Tag: Shares

AHPC Initiates Auction for Unclaimed Right Shares

Auction for the unclaimed portion of Arun Valley Hydropower Development Company Limited’s (AHPC) right shares commences today, on the 10th of Baisakh, 2081, and will run until the 24th of Baisakh, 2081.

A total of 19,92,134 units of ordinary right shares will be up for auction, representing the unclaimed segment of the rights offering. AHPC had issued a 1:1 ratio right share from the 17th of Falgun to the 7th of Chaitra, 2080.

Among the total right shares issued, only 1,66,87,492 (89.34%) units were allotted to eligible shareholders, leaving 10.66% unclaimed by eligible investors. Consequently, the same 19,92,134 units of unsold right shares are now available for the general public starting today.

Both individuals and institutions are eligible to participate in the auction.

Muktinath Capital Limited has been appointed as the issue manager for this right share offering. The minimum bid rate for the auction is set at Rs. 100, with a minimum bid quantity of 100 units. While bidders can bid for the entire issue, they must adhere to the regulatory board’s guidelines to ensure that the specified quantity of shares per entity is not exceeded.

April 22, 2024
RIDI Initiates Auction of Unclaimed Right Shares: Opportunity for Public Participation

Ridi Power Company Limited (RIDI) has initiated the auction of the unclaimed portion of its right shares starting from the 29th of Chaitra, 2080, with the auction set to conclude on the 9th of Baisakh, 2081. The company aims to sell 11,35,657 units of ordinary right shares, representing the unclaimed segment from its recent rights offering.

During the rights offering period, which ran from the 18th of Falgun to the 8th of Chaitra, 2080, RIDI issued shares at a ratio of 1:0.50 to its existing shareholders. However, out of the total right shares issued, only 66,08,849 units (85.34%) were allotted to eligible shareholders, indicating that 14.66% of the shares remained unclaimed.

Therefore, the company has decided to make these unsold right shares available to the general public starting from today. Individuals and institutions alike have the opportunity to participate in the auction and bid for these shares.

Muktinath Capital Limited has been appointed as the issue manager for this right share auction. The minimum bid rate for the auction is set at Rs. 100, with a minimum bid quantity of 100 units. While bidders have the option to bid for the entire issue, they must adhere to the regulatory board’s guidelines to ensure that the specified quantity of shares per entity is not exceeded.

April 11, 2024
AHPC Successfully Allots 1:1 Right Shares: Unclaimed Shares to be Auctioned Soon

Arun Valley Hydropower Development Company Limited (AHPC) recently completed the allotment of its right shares at a 1:1 ratio on the 27th of Chaitra, 2080. Following the allotment process, shares were distributed to eligible applicants, while those who were not allotted shares will receive their refunds starting from the 30th of Chaitra, 2080.

During the issuance period, which ran from the 17th of Falgun to the 7th of Chaitra, 2080, a total of 1,86,79,626 units of right shares were made available. The company declared the book closure date for its rights offering on Magh 15, ensuring that investors who held shares before this date were eligible to apply for the additional shares.

Out of the total issuance, 1,66,87,492 shares were allotted to 33,714 valid applicants. However, there were 19,92,134 (10.66%) shares that remained unclaimed by eligible investors. These unclaimed shares will soon be auctioned off to the general public and institutions.

Overall, the completion of the right shares allotment signifies an important step for AHPC in its efforts to raise capital and further its hydropower development initiatives.

April 11, 2024
End of Lock-in Period: VLUCL Notifies Investors Regarding Mutual Fund Shares

Vision Lumbini Urja Company Limited (VLUCL) has informed its investors and stakeholders about the impending end of the lock-in period for 95,625 unit shares held by Mutual Funds. This lock-in period, in accordance with the latest directives from the Securities Board of Nepal (SEBON), is scheduled to expire on the 4th Jestha, 2081.

VLUCL, with a total of 19,125,000 units of shares listed on the Nepal Stock Exchange (NEPSE), reserved 5 percent of these shares exclusively for Mutual Funds. Consequently, 95,625 unit shares were issued and are currently under the lock-in period.

