Tag: Promoter

  • IPO Allotment: Chirkhwa Hydropower Allocates Shares to Project-Affected Locals on 8th Ashwin

    IPO Allotment: Chirkhwa Hydropower Allocates Shares to Project-Affected Locals on 8th Ashwin


    On Monday, Ashwin 8, the IPO of Chirkhwa Hydropower was allocated to residents affected by the project in Bhojpur District. The distribution of the company’s IPO took place at the office of RBB Merchant Banking Limited, which is overseeing the IPO issuance.

    Between Shrawan 28th and Bhadra 25th, the company had offered shares to project-affected locals in Bhojpur District, following approval from SEBON (Securities Board of Nepal). The company had issued a total of 400,000 shares, each with a face value of Rs 100, exclusively for these local residents. As per the notice, all 400,000 units were allotted to eligible applicants.

     

  • NEPSE Ends Trading with 0.92% Gain; Hydropower Sector Surges by 3.09%

    NEPSE Ends Trading with 0.92% Gain; Hydropower Sector Surges by 3.09%


    In today’s Nepal Stock Exchange (NEPSE) trading session, the NEPSE Index concluded at 2,022.91 points, showing a gain of 18.45 points or 0.92% compared to the previous day’s closing. On Monday, the index had experienced a loss of 5.89 points.

    The trading day commenced with the index opening at 2,006.64. It reached its lowest point during the day at 2,005.42 and reached the highest point at 2,030.51.

    Throughout today’s trading, there were 286 different stocks traded in a total of 78,616 transactions. The volume of shares traded added up to 8,704,477, with a total turnover of Rs. 2.09 Arba. The market capitalization stood at Rs. 30.66 Kharba, and the float market capitalization was at Rs. 10.80 Kharba.

     

  • SEBON’s Stricter Rules for Hydropower Companies: Enhancing Governance and Share Sale Protocols

    SEBON’s Stricter Rules for Hydropower Companies: Enhancing Governance and Share Sale Protocols


     

    The Securities Board of Nepal (SEBON) is looking to make important changes to the rules governing hydropower companies, especially regarding the issuance of Initial Public Offerings (IPOs) and right shares. These changes will involve updates to the regulations related to registering and removing hydropower companies.

    Hydropower companies often raise capital by selling shares to the public. However, concerns have arisen when these companies prioritize profits over their intended goals. To address this, SEBON is thinking about introducing new provisions to ensure that the registration and removal of hydropower companies are more organized and transparent.

     

  • IME Life Promoter Share K hunxa ??

    IME Life Promoter Share K hunxa ??


    Suppose I have 10,000 Promoter shares of IME Life and now accordingly they will be traded from Sunday. So, What will happen to those 10,000 ? Will they be completely diluted or only some percentage? I did try googling for answers but was unable to get correct answers. Responses will be much appreciated 👍

    View on r/NepalStock by Froos_trated

  • When can promoter shares be traded?

    When can promoter shares be traded?


    A relative of mine had bought some promoter shares of NRN infrastructure and development exactly 10 yrs ago. When veiwed on meroshare their shares show LTP Rs 100 when the ordinary shars prices today is rs 480 smth.

    Why is that? Feedback would be appreciated.

    View on r/NepalStock by maii__

  • Sanima Bank’s AGM on Kartik 02 to Approve 14.7% Dividend for FY 2079/80; Book Closure on Ashwin 22

    Sanima Bank’s AGM on Kartik 02 to Approve 14.7% Dividend for FY 2079/80; Book Closure on Ashwin 22


     

    Sanima Bank Limited (SANIMA) has scheduled its 19th Annual General Meeting (AGM) for the 2nd of Kartik, 2080, starting at 11 a.m. The AGM will take place at Kundalini Durbar Banquet in Kathmandu.

    One of the main agenda items for the AGM is the approval of a 14.7% dividend for the fiscal year 2079/80. This dividend includes a 5.7% cash dividend and 9% bonus shares from the company’s paid-up capital. The total paid-up capital of the company is Rs. 12.46 Arba, with bonus shares valued at Rs. 1.12 Arba. It’s important to note that the cash dividend already covers the tax amount for the bonus shares.

    Additionally, the AGM will address the approval of the auditor’s report, which includes PL statements, financial reports, and cash flow reports, and the appointment of an auditor for the fiscal year 2080/81.

    The book closure date for entitlement to the dividend payout and AGM attendance is Ashwin 22. Shareholders holding shares on this date will be eligible for both.

