Tag: NT

  • Mai Khola Hydropower Limited Lists 39,21,568 Units of IPO Shares on NEPSE

    Mai Khola Hydropower Limited Lists 39,21,568 Units of IPO Shares on NEPSE


    Mai Khola Hydropower Limited has successfully listed 39,21,568 units of IPO shares on the Nepal Stock Exchange (NEPSE). This figure includes shares held by the promoters, as well as shares issued to project-affected locals and the general public.

    The initial trading range for these shares is set between Rs. 111.67 and Rs. 335.01. If the company enters into an agreement with NEPSE, the IPO shares will be eligible for trading on the secondary market the following day.

    Among the total shares available, 12,69,411 units worth Rs. 12.69 Crore were specifically issued as Initial Public Offerings to the general public during the period of Baisakh 8-12, 2080.

  • NEPSE Index Ends the Day with a 0.18% Loss

    NEPSE Index Ends the Day with a 0.18% Loss


    The NEPSE index closed today at 1,818.31, reflecting a decrease of 3.34 points or 0.18% from the previous trading day’s closing. Yesterday, the index experienced a more significant loss of 16.96 points.

    The trading day began with the index opening at 1,821.81. Throughout the day, it reached an intraday low of 1,807.53 and a high of 1,826.65, before ultimately closing at 1,818.31.

    In terms of trading activity, there were 20,158 transactions involving 266 scrips. A total of 2,341,240 shares were exchanged, with a turnover amount of Rs. 72.49 Crores. This turnover was lower compared to the previous trading day’s turnover of Rs. 90.05 Crores.

    Among the traded stocks, NIC Asia Bank Limited (NICA) had the highest turnover of Rs. 3.04 crores, closing at a market price of Rs. 694.60 per share. Additionally, the shares of PRVU were the most actively traded.

    In terms of individual stock performance, NIBL Growth Fund (NIBLGF) recorded the highest gain of 9.88% for the day. On the other hand, Sagarmatha Lumbini Insurance Co. Limited (SALICO) experienced the highest loss of 6.45%.

    Regarding sector indices, only four closed in the green. The “Manufacturing and Processing” sector index saw the highest gain of 0.52%, while the “Non-Life Insurance” sector index experienced the highest loss of 0.62%.

    Overall, the NEPSE index ended the day with a slight loss, accompanied by fluctuations in individual stock prices and sector indices.

  • Balephi Hydropower’s Challenging Q3: Net Losses, Administrative Expenses Surge, and Strategies for Financial Recovery

    Balephi Hydropower’s Challenging Q3: Net Losses, Administrative Expenses Surge, and Strategies for Financial Recovery


    Balephi Hydropower Limited (BHL) has released its third-quarter report for the current fiscal year, revealing a significant net loss of Rs. 23.72 crores. In comparison, during the third quarter of the previous fiscal year 2078/79, the company had reported a net loss of Rs. 6.06 lakhs.

    During the third quarter of the current fiscal year, BHL experienced a substantial increase in administrative expenses, reaching Rs. 25.59 lakhs. Additionally, the company had to bear financial costs amounting to Rs. 31.19 crores up to the third quarter of FY 079/80.

    With an Earnings per Share (EPS) of Rs. -17.30 and a below-average net worth of Rs. 81.93, BHL faces financial challenges. However, the company managed to generate revenue of Rs. 35.93 crores from the sale of power until the end of the third quarter of the ongoing fiscal year.

    According to the management analysis, BHL incurred significant penalties from the Nepal Electricity Authority (NEA) for surpassing the Required Commercial Operation Date (RCOD) as outlined in the Power Purchase Agreement (PPA).

    BHL is optimistic that once the RCOD issue is resolved, the company will generate sufficient cash revenue to meet its financial and operational obligations. To improve its cash flow, the company plans to issue right shares.

    In a meeting held on Falgun 12, 2079, the board of directors of BHL decided to propose the issuance of rights shares in a ratio of 1:0.5 in the next annual general meeting. The proposal aims to utilize the then-paid-up capital of Rs. 1.827 Arba, resulting in an enhanced paid-up capital of Rs. 2.74 Arba after the 50% right issue.

    At the end of the third quarter of this fiscal year, BHL’s closing share price stood at Rs. 321. Additionally, the company successfully increased its paid-up capital by 10.50%, amounting to Rs. 1.82 Arba.

  • NEPSE Index Records Weekly Loss

    NEPSE Index Records Weekly Loss


    The NEPSE Index, the stock market index of Nepal, concluded the week at a level of 1,838.59, representing a loss of 31.14 points or 1.67%. This decrease follows a similar 1.67% decline from the previous week when the index closed at 1,869.73.

    Throughout the week, the index displayed volatility, with a high of 1,872.22 and a low of 1,825.83. This indicates a range of 37.68 points, which is slightly lower than the 46.39 points of volatility observed in the previous week.

    Analyzing the trend data on daily charts, it is evident that both the short-term and mid-term trends are downward. Each day, the index has been making lower lows, indicating a bearish market sentiment prevailing in the market.

