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  • Sarbottam Cement to Issue 27,76,076 Unit IPO Shares to Public from 13th Falgun

    Sarbottam Cement to Issue 27,76,076 Unit IPO Shares to Public from 13th Falgun


    Sarbottam Cement Limited is starting its IPO of 27,76,076 shares from 13th Falgun, 2080. The closing date is on the 16th Falgun, with a possible extension to the 27th Falgun if it’s not fully subscribed. Initially, 2,67,000 shares were issued to Nepalese citizens working abroad, and 9,30,000 shares were allocated to locals affected by industry or mine excavation. Only 2,48,470 of these shares were taken up. Consequently, the remaining 4,87,910 shares from the project-affected locals are combined with 6,81,530 shares, totaling 30,84,530 units available for the general public.

     

  • Deprosc Laghubitta Proposes 10.52632% Dividend; Bonus Shares and Cash Distribution Breakdown

    Deprosc Laghubitta Proposes 10.52632% Dividend; Bonus Shares and Cash Distribution Breakdown


     

    Deprosc Laghubitta Bittiya Sanstha Limited (DDBL) has proposed a dividend of 10.52632% for the fiscal year 2079/80. In a meeting held on Falgun 3, the 344th board of directors decided to distribute this dividend based on the paid-up capital of Rs. 1.55 Arba. The proposal includes 10% bonus shares and 0.52632% cash dividend for tax purposes. The value of the bonus shares is estimated at Rs. 15.51 crores, and the cash dividend amounts to Rs. 81.63 lakhs. However, the dividend distribution is subject to approval by the central bank and endorsement at the company’s upcoming AGM.

     

  • SEBON Adds IPO Shares of Him River Power Ltd. and Pure Energy Ltd. to Pipeline

    SEBON Adds IPO Shares of Him River Power Ltd. and Pure Energy Ltd. to Pipeline


    Him River Power Ltd. has applied to SEBON for an IPO to issue 1,330,000 shares, aiming to raise Rs. 13.30 crores. The application was submitted on Magh 28, 2080. Siddhartha Capital Limited will manage the offering. CARE Ratings Nepal Limited has given HRPL an issuer rating of ‘CARE-NP BB (Is),’ indicating a moderate risk of default on financial obligations in Nepal.

     

  • Singati Hydro Energy Announces 1:1 Right Share Issue

    Singati Hydro Energy Announces 1:1 Right Share Issue


    Singati Hydro Energy Limited (SHEL) has commenced issuing a 1:1 ratio of right shares to its shareholders at a par value of Rs. 100 per share from today, the 2nd of Falgun, until the 22nd of Falgun, 2080. The hydropower company plans to distribute 100% right shares valued at Rs. 1.45 Arba, consisting of 14,500,000 (1:1) units, to its existing shareholders. Currently, SHEL’s paid-up capital stands at Rs. 1.45 Arba. Upon the adjustment of the proposed right shares, totaling 1.45 crore units, the company’s paid-up capital will double to Rs. 2.90 Arba.

     

  • Siddhartha Premier Insurance’s 30th AGM: Dividend and Election Key Agendas

    Siddhartha Premier Insurance’s 30th AGM: Dividend and Election Key Agendas


    Siddhartha Premier Insurance Limited (SPIL) has scheduled its 30th Annual General Meeting (AGM) for the 30th of Falgun, 2080. The AGM will take place at Lisara Receptions, Bhagwati Bahal, Kathmandu, starting at 11:00 a.m. On the agenda is the endorsement of an 11% cash dividend for the fiscal year 2079/80, totaling Rs. 30.87 crores, as decided in the 19th Board of Directors meeting held on Magh 21. SPIL’s current paid-up capital is Rs. 2.80 Arba.

    Additionally, the AGM will review and approve the auditor’s report along with the profit and loss statements, financial reports, and cash flow reports. An auditor will also be appointed for the fiscal year 2080/81. Furthermore, there will be elections to select six directors, including four from the promoter shareholder group and two from the public shareholder group.

     

  • Garima Capital’s Rs 1 Arba Mutual Fund Added to SEBON Pipeline

    Garima Capital’s Rs 1 Arba Mutual Fund Added to SEBON Pipeline


     

    The Securities Exchange Board of Nepal (SEBON) has recently included “Garima Samriddhi Yojana” in its latest list of mutual fund schemes under preliminary review. This scheme, proposed by Garima Capital, is a closed-end mutual fund with a fund size of Rs. 1 Arba, divided into 10 Crore units, each valued at Rs. 10. The application for approval was submitted to SEBON on Magh 28. Garima Bikas Bank Limited (GBBL) serves as the Fund Sponsor for this scheme.

