Tag: Ring

  • Bhugol Energy Development Company to Issue IPO Shares

    Bhugol Energy Development Company to Issue IPO Shares


     

    Bhugol Energy Development Company Limited has issued an offer letter to the project-affected residents of Dailekh District and Nepalese citizens working abroad in order to launch an Initial Public Offering (IPO).

    The initial public offering (IPO) for locals and Nepalese citizens working abroad will take place from the 8th to the 25th of Falgun, 2079. It should be noted that if the issue is not subscribed to by the early closing date for Dailekh District residents, it may be extended until the 7th Chaitra. However, the early closing date for Nepalese cit

  • Higher Operating and Interest Expenses Caused a 95.81% Drop in Ridi Power’s Net Profit Company to Issue 50% Right Shares

    Higher Operating and Interest Expenses Caused a 95.81% Drop in Ridi Power’s Net Profit Company to Issue 50% Right Shares


    Ridi Power Company Limited (RIDI) reported a 95.81% decrease in net profit in the second quarter (Q2) of the current fiscal year 2079/80. Profit declined to Rs. 1.96 crores in this quarter from Rs. 46.98 crores in the previous year’s equivalent quarter.

    In this quarter, the firm recorded total income of Rs. 18.92 crores, a 71.94% reduction from the previous year’s similar period.

    According to management, there has been no substantial change in the organization’s balance, income, or liquidity during this quarter. The operations are carried out in accordance with the company’s business plan. During this quarter period, as the company’s interest climbed, the income decreased, and it is projected that the profit will improve when the interest expenditure reduces in the future days, and the income will improve from the following quarter.

    It has a reserve resource of Rs. 50.25 crores and a share capital of Rs 1.10 Arba. For Fiscal Year 2078/79, the corporation additionally proposed 40% bonus shares worth Rs. 44,25,43,200 and a 2.10% cash dividend (including tax) of Rs 2,32,33,518. The firm has capitalized these extra dividends, resulting in an increased paid-up capital of Rs. 1.54 Arba.

    Furthermore, the business intends to issue 77,44,506 rights shares (1: 0.50 ratio right shares) to shareholders. Following SEBON clearance, this will be given from the paid-up capital of Rs. 1.54 Arba.

    Its annualized earnings per share are Rs 3.56, its net value per share is Rs 145.43, and its P/E ratio is 153.94.

  • Shuvam Power’s first public offering allocation will end tomorrow morning; 48,188 lucky applicants will receive 10 units each.

    Shuvam Power’s first public offering allocation will end tomorrow morning; 48,188 lucky applicants will receive 10 units each.


    Tomorrow morning, or on Magh 27, 2079, Shuvam Power Limited’s (SHUVAM) initial public offering (IPO) will take place. On the property of the issue manager, Muktinath Capital Limited, in Naxal, the allotment program will take place.

    From the 18th Magh to the 22nd Magh, the company distributed 481,882 units of shares with a face value of 100 rupees to the general public as part of an IPO. 10%, or 58,058 units, of the total 580,580 units have already been allocated to Nepalese people living and working overseas. 2%, or 11,610 units, were set aside for firm workers. 5%, or 29,030 units, of the total offered shares were reserved for mutual funds. 481,882 more units were produced for the

     

  • Molung Hydropower Company will issue 22,64,655 unit IPO shares to the general public beginning in February.

    Molung Hydropower Company will issue 22,64,655 unit IPO shares to the general public beginning in February.


    Molung Hydropower Company Limited has issued an offer letter to the general public in preparation for its Initial Public Offering (IPO).

    From the 4th of Falgun, 2079, the company will issue 22,64,655 unit shares with a face value of Rs 100. This IPO is expected to generate Rs 22.64 crore for the company. This issue’s early closing date is the 10th Falgun, and if it is not fully subscribed, it can be extended until the 18th Falgun, 2079.

     

  • With a staggering turnover of Rs. 3.362 Arba, the NEPSE Index soared by a whopping 76.64 points.

    With a staggering turnover of Rs. 3.362 Arba, the NEPSE Index soared by a whopping 76.64 points.


    The NEPSE index finished at 2,177.34 today, up 76.64 points from the previous trading day’s close. This is a 3.65% increase. Yesterday, the index rose 4.57 points.Today, the index began at 2,100.12 and closed at 2,099.03. It reached a high of 2,177.75 before closing at 2,177.34.

    59,927 transactions resulted in the exchange of 260 scrips. A total of 9,333,788 shares were traded, totaling Rs. 3.362 Arba in turnover. This is more than the previous day’s turnover of Rs. 1.474 Arba.

    The largest turnover was Rs. 12.92 crores, with NIC Asia Bank Ltd. (NICA) ending at a market price of Rs. 835 per share. The most traded shares were those of Ngadi Group Power Ltd. (NGPL).

    Five scrips gained everything they could and made it to the positive circuit.12% ICFC Finance Limited Debenture 2083 (ICFCD83) fell the most today, losing 5.90%.Today, all sector indexes finished in the green, with “Investment” gaining the most 6.25% and “Mutual Fund” gaining the least 2.24%.

  • Shuvam Power IPO has received Rs. 1.51 Arba from 13.64 lakh applicants as of the last day.

    Shuvam Power IPO has received Rs. 1.51 Arba from 13.64 lakh applicants as of the last day.


    Shuvam Power Limited (SHUVAM) offered 481,882 units of shares valued at Rs. 4.81 crores to the general public as part of their Initial Public Offering (IPO) from the 18th to the 22nd of March, 2079.

