Tag: Remaining

  • Ghalemdi Hydro Limited Concludes 200% Right Share Issuance for Chujung Khola Project Investment

    Ghalemdi Hydro Limited Concludes 200% Right Share Issuance for Chujung Khola Project Investment


    Ghalemdi Hydro Limited (GHL) is set to conclude its issuance of right shares to shareholders at a 1:2 ratio starting from the 16th of Poush. The right shares, offered at a rate of 200%, were made available for subscription from the 10th of Mangsir and will remain open until the 16th of Poush, 2080, closing at the end of banking hours.

    In a bid to raise funds, Ghalemdi Hydro Limited aimed to generate Rs. 1.1 Arba by issuing 11,000,000 units of right shares to its existing shareholders at the 200% rate. The company’s strategic decision to offer these right shares is linked to its plan to invest a minimum of 51% of shares in the Chujung Khola hydropower project (63 M.W. PRoR) located in Sankhuwasabha and promoted by Shangrila Urja Pvt. Ltd.

    As of now, Ghalemdi Hydro Limited holds a paid-up capital of Rs. 55 Crores. Upon the successful adjustment of the proposed right shares totaling 1.10 crore units, the company’s paid-up capital is expected to rise to Rs. 1.65 Arba.

    To oversee this right share issuance, Muktinath Capital Limited has been appointed as the issue manager. The book closure date was on Kartik 03, meaning that only shareholders who maintained their holdings before that date are eligible to apply for the rights offering.

  • “Last Two Days to Apply for Api Power Company’s 1:0.40 Right Shares”

    “Last Two Days to Apply for Api Power Company’s 1:0.40 Right Shares”


     

    The rights issue began on the 31st of Shrawan and is set to conclude tomorrow, the 19th of Bhadra, 2080, at the close of banking hours.

    The company’s current paid-up capital is Rs. 4.13 Arba, and it will rise to Rs. 5.78 Arba after the proposed rights issue. In this new offering, the hydropower company will distribute rights at a ratio of 1:0.40, resulting in a total of 1 crore 65 lakh 33 thousand 137 right shares with a face value of Rs. 100 each.

    The Securities Board of Nepal (SEBON) approved the issuance of these rights shares on Ashad 6. The company had formally applied for permission from the board on the 6th of Chaitra.

    Laxmi Capital Markets Limited has been appointed as the issue manager for this rights offering.

  • The NEPSE Index rose 0.92% to settle at 1,905.68 points, with intraday turnover remaining at Rs 88.55 crores.

    The NEPSE Index rose 0.92% to settle at 1,905.68 points, with intraday turnover remaining at Rs 88.55 crores.


    The NEPSE index finished at 1,905.68 today, up 17.36 points from the previous trading day’s close. This is a 0.92% increase. Yesterday, the index rose 2.71 points.

    Today, the index began at 1,887.3 and closed at 1,885.17. In contrast, it reached a high of 1,905.73 before closing at 1,905.68.

    Through 27,766 transactions, 264 scrips changed hands. A total of 2,700,570 shares were traded, totaling Rs. 88.55 crores in turnover. This exceeds the previous trading day’s turnover of Rs. 75.13 Crores.

  • NEPSE: Plunged 18.80 points today to settle at 1,885.60 levels, with intraday turnover remaining at Rs 82.85 crores.

    NEPSE: Plunged 18.80 points today to settle at 1,885.60 levels, with intraday turnover remaining at Rs 82.85 crores.


    The NEPSE index finished at 1,885.60 today, down 18.80 points from the previous trading day’s close. This is a 0.99% loss. Last Thursday, the index fell 15.73 points.

    The index began today at 1,904.94 and reached an intraday high of 1,906.66. In contrast, it dropped as low as 1,881.15 before closing at 1,885.60.

    Through 31,415 transactions, 265 scrips changed hands. A total of 2,734,307 shares were traded, totaling Rs. 82.85 crores in turnover. This is less than the previous day’s turnover of Rs. 98.33 Crores.

  • Economic growth is expected to slow to 4.1% in 2023, with inflation remaining at 7.4%, according to the Asian Development Bank.

    Economic growth is expected to slow to 4.1% in 2023, with inflation remaining at 7.4%, according to the Asian Development Bank.


     

    The Asian Development Bank (ADB) forecasts 4.1 percent economic growth in Nepal in 2023, with inflation at 7.4 percent.

    According to the April 2023 Asian Development Outlook (ADO), Nepal’s economic growth rate is expected to slow in 2023 compared to last year due to tight monetary policy, sluggish domestic demand, the unwinding of pandemic stimulus, and persistent global headwinds.

