Tag: sharesansar

  • “Citizen Life Insurance IPO for Nepalese Employed Abroad Closes Today; Oversubscribed by 1.62 Times.”

    “Citizen Life Insurance IPO for Nepalese Employed Abroad Closes Today; Oversubscribed by 1.62 Times.”


     

    “Closing Today: Citizen Life Insurance IPO for Nepalese Citizens Abroad. The life insurance company’s IPO offering 11,25,000 unit shares to Nepalese citizens working abroad concludes on the 14th Shrawan. The total issued capital of the company stands at Rs. 3.75 Arba, with 30% of it, equivalent to 1,12,50,000 unit shares, being made available to the public, including Nepalese citizens abroad and the general public. Out of this, 10% (11,25,000 unit shares) is reserved for citizens working abroad, 5% (562,500 units) for the company’s employees, and another 5% (562,500 units) for mutual funds. The remaining 90,00,000 units will be offered to the general public at a later date.”

     

  • “Last Day for Locals IPO: Bhagawati Hydropower”

    “Last Day for Locals IPO: Bhagawati Hydropower”


     

    Bhagawati Hydropower Development Company Limited is wrapping up its IPO for project-affected locals today, the 14th Shrawan. The company issued a total capital of Rs. 57.20 Crores, with 10% (572,065 unit shares) allocated to locals in the Kaski District. Additionally, 15% of the capital (858,097 unit shares) will be offered to the general public later. Out of this, 10% (85,810 unit shares) were set aside for Nepalese citizens working abroad, and their issue closed on the 7th Shrawan, 2080.

     

  • “NIMB Ace Capital’s Mutual Funds NAV Report for Ashad; Dividends Expected for Two Schemes”

    “NIMB Ace Capital’s Mutual Funds NAV Report for Ashad; Dividends Expected for Two Schemes”


    NIBL Pragati Fund (NIBLPF), a 7-year closed-end mutual fund scheme, has reported an increase in its Net Asset Value (NAV) for the month of Ashad.

    The financial report reveals that the NAV of the mutual fund scheme has risen to Rs. 10.68 at the end of Ashad, 2080, compared to Rs. 10.28 in the previous month. The scheme began with a total fund of Rs. 75 crore and made investments of Rs. 49.40 crore in listed shares and Rs. 14.46 crore in public issues, right shares, and bonus shares. It also holds Rs. 15.35 crores in its bank balance.

     

  • “NIC Asia Capital’s Mutual Funds Show NAV Growth and Increased Profit in Ashad”

    “NIC Asia Capital’s Mutual Funds Show NAV Growth and Increased Profit in Ashad”


     

    NIC Asia Balanced Fund (NICBF), a 10-year close-end mutual fund scheme managed by NIC Asia Capital, has released its financial highlights for the month of Ashad. The Net Asset Value (NAV) for the period is Rs. 11.28, showing an increase from Rs. 10.96 a month ago.

    At the beginning of the scheme, the total fund size was Rs. 75.50 crores, which included seed capital from the fund sponsor. NICBF has made investments of Rs. 39.22 crores in shares of listed companies and Rs. 21.77 crores in debentures. Additionally, it has invested Rs. 50.98 lakhs in non-listed shares, while maintaining a bank balance of Rs. 22.16 crores.

     

  • “Siddhartha Capital’s NAV Report for Ashad”

    “Siddhartha Capital’s NAV Report for Ashad”


     

    The scheme started with a total fund of Rs. 1.50 Arba and made various investments. It invested Rs. 1.17 Arba in listed shares and Rs. 2.98 crores in public issues, right shares, and bonus shares. Additionally, it invested Rs. 6.54 crore in bonds and debentures and Rs. 12.5 crore in fixed deposits. The scheme also has Rs. 19.55 crores in its bank balance. Up until the month of Ashad, the scheme posted a net profit of Rs. 7.62 Crores. In the previous month, it incurred a net loss of Rs. 3.11 Crores.

