Tag: Power

  • RIDI Initiates Auction of Unclaimed Right Shares: Opportunity for Public Participation

    RIDI Initiates Auction of Unclaimed Right Shares: Opportunity for Public Participation


    Ridi Power Company Limited (RIDI) has initiated the auction of the unclaimed portion of its right shares starting from the 29th of Chaitra, 2080, with the auction set to conclude on the 9th of Baisakh, 2081. The company aims to sell 11,35,657 units of ordinary right shares, representing the unclaimed segment from its recent rights offering.

    During the rights offering period, which ran from the 18th of Falgun to the 8th of Chaitra, 2080, RIDI issued shares at a ratio of 1:0.50 to its existing shareholders. However, out of the total right shares issued, only 66,08,849 units (85.34%) were allotted to eligible shareholders, indicating that 14.66% of the shares remained unclaimed.

    Therefore, the company has decided to make these unsold right shares available to the general public starting from today. Individuals and institutions alike have the opportunity to participate in the auction and bid for these shares.

    Muktinath Capital Limited has been appointed as the issue manager for this right share auction. The minimum bid rate for the auction is set at Rs. 100, with a minimum bid quantity of 100 units. While bidders have the option to bid for the entire issue, they must adhere to the regulatory board’s guidelines to ensure that the specified quantity of shares per entity is not exceeded.

  • is power of compounding real?never heard anyone from nepal getting wealthy from it

    is power of compounding real?never heard anyone from nepal getting wealthy from it


    if I buy at dips and regular sips without zero knowledge of the market .. will this strategy work longterm?

    View on r/NepalStock by Professional-Age3963

  • SEBON Adds IPO Shares of Him River Power Ltd. and Pure Energy Ltd. to Pipeline

    SEBON Adds IPO Shares of Him River Power Ltd. and Pure Energy Ltd. to Pipeline


    Him River Power Ltd. has applied to SEBON for an IPO to issue 1,330,000 shares, aiming to raise Rs. 13.30 crores. The application was submitted on Magh 28, 2080. Siddhartha Capital Limited will manage the offering. CARE Ratings Nepal Limited has given HRPL an issuer rating of ‘CARE-NP BB (Is),’ indicating a moderate risk of default on financial obligations in Nepal.

     

  • SAHAS Urja (SAHAS) Achieves 112.33% Q2 Net Profit Surge, Generates Rs. 1.53 Arba from Power Sales

    SAHAS Urja (SAHAS) Achieves 112.33% Q2 Net Profit Surge, Generates Rs. 1.53 Arba from Power Sales


    Sahas Urja Limited (SAHAS) has released its unaudited report for the second quarter of FY 2080/81, revealing an impressive 112.33% surge in net profit. The company’s net profit rose significantly to Rs. 45.86 crores for this quarter, a substantial increase from Rs. 21.59 crores in the same quarter last year.

    SAHAS achieved notable revenue from power sales, totaling Rs. 1.53 Arba during this period. Despite facing finance expenses of Rs. 64.76 crore and administrative expenses of Rs. 4.94 Crore, the company maintains a robust financial position, with retained earnings at Rs. 2.6 Arba and a share capital of Rs. 3.5 Arba.

     

  • Ridi Power Company Limited (RIDI) Announces Book Closure Date for 50% Right Shares, Valued at Rs. 77.44 Crores

    Ridi Power Company Limited (RIDI) Announces Book Closure Date for 50% Right Shares, Valued at Rs. 77.44 Crores


    Ridi Power Company Limited (RIDI) has disclosed the book closure date for its upcoming 50% right shares, set for the 22nd of Magh, 2080. Shareholders holding shares until Magh 21 will be eligible for the rights offering.

    The company is set to issue 50% right shares valued at Rs. 77.44 Crores, involving the issuance of 7,744,506 (1:0.50) units of right shares to its existing shareholders. With the current paid-up capital standing at Rs. 1.54 Arba, the proposed right share, totaling 77.44 lakhs units, will elevate the company’s paid-up capital to Rs. 2.32 Arba.

    Muktinath Capital Limited has been appointed as the issue manager for this process, overseeing the administration and execution of the right share issuance.

    As of the latest information, RIDI is currently trading at an Last Traded Price (LTP) of Rs. 292.00.

  • 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.

  • Guys Panchthar power company k hudaix?

    Guys Panchthar power company k hudaix?


    Guys Panchthar power company k hudaix? Dhostai vayo ki kya ho? Kasai lai tha xa ? K hudaix jankari pauna

    View on r/NepalStock by Excellent-Leg7736

  • SEBON Approval: Ridi Power and Arun Valley Hydropower Set to Issue Right Shares for Expansion

    SEBON Approval: Ridi Power and Arun Valley Hydropower Set to Issue Right Shares for Expansion


    “The Securities Board of Nepal (SEBON) has given the green light to the rights offering proposals of two hydropower companies, Ridi Power Company Limited (RIDI) and Arun Valley Hydropower Development Company Limited (AHPC). Ridi Power Company plans to issue 50% right shares, totaling Rs. 77.44 Crores, equivalent to 7,744,506 units, to its existing shareholders. This move aims to fund the investment in the Tallo Balephi hydropower project of Sajha Power Development Company. The company’s current paid-up capital of Rs. 1.54 Arba will increase to Rs. 2.32 Arba after the adjustment of the proposed right shares. Muktinath Capital Limited will serve as the issue manager. As of the latest update, RIDI’s closing share price is Rs. 221.00.

