Tag: the

  • 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.

  • Three Star Hydropower Limited Announces IPO Offering to the General Public, Seeking Rs 6.13 Crore

    Three Star Hydropower Limited Announces IPO Offering to the General Public, Seeking Rs 6.13 Crore


    Three Star Hydropower Limited has recently released an offer letter announcing its Initial Public Offering (IPO) to the general public. The company plans to issue 613,162 unit shares with a face value of Rs 100 each, starting from the 5th of Ashad, 2080. The objective is to raise Rs 6.13 crore through this IPO. The early closing date for the issue is set for the 8th of Ashad, with a possibility of extension until the 19th of Ashad, 2080 if the issue is not fully subscribed.

    Among the total 738,750 units, 10% (73,875 units) have already been issued and allocated to Nepalese citizens working abroad, 5% (36,938 units) have been reserved for mutual funds, and 2% (14,775 units) have been set aside for the employees of the company. The remaining 613,162 units are available for the general public. Following the IPO issuance, the paid-up capital of Three Star Hydropower Limited will reach Rs. 49.25 Crores.

    Previously, the company had issued 492,500 unit shares worth Rs. 4.92 crores to project-affected locals of Khotang District and 73,875 unit shares to Nepalese citizens working abroad. Overall, promoter shareholders hold 75% of the company’s shares.

    Himalayan Capital Limited has been appointed as the issue manager for the IPO issuance. Interested individuals can submit applications for a minimum of 10 units and a maximum of 50,000 units.

    ICRA Nepal has assigned an issuer rating of [ICRANP-IR] B- (pronounced ICRA NP issuer rating B minus) to Three Star Hydropower Limited. This rating suggests a high risk of default regarding the timely servicing of financial obligations for issuers in this category.

  • NEPSE Index Plunges with Significant Losses, All Sector Indices Close in the Red

    NEPSE Index Plunges with Significant Losses, All Sector Indices Close in the Red


    Mithila Laghubitta Bittiya Sanstha Limited (MLBBL) recently listed 2,55,655.77 unit bonus shares on the Nepal Stock Exchange (NEPSE). The company held its 14th Annual General Meeting (AGM) on the 17th of Falgun, during which it approved a dividend of 15.789% for the fiscal year 2078/79.

    In addition to the dividend, the board of directors, in its 231st meeting on Poush 28, decided to distribute 15% bonus shares valued at Rs. 2.55 crores and a cash dividend of 0.789473681%, amounting to Rs. 13.45 lakhs. These dividends were distributed from MLBBL’s paid-up capital of Rs. 17.04 crores. Now, these bonus shares have been officially listed on NEPSE.

    As of the time of writing, the Last Traded Price (LTP) of MLBBL’s shares on NEPSE stands at Rs. 750.

  • Summit Laghubitta Bittiya Sanstha AGM Announced: Dividend Endorsement, Merger Proposal, and FPO Agenda on the Table

    Summit Laghubitta Bittiya Sanstha AGM Announced: Dividend Endorsement, Merger Proposal, and FPO Agenda on the Table


    Summit Laghubitta Bittiya Sanstha Limited (SMFDB) has announced the date for its 14th Annual General Meeting (AGM) on 30th Jestha, 2080. The meeting is scheduled to take place at Arniko Party Palace in Banepa, commencing at 10:30 AM.

    One of the key agendas of the AGM is the endorsement of a 14.276582% dividend for the fiscal year 2078/79. During the 33rd board of directors meeting held on Falgun 15, it was decided to distribute this dividend on the paid-up capital of Rs. 49.40 crores. The proposed dividend includes a bonus dividend of 13.562753%, amounting to Rs. 6.70 crores, and a cash dividend of 0.713829%, equivalent to Rs. 35.26 lakhs (for tax purposes).

    Additionally, the AGM will discuss and vote on resolutions related to the Due Diligence Audit and Memorandum of Understanding for the proposed merger between Summit Laghubitta and National Microfinance Laghubitta Bittiya Sanstha Limited (NMFBS). The share swap ratio for the merger has been set at 100:82, meaning that for every 100 units of Summit’s shares, shareholders will receive 82-unit shares of National Microfinance.

    Furthermore, the meeting will address the issuance of Further Public Offerings (FPO) to the general public, aiming to increase the company’s public shareholding ratio by 30%. Currently, the promoter to public shareholding ratio of the company stands at 80.63:19.37. There is also an agenda to raise the authorized capital to Rs. 70 crores.

    It is important to note that the book closure date has been set on Jestha 18. Shareholders who hold shares before this date will be eligible for the dividend payout and are welcome to attend the AGM. These discussions and resolutions signify the company’s efforts to enhance shareholder value and explore opportunities for growth and expansion.

  • Salt Trading Corporation Limited (STC) Reports Nearly Doubled Net Profit in Third-Quarter Results

    Salt Trading Corporation Limited (STC) Reports Nearly Doubled Net Profit in Third-Quarter Results


    Swabhimaan Laghubitta Bittiya Sanstha Limited (SMFBS) has recently distributed 20% bonus shares directly to the DEMAT accounts of its shareholders. The company encouraged its shareholders to dematerialize their shares in order to receive the bonus shares smoothly.

