Tag: Limited

  • Everest Bank Limited Lists 1,06,98,094.44 Bonus Shares on NEPSE Following AGM Approval

    Everest Bank Limited Lists 1,06,98,094.44 Bonus Shares on NEPSE Following AGM Approval


    A total of 1,06,98,094.44 units of bonus shares from Everest Bank Limited (EBL) have been officially listed on the Nepal Stock Exchange (NEPSE). This follows the company’s 29th Annual General Meeting (AGM) conducted on the 30th of Ashwin, 2080, where a dividend of 20.53% for the fiscal year 2079/80 was approved. During the 357th meeting of the Board of Directors (BODs) on Bhadra 27, a decision was made to distribute a 10.53% cash dividend and a 10% bonus share from the company’s paid-up capital, which currently stands at Rs. 10.69 Arba.

    The bonus shares, reflecting the aforementioned decision, are now officially listed on NEPSE for trading.

    As of the latest update, the closing price of EBL on the stock exchange stands at Rs. 510.00.

  • Ghalemdi Hydro Limited Successfully Concludes 200% Right Share Offering to Fund Chujung Khola Hydropower Project Acquisition

    Ghalemdi Hydro Limited Successfully Concludes 200% Right Share Offering to Fund Chujung Khola Hydropower Project Acquisition


    Ghalemdi Hydro Limited (GHL) is currently concluding the offering of its 1:2 ratio right shares to its shareholders, a process that began on the 10th of Mangsir and is scheduled to end today, the 16th of Poush, 2080, by the close of banking hours.

    In an effort to raise funds, the hydropower company has initiated the issuance of 200% right shares valued at Rs. 1.1 Arba. This amounts to the distribution of 11,000,000 units of right shares to existing shareholders. The primary objective behind this move is to enable the company to acquire a minimum of 51% of shares in the Chujung Khola hydropower project (63 M.W. PRoR) located in Sankhuwasabha and promoted by Shangrila Urja Pvt. Ltd.

    Currently, the company’s paid-up capital stands at Rs. 55 Crores. Following the adjustment for the proposed right share issuance of 1.10 crore units, the paid-up capital is anticipated to rise to Rs. 1.65 Arba.

    The responsibility of overseeing this right issue has been assigned to Muktinath Capital Limited, serving as the issue manager. According to the latest update from the issue manager, a total of 27,724 applicants have submitted applications for 63,37,675 units. As of 10 AM this morning, the subscription rate for the issue stands at 57.62%.

  • Himalayan Reinsurance Limited Premium Share ho ki Ordinary since it’s at 206?

    Himalayan Reinsurance Limited Premium Share ho ki Ordinary since it’s at 206?


    Was having this queries since very long so would really appreciate if you would answer it!

    View on r/NepalStock by itslakha_

  • Ghalemdi Hydro Limited Concludes 200% Right Share Issuance for Chujung Khola Project Investment

    Ghalemdi Hydro Limited Concludes 200% Right Share Issuance for Chujung Khola Project Investment


    Ghalemdi Hydro Limited (GHL) is set to conclude its issuance of right shares to shareholders at a 1:2 ratio starting from the 16th of Poush. The right shares, offered at a rate of 200%, were made available for subscription from the 10th of Mangsir and will remain open until the 16th of Poush, 2080, closing at the end of banking hours.

    In a bid to raise funds, Ghalemdi Hydro Limited aimed to generate Rs. 1.1 Arba by issuing 11,000,000 units of right shares to its existing shareholders at the 200% rate. The company’s strategic decision to offer these right shares is linked to its plan to invest a minimum of 51% of shares in the Chujung Khola hydropower project (63 M.W. PRoR) located in Sankhuwasabha and promoted by Shangrila Urja Pvt. Ltd.

    As of now, Ghalemdi Hydro Limited holds a paid-up capital of Rs. 55 Crores. Upon the successful adjustment of the proposed right shares totaling 1.10 crore units, the company’s paid-up capital is expected to rise to Rs. 1.65 Arba.

    To oversee this right share issuance, Muktinath Capital Limited has been appointed as the issue manager. The book closure date was on Kartik 03, meaning that only shareholders who maintained their holdings before that date are eligible to apply for the rights offering.

  • Kutheli Bukhari Small Hydropower and Green Ventures Limited announces AGM with specific agendas

    Kutheli Bukhari Small Hydropower and Green Ventures Limited announces AGM with specific agendas


    Kutheli Bukhari Small Hydropower Limited (KBSH) has called its 12th AGM on Poush 27, 2080. The meeting will be held in German Homes Hospitality Pvt. Ltd., Gatthaghar, Bhaktapur, starting at 11:30 am that day.

    These are the agendas of the AGM:

    1) Endorsement of financial reports for the fiscal year 2079/80.
    2) Endorse the auditor’s report of 2079/080 with PNL statements, financial reports, and cash flow reports.
    3) Appointment of the auditor and determination of their remuneration for the fiscal year 2080/81.
    4) Election of board members from public shareholding groups.
    5) Regarding the formation of the board of directors.

