Tag: Nepal

  • Last Day to Claim Cash Dividend from NESDO: Act Now!

    Last Day to Claim Cash Dividend from NESDO: Act Now!


     

    Investors in Nesdo Sambridha Laghubitta Bittiya Sanstha Limited (NESDO) have a last chance to seize the proposed dividend as today marks the final day to claim this lucrative offering. NESDO has convened its 4th Annual General Meeting scheduled for the 26th of Ashwin, 2080, at the picturesque Royal Kushma Resort in Kusma, Parvat, beginning at 11 AM. Among the key agenda items, the AGM is set to endorse a generous 17.9342% cash dividend, equivalent to Rs. 4.57 Crores, for the fiscal year 2078/79. While the initial proposal in the 78th meeting of the company included a dividend of 73.6842%, covering bonus shares and cash dividends (including tax), it was later adjusted by the Nepal Rastra Bank to the approved percentage of 17.9342. NESDO’s current paid-up capital stands impressively at Rs. 25.50 Crores, solidifying its commitment to rewarding its valued shareholders and its continued growth in the financial sector. Don’t miss out on this opportunity to benefit from NESDO’s prosperous journey.

     

  • Deadline Extended for 97.32 Lakh IPO Shares of Sonapur Minerals and Oil as Issue Garners 1.05 Times Oversubscription

    Deadline Extended for 97.32 Lakh IPO Shares of Sonapur Minerals and Oil as Issue Garners 1.05 Times Oversubscription


    Sonapur Minerals and Oil Limited is extending a golden opportunity for investors by extending the deadline for its IPO shares issuance until the 28th of Ashwin, 2080. This IPO, which initially opened on the 14th of Ashwin, garnered tremendous interest, prompting the company to prolong the offering. Notably, Sonapur Minerals and Oil Limited had already allocated 15,37,525 unit shares to project-affected locals in Dang and Rolpa District, with 1,34,520 units assigned to eligible applicants. With the remaining 14,03,005 units now added to the pool, alongside 1,07,62,675 units (equivalent to 35% of the issued capital) reserved for the general public, a total of 12,165,680 units are up for grabs. This presents an exciting opportunity for potential investors to become part of a promising venture and secure their stake in Sonapur Minerals and Oil Limited.

     

  • NIC ASIA Capital Launches Idea to IPO Advisory for National Solar Power Company’s 7.24 Lakh Unit IPO

    NIC ASIA Capital Launches Idea to IPO Advisory for National Solar Power Company’s 7.24 Lakh Unit IPO


    NIC ASIA Capital has taken a significant step in fostering the growth of National Solar Power Company by entering into a transformative agreement. This partnership brings to life the “Idea to IPO” corporate advisory service, a comprehensive support package that extends from the inception of the company through to its IPO issuance and beyond. National Solar Power Company, with its current operation of a 5 MW solar energy project in Pratapur, Nawalparasi, is poised to expand its horizons by offering 7.24 lakh unit ordinary shares at a price of Rs. 100 per unit to the general public. With this collaboration, NIC ASIA Capital reaffirms its commitment to guiding companies on their journey from innovative ideas to thriving IPOs, propelling the solar energy sector towards a brighter and more sustainable future.

     

  • Sanima Reliance Life Insurance: 100% Delay Charges Waived for Policy Renewals Until Ashoj 26

    Sanima Reliance Life Insurance: 100% Delay Charges Waived for Policy Renewals Until Ashoj 26


    Sanima Reliance Life Insurance is putting its policyholders first with an exclusive policy renewal campaign from Ashoj 16 to 26, 2080. During this limited-time offer, policyholders who haven’t renewed their policies can seize the opportunity to do so with a remarkable 100% waiver on delay charges. This customer-centric initiative reflects the company’s commitment to providing flexibility and support to its valued clients. With this one-time scheme, Sanima Reliance Life Insurance aims to ensure that all its customers can continue to enjoy the benefits and security of their policies without the burden of additional charges. It’s a win-win opportunity for policyholders, emphasizing the company’s dedication to its clients’ financial well-being and peace of mind.