In compliance with SEBON’s directives, these 95,625 units were subjected to a lock-in period, which is set to conclude on the 4th Jestha, 2081, as communicated to investors and stakeholders.

As of the previous trading day, VLUCL closed at Rs. 507.00.

April 11, 2024
Kumari Bank Limited Auctions Promoter Shares of Sagarmatha Lumbini Insurance Company Limited: Opportunity for Investors

Kumari Bank Limited (KBL) has initiated the auction of promoter shares of Sagarmatha Lumbini Insurance Company Limited (SALICO), commencing from today, 28th Chaitra, until 1st Jestha, 2080. This auction presents an opportunity for investors to acquire shares in SALICO, a prominent insurance company in Nepal.

A total of 1,14,612 unit promoter shares of SALICO are being auctioned, with promoter shareholders eligible to participate in the bidding process. The minimum bid rate for SALICO’s auction is set at Rs. 275, with a minimum bid quantity of 1,000 units for promoter shares. While bidders have the option to bid for the entire issue, they must adhere to the regulations set by the Nepal Rastra Bank, ensuring that the specified quantity of shares per entity is not exceeded.

The auction is managed by Kumari Capital, providing a transparent and efficient platform for investors to participate. As of the latest update, SALICO’s Last Traded Price (LTP) stands at Rs. 667.00, indicating the current market value of the company’s shares.

April 10, 2024
Nepse TMS 1 Login | NEPSE Online Trading System

Kumari Securities Pvt. Limited

Dillibazar, Kathmandu, Nepal.
01-4418036

Stock Broker Number 1

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Kumari Securities Pvt. Ltd., a pioneering force in Nepal’s financial landscape, has a rich history dating back to its establishment in the year 2053 B.S. (April 6, 1996 A.D.). Originally founded as a corporation, the firm has since evolved into a prominent stock brokerage entity with a strong presence in the market.

Under the regulatory umbrella of the Securities Board of Nepal (SEBON), Kumari Securities Pvt. Ltd. proudly holds a license to operate in the financial sector. Additionally, the firm boasts membership with the prestigious Nepal Stock Exchange Ltd. (NEPSE) and holds the esteemed designation of being a Clearing Member with the Central Depository System and Clearing Limited (CDSC).

Kumari Securities Private Limited stands as one of Nepal’s earliest and most renowned stock brokerage firms. As a licensed stockbroker recognized by the Securities Board Nepal, the company actively engages in broking services for a wide array of listed securities within NEPSE. This includes corporate shares, stocks, debentures, bonds, mutual fund units, and the development, operation, and enhancement of global markets.

A testament to its pioneering spirit, Kumari Securities is a founding member of the Nepal Stock Exchange Ltd. (NEPSE), actively participating in the market since its inception, even during the era of the “Open Out Cry System.” As the first recipient of a stockbroking license in Nepal, the firm proudly bears the Stock Broker Member Code No. 01. With its main office located in Kumari Marg, Dillibazar, Kathmandu-30, and a branch office at New Road in Pokhara, Kumari Securities maintains a robust presence to better serve its clientele.

Kumari Securities offers comprehensive securities and shares broking services, further complemented by its Depository Participant (DP) services through Nepal DP Limited, a publicly-traded entity promoted by the firm.

With over 23 years of active engagement in the Nepalese stock market, Kumari Securities Pvt. Ltd. has garnered a loyal clientele, both individual and institutional, owing to its unwavering commitment to delivering professional services. The firm’s dedication to information, technology, and knowledge underscores its ability to provide a diverse range of broking services, positioning it as a reliable partner for investors in Nepal and beyond.

As a longstanding institution in Nepal’s financial landscape, Kumari Securities Private Limited remains committed to its mission of contributing to the growth and development of the nation’s capital market while fostering enduring relationships with its valued clients.