  • “CBFIN Urges Risk Weightage Reduction and Policy Changes in Nepal’s Financial Sector”

    “CBFIN Urges Risk Weightage Reduction and Policy Changes in Nepal’s Financial Sector”


    In banking and finance, risk weightage is a percentage assigned to assets or loans based on how risky they are. This percentage determines how much capital a bank needs to keep aside as a safety cushion in case of losses. Higher-risk assets get higher risk weightages, meaning more capital needs to be reserved for them. Lower-risk assets get lower risk weightages, requiring less capital. This calculation is vital for assessing a bank’s financial strength, known as the capital adequacy ratio.

     

  • “SEBON Instructs Listed Organizations on Securities Law Compliance”

    “SEBON Instructs Listed Organizations on Securities Law Compliance”


     

    SEBON (Securities Board of Nepal) Issues Directive to Listed Organizations for Full Compliance with Securities Law. The directive, consisting of four key points, aims to streamline information flow and stresses timely submission of data and details. SEBON observed non-compliance in the past and seeks improved adherence from organized organizations.

  • “Nepal Rastra Bank Updates Risk Weightage for Share Mortgage Loans”

    “Nepal Rastra Bank Updates Risk Weightage for Share Mortgage Loans”


     

    The Nepal Rastra Bank has released a circular implementing changes in the Monetary Policy 2080/81. In this circular, they clarified that share mortgage loans above Rs. 50 lakhs will now carry a 150 percent risk weight, instead of the previous limit of Rs. 25 lakhs. The 150 percent risk weight will continue to apply to share mortgage loans exceeding Rs. 50 lakhs.

     

  • “LBB L’s Q4 Net Profit Dips, Impairment Charges Soar”

    “LBB L’s Q4 Net Profit Dips, Impairment Charges Soar”


     

    Lumbini Bikas Bank Limited (LBBL) has released its fourth-quarter report for the recently ended financial year, showing a slight decrease in net profit by 3.88 percent compared to the same period in the previous year. In Q4 of FY 079-80, the company made a profit of Rs. 61.24 crores.

    The most significant change in the report is the substantial increase in impairment charges for the company during the last quarter of FY 079-80, reaching Rs. 40.31 crores. This is in contrast to the Rs. 3.40 crores impairment charges incurred by the bank during the same quarter of FY 078-079.

     

  • “CZBIL Reports Increased Net Profit, EPS at Rs. 15.59”

    “CZBIL Reports Increased Net Profit, EPS at Rs. 15.59”


     

    Citizens Bank International Limited (CZBIL) has released its fourth-quarter report for the recent financial year, showing a Net Profit of Rs. 2.21 Arba. This represents a growth of 10.41 percent compared to the profits of the same quarter in the previous financial year 2078-79. The company’s core revenue stream, Net Interest Income, has risen by 17.30 percent to reach Rs. 5.85 Arba in the fourth quarter of FY 079-80. Additionally, the Operating profit of the company has increased by 13.42 percent, amounting to Rs. 3.07 Arba.

     

  • “Gold Price Drops by Rs. 900 Per Tola to Rs. 112,600; Silver Follows Suit”

    “Gold Price Drops by Rs. 900 Per Tola to Rs. 112,600; Silver Follows Suit”


    The price of gold has decreased by Rs. 900 per tola compared to yesterday’s rates. Today, fine gold is being traded at Rs. 112,600 per tola, whereas yesterday, it was at Rs. 113,500 per tola. Tejabi gold is now being traded at Rs. 112,050 per tola, whereas it was priced at Rs. 112,950 per tola yesterday.

     

  • “NMB Capital’s Mutual Funds See NAV and Net Profit Rise in Ashad; Dividends Expected for Three Schemes”

    “NMB Capital’s Mutual Funds See NAV and Net Profit Rise in Ashad; Dividends Expected for Three Schemes”


     

    The NMB Saral Bachat Fund – E (NMBSBF) recently released its NAV report. This mutual fund operates as an open-ended fund with no maturity period, allowing the fund manager to increase its size as needed. As of Ashad, the fund size has grown to Rs. 1.24 Arba from Rs. 1.17 Arba in the previous month. The Net Asset Value (NAV) in Ashad is Rs. 9.52, showing an increase from Rs. 9.25 in the previous month. The fund’s investments include Rs. 80.74 crore in listed shares, Rs. 63.58 lakhs in public issues, and Rs. 16.05 crore in fixed deposits. Moreover, the fund has Rs. 14.22 crores in the bank and holds bond/debentures worth Rs. 6.76 crores.