    On Tuesday, there was a notable intraday gain of 10.67 points, accompanied by a turnover of Rs 0.77 Arba. However, the total turnover for the week amounted to Rs 3.25 Arba, indicating moderate trading activity.

    Overall, the NEPSE Index experienced a downward trend during the week, characterized by volatility and declining values. Investors witnessed a bearish market sentiment with the index consistently making lower lows.

  • Sagarmatha Lumbini Insurance Company (SALICO) Lists 26,226,382 Shares After Merger of SIC and LGIL

    Sagarmatha Lumbini Insurance Company (SALICO) Lists 26,226,382 Shares After Merger of SIC and LGIL


    Sagarmatha Lumbini Insurance Company Limited (SALICO) has listed 26,226,382 shares on the Nepal Stock Exchange (NEPSE) following a successful merger between Lumbini General Insurance Limited (LGIL) and Sagarmatha Insurance Company Limited (SIC).

    The merger agreement between SIC and LGIL was signed on 30 Ashad, 2079. The swap ratio for the merger was set at 100:80, resulting in a 20% decrease in the number of LGIL shareholders. After the merger, the total listed shares of SIC and LGIL combined amounted to 26,226,382 units.

    Following the successful merger, SIC and LGIL began conducting joint operations under the name Sagarmatha Lumbini Insurance Company Limited (SALICO) starting from Falgun 29, 2079. Consequently, the listed shares will be traded under the symbol “SALICO.”

    The opening price range for the initial transactions has been set at Rs. 599.12.

  • Taragaon Regency Hotel Reports Staggering 476.52% Surge in Net Profit for Q3 2079/80

    Taragaon Regency Hotel Reports Staggering 476.52% Surge in Net Profit for Q3 2079/80


    Taragaon Regency Hotel (TRH) has released its third-quarter report for the fiscal year 2079/80, showcasing a remarkable surge in Net Profit by 476.52% compared to the corresponding quarter of the previous fiscal year. The company has achieved an impressive Net Profit of Rs. 23.88 crores.

    TRH, the operator of Hyatt Regency Hotel, has also experienced growth in investments, increasing them by 27% and reaching a total investment value of Rs. 1.32 Arba.

    Furthermore, the company has witnessed a significant increase in revenue from its operations, with a rise of 116.64% to Rs. 90.61 crores in the third quarter of the current fiscal year, contributing to its overall profitability.

    With a paid-up capital of Rs. 1.88 Arba, TRH has added 82.79% to its reserves, amounting to Rs. 51.39 crores, indicating a favorable financial position for the company.

    TRH maintains an impressive Earning per Share (EPS) of Rs. 16.88, surpassing the previous EPS of Rs. 2.93.

    Similarly, Taragaon Regency Hotel boasts a Net Worth per Share of Rs. 127.24 and a Price per Earning (P/E) Ratio of 27.55 times.

    Meanwhile, the closing price of the company’s shares stood at Rs. 465 at the end of the third quarter of the current fiscal year.

  • Citizen Investment Trust’s Proposal: A 26.3158% Dividend for the Fiscal Year 2078/79

    Citizen Investment Trust’s Proposal: A 26.3158% Dividend for the Fiscal Year 2078/79


    Citizen Investment Trust (CIT) has put forward a proposal to distribute a 26.3158% dividend for the fiscal year 2078/79. The decision was made during a board of directors meeting held on Baisakh 29. The proposed dividend consists of a 25% bonus shares allocation and a 1.3158% cash dividend (for tax purposes). The current paid-up capital of CIT stands at Rs 4,251,000,576.

    It is important to note that the dividend proposal is subject to approval from the Ministry of Finance, Nepal Government, and the upcoming Annual General Meeting (AGM).

    As of the latest trading day, CIT’s closing price stands at Rs. 2,011.

  • Workshop on ‘Road to IPO’ Equips Corporate Houses with Legal and Financial Insights

    Workshop on ‘Road to IPO’ Equips Corporate Houses with Legal and Financial Insights


    Collaboratively organized by NIBL Ace Capital Ltd., Express Services Private Limited, and Pioneer Law Associates, a workshop titled “Road to IPO” was held to educate corporate houses about the IPO process from legal and financial perspectives. Dynamic Techno Soft Pvt. Ltd., as a sponsor, prominently displayed its banner during the event. The workshop took place on Monday, May 8, 2023, at Clark Resort in Birgunj.

    Mr. Anup Raj Upreti, Managing Partner of Pioneer Law Associates, and Mr. Sachindra Dhungana, Deputy General Manager of NIBL Ace Capital Limited, served as presenters for the session. CA Subhash Khandelwal and CA Pradeep Kushwaha played crucial roles in the successful implementation of the program.

    The workshop delved into various topics related to IPO, focusing on legal aspects, corporate governance, capital structure, IPO pricing, size, timeline, and methods. Participants from different corporate houses gained valuable insights into the different aspects of IPO.

  • Taragaon Regency Hotel Reports Impressive Q3 Results with 476.52% Surge in Net Profit

    Taragaon Regency Hotel Reports Impressive Q3 Results with 476.52% Surge in Net Profit


    The Taragaon Regency Hotel (TRH) has released its third-quarter report for the fiscal year 2079/80, revealing a significant surge in Net Profit. Compared to the same quarter in the previous fiscal year, the company’s Net Profit has increased by an impressive 476.52%, amounting to Rs. 23.88 crores.