April 10, 2024
Nepse TMS 32 Login | NEPSE Online Trading System

Premier Securities Company Limited

Putalisadak, Kathmandu, Nepal.
01-4231339

Stock Broker Number 32

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As one of the pioneers in the stock brokerage industry, we take immense pride in being among the first stock brokers to receive authorization from the Nepal Securities Board to operate on the Nepal Stock Exchange. Our commitment to providing you with comprehensive information and exceptional stock brokerage services remains unwavering. Our goal is to ensure that you make the most of your investment journey.

The Nepalese Stock Market has experienced a remarkable transformation in recent years, marked by significant strides in digitizing market securities. This journey toward digitization and modernization continues to evolve. Here are some key highlights of these advancements:

1. DEMAT Accounts: The majority of active investors in Nepal now possess DEMAT accounts. This transition has eliminated the need for physical share certificates, simplifying and streamlining the process of owning and managing securities.

2. C-ASBA: The introduction of the C-ASBA (Centralized Application Supported by Blocked Amount) system has revolutionized the way investors participate in Initial Public Offerings (IPOs). Gone are the days of waiting in long lines for hours to submit IPO application forms. This innovative system has made the IPO application process efficient and hassle-free.

3. Digital Share Transfer: The lengthy and cumbersome process of transferring ownership titles for shares is now a thing of the past. Investors no longer need to carry physical share certificates or engage in complex name transfer documentation. Digitalization has expedited and simplified these procedures.

4. NEPSE Online Trading System (NOTS): Our online trading platform, the NEPSE Online Trading System (NOTS), empowers investors to trade at their convenience, from anywhere with an internet connection. This user-friendly system provides flexibility and accessibility, allowing you to make informed investment decisions on your terms.

As Nepal’s financial markets continue to embrace digitalization, the future holds even more opportunities and conveniences for investors. We are committed to staying at the forefront of these advancements, ensuring that you have the tools and resources necessary to thrive in this dynamic landscape.

At our brokerage, we believe in the power of knowledge and technology to enhance your trading experience. We are dedicated to supporting you as you navigate the evolving landscape of the Nepalese stock market. Your financial goals are important to us, and we are here to assist you in achieving them efficiently and effectively.

April 9, 2024
Nepse TMS 13 Login | NEPSE Online Trading System
Thrive Brokerage House Pvt. Limited

Naxal, Kathmandu, Nepal.
01-4419051

Stock Broker Number 13

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Thrive Brokerage House Pvt. Ltd., a distinguished stock brokerage firm, traces its roots back to the year 2053 B.S. (15 July 1993 A.D.) when it was initially established. The company’s maiden registration took place under the purview of the Nepalese Company Act, bearing the name Annapurna Securities Pvt. Ltd. Notably, a significant transformation occurred on the 2nd of Shrawan, 2067 B.S. (18/07/2010 A.D.), when the company adopted its current identity as Thrive Brokerage House Pvt. Ltd. This evolution was duly registered in the Office of Company Registrar.

Thrive Brokerage House Pvt. Ltd. is backed by a stockbroker license issued by the Securities Board of Nepal (SEBON) and proudly holds membership with the Nepal Stock Exchange Ltd. (NEPSE). Furthermore, the company operates as a clearing member (CDSC) with CDS and Clearing Limited.

As a founding member of Nepal Stock Exchange Ltd. (NEPSE), Thrive Brokerage has been an active participant in the market since the inception of Nepal’s stock market, dating back to the era of the “Open Out Cry System.” The company holds the distinction of being the 13th firm among the initial 25 to be granted stock broking licenses in Nepal, recognized by its Stock Broker Member Code No. 13.

The headquarters of Thrive Brokerage are strategically located at Bacchapokhari Marg, Naxal, Kathmandu-1. Additionally, the company operates a Work Station office in Gairapatan, Pokhara-4, both of which commenced operations on the 25th Chaitra, 2066 B.S. (07/04/2010 A.D.).

Thrive Brokerage offers a comprehensive range of services, including full-fledged securities/shares broking services and Depository Participant (DP) services, facilitated through Nepal DP Limited—a publicly traded entity promoted by Thrive Brokerage.