    The company has not proposed any dividend for FY 2079/80.

    18th Poush is the book closure date. Therefore, the shareholders maintained before that day are entitled to attend this AGM.

    Green Ventures Limited (GVL) has called its 5th AGM on 5th Magh, 2080. The meeting will be held in Baneshwor Banquet, Kathmandu, starting at 11 AM that day.

    These are the agendas of the AGM:

    1) Endorsement of the annual report of the company.
    2) Endorse the financial and auditor’s reports with PL statements, financial reports, and cash flow reports for FY 2079/80.
    3) Endorse the appointment of the auditor for the fiscal year 2080/81.
    4) Elect a director from the public shareholding group.
    5) To determine the meeting allowance of the board of directors.
    6) Miscellaneous.

    The book closure date is from Poush 20. Thus, shareholders maintained before that day can attend the AGM.

  • Himalayan Reinsurance IPO Allotment Concluded: Oversubscribed 1.2 Times with Strong Investor Interest

    Himalayan Reinsurance IPO Allotment Concluded: Oversubscribed 1.2 Times with Strong Investor Interest


    The allocation of Initial Public Offering (IPO) shares for Himalayan Reinsurance Limited has been finalized at Taj Reception in Baluwatar, Kathmandu. The company had issued 2,49,00,000 units of IPO shares at a price of Rs. 206 per share (Rs. 100 face value + Rs. 106 premium) to the general public from Mangsir 27 to Poush 2, 2080.

    Out of the total 3,00,00,000 units offered, 10% (30,00,000 units) were issued from 4th to 18th Mangsir and allotted to Nepalese Citizens working abroad on 24th Mangsir. Additionally, 2% (6,00,000 units) were reserved for the company’s employees, and 5% (15,00,000 units) were set aside for mutual funds. The remaining 2,49,00,000 units were made available to the general public. NMB Capital Limited served as the issue manager for the IPO.

    The IPO garnered significant interest, with 15,64,564 valid applicants applying for a total of 2,99,97,720 units, resulting in oversubscription by more than 1.2 times. The allotment process included a lottery for applicants who applied up to 34,050 units, with 10 extra units allocated. Out of 96,538 lottery-eligible applicants, 29,021 were allotted the additional units.

    The IPO result and allotment details can be accessed through CDSC IPO Result, MeroShare, and NMB Capital Limited. ICRA Nepal has affirmed an issuer rating of [ICRANP-IR] A- for Himalayan Reinsurance Limited, indicating a satisfactory level of safety in meeting financial obligations.

    Himalayan Reinsurance Limited, established in 2021, is the second reinsurance company to issue an IPO in Nepal. It specializes in providing reinsurance support to both Life and Non-Life Insurance Companies within Nepal and internationally. The company’s prominent promoters include leading business conglomerates and financial institutions such as Golchha Group, Shanker Group, Infinity Holdings, Lucky Group, and others.

  • Pokhara Finance Limited Opts Not to Distribute Dividends for FY 2078/79

    Pokhara Finance Limited Opts Not to Distribute Dividends for FY 2078/79


    Pokhara Finance Limited (PFL) has announced its decision to refrain from distributing any dividends for the Fiscal Year 2078/79. The resolution was reached during the 526th Board Meeting held on Poush 5. Importantly, the Board of PFL has not put forth any proposals for cash dividends or bonus shares for the FY 2079/80.

    It is crucial to highlight that the implementation of this decision is subject to the approval of the financial statements by the regulatory authority, Nepal Rastra Bank, and confirmation at the upcoming Annual General Meeting of the company.

    As of the latest update, Pokhara Finance Limited’s Last Traded Price (LTP) stands at Rs. 373.10.

  • “Unilever Nepal Initiates Distribution of 1580% Cash Dividend to Shareholders’ Bank Accounts”

    “Unilever Nepal Initiates Distribution of 1580% Cash Dividend to Shareholders’ Bank Accounts”


    Unilever Nepal Limited (UNL) has initiated the distribution of a 1580% cash dividend directly to the bank accounts of its shareholders starting from Poush, 2080. The company strongly encourages its shareholders to undergo the dematerialization process for their shares.

    The 30th Annual General Meeting (AGM) of Unilever Nepal for the fiscal year 2079/80 included the endorsement of the board’s proposal to provide a substantial 1580% cash dividend to its shareholders. In line with this decision, the same cash dividend is currently being distributed directly to the bank accounts of eligible shareholders.

    For shareholders who have yet to authenticate their bank accounts in their Demat accounts and those who haven’t completed the dematerialization of their shares, the cash dividend distribution will proceed only after they fulfill the necessary procedures. Additionally, investors who have obtained margin loans against Unilever Nepal shares are required to furnish a No Objection Letter or a Release Letter for the process.