    TRH, the operator of Hyatt Regency Hotel, has also witnessed a growth in investments. By raising investments by 27%, the company now holds investments worth Rs. 1.32 Arba.

    Furthermore, the company’s operational revenue has experienced a substantial rise of 116.64%, reaching Rs. 90.61 crores in the third quarter of the current fiscal year. This increase has contributed to the overall profitability of the company.

    With a paid-up capital of Rs. 1.88 Arba, TRH has bolstered its reserves by 82.79%, equivalent to Rs. 51.39 crores, establishing a solid financial position for the company.

    TRH maintains an impressive Earning per Share (EPS) of Rs. 16.88, in contrast to the previous EPS of only Rs. 2.93.

    Additionally, the Taragaon Regency Hotel boasts a Net Worth per Share of Rs. 127.24 and a Price per Earning (P/E) Ratio of 27.55 times.

    Meanwhile, the closing price of the company’s shares stood at Rs. 465 at the end of the third quarter in the current fiscal year.

  • Due to Violation of NRB’s Guideline, 15% Dividend of RULB Canceled

    Due to Violation of NRB’s Guideline, 15% Dividend of RULB Canceled


    Nepal Rastra Bank (NRB) Cancels Dividend Proposal of Rastra Utthan Laghubitta Bittiya Sanstha Limited (RULB)

    The dividend proposal put forth by Rastra Utthan Laghubitta Bittiya Sanstha Limited (RULB) has been canceled by the Nepal Rastra Bank. During the 86th meeting of the board of directors held on Baisakh 13, the company had proposed a 15% dividend for the fiscal year 2078/79 based on the paid-up capital of Rs. 26 Crores. The proposal included the distribution of 14.25% bonus shares valued at Rs. 3.7 crores and a cash dividend of 0.75% amounting to Rs. 19.50 lakhs.

    However, as per a notice from the Nepal Stock Exchange (NEPSE), the dividend proposal required approval from the Nepal Rastra Bank (NRB), which has now been canceled due to non-compliance with the Nepal Financial Reporting Standards (NFRS) in the financial statement.

    Furthermore, a letter regarding the company’s annual general meeting was sent to the NRB on Baisakh 20, but the proposed dividend was not included in the letter. As a result, the dividend proposal has been rejected by the NRB.

  • Gold Prices in Domestic Market Decline by Rs. 800 per Tola, Silver Also Witnesses a Decrease

    Gold Prices in Domestic Market Decline by Rs. 800 per Tola, Silver Also Witnesses a Decrease


    Gold prices in the domestic market have experienced a decline of Rs. 800 per tola. The official website of the Federation of Nepal Gold and Silver Dealers’ Association indicates that fine gold is currently trading at Rs. 110,800 per tola, down from yesterday’s rate of Rs. 111,600 per tola. Similarly, Tejabi gold is being traded at Rs. 110,250 today, compared to yesterday’s rate of Rs. 111,050 per tola.

    In addition, the price of silver has also dropped by Rs. 55 per tola. The lustrous white metal is currently being traded at Rs. 1,375 per tola in the local market, down from the previous day’s closing rate of Rs. 1,430 per tola.

    Internationally, the current price of gold stands at USD $2,011.50 per ounce, while silver is being traded at $24 per ounce.

  • Nerude Laghubitta Bittiya Sanstha Limited reports a significant decline in net profit and increase in NPL for Q3 FY 2079/80

    Nerude Laghubitta Bittiya Sanstha Limited reports a significant decline in net profit and increase in NPL for Q3 FY 2079/80


    Nerude Laghubitta Bittiya Sanstha Limited (NLBBL) has released its third-quarter report for FY 2079/2080, revealing a significant decline in net profit by 85.22%. According to the report, the net profit decreased to Rs. 3.15 crores, compared to Rs. 21.37 crores in the corresponding quarter of the previous year.

    The company’s borrowings decreased by 5.57% to Rs. 4.91 Arba, down from Rs. 5.20 Arba in the same quarter of the previous year. On the other hand, deposits increased by 5.29% to Rs. 3.37 Arba, while loans and advances experienced a slight decrease of 0.26% to 9.89 Arba during this quarter.

    The core revenue, represented by net interest income, saw a significant decrease of 30.82% to Rs. 33.05 crores, compared to Rs. 47.78 crores in the corresponding quarter of the previous year.

    The provision for possible losses amounted to Rs. 7.10 crores, marking a substantial increase of 1278.48%, impacting the overall profitability for this period.

    In terms of financial position, the paid-up capital of the company stood at Rs. 73.20 crores in this quarter, with reserve and surplus at Rs. 52.27 crores.

    The company’s non-performing loans (NPL) stood at a higher level of 9.78%.

    The earnings per share (EPS) for the company is reported as Rs. 5.75, while the net worth per share stands at Rs. 171.41. The company traded at a price-to-earnings (P/E) multiple of 106.97 times.