Tag: nepalese

  • Nepal Warehousing Company IPO for Foreign Nepalese Immigrants Oversubscribed 5.71 Times, Closing Today

    Nepal Warehousing Company IPO for Foreign Nepalese Immigrants Oversubscribed 5.71 Times, Closing Today


    Nepal Warehousing Company is set to conclude the issuance of its Initial Public Offering (IPO) for Foreign Nepalese Immigrants today, marking the 24th of Kartik as the closing day. The IPO, which opened on the 10th of Kartik, 2080, has a total issued capital of Rs. 68.75 Crores. Of this, 20%, equivalent to 13,75,000 unit shares worth Rs. 13.75 Crores, will be allocated for the general public. Within this public issue, 10% of the shares, totaling 1,37,500 units, have been earmarked for Nepalese citizens working abroad, and the subscription for this segment will close today.

    Out of the 13,75,000 units, 68,750 units (5% of the total) are reserved for mutual funds, and 27,500 units (2% of the total) are designated for the company’s employees. The remaining 11,41,250 units are available for the general public. Himalayan Capital is appointed as the issue manager for the IPO, with a minimum application quantity of 10 units and a maximum of 50,000 units.

    As per the Central Depository and Clearing Company (CDSC), substantial interest has been seen in the IPO, with 32,605 applicants applying for a total of 7,86,220 units. Consequently, the issue has already been oversubscribed by 5.71 times as of 10 AM today.

    ICRA Nepal has reaffirmed the issuer rating of [ICRANP-IR] BB- to Nepal Warehousing Company Limited. This rating suggests a moderate risk of default regarding the timely servicing of financial obligations for the company.

    Established under the Company Act, 2063 of Nepal, Nepal Warehousing Company aims to address the warehousing needs of farmers, traders, millers, and businessmen involved in grain trade for commercial and industrial purposes. The company seeks to combat post-harvest losses, maintain product quality, and address the challenge of preserving grains in a conducive environment. To achieve this, the company has installed high-quality silos with a capacity of 55,000 MT at three different locations in provinces 1, 2, and Lumbini province.

  • Muktinath Krishi Company’s Foreign Nepalese Immigrants IPO Sees Significant Oversubscription, Closing Today

    Muktinath Krishi Company’s Foreign Nepalese Immigrants IPO Sees Significant Oversubscription, Closing Today


    Muktinath Krishi Company Limited is concluding the issuance of its Initial Public Offering (IPO) for Foreign Nepalese Immigrants today, marking the 24th of Kartik as the closing date. The IPO was initiated on the 10th of Kartik, 2080.

    With an issued capital of Rs. 70 Crores, the company plans to issue 14,00,000 unit shares worth Rs. 14 Crores to the general public, constituting 20% of the total capital. Specifically, 10% of these shares, totaling 140,000 units, have been earmarked for Nepalese citizens working abroad, and the application period for this segment is set to close today.

    NIMB Ace Capital serves as the appointed issue manager for this IPO. Interested applicants can apply for a minimum of 10 units and a maximum of 1,000 units. According to information from the Central Depository and Clearing Company (CDSC), the IPO has garnered substantial interest, with 32,883 applicants applying for a total of 7,70,900 units. Consequently, the issue has been oversubscribed by 5.50 times as of now.

    ICRA Nepal has reaffirmed the issuer rating of Muktinath Krishi Company Limited at [ICRANP-IR] BB- (pronounced ICRA NP Issuer Rating Double B minus). This rating implies a moderate risk of default regarding the timely servicing of financial obligations for the company.

    Muktinath Krishi Company is closely associated with Muktinath Bikash Bank, being the first public agricultural company established in 2075. The company’s mission is to play a managerial role in the agricultural value chain through campaigns such as “Krishak sanga Muktinath” and “Upabhoktaa sanga Muktinath,” aiming to enhance Nepal’s agricultural economy. Operating across more than 70 districts, with over 200 distribution channels and Agricultural Resource Centers, the company provides goods and services to support agricultural development nationwide.

  • Gold Price in Nepal Drops by Rs. 500 per Tola, Silver Remains Stable

    Gold Price in Nepal Drops by Rs. 500 per Tola, Silver Remains Stable


    The price of gold in Nepal has experienced a decrease of Rs. 500 per tola on the latest trading day. According to the official website of the Federation of Nepal Gold and Silver Dealers’ Association, the current price of fine gold stands at Rs. 1,15,400 per tola. This marks a slight decline from the previous day’s rate, which was Rs. 1,15,900 per tola. In parallel, Tejabi gold is now being traded at Rs. 1,14,850, representing a decrease from yesterday when it was priced at Rs. 115,350 per tola.

