Tag: Shares

  • Existing Promoter of Himalayan Bank Limited Initiates Auction of 21,86,575 Shares for Promoter Shareholders

    Existing Promoter of Himalayan Bank Limited Initiates Auction of 21,86,575 Shares for Promoter Shareholders


    The current promoter of Himalayan Bank Limited (HBL) has initiated an auction process for 21,86,575 units of shares. This auction is exclusively available to existing promoter shareholders and commenced on the 7th of Jestha, 2080.

    The auction specifically targets existing promoters, who have the opportunity to submit their bids within a period of 35 days starting from the publication date of the notice, which is also the 7th of Jestha. Shareholders interested in participating in the auction are required to submit their bids at the central office of the bank, situated in Kamaladi, Kathmandu.

    In the event that no bids are received from existing founder shareholders within the designated timeframe, the shares will be subsequently auctioned to the general public. This ensures that if the existing promoters do not partake in the auction, the opportunity to acquire the shares will be extended to a broader audience.

    The auction process provides a mechanism for existing promoters of Himalayan Bank Limited to potentially increase their ownership stake in the bank. Additionally, it opens up the possibility for new shareholders, including the general public, to invest in the bank and participate in its growth and development.

  • “Vijaya Laghubitta Lists 20% Bonus Shares on NEPSE”

    “Vijaya Laghubitta Lists 20% Bonus Shares on NEPSE”


     

    Vijaya Laghubitta Bittiya Sanstha Limited (VLBS) has recently listed 6,40,000 unit bonus shares on the Nepal Stock Exchange (NEPSE). During their 10th Annual General Meeting held on 28th Chaitra, the company approved a dividend of 21.0526%, totaling Rs. 6.73 Crores, for the fiscal year 2078/79. The board of directors, in a meeting on Magh 10, decided to distribute this dividend based on the paid-up capital of Rs. 32 Crores. As part of the dividend, 20% bonus shares valued at Rs. 6.40 Crores and a 1.0526% cash dividend (for tax purposes) amounting to slightly over Rs. 33.68 lakhs were proposed. These bonus shares are now available for trading on the NEPSE. Yesterday, VLBS closed at a price of Rs. 647.

     

  • KSBBL’s 4.41% Bonus Shares Listed on NEPSE

    KSBBL’s 4.41% Bonus Shares Listed on NEPSE


     

    Kamana Sewa Bikas Bank Limited (KSBBL) has recently listed 13,85,876.4667 unit bonus shares on the Nepal Stock Exchange (NEPSE). The bank approved a dividend of 4.64% during its 16th Annual General Meeting. The dividend will be distributed from the bank’s paid-up capital of Rs. 3.14 Arba. They have proposed to distribute 4.41% bonus shares valued at Rs. 13.85 crores and 0.23% cash dividend worth Rs. 72.94 lakhs. These bonus shares are now available for trading on NEPSE. The Last Traded Price (LTP) of KSBBL shares is currently Rs. 322.60.

  • After successful merger, 8.02 crore unit shares of Himalayan Life Insurance (HLI) listed on NEPSE for trading.

    After successful merger, 8.02 crore unit shares of Himalayan Life Insurance (HLI) listed on NEPSE for trading.


     

    The merger between Gurans Life Insurance Company Ltd. (GLICL), Prime Life Insurance Company Limited (PLIC), and Union Life Insurance Company Limited (ULI) has resulted in the creation of Himalayan Life Insurance Limited (HLI). The merger agreement was signed on Ashad 29, 2079, with a swap ratio of 1:1:1. After the merger, a total of 80,203,837 shares of HLI have been listed on the Nepal Stock Exchange (NEPSE), making it the largest merger in the country’s life insurance sector. The individual shares of GLICL, ULI, and PLIC were 25,365,630 units, 23,428,550 units, and 31,409,657 units respectively.

