Tag: NIMB

  • Nepal Investment Mega Bank Successfully Concludes Allotment for 10% Debenture 2090 Public Issue

    Nepal Investment Mega Bank Successfully Concludes Allotment for 10% Debenture 2090 Public Issue


    Nepal Investment Mega Bank Limited (NIMB) has recently completed the allotment process for the public offering of the “10% NIMB Debenture 2090” on the 10th of Falgun, 2080. The issuance, which commenced on the 1st of Falgun, concluded on the 4th of Falgun, 2080.

    A total of 40.40 lakh units were made available during the issuance, each having a par value of Rs. 1000. Out of the entire unit allocation, 60%, equivalent to 24.24 lakh units, was designated for subscription through private placement. Meanwhile, the remaining 16.16 lakh units, valued at Rs. 1.61 Arba, were open for public subscription. Additionally, 5%, amounting to 80.80 thousand units, were specifically set aside for mutual funds. The overall funds to be generated from this issuance are expected to total Rs. 4.40 Arba.

    The “10% NIMB Debenture 2090” is aptly named, signifying its nature as a debenture with a maturity period spanning 10 years and a fixed coupon rate of 10%. Prabhu Capital Limited played the role of the issue manager throughout this process.

  • Closing Today: 10% NIMB Debenture 2090 Public Issue

    Closing Today: 10% NIMB Debenture 2090 Public Issue


     

    Nepal Investment Mega Bank Limited (NIMB) is wrapping up the offering of 40,40,000 units of “10% NIMB Debenture 2090” to both the general public and institutions, starting from today, 4th Falgun, 2080. These debentures, with a maturity period of 10 years and a coupon rate of 10%, were available for application since the 1st Falgun, 2080.

    Each unit of the debenture, priced at Rs. 1000, will see 60% or 24.24 lakh units subscribed via private placement. The remaining 16.16 lakh units, equivalent to Rs. 1.61 Arba, are open for public issuance, with an additional 5% or 80.80 thousand units allocated for mutual funds. In total, the issuance aims to raise Rs. 4.40 Arba.

  • Nepal Investment Mega Bank to Issue Rs. 4.40 Arba “10% NIMB Debenture 2090” from 1st Falgun

    Nepal Investment Mega Bank to Issue Rs. 4.40 Arba “10% NIMB Debenture 2090” from 1st Falgun


    Nepal Investment Mega Bank Limited (NIMB) has released an offer letter announcing the issuance of 40,40,000 units of “10% NIMB Debenture 2090” to the general public. This debenture comes with a 10-year maturity period and a 10% coupon rate, and the application period is set from 1st Falgun to 4th Falgun, 2080. In case of undersubscription, the deadline may be extended to Falgun 15, 2080.

    The units, valued at Rs. 1000 each, will amount to a total of 40.40 lakh units. Of these, 60%, equivalent to 24.24 lakh units, will be subscribed through private placement. The remaining 16.16 lakh units, valued at Rs. 1.61 Arba, will be available for public issuance. Additionally, 5%, or 80.80 thousand units, will be allocated for mutual funds. The total fund raised from this issuance is anticipated to be Rs. 4.40 Arba.

     

  • NIMB Ace, Mount Everest Power: 2.58M shares (30%) for 12MW Dudhkunda Khola Project

    NIMB Ace, Mount Everest Power: 2.58M shares (30%) for 12MW Dudhkunda Khola Project


    NIMB Ace Capital Limited and Mount Everest Power Development Limited have entered into an agreement for the issuance of 2,580,000 ordinary shares. These shares will be made available to local residents in areas affected by the project and the general public, constituting 30 percent of the total issued capital. The signing ceremony included Mr. Arjun Prasad Poudel, the Chairman of Mount Everest Power Development Limited, and Sachindra Dhungana, the General Manager of NIMB Ace Capital Limited.

    The focus of Mount Everest Power Development Limited is on the ongoing construction of the Dudhkunda Khola Hydroelectricity Project, boasting a 12 Mega Watt capacity. This project utilizes water from the Dudhkunda River and is situated in the Solukhumbu district. Remarkably, more than 80 percent of the construction work for this hydroelectric project has already been completed.