    In contrast to the fluctuations in the gold market, the price of silver has remained stable at Rs. 1,415 per tola in Nepal.

    On the global scale, the current price of gold is at USD $1,983.30, while silver is trading at $23.12 per ounce.

  • Himalayan Reinsurance Announces IPO for Nepalese Citizens Abroad, Aiming to Raise Rs. 61.8 Crores

    Himalayan Reinsurance Announces IPO for Nepalese Citizens Abroad, Aiming to Raise Rs. 61.8 Crores


    Himalayan Reinsurance Limited has announced its plans to issue an Initial Public Offering (IPO) aimed at Nepalese citizens working abroad. The company intends to offer 30,00,000 unit shares, and the subscription period will be open from the 21st Kartik, concluding on the 5th Mangsir in the year 2080.

    The total issued capital of the company stands at Rs. 10 Arba, out of which 30%, equivalent to 3,00,00,000 unit shares, will be made available to the public, including Nepalese citizens working abroad and the general public. Of this total issuance, 10% or 30,00,000 unit shares are specifically reserved for Nepalese citizens working abroad, with their subscription period commencing on the 21st Kartik.

    Additionally, 2% of the offered shares, totaling 600,000 units, have been set aside for the company’s employees, while 5% or 15,00,000 units have been allocated for mutual funds. The remaining 2,49,00,000 units will be made accessible to the general public at a later date.

    The shares are set to be issued at a price of Rs. 206 per share, which includes a premium of Rs. 106 per share on top of the Rs. 100 face value. This IPO offering is expected to raise Rs. 61.8 crores for the company.

    NMB Capital Limited has been appointed as the issue manager for this IPO. Investors can apply for a minimum of 10 units and have the opportunity to subscribe to a maximum of 300,000 units.

    Himalayan Reinsurance is the second reinsurance company in Nepal to issue an IPO. As a pioneering private-sector reinsurance firm, it specializes in providing reinsurance support to both Life and Non-Life Insurance Companies within Nepal and on an international scale. The company received its operational license in 2021.

    Prominent promoters of Himalayan Reinsurance include leading business conglomerates in Nepal and significant financial institutions, such as Golchha Group, Shanker Group, Infinity Holdings, and others, along with two major government-owned banks: Nepal Bank Limited and Rastriya Banijya Bank Limited.

    ICRA Nepal has reaffirmed Himalayan Reinsurance Limited with an issuer rating of [ICRANP-IR] A-. This rating reflects a reasonable degree of safety concerning the timely fulfillment of financial obligations, signifying low credit risk for investors.

  • IPO Shares by Nepal Warehousing Company for Nepalese Employed Abroad from Kartik 10

    IPO Shares by Nepal Warehousing Company for Nepalese Employed Abroad from Kartik 10


    Nepal Warehousing Company Limited (NWCL) presents a golden opportunity for Nepalese citizens working abroad with its Initial Public Offering (IPO). The IPO for overseas Nepalese citizens opens from the 10th to the 24th of Kartik, 2080, with no extension beyond the closing date. NWCL’s total issued capital stands at Rs. 68.75 Crores, and 20% of it, equivalent to 13,75,000 unit shares valued at Rs. 13.75 Crores, will be made available to the general public. Specifically, 10% of these shares, totaling 1,37,500 units, have been exclusively reserved for Nepalese citizens working abroad. Don’t miss this chance to invest in NWCL and be part of its exciting growth journey. Secure your shares today!

     

  • IPO Allotment: Vision Lumbini Urja Company Allocates Shares to Overseas Nepalese on 15th Ashwin

    IPO Allotment: Vision Lumbini Urja Company Allocates Shares to Overseas Nepalese on 15th Ashwin


    Vision Lumbini Urja Company Limited has completed its IPO share allocation to foreign Nepalese employees on September 30, 2023. The company has a total issued capital of Rs. 1.91 Arba, with 10% (19,12,500 units) of shares, worth Rs. 19.12 Crores, allocated to project-affected locals of Kaski District. An additional 10% (19,12,500 units) will be offered to the general public later. Out of this public offering, 10% (191,250 units) was designated for Nepalese citizens working abroad from August 19 to September 2, 2023.