    During the 6th Annual General Meeting held on the 11th of Chaitra, the shareholders of SMFBS approved a dividend of 21.0526% amounting to Rs. 2.56 Crores for the fiscal year 2078/79. In a subsequent board of directors meeting on Magh 11, it was decided to distribute the dividend on the paid-up capital of Rs. 12.17 Crores. The proposed distribution plan included 20% bonus shares and 1.0526% cash dividend (for tax purposes).

    Following these decisions, the bonus shares have now been deposited directly to the DEMAT accounts of the shareholders. This simplifies the process for shareholders to receive and manage their bonus shares electronically, without the need for physical share certificates.

    By distributing the bonus shares to DEMAT accounts, SMFBS aims to facilitate a more efficient and secure method of shareholding for its investors. It encourages shareholders to embrace the dematerialization process and enjoy the benefits of holding their shares in electronic form.

    Overall, the distribution of 20% bonus shares to the DEMAT accounts of shareholders reflects SMFBS’s commitment to rewarding its investors and promoting the modernization of shareholding practices. It provides shareholders with the opportunity to conveniently manage their bonus shares and participate in the company’s growth and future prospects.

  • Gold Price in Nepal Declines by Rs. 300 per Tola on Thursday

    Gold Price in Nepal Declines by Rs. 300 per Tola on Thursday


    On Thursday, the price of gold experienced a decrease of Rs. 300, according to the Federation of Nepal Gold and Silver Dealers’ Association. Fine gold is currently being traded at Rs. 1,09,700, marking a decrease from its previous price.

    Similarly, tejabi gold is now priced at Rs. 1,09,200 per tola on Thursday, down from Rs. 1,09,500 per tola on Wednesday.

    In contrast, the price of silver has remained unchanged at Rs. 1,370 per tola for both Wednesday and Thursday.

    Comparing Tuesday’s prices, the price of gold has seen a decline of Rs. 1400 per tola. The drop was particularly significant on Wednesday when the price plummeted by Rs. 1100 per tola.

    Overall, the price of gold, represented by the yellow bullion, has experienced a downward trend with a decrease of Rs. 300 on Thursday. This follows a recent decline in prices, reflecting fluctuations in the precious metals market.

  • NEPSE Index Gains 1.28% as SHIVAM CEMENTS LTD Tops Trading, Aatmanirbhar Laghubitta Bittiya Sanstha Limited Hits Positive Circuit

    NEPSE Index Gains 1.28% as SHIVAM CEMENTS LTD Tops Trading, Aatmanirbhar Laghubitta Bittiya Sanstha Limited Hits Positive Circuit


    The NEPSE (Nepal Stock Exchange) index concluded today’s trading session at 1,845.01, showing a gain of 23.39 points compared to the previous closing, representing a 1.28% increase. The index had also experienced a gain of 3.29 points in the preceding trading session.

    Starting the day at 1,821.54, the index reached an intraday low of 1,821.02 but surged to a high of 1,846.72 before settling at 1,845.01 at the closing bell.

    During the trading day, a total of 266 stocks were traded through 25,634 transactions. The trading volume amounted to 2,577,210 shares, with a turnover of Rs. 85.76 Crores. This marked an increase in turnover compared to the previous trading day’s turnover of Rs. 64.01 Crores.

    Among the traded stocks, SHIVAM CEMENTS LTD (SHIVM) recorded the highest turnover of Rs. 5.46 crores, closing at a market price of Rs. 403.50 per share.

    Aatmanirbhar Laghubitta Bittiya Sanstha Limited (ANLB) experienced the highest gain of 9.99% and reached the positive circuit for the day.

    In contrast, Mai Khola Hydropower Limited (MKHL) suffered the highest decline of 7.93% during today’s trading.

    All sector indices concluded the day in positive territory, with the “Others” sector witnessing the highest gain of 2.37%, while the “Mutual Fund” sector registered the smallest gain of 0.04%.

  • Gold Prices in Nepal Witness Decline, with Fine Gold and Tejabi Gold Experiencing Decreases of Rs. 1100 and Rs. 1050 per Tola respectively

    Gold Prices in Nepal Witness Decline, with Fine Gold and Tejabi Gold Experiencing Decreases of Rs. 1100 and Rs. 1050 per Tola respectively


    Today, the price of fine gold in Nepal has experienced a decline of Rs. 1100 per tola, while tejabi gold has fallen by Rs. 1050 from yesterday’s price. According to the Federation of Nepal Gold and Silver Dealers’ Association’s official website, fine gold is currently being traded at Rs. 110,000 per tola, compared to yesterday’s rate of Rs. 111,100 per tola. Tejabi gold, on the other hand, is being traded at Rs. 109,500 today, in contrast to yesterday’s rate of Rs. 110,550 per tola.

    Additionally, silver has also witnessed a decrease in price, with a drop of Rs. 5 per tola. The current trading rate for silver in the local market is Rs. 1,370 per tola, compared to yesterday’s closing rate of Rs. 1,365 per tola.