     

  • Asian Life Insurance Company Limited Lists 24,71,894.42 Unit Bonus Shares on NEPSE, LTP at Rs. 695

    Asian Life Insurance Company Limited Lists 24,71,894.42 Unit Bonus Shares on NEPSE, LTP at Rs. 695


    Asian Life Insurance Company Limited (ALICL) has successfully listed 24,71,894.42 unit bonus shares on the NEPSE (Nepal Stock Exchange). The company’s 15th Annual General Meeting (AGM), held on the 18th of Baisakh, approved an 8.947% dividend for the fiscal year 2078/79. Subsequently, in a meeting of the board of directors held on Falgun 30, it was decided to distribute 8.50% bonus shares valued at Rs. 24.71 crores and a 0.447% cash dividend (for tax purposes) valued at a little over Rs. 1.30 crores. These dividends were proposed from the paid-up capital of Rs. 2.90 Arba.

    Following the listing, the bonus shares of ALICL are now available for trading on the NEPSE. As of the current market data, the Last Traded Price (LTP) of ALICL stands at Rs. 695. Investors and traders can actively participate in the buying and selling of these shares in the stock market.

    The listing of the bonus shares on the NEPSE provides an opportunity for investors to benefit from the additional shares distributed by Asian Life Insurance Company Limited. It allows shareholders to enhance their ownership in the company and potentially realize gains as the company progresses.

  • Unique Nepal Laghubitta Bittiya Sanstha Limited’s FPO Shares Listed on NEPSE

    Unique Nepal Laghubitta Bittiya Sanstha Limited’s FPO Shares Listed on NEPSE


    Unique Nepal Laghubitta Bittiya Sanstha Limited (UNLB) has successfully listed 379,425 unit FPO (Further Public Offering) shares on the NEPSE (Nepal Stock Exchange). These shares were issued to the general public at a face value of Rs. 100 per share, and the offering took place from Jestha 11 to Jestha 17. The total value of the shares issued amounts to Rs. 11.06 crores, utilizing the company’s paid-up capital.

    Following the listing, the FPO shares of UNLB are now available for trading on the NEPSE. As of the current market data, the Last Traded Price (LTP) of UNLB shares stands at Rs. 1,509.60. Investors and traders can now actively engage in buying and selling these shares in the stock market.

    The listing of the FPO shares on the NEPSE provides an opportunity for investors to participate in the growth and potential of Unique Nepal Laghubitta Bittiya Sanstha Limited. It allows the public to become shareholders of the microfinance company and potentially benefit from its performance and future dividends.

  • Upper Syange Hydropower Limited Announces IPO for General Public

    Upper Syange Hydropower Limited Announces IPO for General Public


    Upper Syange Hydropower Limited has released its offer letter, signaling its intention to issue an Initial Public Offering (IPO) to the general public. The company plans to issue 539,500 unit shares with a face value of Rs. 100 each, starting from the 10th of Ashad, 2080. The goal is to raise Rs. 5.39 crore through this IPO. The initial closing date for the subscription is the 13th of Ashad, with a possible extension until the 24th of Ashad, 2080, if the issue is not fully subscribed.

    Out of the total 650,000 units, 10% (65,000 units) has already been allotted to Nepalese citizens working abroad, 5% (32,500 units) has been set aside for mutual funds, and 2% (13,000 units) has been allocated for the company’s employees. The remaining 539,500 units are available for the general public. Following the IPO issuance, the company’s paid-up capital will increase to Rs. 22 crores.

    Previously, the company had issued 2,20,000 unit shares worth Rs. 2.2 crores to project-affected locals in Lamjung District and 65,000 unit shares to Nepalese citizens working abroad. The promoter-public share ratio will be 60.45:39.55 after the completion of this IPO.

    Siddhartha Capital Limited has been appointed as the issue manager for the IPO. Interested applicants can apply for a minimum of 10 units and a maximum of 100,000 units.

    CARE Ratings Nepal Limited (CRNL) has reaffirmed the issuer rating of ‘CARE-NP BB (Is)’ for Upper Syange Hydropower Limited, indicating a moderate risk of default in meeting financial obligations in Nepal.

    Upper Syange Hydropower Limited, originally incorporated as Upper Syange Hydropower Private Limited on January 26, 2009, converted to a public limited company on March 30, 2017. The company is promoted by individual and institutional promoters from various backgrounds. It is currently working on the development of a 2.4 MW Run-of-River (RoR) Upper Syange Hydropower Project (USHP) in Lamjung district, following the BOOT (Build, Own, Operate, and Transfer) mechanism.