    Out of the entire 580,580 units, 10%, or 58,058 units, have already been issued and assigned to Nepalese people working abroad, 2%, or 11,610 units, have been put aside for the company’s workers, and 5%, or 29,030 units, have been set aside for mutual funds. The remaining 481,882 units were made available to the general public. Following the IPO, the company’s paid-up capital will exceed Rs. 20 crores.

  • Mahila Laghubitta Calls 5th Annual General Meeting on February 21 to Support 50% Dividend

    Mahila Laghubitta Calls 5th Annual General Meeting on February 21 to Support 50% Dividend


    Mahila Laghubitta Bittiya Sanstha Limited (MLBSL) has scheduled its 5th Annual General Meeting on 21st Falgun, 2079. The conference will begin at 11 a.m. that day at the Agantuk Resort in Dhulikhel.

    Among the other items on the agenda, the AGM will approve a 50% dividend of Rs. 7.37 crores for fiscal year 2078/79. On Poush 26, the 51st board of directors resolved to issue the dividend on the paid-up capital of Rs. 14.75 crores. There is a proposal for 47.5% bonus shares worth Rs 7 crores and a 2.5% cash dividend (including tax) of Rs 36.87 lakhs.

    There is also a plan to approve the auditor’s report containing PL statements, financial reports, and cash flow reports for fiscal year 2078/79 and select an auditor for fiscal year 2079/80. During the meeting, the proposal to provide the Board of Directors authority to monitor any company-related merger or acquisition procedures will be adopted. The meeting will also examine expanding the authorized, issued, and paid-up capital of the corporation.

    The book will be closed on February 5th. As a result, shareholders who held shares prior to that date are entitled to the dividend distribution and are welcome to attend this AGM.

  • The revenue generated by Ankhukhola Hydropower has decreased by 10.43% to Rs. 12.23 crores.

    The revenue generated by Ankhukhola Hydropower has decreased by 10.43% to Rs. 12.23 crores.


    Ankhukhola Hydropower Company Limited (AKJCL) has released its Q2 financial report for fiscal year 2079/80, which shows a 29.43% decrease in net profit to Rs. 2.66 crores. During the previous fiscal year’s same quarter, the firm generated a net profit of Rs.3.77 crores.

    Total revenue during the second quarter was down 10.43% to Rs. 12.23 crores as compared to total revenue through the second quarter of FY 2078/079.

    On 8th Bhadra 2070, Ankhu Khola-1 (8.4 MW) was linked to the National Grid. The firm would receive a grant of Rs. 4.62 crore from the Nepal Government for its installed capacity of 8.4 MW. This money has not been included in revenue since it has not yet been received from the Nepal Government.

    Administrative and general expenditures climbed by 30.95% in the second quarter, while finance expenses reduced by 10.67% to Rs. 5.30 Crores.

    The company’s current paid-up capital is Rs.80 crore, with a negative reserve fund of Rs.21.20 crore. With this capital, the capital declared an EPS of Rs. 6.66 and a net value per share of Rs.73.50.

  • Kalinchowk Darshan Limited’s initial public offering (IPO) has concluded, with 1 in every 16 applicants receiving 10 units.

    Kalinchowk Darshan Limited’s initial public offering (IPO) has concluded, with 1 in every 16 applicants receiving 10 units.


    Kalinchowk Darshan Limited’s initial public offering (IPO) was completed today at the offices of Nabil Investment Banking Limited in Kathmandu.

    Kalinchowk Darshan Limited had issued to the general public 896,400 units worth Rs 8.96 crore in an Initial Public Offering (Magh 3-6, 2079).

     

  • Purwanchal Lube Oil (PLO) Will Publish an Initial Public Offering (IPO); Prabhu Capital Limited Will Serve as Issue and Sales Manager

    Purwanchal Lube Oil (PLO) Will Publish an Initial Public Offering (IPO); Prabhu Capital Limited Will Serve as Issue and Sales Manager


    Purwanchal Lube Oil (PLO) plans to issue 500,000 equity shares to the general public through an initial public offering (IPO), with Prabhu Capital Limited serving as the share issue and sales manager.

    On Magh 18, 2079, the two parties’ contract was completed. The agreement was signed by Mr. Bholeshwar Dulal, Managing Director of Purwanchal Lube Oil, and Mr. Dinesh Thakali, Managing Director of Prabhu Capital.

     

  • IPO Proposals of Dolti Power Company and Bhugol Energy Development Company Finally Approved by SEBON

    IPO Proposals of Dolti Power Company and Bhugol Energy Development Company Finally Approved by SEBON


    The Securities Exchange Board of Nepal (SEBON) has approved Dolti Power Company Limited and Bhugol Energy Development Company Limited’s proposed initial public offering (IPO). On Magh 16, both proposals were approved.

    Dolti Power Company will now issue 1,609,458 equity shares with NPR 100 par value each. The issue is worth Rs. 16.09 crore. This is equivalent to 30% of the company’s issued capital. The company’s total paid-up capital after the IPO allotment would be Rs 53.64 crore.

     

  • The ERC has given preliminary approval to Synergy Power Development Company to issue 50% rights.

    The ERC has given preliminary approval to Synergy Power Development Company to issue 50% rights.


    The Electricity Regulatory Commission has given preliminary approval to Synergy Power Development Company (SPDL) to issue a 2: 1 right offering. On Kartik 17, 2079, the application for the issuance of right shares was submitted to ERC.

    On Shrawan 24, 2078, the board of directors proposed issuing 50% right shares on the paid-up capital after adjusting 10% bonus shares for fiscal year 2077/78, i.e. Rs. 80,65,75,000. The company’s paid-up capital will rise to Rs. 120.98 crores after the proposed right share is adjusted.