Tag: Share

  • JALPA Declares No Dividends for FY 2079/80, Pending Regulatory Approval

    JALPA Declares No Dividends for FY 2079/80, Pending Regulatory Approval


    Jalpa Samudayik Laghubitta Bittiya Sanstha Limited (JALPA) has officially declared that it will not be distributing dividends for the Fiscal Year 2079/80.

    The decision was made during the Board Meeting of JALPA on Magh 16, 2080, where it was decided that the company would abstain from distributing any dividends for the mentioned fiscal year. Importantly, the implementation of this decision is contingent upon receiving approval for the financial statements from the regulatory authority, Nepal Rastra Bank, as well as confirmation during the upcoming Annual General Meeting of the company.

    As of the latest update, JALPA’s closing stock price stands at Rs. 1,170.00. This decision not to distribute dividends reflects the company’s current financial strategy and considerations, and further clarity on this matter will be provided following the necessary regulatory approvals.

  • Sarbottam Cement Successfully Allots IPO Shares to Overseas Nepali Workers; ICRA Nepal Reaffirms Ratings

    Sarbottam Cement Successfully Allots IPO Shares to Overseas Nepali Workers; ICRA Nepal Reaffirms Ratings


    Sarbottam Cement Limited has successfully allocated IPO shares to Nepali citizens employed abroad, concluding the allotment process on the morning of 17th Magh, 2080, at the premises of the issue manager, Global IME Capital, located in Kathmandu.

    The cement company had floated 267,000 units of IPO shares through the book-building process, offering them at a price of Rs. 360.90 exclusively for Nepali citizens working overseas. The subscription period for this Initial Public Offering extended from the 25th of Poush to the 10th of Magh, 2080. During this timeframe, interested applicants had the opportunity to apply for IPO shares, with a minimum application size of 50 units and a maximum of 10,000 units.

    The IPO garnered significant attention, evidenced by the receipt of 33,824 applications for the available 21,39,220 unit shares. Following the allocation process, it was observed that 14 applications, originally applying for 720 units, were disqualified. However, the majority of 33,810 applications were approved.

    Among the approved applications, 5,340 applicants out of the total 33,810 were successfully allotted 50 units each through a lottery system as part of the IPO allocation process.

    In a related development, ICRA Nepal has reaffirmed Sarbottam Cement Limited’s issuer rating as [ICRANP-IR] BBB+, emphasizing its stability. Additionally, ICRA Nepal has maintained the long-term rating at [ICRANP] LBBB+ and the short-term rating at [ICRANP] A2 for Sarbottam’s bank loan limits. This reaffirmation by ICRA Nepal underscores the company’s creditworthiness and financial standing in the market.

  • ULBSL Informs Conclusion of Promoter Share Lock-in Period as per SEBON Guidelines

    ULBSL Informs Conclusion of Promoter Share Lock-in Period as per SEBON Guidelines


    Upakar Laghubitta Bittiya Sanstha Limited (ULBSL) has issued a notice regarding the conclusion of the lock-in period for its promoter shareholders. The lock-in period, which began on Baishakh 19, 2079, and ended on Magh 16, 2080, has been formally communicated to investors and stakeholders in accordance with the recent guidelines from the Securities Board of Nepal (SEBON).

    ULBSL, listed on the Nepal Stock Exchange (NEPSE), has a total of 1,061,482 units of shares. Among these, the promoter shareholders held 4,20,000 units, and this lock-in period for these shares officially expired on Magh 16, 2080. Additionally, the company issued 2,21,156 units of IPO shares to the general public.

    With a total paid-up capital of Rs. 10.61 crores, ULBSL has recently listed 6,89,964 units of promoter shares on NEPSE following the issuance of 61.75% bonus shares within a one-year period.

    It’s important to note that the shares held by the promoters, post lock-in period, will be traded in the promoter category and will have a distinct pricing mechanism separate from the public share price. This information is crucial for investors and stakeholders in understanding the market dynamics and classification of shares within ULBSL.

  • NEPSE Index Witnesses a 1.02% Decline

    NEPSE Index Witnesses a 1.02% Decline


    The Nepal Stock Exchange (NEPSE) Index experienced a decline of 21.67 points, equivalent to 1.02% from the previous day’s closing, settling at 2,097.93 points. In contrast, the index had recorded a gain of 14.88 points in the preceding trading session.

    The market commenced today with an opening index of 2,119.17, witnessing fluctuations throughout the day, ranging from an intraday low of 2,088.48 to an intraday high of 2,131.28.