  • National Hydropower Company Adjusts Share Price as it Prepares to Issue Right Shares

    National Hydropower Company Adjusts Share Price as it Prepares to Issue Right Shares


    The Nepal Stock Exchange (NEPSE) has made an adjustment to the share price of National Hydropower Company Limited (NHPC) on Ashad 1, Friday. This adjustment was necessary as NHPC closed its books in preparation for issuing right shares, prompting NEPSE to establish a new share price.

    NEPSE has adjusted 50 percent of NHPC’s rightful shares, resulting in a revised share price of Rs. 182.7. This adjusted price was determined based on the closing price of NHPC’s shares in the previous trading day, which was Rs. 223.10. The revised share price will come into effect when trading resumes on Sunday in the secondary market.

    NHPC has announced plans to issue 50% right shares worth Rs. 82.21 Crores. This entails offering a total of 8,221,459.7178 (10:5) units of right shares to its existing shareholders. Currently, NHPC’s paid-up capital stands at Rs. 1.64 Arba, and it will increase to Rs. 2.46 Arba following the issuance of the proposed right shares.

  • Ghorahi Cement Industry Launches IPO Offering of 69.11 Lakh Unit Shares to the Public

    Ghorahi Cement Industry Launches IPO Offering of 69.11 Lakh Unit Shares to the Public


    Ghorahi Cement Industry is now offering 69.11 lakh unit ordinary shares at a premium price of Rs 435 to the general public through an Initial Public Offering (IPO) that started on Jestha 32, 2080. The IPO will be open for subscription until Asar 4, 2080, and if necessary, the closing date may be extended until Asar 14, 2080.

    Interested individuals can apply for a minimum of 10 units and a maximum of 10 lakh unit shares. This information has been provided in a media statement issued by the company.

    After expanding its production capacity, Ghorahi Cement Industry can now produce 6000 tons of clinker and 4000 tons of grinding material per day, as stated in the media statement.

  • Dobhan HydroPower Company Appoints Sanima Capital as Issue Manager for Upcoming IPO

    Dobhan HydroPower Company Appoints Sanima Capital as Issue Manager for Upcoming IPO


    Dobhan HydroPower Company has recently chosen Sanima Capital as the issue manager for its upcoming initial public offering (IPO). The agreement between the hydro company’s Managing Director, Mr. Puranjan Rai, and the merchant bank’s CEO, Mr. Bishm Raj Chalise, was formalized during a program, according to a media statement.

    In the IPO, Dobhan HydroPower Company plans to offer 2.28 million unit shares to the general investors, amounting to a total value of Rs. 22.80 crore. The hydro company is presently involved in the construction of the Junbesi Khola hydro project in the Solukhumbu district, with 75% of the construction work already completed, as stated in the media release.

  • Kumari Bank Limited to Auction Promoter Shares to Existing Promoter Shareholders

    Kumari Bank Limited to Auction Promoter Shares to Existing Promoter Shareholders


    Kumari Bank Limited (KBL) has announced an auction of 2,68,949 units of shares to existing promoter shareholders, starting from today, the 31st of Jestha, 2080.

    The auction is exclusively open to the existing promoters of KBL, who will have a period of 35 days from the date of this notice to submit their bids. Eligible shareholders are required to submit their bids at the central office of the bank, located in Naxal, Kathmandu.

    The auction involves the sale of promoter shares, totaling 2,68,949 units of KBL. It presents an opportunity for existing promoters to acquire additional shares within the bank. The auction process will allow interested parties to determine the price they are willing to pay for the shares.

    As of the latest update, the Last Traded Price (LTP) of KBL shares stands at Rs. 164.80. This information provides shareholders with a reference point for evaluating the potential value of the shares being auctioned.

    By conducting the auction exclusively for existing promoter shareholders, Kumari Bank Limited aims to strengthen the promoter base and enhance their participation in the bank’s ownership structure. The auction presents an avenue for existing promoters to increase their stake in KBL and align their interests further with the bank’s long-term growth and success.