Tag: Making

  • Sagarmatha Lumbini Insurance Company (SALICO) Lists 26,226,382 Shares After Merger of SIC and LGIL

    Sagarmatha Lumbini Insurance Company (SALICO) Lists 26,226,382 Shares After Merger of SIC and LGIL


    Sagarmatha Lumbini Insurance Company Limited (SALICO) has listed 26,226,382 shares on the Nepal Stock Exchange (NEPSE) following a successful merger between Lumbini General Insurance Limited (LGIL) and Sagarmatha Insurance Company Limited (SIC).

    The merger agreement between SIC and LGIL was signed on 30 Ashad, 2079. The swap ratio for the merger was set at 100:80, resulting in a 20% decrease in the number of LGIL shareholders. After the merger, the total listed shares of SIC and LGIL combined amounted to 26,226,382 units.

    Following the successful merger, SIC and LGIL began conducting joint operations under the name Sagarmatha Lumbini Insurance Company Limited (SALICO) starting from Falgun 29, 2079. Consequently, the listed shares will be traded under the symbol “SALICO.”

    The opening price range for the initial transactions has been set at Rs. 599.12.

  • Last Day to be Eligible for Rights Offering of Himal Dolakha Hydropower Company Limited

    Last Day to be Eligible for Rights Offering of Himal Dolakha Hydropower Company Limited


    Himal Dolakha Hydropower Company Limited (HDHPC) is currently offering 12,000,000 unit right shares at a par value of Rs. 100. The rights issue has been approved by the Securities Exchange Board of Nepal (SEBON) and is being managed by Laxmi Capital Markets Limited.

    The current paid-up capital of the company is Rs. 1.60 Arba, and after the issue of the right share in the ratio of 1:0.75, the paid-up capital of the company will be increased to Rs. 2.8 Arba. The book closure date for the rights issue is Baisakh 27, and shareholders who have maintained shares until the last trading day before the book closure are eligible to apply for the right shares.

    Today is the last day for interested shareholders to become eligible for the rights offering. If you miss the deadline, you will not be able to apply for the right shares. As of writing, HDHPC’s last traded price (LTP) is Rs. 187.90.

    If you’re interested in investing in HDHPC, you can apply for the right shares through your stockbroker or by visiting the website of Laxmi Capital Markets Limited. It’s important to carefully consider the terms of the rights offering and do your research on the company before making an investment decision.

  • Prabhu Life Insurance proposes dividend for the first time

    Prabhu Life Insurance proposes dividend for the first time


    Prabhu Life Insurance Limited (PLI) has proposed a dividend of 10.526% for the fiscal year 2077/78. This is the first dividend the company has proposed since being listed on the Nepal Stock Exchange (NEPSE).

    The company’s board of directors, at its 140th meeting held on Baisakh 25, has decided to distribute a dividend consisting of 10% bonus shares and 0.526% cash dividend (including tax). PLI has a paid-up capital of Rs. 2 Arba, making the bonus shares worth Rs. 20 crores and the cash dividend worth Rs. 1.05 crores.

    However, it’s important to note that this dividend is subject to approval by the Nepal Insurance Authority and endorsement at the upcoming AGM.

    As of writing, the company’s closing price on the last trading day stands at Rs. 390.

     

  • Garima Bikas Bank Distributes 13% Bonus Shares and Endorses 14.5% Dividend for Fiscal Year 2078/79

    Garima Bikas Bank Distributes 13% Bonus Shares and Endorses 14.5% Dividend for Fiscal Year 2078/79


    Garima Bikas Bank Limited has distributed 13% bonus shares directly to the DEMAT account of its shareholders and has urged them to dematerialize their shares. This was announced after the bank’s 16th AGM where it also endorsed a 14.5% dividend worth Rs. 66.56 Crores for the fiscal year 2078/79. The board of directors meeting held later decided to distribute a 14.5% dividend on the paid-up capital of Rs. 4.59 Arba.

    In addition to the bonus shares, 1.50% cash dividend worth Rs 6.88 Crores was proposed. The bonus shares were already listed in NEPSE. The bank has also requested its shareholders to pay the tax amount for the 16% bonus shares proposed for FY 2077/2078. The details of the tax amount that a shareholder has to pay can be found on the website of the share registrar NIBL Ace Capital Limited.