    Under the terms of the agreement, NIMB Ace Capital Limited will provide Securities Issuance and Sales Manager services. This role involves overseeing all operations related to the public issue and management of ordinary shares for Mount Everest Power Development Limited. The collaboration aims to facilitate the allocation of shares to local residents and the broader public, contributing to the development and progress of the Dudhkunda Khola Hydroelectricity Project.

  • NIMB Ace Capital Extends ‘NIBL Stable Fund’ Deadline Due to Low Initial Applications

    NIMB Ace Capital Extends ‘NIBL Stable Fund’ Deadline Due to Low Initial Applications


    NIMB Ace Capital Limited has decided to extend the deadline for the “NIBL Stable Fund” mutual fund scheme to the general public and institutions until the 16th of Magh, 2080. Originally set to close on the 5th Magh, 2080, the extension was prompted by the scheme’s insufficient applications. Out of a total of 10 crore unit shares, 1% (10 lakh units worth Rs. 1 crore) has been allocated to the scheme manager NIMB Ace Capital Limited, 14% (1.4 crore units worth Rs. 14 crore) to the fund sponsor Nepal Investment Mega Bank Limited, and the remaining 8.5 crore units worth Rs. 85 crore are open for subscription from the general public. The “NIBL Stable Fund” operates as a closed-end fund, allowing applicants to apply for a minimum of 100 units and a maximum of 1,00,00,000 units.

    As per the information from the Central Depository System and Clearing Limited (CDSC), the scheme has received applications from 20,264 individuals, amounting to 2,38,16,750 units worth Rs. 23.81 Crore, as of 5 pm yesterday. Currently, “NIBL Mutual Fund” operates four closed-end schemes – “NIBL Pragati Fund,” “NIBL Samriddhi Fund-II,” “NIBL Growth Fund,” and “Mega Mutual Fund 1” – along with one open-ended Mutual Fund Scheme, “NIBL Sahabhagita Fund.” The first scheme under NIBL Mutual Fund, NIBL Samriddhi Fund-I, has successfully completed its operation after 7 years, distributing total cash dividends of 98.50% to unit-holders, equivalent to an approximately 18% effective rate per annum. Notably, NIBL Mutual Fund has introduced the first-ever open-ended mutual fund scheme in Nepal, “NIBL Sahabhagita Fund,” following the Mutual Fund Regulation 2067.

  • Prudential Capital Initiates Auction for Promoter Shares in Six Financial Institutions

    Prudential Capital Initiates Auction for Promoter Shares in Six Financial Institutions


    Prudential Capital Management Company Limited has initiated the auction of promoter shares from six financial institutions, namely Prabhu Bank Limited (PRVU), ICFC Finance Limited (ICFC), Nepal Life Insurance Company Limited (NLIC), Nepal Investment Mega Bank (NIMB), Kumari Bank Limited (KBL), and Prime Commercial Bank Limited (PCBL). The auction, spanning from the 11th Poush to the 19th Poush, 2080, is open to qualified interested parties, including promoter shareholders, the general public, and institutions.

    The auction involves 68,729 units of promoter shares from Prabhu Bank Limited, each with a minimum bid rate of Rs. 110 per unit. Interested bidders must meet a minimum bid quantity of 5,000 units. Similarly, Prudential Capital Management is offering 92,616 units of promoter shares from ICFC Finance Limited for auction, with a minimum bid rate set at Rs. 175 per unit and a minimum bid quantity of 10,000 units.

    For Nepal Life Insurance Company Limited, the auction encompasses 5,23,112 units of promoter shares, each available at a minimum bid rate of Rs. 325, and a minimum bid quantity of 10,000 units. Additionally, Prudential Capital Management is selling 1,09,678 units of promoter shares from Nepal Investment Mega Bank Limited with a minimum bid rate of Rs. 120 per unit and a minimum bid quantity of 10,000 units.