    The IPO received a total of 29,822 applications for 7.52 lakh units of shares according to the allotment plan.

     

  • what are good dividend stocks?New to nepalese market.

    what are good dividend stocks?New to nepalese market.


    New to nepali market. In fact i dont even have an account in nepal. What are some good dividend stocks that have good fundamentals? Im looking for long term investments. Thanks!

    View on r/NepalStock by Gaweon2

  • “Gold Drops by Rs.700 Per Tola, Silver Down Rs.35 Per Tola in Nepalese Market Today”

    “Gold Drops by Rs.700 Per Tola, Silver Down Rs.35 Per Tola in Nepalese Market Today”


    The price of fine gold has fallen by Rs. 700 per tola compared to Tuesday’s trading. According to the Federation of Nepal Gold and Silver Dealers’ Association (FENEGOSIDA), fine gold is now valued at Rs. 1,12,000 per tola, while tejabi gold is priced at Rs. 111,450. In comparison, on Wednesday, fine gold was at Rs. 1,12,700 per tola, and tejabi gold was at Rs. 1,12,150.

    Similarly, the price of silver has also dropped today, decreasing by 35 rupees. The current price of silver stands at Rs. 1,410 per tola. In contrast, Wednesday’s silver price was Rs. 1,445 per tola.

     

  • “Vision Lumbini Urja IPO Open to Kaski District Locals and Nepalese Abroad; Extension Possible for Locals”

    “Vision Lumbini Urja IPO Open to Kaski District Locals and Nepalese Abroad; Extension Possible for Locals”


    Vision Lumbini Urja Company Limited has initiated an Initial Public Offering (IPO) that is open for subscription from the 19th of Bhadra until the 2nd of Ashwin, 2080. This IPO is available to project-affected locals of Kaski District and Nepalese citizens working abroad.

    It’s important to note that for residents of Kaski District, if the IPO is not fully subscribed by the early closing date, it may be extended until Ashwin 17. However, this extension option does not apply to Nepalese citizens working abroad.

    The total issued capital of the company amounts to Rs. 1.91 Arba, and out of this, 10%, equivalent to 19,12,500 unit shares valued at Rs. 19.12 Crores, has been set aside for project-affected locals of Kaski District.

     

  • “Vision Lumbini Urja IPO: Shares Offered to Kaski Locals and Nepalese Abroad from Bhadra 19”

    “Vision Lumbini Urja IPO: Shares Offered to Kaski Locals and Nepalese Abroad from Bhadra 19”


     

    Vision Lumbini Urja Company Limited has released a formal offer letter for its Initial Public Offering (IPO), targeting individuals affected by the project in Kaski District and Nepalese citizens employed overseas.

    The IPO subscription window, specifically tailored for local residents and Nepalese citizens working abroad, will be accessible from the 19th of Bhadra to the 2nd of Ashwin in the year 2080. It’s important to note that in the case of Kaski District residents, if the subscription remains undersubscribed by the initial closing date, the offering period may extend until the 17th of Ashwin. However, for Nepalese citizens working abroad, the IPO offering will not be prolonged beyond the initial closing date.

     

  • IMandu Hydropower Allots IPO Shares to Overseas Nepalese on 21st Shrawan

    IMandu Hydropower Allots IPO Shares to Overseas Nepalese on 21st Shrawan


     

    Mandu Hydropower Limited has assigned shares from its Initial Public Offering (IPO) to Nepalese individuals employed overseas. The distribution process ended on the 21st of Shrawan, 2080. This allotment event occurred at the office of Prabhu Capital Limited, the hydropower company’s designated issue manager, located in Kamaladi.

     

  • Chirkhwa Hydropower Issuing IPO Shares to Locals of Bhojpur District and Nepalese Employed Abroad from Shrawan 28

    Chirkhwa Hydropower Issuing IPO Shares to Locals of Bhojpur District and Nepalese Employed Abroad from Shrawan 28


     

    Chirkhwa Hydropower Limited has released an offer letter for an Initial Public Offering (IPO) available to locals affected by the project in Bhojpur District and Nepalese citizens working abroad. The IPO will be open from the 28th of Shrawan to the 10th of Bhadra, 2080. If the locals in Bhojpur District don’t fully subscribe to the IPO by the initial closing date, the deadline may be extended until Bhadra 25. However, this extension won’t apply to Nepalese citizens working abroad.