Tag: Machhapuchchhre

  • MBL Promoter Shares Auction Launched

    MBL Promoter Shares Auction Launched


    Surendra Mahato has initiated the auction of 1,12,32,492 units of promoter shares from Machhapuchchhre Bank Limited (MBL). The auction period spans from the 5th to the 15th of Magh, 2080.

    A total of 1,12,32,492 promoter shares of MBL are up for auction, open to interested shareholders, including the general public and institutions. The auction allows bidding with a minimum rate of Rs. 113, and the minimum bid quantity for promoter shares is set at 1,00,000 units. Interested participants can submit their bids at Machhapuchchhre Capital Limited, located at Baghdurbar, JDA Complex, Kathmandu.

    As of the latest available information, MBL concluded trading at Rs. 204.00 on the previous day. Simultaneously, MBLPO recorded a Last Traded Price (LTP) of Rs. 136.00 as of May 10, 2023.

  • Machhapuchchhre Bank Q2 2080/81: 21.45% Drop in Net Profit, Attention Needed on NPL Increase

    Machhapuchchhre Bank Q2 2080/81: 21.45% Drop in Net Profit, Attention Needed on NPL Increase


    Machhapuchchhre Bank Limited (MBL) has recently unveiled its financial performance for the second quarter of the fiscal year 2080/81, providing insights into key metrics. In this quarter, MBL witnessed a notable 21.45% decline in net profit, falling from Rs. 1.02 Arba in Q2 FY 2079/80 to Rs. 80.53 Crores in Q2 FY 2080/81.

    The bank faced a 1.10% reduction in customer deposits, reaching Rs. 1.52 Kharba. However, loans and advances to customers experienced growth, rising by 2.99% to Rs. 1.29 Kharba compared to the previous year. The Net Interest Income, a critical indicator of core business income, decreased by 5.56% to Rs. 2.63 Arba. Encouragingly, impairment charges witnessed a decline of 21.57%.

    MBL’s paid-up capital stands at Rs. 11.62 Arba, complemented by Rs. 5.44 Arba in reserves and surplus. Nonetheless, Non-Performing Loans (NPL) increased to 2.26%, marking an 85.82% surge from the same quarter in the previous year.

    On a per-share basis, the annualized earnings per share (EPS) amounted to Rs. 13.86, and the Net worth per share was Rs. 144.97. The company traded at a Price/Earnings (P/E) multiple of 14.65 times. The rise in NPL is highlighted as an area requiring ongoing attention.

    For detailed figures and comparisons, refer to the complete Q2 report provided in the disclosure.

  • Machhapuchchhre Bank Successfully Concludes Promoter Shares Auction.

    Machhapuchchhre Bank Successfully Concludes Promoter Shares Auction.


    The auction closing day of Machhapuchchhre Bank’s 1,12,32,492 Units Promoter Shares marked a crucial milestone in the bank’s strategic initiatives. By offering these shares, the bank aimed to enhance capital, allowing for expansion and strategic projects.

     

  • Machhapuchchhre Bank Limited Promoter Initiates Auction of Significant Shares

    Machhapuchchhre Bank Limited Promoter Initiates Auction of Significant Shares


    The current promoter of Machhapuchchhre Bank Limited (MBL) has initiated the auction of 1,12,32,492 units of shares, commencing today. Surendra Mahato, the promoter, is set to sell this significant portion, representing approximately 18.95% of the total promoter shares or 51% ownership in MBL. In the context of the total 11.62 Crore units of shares listed on the Nepal Stock Exchange (NEPSE), the shares being auctioned constitute around 9.66% of the total shares. This auction is anticipated to draw the interest of investors and could potentially impact the ownership structure of MBL.

    Eligibility for participation in the auction is limited to qualified interested promoter shareholders, the general public, and institutions. The bidding period spans from the 25th of Poush to the 2nd of Magh, 2080. The minimum bid rate set for this auction is Rs. 115, with a minimum bid quantity of 10,00,000 units for promoter shares. Interested shareholders are required to submit their bids at Machhapuchchhre Capital Limited, situated at Baghdurbar, JDA Complex, Kathmandu.

    As of the most recent data, MBL closed at Rs. 197.80 on the preceding day. Additionally, MBLPO (Machhapuchchhre Bank Limited Promoter Share) has a Last Traded Price (LTP) of Rs. 136.00 as of May 10, 2023.

  • Kumari Bank Initiates Auction of 22,000 Promoter Shares: Exclusive Opportunity for Existing Promoter Shareholders

    Kumari Bank Initiates Auction of 22,000 Promoter Shares: Exclusive Opportunity for Existing Promoter Shareholders


    The current promoter of Kumari Bank Limited (KBL) has initiated the auction of 22,000 units of shares, exclusively available to interested existing promoter shareholders starting today. Nagendra Prasad Bimali aims to sell these units to current promoter shareholders, and interested parties are invited to participate in the auction within 35 days from the publication date of this notice, which is the 19th of Mangsir.

    Individuals looking to participate in the auction should submit their bids either at the central office of the bank in Tangal, Kathmandu, or at Kumari Capital Limited located at Naxal, Nagpokhari, Kathmandu. In the absence of bids from existing founder shareholders within the specified timeframe, the shares will subsequently be made available for auction to the general public. As of the last trading day, KBL closed at Rs. 150.40, and KBLPO reported a Last Traded Price (LTP) of Rs. 101.00 as of December 3, 2023.

    In a similar auction notice, the existing promoter of Machhapuchchhre Bank Limited (MBL) is auctioning 62,165 units of shares, available exclusively to interested existing promoter shareholders starting today. Indu Kumari Karki intends to sell these units to current promoter shareholders, and interested individuals are encouraged to bid within 7 days from the publication date of this notice, which is the 19th of Mangsir.

    Bidders for MBL shares should submit their bids at Machhapuchchhre Capital Limited located at Sundhara, Kathmandu. If there are no bids from existing founder shareholders within the stipulated timeframe, the shares will subsequently be open for auction to the general public. MBL closed at Rs. 184.90 on the last trading day, and MBLPO has an LTP of Rs. 136.00 as of May 10, 2023.

  • 1.12 Crore Promoter Shares of Machhapuchchhre Bank Up for Auction Today

    1.12 Crore Promoter Shares of Machhapuchchhre Bank Up for Auction Today


     

    The current promoters of Machhapuchchhre Bank Limited (MBL) are conducting an auction for 1,12,32,492 units of their shares, exclusively available to other promoter shareholders. The bidding window will remain open for 35 days from the notice publication date, which is the 25th of Ashwin, 2080. Interested shareholders can place their bids at Machhapuchchhre Capital Limited, situated in Baghdurbar, JDA Complex, Kathmandu.

    MBL’s closing price on the previous day was Rs. 205.00.

     

  • Nearly 19% of Machhapuchchhre Bank Promoter Shares Up for Auction Today

    Nearly 19% of Machhapuchchhre Bank Promoter Shares Up for Auction Today


    The promoter of Machhapuchchhre Bank Limited (MBL) is putting up 1,12,32,492 shares for auction to fellow promoters. This amounts to around 18.95% of all promoter shares or 51% of ownership. With a total of 11.62 Crore shares listed on the Nepal Stock Exchange (NEPSE), the auctioned shares represent about 9.66% of all shares. This move is expected to draw investor interest and could potentially change MBL’s ownership structure.