Tag: sharesansar

  • “SEED Energy Joins Forces with NMB Capital for IPO Advisory”

    “SEED Energy Joins Forces with NMB Capital for IPO Advisory”


     

    SEED Energy Limited, a company supported by SEED Investment Private Limited, has joined forces with Nepal’s renowned merchant bank, NMB Capital Limited. This exciting collaboration marks a significant step as SEED Energy gets ready to introduce its ordinary shares to the public through an Initial Public Offering (IPO). This move is part of SEED Energy’s expansion into diverse economic sectors, including Hydropower, Infrastructure Manufacturing, and Hotels.

    Mr. Pankaj Chandra Shrestha, Chairman of SEED Energy, expressed his enthusiasm, stating, “We’re excited to share that SEED Energy is gearing up for an IPO of its ordinary shares, and we’re delighted to partner with NMB Capital as our trusted advisor for the IPO process. NMB Capital’s expertise will greatly assist us as we journey toward this important milestone. This collaboration underscores our commitment to delivering value to all our stakeholders.”

     

  • “Nepal’s 2022/23 Macroeconomic and Financial Report Released by Central Bank”

    “Nepal’s 2022/23 Macroeconomic and Financial Report Released by Central Bank”


     

    Nepal Rastra Bank has reported that inflation was around 7.74 percent year-on-year. The country’s foreign exchange reserves were at USD 11.74 billion. However, both imports and exports saw declines, with imports dropping by 16.1 percent and exports decreasing by 21.4 percent. This is in contrast to the previous year when imports had increased by 24.7 percent and exports had risen by 41.7 percent.

    In terms of loans, an amount of Rs. 197.06 billion was given out to 145,778 borrowers in mid-July 2023. Among these borrowers, Rs. 135.76 billion was provided to 60,350 individuals involved in commercial agriculture and livestock businesses. Additionally, Rs. 58.38 billion was extended to support 82,718 women entrepreneurs. The remaining Rs. 2.91 billion was allocated to 2,710 borrowers falling under other categories of concessional loans.

     

  • “Upper Tamakoshi Hydropower’s Offer Letter Released for Right Shares Issue Opening on Bhadra 18”

    “Upper Tamakoshi Hydropower’s Offer Letter Released for Right Shares Issue Opening on Bhadra 18”


     

    Upper Tamakoshi Hydropower Limited has released an offer letter to introduce its 100% rights shares. As per the publicly disclosed offer letter, the company plans to accept applications for these right shares at a 1:1 ratio, or 100%, from the 18th of Bhadra to the 7th of Ashwin, 2080.

    The hydropower firm intends to distribute 105,900,000 units of right shares, totaling Rs. 10.59 Arba, to its existing shareholders. This issuance will lead to a subsequent increase in the company’s paid-up capital to Rs. 21.18 Arba following the adjustment of the proposed right shares.

     

  • “CASBA/Meroshare Settlements Impacted by Technical Issue”

    “CASBA/Meroshare Settlements Impacted by Technical Issue”


     

    A recent technical issue has temporarily affected the CASBA/Meroshare application’s settlement procedures. This problem has caused delays in the settlement processes. The team is actively working to fix the issue, and further information will be provided once the matter is resolved.

  • “Himalayan 80-20 Public Offering: Your Comprehensive Guide”

    “Himalayan 80-20 Public Offering: Your Comprehensive Guide”


     

    The “Himalayan 80-20” mutual fund scheme is backed by Himalayan Bank and overseen by Himalayan Capital. This marks the debut mutual fund for Himalayan Capital.

    Himalayan Bank Limited, founded in 1993 as a partnership with Pakistan’s Habib Bank Limited, has been a prominent force in Nepal’s banking sector. The bank has consistently led by introducing novel banking services, including the first Premium Savings Account, HBL Proprietary Card, Millionaire Deposit Scheme, ATMs, and Tele-banking. From its inception, the bank has prioritized innovation and customer contentment. Its journey began at Thamel, Kathmandu’s Employees Provident Fund Building, also known as Sanchayakosh Building.