    The auction includes 5,49,626 units of promoter shares from Kumari Bank Limited, with a minimum bid rate set at Rs. 100 per unit, and a minimum bid quantity of 25,000 units. Furthermore, Prudential Capital Management is auctioning 49,717 units of promoter shares from Prime Commercial Bank Limited, with a minimum bid rate of Rs. 110 per unit and a minimum bid quantity of 5,000 units.

    Bidders are reminded to adhere to the regulations set by both Nepal Rastra Bank and Nepal Insurance Authority to ensure compliance with the specified quantity of shares per entity. Qualified interested parties, including promoter shareholders, the general public, and institutions, can participate in the auction until the 19th Poush. NIC Asia Capital Limited is designated as the auction manager for all six auctions.

  • Nepal Investment Mega Bank’s 10% NIMB Debenture 2090 Secures Regulatory Approval

    Nepal Investment Mega Bank’s 10% NIMB Debenture 2090 Secures Regulatory Approval


    The Securities Board of Nepal has granted approval for Nepal Investment Mega Bank Limited’s “10% NIMB Debenture 2090.” The regulatory nod was received on Poush 2, 2080.

    The debenture issuance, titled “10% NIMB Debenture 2090,” comprises a total of 40.40 lakh units, with each unit having a par value of Rs. 1,000. Out of the total units, 16.16 lakh will be made available to the general public, while the remaining 24.24 lakh units will be subscribed via private placement.

    Prabhu Capital Limited has been appointed as the issue manager for the debenture issuance.

    As indicated by its name, the “10% NIMB Debenture 2090” comes with a maturity period of 10 years, set to mature in the year 2090 BS. Unitholders of the debenture can expect a 10% annual return on their investment.

  • Is it a good time to buy NIMB or any suggestions?

    Is it a good time to buy NIMB or any suggestions?


    Im new to trading and i was wandering if it is a good time to buy NIMB? If no can you suggest any? I recently baught NABIL and GBIME.


    View on r/NepalStock by rubin1200


  • “HBL and NIMB Call on Shareholders to Collect Pending Dividends”

    “HBL and NIMB Call on Shareholders to Collect Pending Dividends”


     

    Shareholders who have not yet collected dividends approved during the company’s annual general meetings (AGMs) are required to submit their share certificates and identification proof to Himalayan Capital Limited, located in Thamel, Kathmandu. This is necessary along with copies of relevant documents to claim the pending dividends. If this step is not taken, in accordance with section 183 of the Companies Act, 2063, the unpaid dividends will be placed into the “Investor Protection Fund”.

     

  • “NIMB Ace Capital Concludes Citizen Life Insurance IPO Allotment; Foreign Applicants Receive 10 to 50 Unit Shares”

    “NIMB Ace Capital Concludes Citizen Life Insurance IPO Allotment; Foreign Applicants Receive 10 to 50 Unit Shares”


     

    The life insurance company recently offered its regular shares to the public at a premium price of Rs 244 per share, starting from Asar 31 to Shrawan 14, 2080. According to a press release, the company distributed shares based on different categories of applicants. Around 7,885 applicants received shares based on their requested quantity within the range of 10 to 40 units. Additionally, 19,743 applicants who had applied for 50 to 2000 units were allotted 40-unit shares each. In a stroke of luck, 18,029 applicants from the latter group were selected through a lucky draw to receive an extra 10-unit shares.

  • “NIMB Ace Capital’s Mutual Funds NAV Report for Ashad; Dividends Expected for Two Schemes”

    “NIMB Ace Capital’s Mutual Funds NAV Report for Ashad; Dividends Expected for Two Schemes”


    NIBL Pragati Fund (NIBLPF), a 7-year closed-end mutual fund scheme, has reported an increase in its Net Asset Value (NAV) for the month of Ashad.

    The financial report reveals that the NAV of the mutual fund scheme has risen to Rs. 10.68 at the end of Ashad, 2080, compared to Rs. 10.28 in the previous month. The scheme began with a total fund of Rs. 75 crore and made investments of Rs. 49.40 crore in listed shares and Rs. 14.46 crore in public issues, right shares, and bonus shares. It also holds Rs. 15.35 crores in its bank balance.