    In the international market, the current price of gold stands at $1,989.70 per ounce, while silver is trading at $23.75 per ounce.

  • NEPSE Lists Bonus Shares of Nepal Bank Limited (NBL) and Forward Microfinance Laghubitta Bittiya Sanstha Limited (FOWAD)

    NEPSE Lists Bonus Shares of Nepal Bank Limited (NBL) and Forward Microfinance Laghubitta Bittiya Sanstha Limited (FOWAD)


    NEPSE has recently listed 28,81,180.9663 unit bonus shares of Nepal Bank Limited (NBL). This follows the bank’s 63rd Annual General Meeting held on Poush 29, where a 12% dividend was approved for the fiscal year 2078/79. During a board of directors meeting on Poush 01, it was decided to distribute the dividend on the paid-up capital of Rs. 14.40 Arba, which included 2% bonus shares worth Rs. 28.81 Crore and 10% cash dividend (including bonus shares tax purposes) worth Rs. 1.44 Arba. These bonus shares are now listed in NEPSE, and the closing price of NBL shares stands at Rs. 245.

    Similarly, Forward Microfinance Laghubitta Bittiya Sanstha Limited (FOWAD) has also listed 21,11,127.469 unit bonus shares in NEPSE. The company held its 10th Annual General Meeting for the fiscal year 2078/79 on Poush 30, 2079, where a 30% dividend was endorsed. During a board of directors meeting on Poush 04, it was decided to distribute the dividend on the paid-up capital of Rs. 84.44 Crores, which included a 5% cash dividend (including tax) worth Rs. 4.22 Crores and a 25% bonus dividend worth Rs. 21.11 Crores. These bonus shares are now listed in NEPSE, and FOWAD shares closed at Rs. 1,104 on the previous trading day.

  • rabhu Life Insurance Limited Revises Dividend Proposal for FY 2077/78 in Response to Regulatory Requirement

    rabhu Life Insurance Limited Revises Dividend Proposal for FY 2077/78 in Response to Regulatory Requirement


    Prabhu Life Insurance Limited (PLI) has made changes to its dividend proposal for the fiscal year 2077/78. Initially, they had planned to distribute a dividend of 10.526%, consisting of 10% bonus shares and 0.526% cash dividend from their paid-up capital of Rs. 2 Arba. However, the Nepal Insurance Authority required the company to revise its proposal, leading to a new plan. The revised proposal includes the distribution of 9.8% bonus shares worth Rs. 19.60 crores and 0.5158% cash dividend worth Rs. 1.03 crores on the paid-up capital of Rs. 2 Arba. Currently, the company’s closing price is Rs. 401.10.

  • NMB Laghubitta Bittiya Sanstha Limited Reports Significant Decline in Net Profit for Q3 FY 2079/80

    NMB Laghubitta Bittiya Sanstha Limited Reports Significant Decline in Net Profit for Q3 FY 2079/80


    NMB Laghubitta Bittiya Sanstha Limited (NMBMF) has released its third-quarter report for the fiscal year 2079/80, revealing a significant decline in net profit. The company’s net profit stood at Rs. 1.15 crores, representing a decrease of 89.80% compared to the same quarter of the previous fiscal year.

    Personnel expenses reported by the company for the first three quarters of the current fiscal year witnessed a slight increase of 5%, totaling Rs. 17.14 crores. Meanwhile, the operating profit experienced a substantial decline of 90% and reached Rs. 1.61 crores during the same period. The net interest income, which represents the core revenue of the microfinance institution, also decreased to Rs. 25.96 crores, reflecting a decline of 25.85% compared to the corresponding quarter of FY 078/79.

    However, concerning financial performance, NMBMF faced challenges as the non-performing loan (NPL) ratio more than doubled, reaching 8.97%. This increase indicates a higher proportion of loans in default or showing signs of financial distress.

    In terms of earnings per share (EPS), the company reported a slump to Rs. 2.34, while the net worth per share stood at Rs. 164.73 for NMBMF.

    At the end of the third quarter of the current fiscal year, the quarter-end price of NMBMF’s shares was Rs. 525.

  • NIC Asia Bank Limited Initiates Auction of 345,680 Promoter Shares to General Public

    NIC Asia Bank Limited Initiates Auction of 345,680 Promoter Shares to General Public


    Promoters of NIC Asia Bank Limited (NICA) have initiated an auction to sell 345,680 units of their promoter shares to the general public. The auction period will run from the 2nd of Jestha to the 9th of Jestha, 2080.

    The auction is open to individual investors, companies, and institutions, with a minimum bid rate of Rs. 365. Interested bidders must submit a minimum bid quantity of 1000 units for the promoter shares. While bidders can bid for the entire issue, they must comply with the regulations set by the Nepal Rastra Bank, which restrict the quantity of shares per entity.

    NIBL Ace Capital Limited has been appointed as the auction manager for this process. Bids will be opened at the premises of the auction manager on the 10th of Jestha, 2080, at 3 PM.

    As of the time of writing, the Last Traded Price (LTP) of NICA stands at Rs. 694.60.