Tag: Nepal

  • Kathmandu Metropolitan City Sees Significant Revenue Increase, Collects Rs 1.17 Billion in Two Months

    Kathmandu Metropolitan City Sees Significant Revenue Increase, Collects Rs 1.17 Billion in Two Months


    Over the past two months, the Kathmandu Metropolitan City (KMC) has amassed a revenue of Rs 1.17 billion, marking a significant increase of nearly Rs 230 million compared to the same period in the previous fiscal year. During the corresponding timeframe last year, KMC had collected Rs 934.1 million in revenue. The notable surge in revenue collection has been attributed to the initiation of revenue collection by KMC’s ward offices, as stated by Dhruba Kafle, Chief of the Revenue Department at KMC.

    This growth in revenue has coincided with a notable rise in the number of taxpayers, which can be attributed to all 32 wards under KMC now offering tax collection services. It’s been reported that an increased number of taxpayers are paying property tax and house rent, reflecting a boost in compliance. KMC administers tax collection under nine different categories, including property tax, house rent tax, entertainment tax, and advertisement tax, among others.

    In the current fiscal year, KMC has set an ambitious target to collect Rs 10.41 billion in revenue, highlighting its commitment to continued financial growth and service provision.

  • NEPSE Index Records Modest Loss as Sonapur Minerals Leads Trading Activity

    NEPSE Index Records Modest Loss as Sonapur Minerals Leads Trading Activity


    The Nepal Stock Exchange (NEPSE) Index concluded at 1,858.56 points, registering a slight loss of 5.83 points or 0.31% compared to the previous day’s closing. Notably, the index had experienced a more significant drop of 14.29 points during the last trading session.

    The day’s trading activities commenced with the index opening at 1,864.19, reaching an intraday low of 1,853.49, while achieving an intraday high of 1,872.19.

    Throughout today’s trading, a total of 296 different stocks were actively traded in 77,870 transactions. The volume of shares traded amounted to 3,364,056 units, with a cumulative turnover of Rs. 81.20 Crore. The overall market capitalization stood at Rs. 28.62 Kharba, and the float market capitalization was at Rs. 10.03 Kharba.

    Sonapur Minerals And Oil Limited (SONA) led in terms of turnover, with a trading value of Rs. 14.60 crores, and it closed at a market price of Rs. 234.80.

    Similarly, Sayapatri Hydropower Limited (SPHL) showed the most substantial gain of 9.39% during the day’s trading.

    On the downside, Sonapur Minerals And Oil Limited (SONA) recorded the most significant loss, declining by 7.99% on the day.

    Regarding sector indices, all indices, except the “Investment Index,” closed in the red. The “Investment Index” gained the highest, increasing by 0.08%, while the “Hotels And Tourism Index” saw the most notable decline of 1.01% for the day.

  • Nabil Equity Fund (NEF) Nearing Maturity with Consistent Dividends for Investors

    Nabil Equity Fund (NEF) Nearing Maturity with Consistent Dividends for Investors


    Nabil Equity Fund (NEF), a closed-end mutual fund with a 7-year duration and a total size of Rs. 1.25 Arba, is set to reach its maturity date on the 18th of Kartik, 2080. This fund is managed by Nabil Investment Banking Limited, with Nabil Bank Limited serving as the fund’s sponsor. Notably, the fund has consistently provided dividends to its investors over the past three fiscal years.

    Upon reaching the end of its maturity period, the trading of shares of this mutual fund will be halted, and investors will receive their share of the investment after the mutual fund sells off all its holdings. This includes shares, debentures, and non-listed shares, and the proceeds will be distributed proportionally among the unit holders. As of Ashwin, the latest Net Asset Value (NAV) of the fund stands at Rs. 10.33.

    On the 1st of November, the last traded price of the mutual fund was recorded at Rs. 9.90. This marks the final price at which the fund’s units were traded before its impending maturity.

  • Kumari Bank Limited Promoters Auction 5,30,000 Shares at Rs. 101 Minimum Rate for Public and Institutions

    Kumari Bank Limited Promoters Auction 5,30,000 Shares at Rs. 101 Minimum Rate for Public and Institutions


    Starting today, the existing promoters of Kumari Bank Limited (KBL) have initiated the auction of 5,30,000 units of shares, making them available to both the general public and institutions. This auction commenced on the 14th of Kartik, 2080, as per the Nepali calendar.