  • “Nepal-Bangladesh Power Deal: 40 MW Export in First Phase Marks Milestone Agreement”

    “Nepal-Bangladesh Power Deal: 40 MW Export in First Phase Marks Milestone Agreement”


     

    A recent multi-party agreement has been established to enable electricity supply from Nepal to Bangladesh. The agreement involves Nepal, India, and Bangladesh, and is considered a preliminary step. The Ministry of Energy, Water Resources, and Irrigation has disclosed that the initial phase will see Bangladesh purchasing 40 megawatts of electricity from Nepal.

     

  • “NEPSE Ends Positive: Up 8.01 Points, Turnover at Rs 1.54”

    “NEPSE Ends Positive: Up 8.01 Points, Turnover at Rs 1.54”


     

    In today’s trading, the Nepal Stock Exchange (NEPSE) Index ended at 2,033.13 points, marking a gain of 8.01 points or 0.39% from the previous day’s close. This bounce back follows a 20.31-point dip in the index during the previous trading session.

    The day started with the index opening at 2,025.98 and reaching a peak of 2,043.01 at one point. However, the market also experienced a temporary drop, hitting a low of 2,025.40 before eventually settling at the closing value of 2,033.13.

     

  • “Samudayik Laghubitta and Prabhu Life Insurance Bonus Shares Listed on NEPSE”

    “Samudayik Laghubitta and Prabhu Life Insurance Bonus Shares Listed on NEPSE”


    Samudayik Laghubitta Bittiya Sanstha Limited (SLBSL) has recently listed 1,32,000 units of bonus shares on the Nepal Stock Exchange (NEPSE). During their 9th Annual General Meeting held on the 22nd of Ashad, 2080, the company approved a 15% dividend for the fiscal year 2078/79. This dividend will be distributed based on the company’s paid-up capital of Rs. 13.20 Crores. Additionally, the board of directors also proposed issuing 10% bonus shares amounting to Rs. 1.32 crores and a 5% cash dividend totaling Rs. 66 lakhs.

    At present, the Last Traded Price (LTP) of SLBSL stands at Rs. 864.90.

     

  • “Nepal Oil Corporation Raises Petrol and Diesel Prices”

    “Nepal Oil Corporation Raises Petrol and Diesel Prices”


     

    Nepal Oil Corporation (NOC) recently raised the prices of petrol and diesel, causing a stir in the local market. The corporation’s board meeting, held on Tuesday, led to a unanimous decision to adjust prices. Diesel and kerosene prices surged by Rs. 14 per liter, while petrol increased by Rs. 5 per liter. As a result, consumers now pay Rs. 175 per liter for petrol and Rs. 164.5 per liter for diesel and kerosene, impacting the people significantly.

  • “RADHI Reports Q4 Profit; Slight Dip in Revenue from Power Sales”

    “RADHI Reports Q4 Profit; Slight Dip in Revenue from Power Sales”


    Radhi Bidyut Company Limited (RADHI) has reported a remarkable 121.33 percent increase in its net profits during the fourth quarter, reaching Rs. 11.27 crores for FY 2079-80. This substantial growth contrasts with the Rs. 5.09 crores earned in the same period of the previous fiscal year, 2078-79. The company’s primary income source, power sales, has experienced a decline of 4.82 percent, amounting to Rs. 12.84 crores for FY 2079-80.

     

  • “Closing Today: 9% Nepal SBI Bank Debenture 2089 (NSBD98) Issue”

    “Closing Today: 9% Nepal SBI Bank Debenture 2089 (NSBD98) Issue”


     

    Starting from today, Nepal SBI Bank Limited is concluding the public offering of its “9% Nepal SBI Bank Debenture 2089,” consisting of 2,000,000 units priced at Rs. 1000 per unit.

    Initially, the issue had commenced on the 18th of Shrawan, 2080, and was scheduled to close early on the 22nd of Shrawan. However, due to the issue not attaining full subscription by the original closing date, the deadline has been extended until the 31st of Shrawan.

  • “API Power Begins 40% Right Share Issue Today”

    “API Power Begins 40% Right Share Issue Today”


     

    API Power Company Limited (API) has initiated the sale of right shares, beginning today (Shrawan 31), which represents 40 percent of its current paid-up capital. The company’s plan involves offering 4 new shares for every 10 existing shares held. This means a total of 16,533,137 right shares will be available, each priced at Rs. 100.

    To facilitate this right share issuance, the company recently completed its book closure on Ashad 22. Shareholders are now eligible to apply for these right shares until the 19th of Bhadra.