 14.285% bonus shares worth Rs. 14.77 crores and a 0.714% cash dividend worth Rs. 73.87 lakhs. The tax amount levied on the dividend is included in the