    The minimum auction rate for the 5,30,000 promoter shares of KBL has been set at Rs. 101. Eligibility for participation in the auction extends to both the general public and institutions, with a submission deadline for bids falling on the 20th of Kartik.

    Shareholders interested in bidding for these shares should submit their bids at Kumari Capital Limited, located at Naxal, Nagpokhari, Kathmandu.

    Notably, Kumari Bank Limited (KBL) had closed at a share price of Rs. 156.00 the previous day. In contrast, Kumari Bank Limited Promoter Share Auction (KBLPO) had a last trading price (LTP) of Rs. 101 as of the 18th of October, 2023.

  • Chirkhwa Hydro Power IPO Allotment Sees Overwhelming Demand, 11.14 Times Oversubscribed

    Chirkhwa Hydro Power IPO Allotment Sees Overwhelming Demand, 11.14 Times Oversubscribed


    The initial public offering (IPO) allotment for Chirkhwa Hydro Power Limited is scheduled for this Thursday, falling on the 16th of Kartik, 2080, in accordance with the Nepali calendar. The allotment event will take place at the premises of the issue manager, RBB Merchant Banking Limited, located in Kathmandu, commencing at 1 PM.

    Out of the total offering of 9,95,300 units, 80,000 units have already been assigned to Nepalese citizens working abroad, 40,000 units were specifically reserved for mutual funds, and an additional 16,000 units were set aside for the company’s employees. The remaining 8,59,300 units were made available to the general public at a par value of Rs. 100.

    Data from the Central Depository System and Clearing Limited (CDSC) reveals that 873,180 applicants submitted applications for a combined total of 95,68,430 units, equivalent to a value of Rs. 95.69 Crores, as of the closing day. Consequently, the IPO has been oversubscribed by a remarkable 11.14 times.

    Analyzing the data, it is evident that only 85,930 fortunate applicants will secure ownership of the company.

    ICRA Nepal has reaffirmed the issuer rating of [ICRANP-IR] BB- (pronounced ICRA NP issuer rating double B minus) for Chirkhwa Hydropower Limited. Companies with this rating are assessed to carry a moderate risk of default when it comes to meeting their financial obligations promptly.

  • Mirmire Laghubitta FPO Allotment Set for Thursday with Overwhelming Demand

    Mirmire Laghubitta FPO Allotment Set for Thursday with Overwhelming Demand


    The FPO (Follow-on Public Offering) allotment for Mirmire Laghubitta Bittiya Sanstha Limited (MMFDB) is scheduled for this Thursday, which falls on the 16th of Kartik, 2080, as per the Nepali calendar. The allocation event will take place at the premises of Nepal SBI Merchant Banking Limited in Hattisar, Kathmandu, beginning at 8:30 AM.

    As of the present, the company’s paid-up capital amounts to Rs. 65.33 crores. Within this, 71% of the shares, equivalent to 4,639,019 units, are held by the promoter shareholders, while the remaining 29%, totaling 1,894,810 units, are in the hands of public shareholders. According to the regulations of the Banks and Financial Institutions Act of 2073 and the Nepal Rastra Bank (NRB), a minimum of 30% of the issued capital must be retained by public shareholders. Consequently, the company issued 1,23,816.45 units of FPO shares to the general public. This issuance will bring about a shift in the promoter-public share structure from the existing 71:29 ratio to a 70:30 ratio.

    Based on data from the Central Depository System and Clearing Limited (CDSC), the FPO received approximately 12,12,109 applications, amounting to a total of 1,38,83,730 units of shares applied for until the closing day. Consequently, the FPO was oversubscribed by a staggering 112.13 times in terms of the number of units applied for by ordinary applicants.

    Examining the data, it becomes evident that only 12,381 fortunate applicants will secure ownership of the company.

    CARE Ratings Nepal Limited (CRNL) has assigned a rating of CARE-NP BB- (Is) to Mirmire Laghubitta Bittiya Sanstha Limited. Companies with this rating are deemed to present a moderate risk of default in terms of meeting their financial obligations in Nepal.

  • NEPSE Index Declines as Market Records Mixed Performances among Stocks and Sectors

    NEPSE Index Declines as Market Records Mixed Performances among Stocks and Sectors


    The Nepal Stock Exchange (NEPSE) Index concluded the day at 1,864.40 points, recording a decline of 14.29 points, or 0.76%, compared to the previous day’s closing. The index had made a slight gain of 3.04 points during the last trading session.