With over two decades of active participation in the Nepalese stock market, Thrive Brokerage has garnered a substantial client base comprising satisfied individual investors who have engaged with us for an extended period. Our clientele also includes a mix of listed and non-listed public entities, along with numerous private organizations. Over the years, we have had the privilege of serving renowned global organizations, including:
1. The International Finance Corporation (IFC)
2. Asian Development Bank (ADB)
3. Hotels Oberoi
4. Korean Development Bank (KDB)
These partnerships underscore our commitment to excellence and our ability to cater to a diverse array of clients, both locally and on the international stage. Thrive Brokerage House Pvt. Ltd. remains dedicated to providing top-tier services and driving the growth of Nepal’s dynamic stock market.
April 9, 2024
Nepse TMS 54 Login | NEPSE Online Trading System

Sewa Securities Pvt. Ltd.

Tripureshwor, Kathmandu, Nepal.
01-4256642

Stock Broker Number 54

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Sewa Securities Pvt. Ltd. proudly stands among Nepal’s esteemed stock brokers, numbering among the 49 registered entities in this crucial sector. Since the year 2007 AD, we have been diligently engaged in the business of buying and selling shares on behalf of our valued clients, fostering trust and delivering results.

Our commitment to compliance and regulatory adherence is underscored by our registration with both the Nepal Stock Exchange (NEPSE) and the vigilant Securities Board of Nepal (SEBON). As a testament to our dedication to the industry, we are also members of the Nepal Broker Association, reflecting our active participation in the sector’s collective efforts.

It is noteworthy that until September 2011, NEPSE had only 23 stock brokers operating within its domain. However, in a pivotal moment for the industry, NEPSE initiated a call for new members through a rigorous application process. Only those applicants who demonstrated exceptional competence and commitment, such as Sewa Securities Pvt. Ltd., earned acceptance into this esteemed group of stock brokers.

With offices strategically located in Kathmandu and Hetauda, we are well-positioned to serve our clients with excellence, ensuring quick responses and on-time delivery. Our commitment to providing top-notch service extends to our support for businesses in navigating their stock transactions, further solidifying our reputation as a trusted partner in the financial markets.

Sewa Securities Pvt. Ltd. remains dedicated to the principles of professionalism, reliability, and client-centricity. We take pride in being a dependable resource for our clients, and we look forward to continuing our journey alongside them, facilitating their financial aspirations and endeavors.

April 9, 2024
Mandakini Hydropower Limited Lists Bonus Shares on NEPSE Following AGM Dividend Decision

Mandakini Hydropower Limited (MHL) has recently listed 2,79,317.53 unit bonus shares on the Nepal Stock Exchange (NEPSE). This follows the company’s 10th Annual General Meeting (AGM), which took place on Poush 29, 2080, where a 5% dividend for the fiscal year 2079/80 was endorsed. During a board of directors meeting held on the 29th of Mangsir, it was decided to distribute the dividend, consisting of 4.75% bonus shares and 0.25% cash dividend, inclusive of tax.

These bonus shares have now been officially listed on NEPSE. As of the latest update, Mandakini Hydropower Limited (MHL) has a Last Traded Price (LTP) of Rs. 417.90.

April 7, 2024
Can I sell shares without tms account?

I got paid in stocks by People Power Limited. I have 1500 untis of PPL. I am wondering if I can sell those shares without tms and demat account. I applied for demat account today. They told me it will take a week for it. At this rate it might take a months to sell those shares. I see good selling opportunity in PPL in couples days. But I might miss that opportunity if it took too long to open a tms account.

Any suggestions are appreciated. Thank you.

View on r/NepalStock by ninetyOne-

April 5, 2024
1100 pieces of Sarbottam Cement shares sold by an individual?

How is it possible that someone sells 1100 pieces of Sarbottam Cement shares on its 8th trade day?

View on r/NepalStock by UKtheAsian

April 5, 2024