    During the day’s trading activities, a total of 313 different stocks were traded in 95,645 transactions, with a trading volume of 14,777,120 shares and a total turnover of Rs. 5.529 Arba. The market capitalization stood at Rs. 32.96 Kharba, and the float market capitalization was Rs. 11.31 Kharba.

    Himalayan Reinsurance Limited (HRL) led in terms of turnover, achieving a total of Rs. 63.87 crore and concluding the day with a market price of Rs. 714.60.

    In the realm of top gainers, Samling Power Company Limited (SPC) exhibited the highest gain of 9.87%, followed closely by Mandakini Hydropower Limited (MHL) with a gain of 9.67%. These positive movements were observed in today’s trading session.

    These developments in the Nepal Stock Exchange highlight the dynamic nature of the market, with fluctuations in indices, turnovers, and notable performances by specific stocks. The information also underscores the significance of various factors influencing the financial landscape and investor sentiments.NEPSE Index Witnesses a 1.02% Decline

  • Last Chance: NIBL Stable Fund Mutual Fund Public Issue Closing Today

    Last Chance: NIBL Stable Fund Mutual Fund Public Issue Closing Today


     

    NIMB Ace Capital Limited is concluding the public issuance of its mutual fund scheme, “NIBL Stable Fund,” today, on Magh 16, 2080. The originally scheduled closing date on the 5th Magh was extended due to an insufficient number of applications received by the issue manager. The mutual fund scheme, out of a total of 10 crore unit shares, has allocated 1% (10 lakh units) valued at Rs. 1 crore to the scheme manager, NIMB Ace Capital Limited, and 14% (1.4 crore units) worth Rs. 14 crore to the fund sponsor, Nepal Investment Mega Bank Limited. The remaining 8.5 crore units, amounting to Rs. 85 crore, are now available for subscription by the general public. This extension provides an additional opportunity for investors to participate in the NIBL Stable Fund, contributing to the overall capitalization of the mutual fund scheme.

     

  • Gold Jumps Rs. 300/Tola, Silver Gains 15 Rupees in Price Surge

    Gold Jumps Rs. 300/Tola, Silver Gains 15 Rupees in Price Surge


    The price of gold has experienced a notable surge, increasing by Rs. 300 per tola compared to Monday’s trading price, as reported by the Federation of Nepal Gold and Silver Dealers’ Association (FENEGOSIDA). Fine gold is currently being traded at Rs. 1,18,600 per tola, marking a Rs. 300 increment from the previous trading price of Rs. 1,18,300 per tola on Monday. Similarly, Tejabi gold is available today at Rs. 1,18,050 per tola, reflecting a Rs. 300 increase from Monday’s price of Rs. 1,17,750 per tola. This upward trend in gold prices underscores dynamic market conditions and economic factors influencing precious metal values in the region.

     

  • Swarojgar Laghubitta Proposes 7.3684% Dividend, Rs. 4.62 Crores for FY 2079/80 with 7% Bonus Shares and Rs. 23.10 Lakhs Cash

    Swarojgar Laghubitta Proposes 7.3684% Dividend, Rs. 4.62 Crores for FY 2079/80 with 7% Bonus Shares and Rs. 23.10 Lakhs Cash


    Swarojgar Laghubitta Bittiya Sanstha Limited (SLBBL) is set to reward its stakeholders with a proposed dividend of 7.3684%, amounting to Rs. 4.62 crores for the fiscal year 2079/80. The decision was made during the 263rd board meeting on Magh 15, where the directors recommended a distribution on the paid-up capital of Rs. 62.72 Crores. The proposed dividend includes a 7% bonus in shares, equivalent to Rs. 4.39 crores, and a 0.3684% cash dividend, specifically for tax purposes, totaling Rs. 23.10 lakhs. However, the disbursement is contingent upon approval from the central bank and subsequent endorsement during the company’s upcoming Annual General Meeting (AGM). This dividend proposal reflects SLBBL’s commitment to providing value to its shareholders while maintaining regulatory compliance in the financial sector.