     

  • NEPSE Lists 4.75% Bonus Shares of Nepal Reinsurance Company

    NEPSE Lists 4.75% Bonus Shares of Nepal Reinsurance Company


     

    Nepal Reinsurance Company Limited (NRIC) sets a promising tone for investors with the listing of 58,10,437.50 units of bonus shares on NEPSE, reflecting the company’s commitment to shareholder value. NRIC’s 18th Annual General Meeting, held on the 15th of Ashad, marked a significant milestone as it endorsed a 5% dividend for the fiscal year 2078/79. Furthermore, the board of directors, in its 453rd meeting on Baisakh 17, decided to distribute 4.75% in bonus shares along with 0.25% cash dividend (intended for tax purposes), sourced from the company’s substantial paid-up capital of Rs. 12,23,25,00,000. This strategic move not only showcases NRIC’s dedication to rewarding its investors but also underscores its financial strength and stability in the insurance sector, making it an attractive proposition for those seeking sound investment opportunities.

     

  • NEPSE Index Rises 0.47%: Hotel and Tourism Sector Leads Gains

    NEPSE Index Rises 0.47%: Hotel and Tourism Sector Leads Gains


    Introducing the Nepal Stock Exchange (NEPSE) Index, a dynamic and resilient platform for investors seeking opportunities in the ever-evolving world of stocks. In today’s trading session, the NEPSE Index surged by an impressive 9.24 points, marking a 0.47% gain over the previous day’s closing, after a brief setback of 17.56 points. The trading day began with an opening index value of 1,958.87, reaching an intraday low of 1,957.23, but ultimately soaring to an intraday high of 1,976.19, showcasing its potential for both cautious and adventurous investors. With a whopping 284 diverse stocks traded in 58,741 transactions, totaling 4,323,021 units and an impressive turnover of Rs. 1.18 Arba, NEPSE proves itself as a bustling marketplace. Its market capitalization stands at a substantial Rs. 30 Kharba, with a float market capitalization of Rs. 10.56 Kharba, offering a wealth of investment opportunities and the promise of financial growth for those who dare to explore the possibilities it presents.

     

  • Where can i do currency exchange in Nepal?

    Where can i do currency exchange in Nepal?


    I have about 70 baht and 2 MYR left from my trip to Thailand and Malaysia. I’m currently in Nepal and I’m wondering where I can exchange this currency. Additionally, I also have some Singaporean coins.

    View on r/NepalStock by OrdinaryNepaliguy

  • Nepal stock market direction for 2022 and beyond

    Nepal stock market direction for 2022 and beyond


    Hey guys,

    What are your thoughts on the Nepal stock market? Where do you see it heading and what’s your outlook?

    Do you see much growth potential given the current economic and market conditions

    Wanted to create a discussion and share ideas.

    View on r/NepalStock by alextesla1990

  • How can we start financial independent retirement early (fire) movement in nepal?

    How can we start financial independent retirement early (fire) movement in nepal?


    I am keenly interested in fire movement and working hard to retire at early. However I am unable to find any like minded community in our country.

    View on r/NepalStock by Top_Possibility_4430

  • MEX Trade Nepal. Has anybody been trading commodities? If so do share some info on trading through MEX.

    MEX Trade Nepal. Has anybody been trading commodities? If so do share some info on trading through MEX.


    Confusion regarding membership fees and liability along with the requirements for trading commodities through MEX.

    View on r/NepalStock by dipankar77

  • Gold Drops by Rs. 5,600 Per Tola in a Week, Now at Rs. 106,600

    Gold Drops by Rs. 5,600 Per Tola in a Week, Now at Rs. 106,600


    In the local market today, the price of fine gold has decreased by Rs. 1,300 per tola. According to the Federation of Nepal Gold and Silver Dealers’ Association’s official website, fine gold is currently trading at Rs. 1,06,600 per tola, down from yesterday’s rate of Rs. 107,900 per tola. Tejabi gold is also trading lower at Rs. 1,06,100 today, compared to yesterday’s rate of Rs. 107,400 per tola.

    Additionally, silver has experienced a decrease of Rs. 30 per tola and is currently being traded at Rs. 1,310 per tola, down from the previous day’s closing rate of Rs. 1,340 per tola.

     

  • GIBF1 Proposes 5% Cash Dividend for FY 2079/80

    GIBF1 Proposes 5% Cash Dividend for FY 2079/80


     

    Global IME Balance Fund-I (GIBF1) plans to provide a 5% cash dividend to its unit holders for the fiscal year 2079/80. This decision was made during the 165th board meeting of Global IME Capital Limited on October 1, 2023 (Ashwin 15). The cash dividend amounts to Rs. 5.12 Crores and will be distributed to the unitholders of GIBF1.

    GIBF1 is a closed-end fund with a maturity period of 10 years and a fund size of Rs. 1.02 Arba.