Tag: sharesansar

  • Rawa Energy Development Limited Launches IPO Offering of 643,667 Shares to Raise Rs. 6.43 Crore

    Rawa Energy Development Limited Launches IPO Offering of 643,667 Shares to Raise Rs. 6.43 Crore


    Rawa Energy Development Limited has announced the opening of its initial public offering (IPO) of 643,667 unit shares with a face value of Rs. 100 per share. The IPO subscription period begins on 18th Jestha, 2080 and ends on 22nd Jestha. In the event of undersubscription, the closing date may be extended until 32nd Jestha, 2080.

    Previously, the company had issued 280,000 unit shares worth Rs. 2.8 crores to project-affected locals in Khotang District. However, only 87,370 units were allotted to valid applicants, leaving 192,330 units unsubscribed. These remaining shares, along with 560,000 units (20% of the issued capital) reserved for the general public, make up a total of 752,330 units available for the general public.

    Out of the total 752,330 units, 56,000 units have already been issued and allotted to Nepalese citizens working abroad, while 37,616 units have been set aside for mutual funds, and 15,047 units have been reserved for the company’s employees. The remaining 643,667 units are offered to the general public.

    The company aims to raise Rs. 6.43 crore through this IPO. Prabhu Capital Limited has been appointed as the issue manager for the IPO, and interested applicants can apply for a minimum of 10 units and a maximum of 10,000 units.

    CARE Ratings Nepal Limited (CRNL) has assigned an issuer rating of ‘CARE-NP BB (Is)’ to Rawa Energy Development Limited. This rating suggests a moderate risk of default in terms of timely financial obligations in Nepal.

    Rawa Energy Development Ltd, initially incorporated as a private limited company on August 16, 2009, later converted to a public limited company on June 28, 2019. The company is promoted by experienced individuals in the hydropower and other sectors, with a focus on developing hydroelectric projects in Nepal. The company’s flagship project is the 3 MW Upper Rawa Khola Small Hydropower Project (URKHP) in Khotang District, which has been in commercial operation since September 20, 2020. The project follows the BOOT (Build, Own, Operate, and Transfer) mechanism.

  • Gold Surges to New All-Time High in Nepalese Market, Gaining Rs. 500 per Tola

    Gold Surges to New All-Time High in Nepalese Market, Gaining Rs. 500 per Tola


    The price of gold in the local market has reached a new all-time high, increasing by Rs. 500 per tola. According to the Federation of Nepal Gold and Silver Dealers’ Association’s official website, fine gold is currently being traded at Rs. 112,500 per tola, while Tejabi gold is being traded at Rs. 111,950 per tola. Yesterday, the rates were maintained at Rs. 112,000 and Rs. 111,450 per tola, respectively.

    Just the day before, gold prices had already reached an all-time high in Nepal, with fine gold priced at Rs. 112,000 per tola and Tejabi gold priced at Rs. 111,450 per tola. The continuous rise in gold prices has prompted discussions on the reasons behind the significant increase of Rs. 3,900 per tola in just two days in Nepal.

    In addition to gold, the price of silver has also experienced an increase of Rs. 15 per tola. Currently, silver is being traded at Rs. 1,410 per tola in the local market, compared to the previous day’s closing rate of Rs. 1,395 per tola.

  • NEPSE Index Gains 16.54 Points, Closes at 1,866.34 with 0.89% Increase; All Sector Indices Close Green

    NEPSE Index Gains 16.54 Points, Closes at 1,866.34 with 0.89% Increase; All Sector Indices Close Green


    The NEPSE index experienced a positive day, closing at 1,866.34, with a gain of 16.54 points compared to the previous trading day. This indicates a 0.89% increase. However, the index had faced a decline of 38.83 points in the previous session.

    The trading day began with an opening value of 1,850.79 for the index, and it reached its lowest point at 1,837.24 during intraday trading. On the other hand, it reached a peak of 1,877.00 before settling at 1,866.34 at the end of the day.

    A total of 272 scrips were traded through 29,922 transactions. The trading volume amounted to 6,128,621 shares, resulting in a turnover of Rs. 1.65 Arba. It is important to note that this turnover was lower than the previous trading day’s turnover of Rs. 2.31 Arba.

    Among the various stocks traded, Prabhu Bank Limited Promoter Share (PRVUPO) had the highest turnover of Rs. 23.21 crores, with a closing market price of Rs. 102 per share.

    Joshi Hydropower Development Company Ltd (JOSHI) showed the highest increase for the day, with a gain of 6.94%. Conversely, Sunrise Focused Equity Fund (SFEF) experienced the highest decline, losing 6% during the trading day.

    All sector indices concluded the day on a positive note, with the “Non-Life Insurance” sector experiencing the highest gain of 1.93%. The “Mutual Fund” sector had the smallest gain of 0.06% on the day.

  • IGI Prudential Insurance Limited Lists 30,293,347 Shares on NEPSE

    IGI Prudential Insurance Limited Lists 30,293,347 Shares on NEPSE


    Based on the information provided, it appears that after the merger between IME General Insurance Limited (IGI) and Prudential Insurance Company Limited (PICL), a new entity called IGI Prudential Insurance Limited was formed. The merger agreement was signed on Magh 27, 2079, and the swap ratio was 1:1.

    Prior to the merger, IGI had a total of 18,037,506 listed shares, while PICL had 12,255,843 listed shares. After the merger, the total number of shares listed on NEPSE for IGI Prudential Insurance Limited is 30,293,347 shares (18,037,506 + 12,255,843).

    On Baisakh 27, 2080, IGI Prudential Insurance Limited commenced joint transactions with an open price range set at Rs. 370.82 for the first transactions.