  • RBB Merchant Banking Announces AGM with 13.16% Dividend Proposal

    RBB Merchant Banking Announces AGM with 13.16% Dividend Proposal


     

    RBB Merchant Banking Limited has announced its 8th Annual General Meeting (AGM) on the 29th of Ashwin, 2080. The AGM will take place at the company’s head office, Singhadurbar Plaza, Kathmandu, starting at 4 pm.

    The key agendas for the AGM include:

    1) Approval of financial reports for the fiscal year 2079/80.
    2) Approval of the auditor’s report, which includes PL statements, financial reports, and cash flow reports.
    3) Approval of a 13.16% cash dividend, which already includes the tax.
    4) Appointment of auditors and determination of their remuneration for the fiscal year 2080/81.
    5) Miscellaneous matters to be discussed during the meeting.

     

  • Everest Bank Sets Book Closure Date for 20.53% Dividend; AGM on Ashwin 30

    Everest Bank Sets Book Closure Date for 20.53% Dividend; AGM on Ashwin 30


    Everest Bank Limited (EBL) has scheduled its 29th Annual General Meeting (AGM) for the 30th of Ashwin, 2080, to be held at Lainchaur Banquet in Kathmandu, starting at 11 a.m.

    One of the key items on the AGM agenda is the approval of a 20.53% dividend for the fiscal year 2079/80. In a meeting on Bhadra 27, the Board of Directors (BODs) decided to distribute this dividend, which consists of a 10.53% cash dividend and a 10% bonus share from the company’s paid-up capital. The total paid-up capital of the company currently stands at Rs. 10.69 Arba, and it’s important to note that the cash dividend already includes the tax amount for the bonus shares.

     

  • NEPSE Index Drops 0.29%, Market Capitalization at Rs. 30.35 Kharba

    NEPSE Index Drops 0.29%, Market Capitalization at Rs. 30.35 Kharba


     

    In today’s trading, the NEPSE index closed at 2,004.45, down 5.89 points or 0.29% from the previous day. It had lost 19.42 points yesterday. The day started with an opening of 2,012.21 and saw a low of 1,999.62 and a high of 2,015.56 before settling at 2,004.45.

    During the trading session, there were 284 different stocks traded in 78,421 transactions. The total volume of shares traded was 6,516,006, with a turnover of Rs. 1.56 Arba. The market capitalization was Rs. 30.35 Kharba, and the float market capitalization was Rs. 10.69 Kharba.

     

  • How good is to buy promoter shares of the company in auction?

    How good is to buy promoter shares of the company in auction?


    Is it possible to buy promoter shares as an individual who don’t have any promoter shareholding before in the company? & What are the pros and cons of buying it in auction? Need some experience with the buying of promoter shares in the market…

    View on r/NepalStock by Nepsetime

  • “IPO Shares of Upper Lohore Khola Hydropower Listed on NEPSE with Opening Ranges”

    “IPO Shares of Upper Lohore Khola Hydropower Listed on NEPSE with Opening Ranges”


    The Upper Lohore Khola Hydropower Company Limited has successfully listed 50,98,040 units of its IPO shares on the Nepal Stock Exchange (NEPSE). This figure includes shares held by the company’s promoters as well as shares issued to the general public and project-affected locals.

    For the first trading day, the IPO shares will be available in a price range of Rs. 97.87 to Rs. 293.61. If the company enters into an agreement with NEPSE, these shares will become tradable in the secondary market on the following day.

    Out of the total shares offered, which are valued at Rs. 50.98 Crore, 19,53,279 units worth Rs. 19.53 Crores were made available to the general public during the IPO period, which ran from the 18th to the 22nd of Shrawan in the year 2080.

     

  • “Citizens Bank’s 17th AGM on Ashoj 26 to Approve 5.79% Cash Dividend”

    “Citizens Bank’s 17th AGM on Ashoj 26 to Approve 5.79% Cash Dividend”


     

    Citizens Bank has announced that its 17th Annual General Meeting (AGM) for the fiscal year 2079-80 will take place on Ashoj 26, 2080. During this meeting, the bank plans to approve a cash dividend of 5.79%, equivalent to Rs 82.21 crore, for its shareholders. This dividend comes from the profits earned in the previous fiscal year, as mentioned in their official statement. Currently, the bank operates 188 branches, 148 ATM locations, and 97 branchless banking units within its network.