The Securities Exchange Board of Nepal (SEBON) has approved Rawa Energy Development Limited’s proposed initial public offering (IPO) on Falgun 25.
The company will now issue 840,000 equity shares at NPR 100 per share. The issue is worth Rs. 8.4 crore. This is equivalent to 30% of the company’s issued capital. The company’s total paid-up capital following the IPO allotment would be Rs 28 crores.
Prabhu Capital Limited has been appointed as the proposed IPO’s issue manager.
The NEPSE index closed at 1,938.62 today, down 14.44 points from the previous trading day’s close. This represents a 0.74% decrease. Yesterday, the index rose 1.85 points.
The index opened today at 1,953.96 and reached an intraday high of 1,956.37. In contrast, it dropped as low as 1,926.57 before closing at 1,938.62.
The deadline for the sale of 2,96,000 units of promoter share has been extended till Chaitra 6, 2079, according to Kumari Bank Limited (KBL).
KBL’s existing promoters have started auctioning off their 2,96,000 unit promoter stake. The auction began on the 16th of Falgun and was scheduled to end tomorrow, on the 30th of Falgun, 2079. Nevertheless, because the auction organizer received insufficient applications, the sale has been extended until Chaitra 6.
Individual investors, businesses, and institutions can all bid in an auction. The minimum bid is Rs. 119. The promoters’ shares have a minimum bid quantity of 10,000 units. Although bidders may bid for the full issue, they must follow the Nepal Rastra Bank’s guideline not to bid more than once.
The NEPSE index ended the day at 1,975.89, down 26.80 points from the previous trading day’s close. This represents a 1.34% loss. Last Thursday, the index gained 50.04 points.
The index opened the day at 2,008.26 and reached an intraday high of 2,017.30. It fell as low as 1,970.67 before closing at 1,975.89.
Sanima Middle Tamor Hydropower Limited will begin issuing 42,48,938 unit shares with a face value of Rs 100 on February 26th, 2079. This IPO is expected to generate Rs 42.48 crore for the company. This issue’s early closing date is 30th Falgun, and if it is not fully subscribed, it can be extended until 10th Chaitra, 2079.
Out of the total 49,98,750 units, 10%, or 499,875 units, have already been issued and allocated to Nepalese citizens working abroad, while 5%, or 249,937 units, have been set aside for mutual funds. The remaining 42,48,938 units will be available to the general public. Following the IPO, the company’s paid-up capital will be Rs. 3.33 Arba
Unnati Sahakarya Laghubitta Bittiya Sanstha Limited (USLB) has announced that it will not pay dividends in fiscal year 2078/79.
The Unnati Sahakarya Laghubitta Bittiya Sanstha Limited’s balance sheet for the fiscal year 2078/79 was approved at the 195th meeting of the board of directors held on Falgun 25, 2079 at 5:00 PM. The financial statements for 2078/79, including the profit and loss account and cash flow statement, are also reviewed and submitted for approval to Nepal Rastra Ban
Because Monday and Wednesday were public holidays, NEPSE only traded for three days this week. This week, the index closed at 2,002.70, up 33.68 points (1.71%). Last week, the index closed at 1,969.02, down 2.65% from the previous week.
This week, the index reached a high of 2,002.70 and a low of 1.935.49, resulting in a 67.20 point volatility. In the previous week, the index experienced 73.93 points of volatility.
The Nepal Bankers Association (NBA) has decided to lower the interest rate on savings while keeping the interest rate on fixed deposits unchanged.
The meeting was attended by the CEOs and representatives of all commercial banks to review the interest rate beginning on Chaitra 1. Savings interest rates currently range from 6.42 percent to 8.4 percent. It has been decided to keep the rates between 6% and 8%.
The NEPSE index finished at 1,938.25 today, down 30.77 points from the previous trading day’s close. This is a 1.56% decrease. Last Thursday, the index dropped 26.48 points.
The index began today at 1,967.49 and reached an intraday high of 1,975.93. While it dropped as low as 1,935.21, it eventually closed at 1,938.25.
Through 30,903 transactions, 259 scrips changed hands. A total of 3,832,459 shares were traded, totaling Rs. 1.392 Arba in turnover. This is significantly more than the previous day’s turnover of Rs. 1.336 Arba.
This week’s index closed at 1,969.02, a loss of 53.62 points (2.65%). The index closed at 2,022.64 last week, down 2.31% from the previous week.
This week, the index reached a high of 2,042.95 and a low of 1.969.02, resulting in a 73.93 point volatility. The previous week’s volatility on the index was 68.79 points.
The NEPSE index closed at 1,969.01 today, down 26.48 points from the previous trading day’s close. This is a 1.33% decrease. Yesterday, the index dropped 24.44 points.
The index opened today at 1,995.34 and reached an intraday high of 1,996.63. While it dropped as low as 1,966.28, it eventually closed at 1,969.01.
The NEPSE index closed at 1,995.49 today, down 24.44 points from the previous trading day’s close. This is a loss of 1.21%. Yesterday, the index fell 3.81 points. The index opened today at 2,020.72 and reached an intraday high of 2,024.70. While it dropped as low as 1,994.46, it eventually closed at 1,995.49.