Tag: Revised

  • Dibyashwari Hydropower Company Reverses Right Share Issue Ratio to 1:1 Amid Strategic Capital Allocation Plans

    Dibyashwari Hydropower Company Reverses Right Share Issue Ratio to 1:1 Amid Strategic Capital Allocation Plans


    Dibyashwari Hydropower Company Limited (DHPL) has modified its previously proposed right share issue ratio. During the Board of Directors (BOD) meeting held on Mangsir 29, the company now suggests a 1:1 ratio, meaning a 100% right share issuance.

    Initially, the company had planned a 1:1 or 100% right share issuance on Ashad 10, 2080. However, a subsequent BOD meeting on Ashwin 29 retracted the earlier proposal and put forth a new plan for a 200% issuance based on the current paid-up capital in a ratio of 1:2. Nevertheless, this decision has been revised again, and the current proposal stands at a 1:1 ratio, translating to a 100% right share issuance.

    DHPL intends to allocate 51% of the capital obtained from the right issue into Five Khapan Hydropower. The company asserts that the decision to initiate the right share issuance is driven by the need to settle outstanding loans acquired from banks.

    It’s important to note that the final approval of this decision is contingent upon regulatory approval and subsequent endorsement at the upcoming Annual General Meeting (AGM) of the company. At the time of this writing, DHPL’s closing stock price is recorded at Rs. 182.

  • SEBON Approves IPO Proposal of Himalayan Re-insurance Limited, Premium Price Revised to Rs. 206 Per Share

    SEBON Approves IPO Proposal of Himalayan Re-insurance Limited, Premium Price Revised to Rs. 206 Per Share


    The Securities Exchange Board of Nepal (SEBON) has granted approval for the proposed initial public offering (IPO) of Himalayan Re-insurance Limited. This reinsurance company plans to issue 30,000,000 equity shares to the general public at a price of Rs. 206 per share, with a face value of Rs. 100 and a premium of Rs. 106 per share. This IPO issuance aims to raise a total of Rs. 6.18 Arba for the company. It’s noteworthy that the initial IPO price was set at Rs. 208 per share but has been revised to Rs. 206.

    The responsibility of managing this IPO issuance has been entrusted to NMB Capital Limited, and the application for SEBON’s approval was submitted on the 26th of Bhadra, 2080. Himalayan Re-insurance Limited is poised to become the second reinsurance company in Nepal to offer an IPO to the public.

    Himalayan Reinsurance, a pioneering private-sector reinsurance firm in Nepal, specializes in providing reinsurance support to both Life and Non-Life Insurance Companies, both within Nepal and internationally. The company obtained its operational license in 2021.

    The prominent promoters of Himalayan Reinsurance include leading business conglomerates in Nepal and significant financial institutions. Notable names among the promoters are Golchha Group, Shanker Group, Infinity Holdings, Lucky Group, Ramesh Corp, Shiv Shakti Group, Himalayan Infrastructure Fund Ltd., Shalimar Investment, Saffron CK Investments, Vaishnav Enterprises, Murarka Group, K L Dugar Group, M V Dugar Group, R H Group, M S Corp, IME Group, Prem Gurung and Group, Ashlesha Enterprises, Allied Continental, and Balaji Marbles. Additionally, two of Nepal’s prominent commercial banks, Nepal Bank Limited and Rastriya Banijya Bank Limited, are among the promoters.

    As of the end of the third quarter, Himalayan Reinsurance had a paid-up capital of Rs. 7 Arba and maintained reserves and a surplus of Rs. 38.58 crores. The company displayed significant growth in Net Premium, with a remarkable 612.61% increase, totaling Rs. 3.38 Arba up to the third quarter of the fiscal year 2079/80.

    ICRA Nepal has reaffirmed an issuer rating of [ICRANP-IR] A- (pronounced ICRA NP Issuer Rating A Minus) for Himalayan Reinsurance Limited. This rating indicates a reasonable level of safety regarding the timely servicing of financial obligations and suggests low credit risk associated with the company.

  • What do you think of new revised share loan cap rate (Individual – 15 crore & organization – 20 crore) by NRB

    What do you think of new revised share loan cap rate (Individual – 15 crore & organization – 20 crore) by NRB


    After all the long drama, NRB revised share loan margin to Individual – 15 crore & organization – 20 crore. Lets hear your opinion on this. And how this might affect share market in coming days


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