Tag: Minimum

  • Why Sarbottam , or any other wannabe public traded company for that matter, enforce a minimum cap on IPO applications?

    Why Sarbottam , or any other wannabe public traded company for that matter, enforce a minimum cap on IPO applications?


    *Since IPO is a instrument to assemble scattered capital for a company to finance its ventures, why would companies come up with minimum cap on applying for them then ? If it were to stem from the fear of undersubscription(which is the only reason i can come up with at the moment), then wouldn’t allowing the usual 10 kittas ensure increased investment encouraging the ones, who do not have much to invest, to invest whatever they have ? What is the rationale behind such a decision? May be some of the folks can drop their valuable insights on the matter and shed some light on the issue.*

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    [Ending Paragraph from https:\/\/www.sharesansar.com\/newsdetail\/ipo-of-sarbottam-cement-opening-from-today-in-depth-analysis-of-company-performance-2024-02-25](https://preview.redd.it/t6rectkhsvkc1.png?width=1330&format=png&auto=webp&s=d5110c24a1ba377e449a181c79d6cfe716ca046e)


    View on r/NepalStock by Specialist_Box6165


  • 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.

  • Government Sets Minimum Purchase Price for Sugarcane to Boost Farmer Compensation

    Government Sets Minimum Purchase Price for Sugarcane to Boost Farmer Compensation


    During a recent Cabinet meeting held at Singhadurbar, the government made a significant decision to establish the minimum purchase price for sugarcane at Rs 635 per quintal. The official announcement of this decision was made by government spokesperson Rekha Sharma.

    As per the newly implemented regulation, sugarcane mills are now required to directly pay Rs 565 per quintal to the farmers. Additionally, the government will extend a subsidy of Rs 70 per quintal to support farmers involved in the sugarcane industry.

    Spokesperson Sharma also revealed that the meeting involved a comprehensive review of the government’s progress over the past year. Chief Secretary Dr. Baikuntha Aryal presented insights during the session, emphasizing the urgency to expedite government activities and enhance decision-making processes, laws, and legislation.

    This decision is anticipated to have a positive impact on sugarcane farmers, ensuring they receive fair and reasonable compensation for their produce. Ultimately, it is expected to contribute to the overall growth and sustainability of the agricultural sector.

  • What’s the minimum amount required to invest in FDs?

    What’s the minimum amount required to invest in FDs?


    Couldn’t find a suitable flair


    View on r/NepalStock by RepresentativeNo1973


  • NMB Bank’s “10.75% NMB Debenture 2089/90” is now available; minimum applications are for 25 units.

    NMB Bank’s “10.75% NMB Debenture 2089/90” is now available; minimum applications are for 25 units.


    NMB Bank Limited (NMB) is releasing 40,00,000 units of “10.75% NMB Debenture 2089/90″ to the general public and institutions today, Chaitra 21st.

     

    The debenture, which has a maturity period of 10 years and a coupon rate of 10.75%, is available for application from today to the 24th Chaitra, 2079. 
    If the issue is not fully subscribed, the deadline can be pushed back to Baisakh 5, 2080.

     

  • Modi Energy Allotted Shares to Parbat District Residents; 72.27% of Shares Were Unsubscribed

    Modi Energy Allotted Shares to Parbat District Residents; 72.27% of Shares Were Unsubscribed


     

    Modi Energy Limited has distributed IPO shares to Parbat District residents affected by the project. The allotment program came to an end on Chaitra 19, 2079.

    From the 25th Falgun to the 16th Chaitra, 2079, the company issued 29,00,000 unit IPO shares, representing 10% of the issued capital of Rs. 2.9 Arba, to project-affected residents of Parbat District. Locals could apply for a minimum of 10 shares and a maximum of 1000 shares.

     

  • From the 21st Chaitra, Prime Commercial Bank will auction 9,00,000 units of promoter shares to the general public and institutions.

    From the 21st Chaitra, Prime Commercial Bank will auction 9,00,000 units of promoter shares to the general public and institutions.


    The existing promoters of Prime Commercial Bank Limited are auctioning off 9,00,000 units of promoter shares to the general public from the 21st Chaitra to the 29th Chaitra, 2079.

    A total of 9,00,000 promoter shares will be auctioned off. Individual investors, businesses, and institutions can all bid in an auction. The minimum bid is Rs. 130. The promoters’ shares have a minimum bid quantity of 1000 units. Although bidders may bid for the entire issue, they must follow the Nepal Rastra Bank’s rule of not exceeding the specified number of shares per entity.

     

  • The deadline for the auction of 296,000 Kumari Bank promoter shares has been extended to Chaitra 06

    The deadline for the auction of 296,000 Kumari Bank promoter shares has been extended to Chaitra 06


    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.

  • Starting today, Prabhu Bank will be selling 46,74,396 units of promoter shares to the general public and institutions.

    Starting today, Prabhu Bank will be selling 46,74,396 units of promoter shares to the general public and institutions.


    From now, that is, on 12 Falgun through 26 Falgun, 2079, the current promoters of Prabhu Bank Limited (PRVU) are selling its 46,74,396 unit promoter share at an auction.

    There will be an auction for 46,74,396 units of promoter shares. In an auction, bids may be submitted by institutions, businesses, or individual investors. The minimum bid is Rs. 123. 10,000 units are the required minimum bid amount for promoter shares. Bidders are allowed to offer for the full issue, but they must adhere to the Nepal Rastra Bank’s guideline that they cannot offer for more shares per entity than what is allowed.

    The auction manager is Prabhu Capital Ltd. On Falgun 27, at the auction manager’s location, bids will begin to be accepted at 11 a.m.

  • Global IME Bank’s “11.25% Global IME Bank Debenture 2084/85” will close today & applications for a minimum of 25 units can be submitted.

    Global IME Bank’s “11.25% Global IME Bank Debenture 2084/85” will close today & applications for a minimum of 25 units can be submitted.


    Global IME Bank Ltd will close the public issuance of the “11.25% Global IME Bank Debenture 2084/85” today, February 5th.

    The issue had begun on the 29th of Magh and was scheduled to end on the 3rd of Falgun. Nevertheless, the bank earlier declared in a notification that the deadline will be extended until February 14, although the subscription would expire as soon as it is subscribed. Because the offering is now oversubscribed, the business will shut it today till the end of banking hours.

    50 lakh units would be issued at a par value of Rs.1000 each. 30 lakh units of the overall offer will be subscribed through private placement, while the remaining 20 lakh shares totaling Rs. 2 Arba are eligible for public issuance, with 5% reserved for mutual funds. The offering would generate a total of Rs 5 arba.

    Sunrise Capital Ltd has been named the issue manager. Investors can apply for as little as 25 units and as many as 100,000 units.

    The “11.25% Global IME Bank Debenture 2084/85” has a maturity duration of 5 years and will provide unit holders with 11.25% annual yields until the date of maturity.