    The trading day began with the index opening at 1,878.29, reaching an intraday low of 1,860.47, and touching an intraday high of 1,878.98.

    Throughout today’s trading activities, a total of 286 different stocks were traded in 25,625 transactions. The volume of shares traded amounted to 2,258,187 units, with a cumulative turnover of Rs. 57.14 Crore. The market capitalization stood at Rs. 28.71 Kharba, and the float market capitalization was at Rs. 10.07 Kharba.

    SuryaJyoti Life Insurance Company Limited (SJLIC) had the highest turnover for the day, with a trading value of Rs. 1.70 crores, and it closed at a market price of Rs. 480.

    Similarly, Mahuli Laghubitta Bittiya Sanstha Limited (MSLB) exhibited the most significant gain, with a rise of 6.05% in its value during today’s trading.

    On the other hand, Sonapur Minerals And Oil Limited (SONA) experienced the most substantial loss, declining by 9.98% today. The stock entered a negative circuit for three consecutive days, resulting in this decline in its trading value.

    In terms of sector indices, all sectors closed in the red. The “Life Insurance” sector saw the most significant loss, with a decrease of 1.46%, while the “Others Index” recorded the smallest loss of 0.26% for the day.

  • Struggles of Newly Listed Companies: SONA and GCIL Face IPO Price Pressures in Secondary Market

    Struggles of Newly Listed Companies: SONA and GCIL Face IPO Price Pressures in Secondary Market


    Sonapur Minerals and Oil Limited (SONA) had its initial public offering (IPO) priced at Rs. 237.58 per share, but after entering the secondary market, it encountered ongoing difficulties. The stock experienced a troubling pattern, with negative circuit breakers triggered for three consecutive days, causing a significant decline in its trading value.

    Currently, SONA’s share price is hovering near its IPO price at Rs. 255.20 per share, reflecting a substantial decrease of approximately 9.98% from its last closing price. Experts in the market speculate that there might be continued selling pressure, which could push the stock into another circuit breaker situation below its initial price.

    SONA has a total of 30,750,500 shares listed on the Nepal Stock Exchange (NEPSE). Among these, 12,165,680 shares were offered to the general public at a premium of Rs. 237.58 (consisting of Rs. 100 face value and Rs. 137.58 premium), while 1,34,520 shares were allocated to project-affected locals at Rs. 225 per share (comprising Rs. 100 face value and Rs. 125 premium).

    The stock began trading at Rs. 350 on Sunday, with an opening range of Rs. 142.01 to Rs. 426.03. However, it hit a 10% negative circuit breaker on both the first day and Monday, resulting in a substantial decline of about 27.08% from its opening price.

    In a similar vein, Ghorahi Cement Industry Limited (GCIL) encountered a comparable situation in the secondary market. The company’s IPO was launched at a premium price of Rs. 435 per share, but in subsequent trading days, its shares consistently traded below the issued price.

    As of the most recent update, GCIL’s shares are trading at Rs. 390, marking a significant decrease of approximately 13.33% from its IPO price. The company has struggled to maintain its value in the secondary market, leading to concerns among investors and market observers about its performance and future prospects.

    The challenges faced by SONA and GCIL in the secondary market highlight the difficulties newly listed companies encounter. Investors and stakeholders are actively evaluating the factors contributing to this decline and considering potential strategies these companies might employ to regain their standing in the market.

  • Nepali haru khattam ki Nepal banaune khattam (no idea)

    Nepali haru khattam ki Nepal banaune khattam (no idea)


    Kura k ho vane ma minor age Huda dmat account banaya IPO varey eauta laghubitta paryo ma aaile 19 running vaya bank bata call garera major account banaunu vanera call aayo dmat kholda Baba sanga gayara kholey aaba major banauna bank Jada Baba liyara aau ani matra banauna milcha vanyo mero Baba aaile abroad hununcha maile bank KO head office gayara sabai vane Baba navaie mildaina vannu bhayo baba navaysi mummy liyara gayara major banauchu Vanda ni mannu vayana baba nai caheincha vannu vayo aaba mero share I’d khuldaina maile tyo I’d chalauna ni mildaina ipo vanena ni mildaina feri eauta Vanda dmat banauna ni mildaina vanchan kei Idea china yesbare aaile sammmaa Kati paarthyo hola yo Saab hisab kasle garne k yestai ho Nepal ko system kei suggestions dinu paryo hajur!

