Tag: Manakamana

  • “Manakamana Engineering Hydropower IPO Shares Listed on NEPSE: Opening Ranges”

    “Manakamana Engineering Hydropower IPO Shares Listed on NEPSE: Opening Ranges”


    Manakamana Engineering Hydropower (MEHL) has recently listed 8 million IPO shares on the Nepal Stock Exchange (NEPSE). This includes shares held by promoters, those issued to the general public, and project-affected locals. The shares can be traded in the secondary market if MEHL signs an agreement with NEPSE. Of the total 80 million shares valued at Rs. 80 crores, 2.28 million shares worth Rs. 22.76 crores were offered to the general public during the IPO period from the 28th to the 31st of Shrawan in 2080.

     

  • “Lucky 2,27,662 Applicants Secure 10 Units Each in Manakamana Engineering Hydropower IPO Allotment”

    “Lucky 2,27,662 Applicants Secure 10 Units Each in Manakamana Engineering Hydropower IPO Allotment”


     

    The allocation of IPO shares for Manakamana Engineering Hydropower Limited has been completed today at the B.O.K Capital Markets Limited premises in Kathmandu. The hydropower company offered 2,276,620 shares at a face value of Rs 100 each to the public for subscription from the 28th to the 31st of Shrawan, 2080.

    Initially, the company had issued 800,000 shares worth Rs. 8 crores to people affected by the project in Dolakha District. However, only 183,380 shares, which accounts for 22.92%, were allotted to eligible applicants. As a result, the remaining 616,620 unsold shares from the project-affected locals’ quota have been combined with 2,000,000 shares (25% of the total issued capital, reserved for the general public), resulting in a total of 2,616,620 shares available for the general public.

     

  • “Final Day for Manakamana Engineering Hydropower IPO Applications; 1.308 Crore Units Received”

    “Final Day for Manakamana Engineering Hydropower IPO Applications; 1.308 Crore Units Received”


    Manakamana Engineering Hydropower Limited is concluding the offering of its 2,276,620 unit IPO shares with a face value of Rs 100 each, starting today on the 31st of Shrawan, 2080. This date marks the early closing deadline for the IPO.

    Should the issue not have garnered full subscriptions by the 31st of Shrawan, the closing date could have been extended until the 10th of Bhadra, 2080.

    According to information from CDS and Clearing Limited, as of Wednesday morning, the total number of applications received for the issue has reached 1,168,454, accounting for 13,089,350 unit shares. In monetary terms, this translates to Rs. 1.3089 Arba.

     

  • “Manakamana Engineering Hydropower to Offer 22,76,620 IPO Shares to the General Public Starting Shrawan 28”

    “Manakamana Engineering Hydropower to Offer 22,76,620 IPO Shares to the General Public Starting Shrawan 28”


     

    Manakamana Engineering Hydropower Limited is set to release 2,276,620 IPO shares with a face value of Rs 100 each, starting from the 28th of Shrawan, 2080. The initial closing date for the IPO is on the 31st of Shrawan, and if the shares aren’t fully subscribed by then, the deadline could be extended until the 10th of Bhadra, 2080.

    Earlier, the company had offered 800,000 unit shares valued at Rs. 8 crores to locals affected by the project in Dolakha District. However, only 183,380 units (22.92%) found valid takers. Consequently, the remaining 616,620 unsubscribed units from the project-affected locals are combined with 2,000,000 units (25% of the total issued capital, earmarked for the general public), resulting in a total of 2,616,620 units available for the general public.

  • “BoK Capital Market Allots IPO of Manakamana Engineering Hydropower on Shrawan 16 to Project-Affected and Migrant Nepalese.”

    “BoK Capital Market Allots IPO of Manakamana Engineering Hydropower on Shrawan 16 to Project-Affected and Migrant Nepalese.”


     

    BoK Capital Market will allocate the Initial Public Offering (IPO) of Manakamana Engineering Hydropower on Shrawan 16, 2080. The company offered 8 lakh unit shares to project-affected locals and 2 lakh unit shares to migrant Nepalese workers, as stated in the media release.

  • “Final Call: Manakamana Engineering Hydropower IPO Closes Today”

    “Final Call: Manakamana Engineering Hydropower IPO Closes Today”


     

    Manakamana Engineering Hydropower Limited is wrapping up its Initial Public Offering (IPO) for project-affected locals on the 9th of Shrawan. The IPO, which began on the 19th of Ashad, 2080, allocated 10% of the company’s issued capital, amounting to Rs. 8 Crores, to project-affected locals in Dolakha District. Additionally, there will be a public issue of 25% of the company’s capital, with 200,000 unit shares set aside for Nepalese citizens working abroad. The application period for the shares allocated to Nepalese citizens abroad ended on the 2nd of Shrawan, 2080.