  • “7.5% Urja Rinpatra 2089 Everest Bank Ltd” ” Now Available in NEPSE

    “7.5% Urja Rinpatra 2089 Everest Bank Ltd” ” Now Available in NEPSE


    NEPSE has listed 746,830 units of “7.5% Everest Bank Limited Urja Rinpatra (Energy Bond) 2089.”

    From the 25th Poush to the 09th Magh of 2079, Everest Bank Limited (EBL) issued 20,00,000 units of “7.5% Everest Bank Limited Urja Rinpatra (Energy Bond) 2089.”

    From the overall offer of 20 lakh units, 12 lakh units were subscribed through private placement, while the remaining 8 lakh units worth Rs. 80 crores were open for public issue, with 5% reserved for mutual funds.

    As the name implies, the “7.5% Everest Bank Limited Urja Rinpatra (Energy Bond) 2089” would provide unit holders with 7.5% yearly yields till maturity, which is in the year 2089 BS (10 years).

  • The Sagarmatha Jalbidhyut Company’s Initial Public Offering (IPO) has concluded, with 3,58,176 lucky applicants receiving 10 units each.

    The Sagarmatha Jalbidhyut Company’s Initial Public Offering (IPO) has concluded, with 3,58,176 lucky applicants receiving 10 units each.


    Sagarmatha Jalvidyut Company Limited’s initial public offering (IPO) was completed today at Prabhu Capital Limited’s Kamaladi headquarters.

    Out of the total 43,68,000 units authorized for the general public, 10%, or 436,800 units, have already been issued and distributed to Nepalese people working abroad, 5%, or 218,400 units, have been put aside for mutual funds, and 3%, or 131,040 units, have been set aside for firm workers.

     

    The remaining 35,81,760 units were distributed to the general population between the 8th and 12th Chaitra, 2079.

    Following the IPO, the company’s paid-up capital will be Rs. 1.12 Arba. Moreover, the promoter-public share ratio would be 51: 49.

    The problem has received 13,93,153 genuine applications.

  • Toda Sagarmatha Jalbidhyut Company Issues 35,81,760 Units IPO Shares To The General Public

    Toda Sagarmatha Jalbidhyut Company Issues 35,81,760 Units IPO Shares To The General Public


    Sagarmatha Jalbidhyut Company Limited is launching an Initial Public Offering (IPO) of 35,81,760 unit shares to the general public today, 8th Chaitra, 2079. This issue’s early closing date is on the 12th Chaitra, and if it is not fully subscribed, it can be extended until the 22nd Chaitra, 2079.

    Out of the total 43,68,000 units, 10%, or 436,800 units, have already been issued and allotted to Nepalese citizens working abroad, 5%, or 218,400 units, have been set aside for mutual funds, and 3%, or 131,040 units, have been set aside for company employees. The remaining 35,81,760 units will be available to the general public. The company’s pai

     

  • The IPO of BPW Laghubitta Bittiya Sanstha has concluded; 8,095 applicants out of 14,58,278 receive 10 units.

    The IPO of BPW Laghubitta Bittiya Sanstha has concluded; 8,095 applicants out of 14,58,278 receive 10 units.


    As part of its Initial Public Offering (IPO), BPW Laghubitta Bittiya Sanstha Limited issued 80,950 units worth Rs 80.95 lakhs to the general public (Falgun 18- 23, 2079).

    Out of the total 97,000 units, 10%, or 9,700 units, were set aside for Nepalese citizens working abroad, 1.50%, or 1,500 units, were set aside for company employees, and 5%, or 4,850 units, were set aside for mutual funds. The remaining 80,950 units will be available to the general public.

     

  • The BPW Laghubitta IPO will be completed on Friday; 8,095 applicants will receive 10 units each.

    The BPW Laghubitta IPO will be completed on Friday; 8,095 applicants will receive 10 units each.


    BPW Laghubitta Bittiya Sanstha Limited’s initial public offering (IPO) will take place this Friday, 3rd Chaitra, 2079. The allotment program will begin at 11 a.m. on the premises of the issue manager, Mega Capital Markets, in Kamalpokhari.

    From the 18th to the 23rd Falgun, the company issued 80,950 units of Rs 100 face value shares to the general public as an Initial Public Offering. Out of the total 97,000 units, 10%, or 9,700 units, were set aside for Nepalese citizens working abroad, 1.50%, or 1,500 units, were set aside for company employees, and 5%, or 4,850 units, were set aside for mutual funds. The remaining 80,950 units were made available to the gene