  • Sarbottam Steel Announces 3rd AGM with IPO Proposal and ICRA Ratings Affirmation

    Sarbottam Steel Announces 3rd AGM with IPO Proposal and ICRA Ratings Affirmation


    Sarbottam Steel Limited has scheduled its third Annual General Meeting (AGM) for the 25th of Poush, 2080 (the equivalent of January 8, 2024). The meeting is set to take place at the Company Office Hall in Neupane Tower, Tinkune, Kathmandu, starting at 11:30 a.m.

    One of the key agendas for the AGM is the proposal to issue an Initial Public Offering (IPO) to the general public. Additionally, the meeting will address matters such as endorsing the auditor’s report, profit and loss statements, financial reports, and cash flow reports. The appointment of an auditor for the fiscal year 2080/81 will also be considered. Another agenda involves empowering the Board of Directors to make essential amendments, additions, reductions, or alterations in the Articles of Association and Regulations during the issuance of the IPO.

    ICRA Nepal has reaffirmed Sarbottam Steel Limited’s long-term rating of [ICRANP] LBB- and the short-term rating of [ICRANP] A4 for both fund-based and non-fund-based limits. The company was originally established as a private limited entity in 2017, promoted by the Saurabh Group, and was converted into a public limited company in July 2021. Sarbottam Steel Limited specializes in manufacturing billets and TMT (Thermo-Mechanically Treated) with installed capacities of approximately 264,000 MT and 235,000 MT, respectively. The production facility, located in Beluwa of Parsa district, commenced commercial operations in August 2022. Mr. Bishnu Prasad Neupane, the chairman and managing director, holds around 25% of the paid-up capital, while the remainder is owned by various individual and institutional shareholders.

  • “NEPSE Lists 18.55 Million Right Shares of Arun Kabeli Power Limited Following Successful Auction”

    “NEPSE Lists 18.55 Million Right Shares of Arun Kabeli Power Limited Following Successful Auction”


    Arun Kabeli Power Limited (AKPL) has successfully listed 18,552,105 units of right shares on the Nepal Stock Exchange (NEPSE). The company had previously issued these shares in a 1:1 ratio, amounting to a total of 185,521,05 units, available for subscription to its shareholders between the 11th and 31st of Bhadra, 2080. However, only 165,372,88 units were allotted to eligible shareholders during this initial offering. Subsequently, the remaining 20,148,17 units of unsubscribed right shares were put up for auction, which took place from the 30th of Ashwin to the 14th of Kartik, 2080.

    Nabil Investment Banking Limited acted as the auction manager for AKPL during this process. Following the auction, the same 18,552,105 units of right shares are now officially listed on NEPSE. At the time of this report, the Last Traded Price (LTP) for AKPL stands at Rs. 171.10. This successful listing reflects the company’s efforts to engage its shareholders and capitalize on the market through the auctioning of unsubscribed shares, ultimately contributing to its market presence and value.

  • What is your view on Nabil Bank Limited?

    What is your view on Nabil Bank Limited?


    Have been tracking Nabil Bank Limited for quite some time. Who else is tracking this stock and what is your view?

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    https://preview.redd.it/dvydg82rwn5c1.png?width=2876&format=png&auto=webp&s=a06aa0fc59fd6fef6e87288e7322f3f216884361

    View on r/NepalStock by prajwalstha1234

  • Himalayan Reinsurance Limited Announces IPO for 2.49 Million Units with Robust Promoter Support

    Himalayan Reinsurance Limited Announces IPO for 2.49 Million Units with Robust Promoter Support


    Himalayan Reinsurance Limited is set to launch its initial public offering (IPO) with the issuance of 2,49,00,000 unit shares starting from 27th Mangsir, 2080. The early closing date for this IPO is on the 1st Poush, with the possibility of extension up to the 11th Poush, 2080, if the subscription is not fully met. Out of the total 3,00,00,000 units, 10% (30,00,000 units) have been allocated to Nepalese citizens working abroad, 2% (6,00,000 units) for the company’s employees, and 5% (15,00,000 units) for mutual funds. The remaining 2,49,00,000 units are reserved for the general public, priced at Rs. 206 per share (Rs. 100 face value + Rs. 106 premium).

    NMB Capital Limited is designated as the issue manager, and interested investors can apply for a minimum of 10 units and a maximum of 3,00,000 units. ICRA Nepal has affirmed an issuer rating of [ICRANP-IR] A- to Himalayan Reinsurance Limited, indicating a satisfactory level of safety in terms of timely financial obligation servicing, signifying a low credit risk.

    Himalayan Reinsurance Limited, established in 2021, is Nepal’s second reinsurance company and operates in both the Life and Non-Life insurance sectors. The company’s IPO involves prominent promoters, including Golchha Group, Shanker Group, Infinity Holdings, Lucky Group, Ramesh Corp, Shiv Shakti Group, and other influential business entities. The IPO represents a significant milestone for the company and provides an opportunity for the public to participate in its growth.