     

  • Sarbottam Cement IPO Allots Shares to Locals; 73.28% Remain Unsubscribed

    Sarbottam Cement IPO Allots Shares to Locals; 73.28% Remain Unsubscribed


    Sarbottam Cement Limited has successfully completed the allocation of IPO shares intended for locals affected by industry in Nawalparasi District and mine excavation in Palpa District. The allocation was finalized today, on the 2nd of Falgun, 2080, at Global IME Capital’s office in Kathmandu, serving as the issue manager.

    The company offered a total of 9,30,000 units of IPO shares through a book-building process, priced at Rs. 360.90 per unit for the specified group of locals. The subscription period for this IPO took place from the 25th of Poush to the 25th of Magh, 2080. During this period, interested applicants were eligible to apply for a minimum of 50 units and a maximum of 10,000 units.

     

  • Gold Falls Rs. 1,200, Silver Drops Rs. 30 in Single Day

    Gold Falls Rs. 1,200, Silver Drops Rs. 30 in Single Day


    The price of fine gold in Nepal has dropped by Rs. 1,200 per tola according to the latest update from the Federation of Nepal Gold and Silver Dealers’ Association (FENEGOSIDA). Today’s trading rate for fine gold stands at Rs. 1,16,500 per tola, down from yesterday’s closing rate of Rs. 1,17,700 per tola. Similarly, Tejabi gold is now priced at Rs. 1,15,950 per tola, showing a decrease of Rs. 1,200 compared to yesterday’s closing price of Rs. 1,17,150 per tola.

     

  • Promoter Shares Auction: MBL, KBL, and NMFBS Starting Today

    Promoter Shares Auction: MBL, KBL, and NMFBS Starting Today


     

    The current promoter of Machhapuchchhre Bank Limited (MBL) plans to auction 10,56,917 units of shares to fellow existing promoter shareholders starting today. Ganesh Bahadur Shrestha is looking to sell this portion of promoter shares within the next 35 days from the publication date of the notice, which is until the 1st of Falgun. Interested individuals are invited to participate in the auction by submitting their bids within the specified timeframe.

  • NEPSE Faces 30.56 Points Drop Post Monetary Policy Release

    NEPSE Faces 30.56 Points Drop Post Monetary Policy Release


     

    The Nepal Stock Exchange (NEPSE) Index experienced a loss of 30.56 points, equivalent to 1.45%, closing at 2,070.59 points, following a previous day’s gain of 15.33 points. The market opened at 2,101.56, hitting a low of 2,064.84 and reaching a high of 2,101.55 during the day.

    In today’s trading, 305 different stocks were traded in 82,899 transactions, with a total volume of 12,165,202 shares and a turnover of Rs. 4.66 Arba. The market capitalization was Rs. 32.54 Kharba, and the float market capitalization was Rs. 11.16 Kharba.

     

  • Himalayan Re-Insurance’s Net Profit Surges 99.73% on 154.65% Rise in Net Premiums; EPS Reaches Rs. 12.05

    Himalayan Re-Insurance’s Net Profit Surges 99.73% on 154.65% Rise in Net Premiums; EPS Reaches Rs. 12.05


    In the second quarter of the fiscal year 2080/81, HRL experienced a remarkable 154.65% rise in net premiums, reaching Rs. 1.99 Arba compared to the previous year. The company also demonstrated strong financial management by generating Rs. 47.32 Crores from investment income and other financial activities.

    However, during the same period, there was a 50.90% increase in net claims, totaling Rs. 73.15 Crores.

    Key financial indicators reflect HRL’s strong performance, with an annualized EPS of Rs. 12.05, net worth per share at Rs. 147.31, and a P/E ratio of 41.30 times, indicating the company’s resilience and promising financial outlook.

     

  • Garima Bikas Bank’s 9.50% Bonus Shares Listed on NEPSE

    Garima Bikas Bank’s 9.50% Bonus Shares Listed on NEPSE


     

    NEPSE has listed 49,28,302.71 unit bonus shares of Garima Bikas Bank Limited (GBBL). During the company’s 22nd AGM held on Poush 29, 2080, it approved a 10% dividend for the fiscal year 2079/80. The endorsed dividend includes 9.50% bonus shares valued at Rs. 49.28 crores and a 0.50% cash dividend (for tax purposes) totaling Rs. 2.59 Crores. These dividends were proposed from the bank’s paid-up capital of Rs. 5.18 Arba.