    The bank’s decision to distribute bonus shares and dividends is expected to benefit its shareholders. The distribution of bonus shares will increase their ownership in the bank, while the dividend payment will provide them with a direct cash payment. The bank has also encouraged its shareholders to dematerialize their shares. This will facilitate electronic trading of shares, making it easier for shareholders to trade them in the secondary market.

  • NEPSE fell by 0.77%; Naasa Securities is the top buyer and seller broker (Weekly NEPSE Summary With Technical Analysis).

    NEPSE fell by 0.77%; Naasa Securities is the top buyer and seller broker (Weekly NEPSE Summary With Technical Analysis).


     

    This week’s NEPSE index finished at 1,889.76, a decrease of 14.64 points (0.77%). Last week, the index finished at 1,893.33, down 1.55% from the previous week.

    This week, the index reached a high of 1,913.05 and a low of 1875.37, resulting in a volatility of 37.68 points. The prior week’s volatility on the index was 51.52 points.

     

  • Menchhiyam Hydropower IPO Allotment Concludes: Lucky 95,411 Applicants Gets 10 Units Each Whereas Staff Quota Undersubscribed

    Menchhiyam Hydropower IPO Allotment Concludes: Lucky 95,411 Applicants Gets 10 Units Each Whereas Staff Quota Undersubscribed


    Menchhiyam Hydropower Limited’s initial public offering (IPO) was completed today at the Lainchaur Banquet in Kathmandu. The issue manager for this IPO was NIC Asia Capital.
    Menchhiyam Hydropower Limited released 934,915 units worth Rs 9.34 crores to the general public as an Initial Public Offering (IPO) (Baisakh 4- 7, 2080).

    Previously, the business granted 542,583 unit shares worth Rs. 5.42 crores to project-affected Sankhuwasabha District residents, of which only 505,780 were given to legitimate applicants. As a result, the remaining 36,803 unsubscribed shares of project-affected locals are added to the 10,85,167 units (20% of the issued capital designated for the general public) to produce a total of 11,21,970 units for the general public.

  • PLIC and ULI Promoter Shares Converted; Promoter-Public Shareholding Ratio Changed To 51: 49

    PLIC and ULI Promoter Shares Converted; Promoter-Public Shareholding Ratio Changed To 51: 49


     

    Prime Life Insurance Company Limited (PLIC) unit promoter shares have been converted to ordinary shares, bringing the company’s promoter-to-public share ratio to 51: 49.

    The company currently has 3,14,09,657 unit shares listed on NEPSE.Similarly, the shareholding structure of 60% promoters and 40% public has been altered to 51% promoter shares and 49% public shares.

     

  • NEPSE Ends the Week with a 1.55% Loss with a Turnover of Rs 4.6 Arba.

    NEPSE Ends the Week with a 1.55% Loss with a Turnover of Rs 4.6 Arba.


    This week’s NEPSE index finished at 1,904.40, a loss of 30.07 points (1.55%). Last week, the index finished at 1,934.47, up 3.63% from the previous week.

    This week, the index reached a high of 1,944.58 and a low of 1893.33, resulting in a 51.25 point volatility. The prior week’s volatility on the index was 148.11 points.
    The largest intraday loss was 23.63 points on Monday with a transaction of Rs 0.92 Arba, however the overall turnover for the week was Rs 4.62 Arba.

  • Nothing Phone 1 is Launching in Nepal – Exclusively on Daraz

    Nothing Phone 1 is Launching in Nepal – Exclusively on Daraz


    Nepal’s leading e-commerce platform, Daraz, has announced the exclusive launch of the “Nothing Phone 1” in Nepal on April 11. The Nothing Phone 1 is the first product from the new technology venture “Nothing,” founded by the co-founder of OnePlus, Carl Pei. This much-anticipated smartphone will be available exclusively on Daraz for Nepalese customers.