     

  • Rangoon Khola Hydropower Announces AGM on Falgun 9, IPO Issuance Key Agenda

    Rangoon Khola Hydropower Announces AGM on Falgun 9, IPO Issuance Key Agenda


    Rangoon Khola Hydropower Limited is set to convene its inaugural Annual General Meeting (AGM) on the 9th of Falgun, 2080. The meeting, scheduled to commence at 11:00 AM at the Company’s Register Office in Sukedhara, Kathmandu, holds significant importance as it addresses crucial agenda items. Among them, the AGM will focus on the endorsement of the company’s annual report, including key financial aspects such as profit and loss statements, financial reports, and cash flow reports for the fiscal year 2079/80. Additionally, the shareholders will deliberate on the appointment of auditors and determine their remuneration, shaping the financial oversight and transparency of Rangoon Khola Hydropower Limited in the upcoming fiscal year. This AGM serves as a pivotal moment for stakeholders to contribute to the strategic decisions and financial governance of the hydropower company.

     

  • USHEC Achieves 47.90% Q2 Net Profit Surge and Robust Revenue Growth

    USHEC Achieves 47.90% Q2 Net Profit Surge and Robust Revenue Growth


    Upper Solu Hydro Electric Company Limited (USHEC) has reported a remarkable surge in net profit, demonstrating a substantial 47.90% increase during the second quarter (Q2) of the fiscal year 2080/81. The company’s profits escalated from Rs. 5.67 crores in the corresponding quarter of the previous year to an impressive Rs. 8.39 crores in the current quarter. This outstanding financial performance is attributed to the notable growth in revenue from power sales, reaching Rs. 42.88 crores for the quarter, marking a 4.94% uptick compared to the same period in the preceding year. The surge in profits underscores the company’s effective management and robust position in the hydroelectric sector, positioning USHEC as a key player in the industry’s growth and sustainability.

     

  • Can I sell my debenture share ?? Or I have to wait until 2088 🥶

    Can I sell my debenture share ?? Or I have to wait until 2088 🥶


    So the context is Mero chai debenture ma share xa 25 kitta ( suru tirw tha na Huda bhareko ) ani at the moment I want to sell them (maila samma Kunai ne share sell or buy gareko xaina just ipo chai varirako hunxu) ani Asti euta Sathi Lai sodheko debenture ko tw sell nai hudaina tero aba 2088 samma teti Kai ho 6 6 month ma byaaj chai aauxa vnya thiyo but what is the reality???
    Maila bechnai mildaina ho??? Paisa adeko jstai ho ki??? Kei solution xa ????

    View on r/NepalStock by Acrobatic_Pianist256

  • Citizens Capital Mutual Funds Report Growth: NAV and Net Profit on the Rise

    Citizens Capital Mutual Funds Report Growth: NAV and Net Profit on the Rise


     

    Citizens Super 30 Mutual Fund (C30MF) unveils its latest Net Asset Value (NAV) report for the month of Poush, showcasing a notable increase from Rs. 10.40 to Rs. 10.77. As a closed-end fund with a maturity period of 10 years, C30MF boasts a substantial fund size of Rs. 75.07 Crores. The fund strategically allocates its assets with Rs. 37.61 Crore invested in listed shares, demonstrating a diversified investment approach. Notably, C30MF also allocates Rs. 7 Crore in fixed return assets, Rs. 2.29 Crore in debentures, and holds a significant bank balance of Rs. 32.90 Crore. This report underscores the fund’s prudent investment strategy and steady growth, making it an appealing option for investors seeking a balanced and long-term investment opportunity.

  • HIDCL Achieves Remarkable Milestone with 11.47% Surge in Q2 FY 2080/81 Net Profit, Reaching Rs. 75.27 Crore; EPS Soars to Rs. 6.61

    HIDCL Achieves Remarkable Milestone with 11.47% Surge in Q2 FY 2080/81 Net Profit, Reaching Rs. 75.27 Crore; EPS Soars to Rs. 6.61


     

    Hydroelectricity Investment and Development Company Limited (HIDCL) reveals a robust financial performance in its recently released unaudited quarterly report for the second quarter of fiscal year 2080/81. Demonstrating an impressive 11.47% increase in net profit, the company achieved a milestone of Rs. 75.27 Crore compared to the previous year’s Rs. 67.52 Crore. With a solid foundation, HIDCL boasts a paid-up capital of Rs. 22.77 Arba and a substantial reserve and surplus of Rs. 1.89 Arba. The company’s strategic investment in equity, amounting to Rs. 3.23 Arba, resulted in a noteworthy revenue of Rs. 1.23 Crores during the same period. Additionally, HIDCL’s finance income of Rs. 1.07 Arba further accentuates its financial prowess, making it a promising entity in the realm of hydroelectric investment and development.