    Similarly, Arun Valley Hydropower Development Company is set to issue 100% right shares, amounting to Rs. 1.86 Arba or 18,679,626 units, to its existing shareholders. This move is intended to finance investments in the Likhu Khola Hydropower Project and repay loans associated with the Kabeli ‘B’-1 Cascade Hydropower Project. After the adjustment, the company’s paid-up capital will rise from Rs. 1.86 Arba to Rs. 3.72 Arba. Muktinath Capital Limited is appointed as the issue manager for AHPC. The current closing share price for AHPC is Rs. 236.60.”

  • Universal Power Company Limited (UPCL) Announces AGM with Dividend Declarations and Key Agendas

    Universal Power Company Limited (UPCL) Announces AGM with Dividend Declarations and Key Agendas


    Universal Power Company Limited (UPCL) has announced its Annual General Meeting (AGM) scheduled for the 29th of Poush, 2080. The meeting is set to take place at the Company Register’s Office in Tripureshwor, Kathmandu, starting at 12:15 pm.

    The proposed agendas for the AGM include the endorsement of the company’s annual report and the approval of auditor’s reports for the fiscal years 2075/76, 2076/77, 2077/78, and 2078/79. These reports encompass Profit and Loss (PNL) statements, financial reports, and cash flow reports. Another agenda item is the appointment of an auditor and the determination of their remuneration for the fiscal year 2079/80.

    Furthermore, the AGM seeks to endorse a 0.45% cash dividend (including tax) and 8.55% bonus shares. It is important to note that the book closure date is the 18th of Poush. Consequently, only shareholders maintained till Poush 17 are eligible for the dividend payout and are entitled to attend this AGM.

    In summary, the AGM will cover various crucial aspects of UPCL’s financial standing and governance, providing an opportunity for eligible shareholders to participate and make informed decisions.

  • Butwal Power Company Calls 31st AGM: Endorses 5% Dividend and Proposes FPO

    Butwal Power Company Calls 31st AGM: Endorses 5% Dividend and Proposes FPO


    Butwal Power Company Limited (BPCL) has announced its 31st Annual General Meeting (AGM) scheduled for the 29th of Poush, 2080, corresponding to January 14, 2024. The meeting is set to take place at Karki Banquet, Babarmahal, Kathmandu, starting at 11 am on the specified day.

    Among the various agendas to be discussed at the AGM, one notable item is the endorsement of a 5 percent dividend for the fiscal year 2079/80. The decision to distribute a 5% cash dividend on the paid-up capital of Rs. 3.4 Arba was made during the board of directors’ meeting on Mangsir 29.

    Additionally, the AGM will address the endorsement of the auditor’s report, covering profit and loss statements, financial reports, and cash flow reports. The appointment of an auditor for the fiscal year 2080/81 is also on the agenda. Another crucial topic for discussion is the proposal from the Board of Directors to issue 1 Crore units of Follow-on Public Offering (FPO) shares at a par value of Rs. 100. The current paid-up capital of the company stands at Rs. 3.40 Arba, and after the FPO issuance, it will increase to Rs. 4.40 Arba.

    The book closure date has been specified from Poush 19 to Poush 29. Shareholders maintaining their shares until this date are entitled to the dividend payout and are also eligible to attend the AGM.

  • “NEPSE Lists 18.55 Million Right Shares of Arun Kabeli Power Limited Following Successful Auction”

    “NEPSE Lists 18.55 Million Right Shares of Arun Kabeli Power Limited Following Successful Auction”


    Arun Kabeli Power Limited (AKPL) has successfully listed 18,552,105 units of right shares on the Nepal Stock Exchange (NEPSE). The company had previously issued these shares in a 1:1 ratio, amounting to a total of 185,521,05 units, available for subscription to its shareholders between the 11th and 31st of Bhadra, 2080. However, only 165,372,88 units were allotted to eligible shareholders during this initial offering. Subsequently, the remaining 20,148,17 units of unsubscribed right shares were put up for auction, which took place from the 30th of Ashwin to the 14th of Kartik, 2080.

    Nabil Investment Banking Limited acted as the auction manager for AKPL during this process. Following the auction, the same 18,552,105 units of right shares are now officially listed on NEPSE. At the time of this report, the Last Traded Price (LTP) for AKPL stands at Rs. 171.10. This successful listing reflects the company’s efforts to engage its shareholders and capitalize on the market through the auctioning of unsubscribed shares, ultimately contributing to its market presence and value.

  • People’s Power Limited Announces 50% Right Share Issuance for Capital Expansion and Project Development

    People’s Power Limited Announces 50% Right Share Issuance for Capital Expansion and Project Development


    In accordance with the decision made during the Board of Directors meeting of People’s Power Limited (PPL), the company has resolved to issue right shares at a ratio of 1:0.5, equivalent to 50% of the existing shares.

    The decision, made during the meeting held on Mangsir 17, entails the issuance of 50% right shares based on the current paid-up capital of Rs. 63.26 Crores. Consequently, upon the issuance of 31,63,000 units of right shares, the company’s paid-up capital will be revised to Rs. 94.89 Crores.

    The company has expressed its intention to utilize the funds raised for various purposes, including ongoing project maintenance, resolving payment discrepancies, exploring new projects, identifying investment opportunities, creating employment, and contributing to national capital through equity rights. However, it’s important to note that the issuance of these right shares is subject to approval from regulatory bodies, particularly the Electricity Regulatory Commission.

    As of the latest available information, PPL concluded its last trading day at Rs. 214.20.