    View on r/NepalStock by ajgpj2004

  • Mathillo Mailun Khola Jalvidhyut IPO Allotment Concluded; 128,420 out of 11,85,642 Valid Applicants Get 10 Units Each

    Mathillo Mailun Khola Jalvidhyut IPO Allotment Concluded; 128,420 out of 11,85,642 Valid Applicants Get 10 Units Each


    The IPO allotment process for Mathillo Mailun Khola Jalvidhyut Limited has been successfully completed at the offices of the issue manager, Sanima Capital Limited in Kathmandu. The company had previously offered 12,84,200 unit IPO shares at a par value of Rs. 100 to the general public during the period from the 18th to the 22nd of Ashwin in the year 2080.

    Prior to this, the company had issued 10,00,000 unit shares to project-affected individuals from Rasuwa and Nuwakot Districts, of which only 990,800 units were allocated to eligible applicants. Consequently, the remaining 9,200 units of unsubscribed shares from project-affected locals were combined with the 15,00,000 units designated for the general public.

    Out of the total 15,09,200 units offered to the public, 1,50,000 units were already issued and assigned to Nepalese citizens working abroad, and 75,000 units were allocated for mutual funds. The remaining 12,84,200 units were earmarked for the general public.

    The IPO offering received an overwhelming response with applications from 11,85,642 valid applicants who collectively applied for a total of 1,28,66,060 units. This level of interest resulted in an oversubscription rate of over 10.01 times. In accordance with the allotment module, 128,420 applicants were selected via lottery and allotted 10 units each, while the remaining 10,57,222 applicants did not receive any shares.

    Furthermore, 75,000 units were allotted to mutual funds, and 4,654 applicants who had applied for 65,220 units were disqualified from receiving any shares.

    The IPO results are accessible through CDSC IPO Result, MeroShare, and Sanima Capital Limited. Additionally, CARE Ratings Nepal Limited (CRNL) has assigned a ‘CARE-NP BB-‘ rating to Mathillo Mailun Khola Jalvidhyut Limited, indicating a moderate risk of default concerning the timely servicing of financial obligations in Nepal.

    Mathillo Mailun Khola Jalvidhyut Limited is a public limited company, established on August 14, 2012. It is promoted by institutional investors, predominantly associated with the Sanima Hydro group, as well as other institutions such as banks and insurance companies. The company’s primary purpose is to establish a 14.3 MW run-of-river Mathillo Mailun Khola Jalvidhyut Project in the BOOT (Build, Own, Operate and Transfer) mechanism, situated in the Rasuwa district of Nepal.

  • RSDC Reports 6.65% Growth in Net Profit in First Quarter of Fiscal Year 2080/81

    RSDC Reports 6.65% Growth in Net Profit in First Quarter of Fiscal Year 2080/81


    RSDC Laghubitta Bittiya Sanstha Limited (RSDC) has recently released its first quarterly report for the fiscal year 2080/81, revealing several noteworthy findings. One of the most significant highlights is the impressive growth in net profit, which increased by 6.65%. During the first quarter, RSDC reported a net profit of Rs. 4.07 crores, a marked improvement compared to the Rs. 3.82 crores in the same period of the previous year.

    The report also emphasizes a substantial rise in borrowings, which surged by 9.05% in the first quarter of 2080/81, reaching a total of Rs. 5.90 Arba.

    RSDC reported a substantial reduction of 101.98% in impairment charges. This decline signifies improved asset quality and risk management within the organization. However, the company’s expenses related to personnel increased by 6.32%, reaching Rs. 1.21 crores by the end of Ashwin.

    Net Interest Income, the primary revenue stream for microfinance companies, experienced a decrease of 10.96%, totaling Rs. 6.81 crores in the first quarter of the fiscal year 2080/81. This decline may be reflective of broader economic conditions.

    Although at a relatively low level, the Non-Performing Loan (NPL) ratio increased to 1.49% in the first quarter of the financial year 2080/81.

    RSDC maintains a paid-up capital of Rs. 86.95 crores, with a distributable profit of Rs. 10.13 crores to be distributed to its shareholders, indicating the company’s sound financial position.

    The Net Worth per Share has remained nearly constant at Rs. 126.93.

    It is worth noting that the company has proposed a dividend of 9.0528% (comprising 8.6% bonus shares worth Rs. 7.47 Crores and 0.4528% in cash dividends worth Rs. 39.35 lakhs) for the fiscal year 2079/80.