     

  • “MKLB Lists 4.75% Bonus Shares on NEPSE”

    “MKLB Lists 4.75% Bonus Shares on NEPSE”


    Manakamana Smart Laghubitta Bittiya Sanstha Limited (MKLB) has recently listed 67,329.11 unit bonus shares on the Nepal Stock Exchange (NEPSE). The company held its 5th Annual General Meeting on Chaitra 16 and approved a 5% dividend amounting to Rs. 70.87 lakhs for the fiscal year 2078/79. During the 79th board meeting on Magh 16, they decided to distribute the dividend on the paid-up capital of Rs. 14.17 crores. The proposed dividend includes 4.75% bonus shares worth Rs. 67.32 lakhs and 0.25% cash dividend worth Rs. 3.54 lakhs.

     

  • “Manakamana Engineering Hydropower to Issue IPO Shares to Dolakha Locals and Nepali Expats”

    “Manakamana Engineering Hydropower to Issue IPO Shares to Dolakha Locals and Nepali Expats”


     

    “Manakamana Engineering Hydropower Limited Announces IPO for Locals and Nepalese Citizens Abroad”

    Manakamana Engineering Hydropower Limited has released an offer letter for an Initial Public Offering (IPO) specifically targeting project-affected locals from Dolakha District and Nepalese citizens working abroad. The IPO will be open for subscription from the 19th of Ashad to the 2nd of Shrawan, 2080. It is important to note that if the issue is not fully subscribed by the early closing date, it may be extended until Shrawan 17 for the locals of Dolakha District. However, the early closing date will remain fixed for Nepalese citizens working abroad, and no extension will be granted beyond that date.

  • Manakamana Smart Laghubitta Bittiya Sanstha Limited Reports Significant Decline in Net Profit for Q3 2079/2080

    Manakamana Smart Laghubitta Bittiya Sanstha Limited Reports Significant Decline in Net Profit for Q3 2079/2080


    Manakamana Smart Laghubitta Bittiya Sanstha Limited (MKLB) has published its third-quarter report for the fiscal year 2079/2080, which shows a significant decline in net profit by 108.05% compared to the same quarter in the previous year. The net profit dropped to a negative of Rs. 42.52 lakhs from Rs. 5.28 crores.

    The company’s borrowings decreased by 29.92% to Rs. 37.6 crores, and deposits increased by 17.57% to Rs. 4.69 crores. Loans and advances also decreased by 13.91% to Rs. 93.49 crores during this quarter.

    MKLB’s net interest income (core revenue) decreased by 25.73% to Rs. 4.15 crores compared to Rs. 5.59 crores in the corresponding quarter of the previous year. The company’s paid-up capital stood at Rs. 14.17 crores, and its reserve and surplus stood at Rs. 1.87 crores, showing a decrease of 41.98% in this quarter.

    The cost of funds slightly increased to 9.83% from 8.08% in the corresponding quarter, and the non-performing loans increased to 4.91%. The annualized earnings per share (EPS) for MKLB stand at Rs. -4, while the net worth per share is Rs. 113.2.

    In summary, MKLB’s third-quarter report showed a massive decline in net profit, a decrease in borrowings, an increase in deposits, and a decrease in loans and advances. Additionally, the company’s net interest income, reserve and surplus, and earnings per share have decreased, while the cost of funds and non-performing loans have slightly increased.

  • Manakamana Smart Laghubitta Proposes 5% Dividend Worth Rs 70.87 Lakhs for FY 2078/79

    Manakamana Smart Laghubitta Proposes 5% Dividend Worth Rs 70.87 Lakhs for FY 2078/79


    For the fiscal year 2078/79, Manakamana Smart Laghubitta Bittiya Sanstha Limited (MKLB) has proposed a 5% dividend worth Rs. 70.87 lakhs.

    The board of directors decided to distribute a 5% dividend on the paid-up capital of Rs. 14.17 crores at its 79th meeting on March 16. A cash dividend of 0.25% and 4.75% bonus shares (for tax purposes) have been proposed. Thus, the bonus shares are worth slightly more than Rs. 67.32 lakhs, and the cash dividend is worth slightly more than Rs. 3.54 lakhs.