    The Nothing Phone 1 is an exceptional smartphone that stands out in terms of design, features, and innovation. This phone has a sleek and elegant design with a transparent back panel, giving it a futuristic and premium look. The Nothing Phone 1 is equipped with a 6.67-inch Full HD+ AMOLED display, providing an immersive viewing experience with rich colors and sharp details. The phone’s display also has a 120Hz refresh rate, making it perfect for gaming and smooth scrolling.

    The phone is powered by a Qualcomm Snapdragon 870 processor, which provides lightning-fast performance and efficient power consumption. The Nothing Phone 1 is available in two variants: 8GB RAM with 128GB storage and 12GB RAM with 256GB storage. The phone runs on Android 11 with a custom skin called “Nothing UI,” which is designed to provide a clean and simple user interface.

    One of the most exciting features of the Nothing Phone 1 is its camera setup. The phone has a triple-camera setup, including a 64-megapixel primary camera, a 12-megapixel ultra-wide-angle lens, and a 5-megapixel macro lens. The phone’s camera is also equipped with several AI features, including AI scene detection, AI beautification, and more.

    The Nothing Phone 1 also has a large 4,500mAh battery with support for 65W fast charging, which allows you to charge the phone from 0% to 100% in just 35 minutes. The phone also has support for 5G, making it future-proof and ready for the next generation of mobile networks.

    The anticipated cost of the 8/128GB version of the Nothing Phone (1) in Nepal is approximately Rs. 55,999. Meanwhile, the Indian market offers the same variant starting at INR 32,999, with the 8/256GB option priced at INR 35,999 and the top-of-the-line 12/256GB variant at INR 38,999. This phone comes in two color options, Black and White. The Nothing Phone (1) is set to arrive in Nepal via Daraz on April 11th, and we anticipate that the smartphone will be more reasonably priced.

  • Gains Rs 2,900 per tola in one day, trading at Rs 110,000

    Gains Rs 2,900 per tola in one day, trading at Rs 110,000


    Gold prices are once again making news, since the value of gold reached an all-time high on March 19, 2023, i.e. today. Today’s gain is the consequence of a Rs. 2900 one-day increase from yesterday’s pricing.

    According to the Federation of Nepal Gold and Silver Dealers’ Association’s official website, fine gold is now trading at Rs. 110,000 per tola. Yesterday, the tariff remained unchanged at Rs. 107,100 per tola. Meanwhile, Tejabi gold is currently trading at Rs. 109500. In contrast, the cost was kept at Rs. 106,600 per tola yesterday.

    In the last 10 days, the price of gold has climbed by Rs. 9500 per tola. Gold was priced at Rs 1,00,500 per tola on March 9, 2023.

  • Prabhu Smart Fund Offers 255% Dividend Yield in 10 Years

    Prabhu Smart Fund Offers 255% Dividend Yield in 10 Years


    The second plan of the Prabhu Capital Collective Investment Fund is now available for issue and sale as of 18 Falgun 2079. This fund issued 8 crore units worth Rs 80 crore at a fixed price of Rs 10 per unit.

    Prabhu Bank Ltd is the fund promoter of this plan, while Prabhu Capital Limited is the scheme manager. This is a closed-ended plan. This scheme will invest 35 to 90 percent of the proceeds from unit sales in shares, making it an equity-oriented scheme.

    Prabhu Bank Limited has obtained 1.12 crore units out of a total of 8 crore units available, while Prabhu Capital Limited has secured 8 lakh units.

  • After Merging with Ghodighoda Laghubitta, 138,125 Additional Shares of Unique Nepal Laghubitta Listed in NEPSE For Trading

    After Merging with Ghodighoda Laghubitta, 138,125 Additional Shares of Unique Nepal Laghubitta Listed in NEPSE For Trading


    138,125 additional shares of Unique Nepal Laghubitta Bittiya Sanstha Limited (UNLB) have been listed in NEPSE.

    Ghodighoda Laghubitta (GGBSL) and Unique Nepal Laghubitta signed the merger agreement with each other on Kartik 21, 2077 and endorsed a 1: 0.5 share swap ratio for the merger. Thus, the additional shares after the merger are now listed in NEPSE. UNLB’s total listed shares were 968,200 units. After the merger, 138,125 shares of GGBSL have been added to 968,200 shares, making it a total of 11,06,325 unit shares.