Tag: Today

  • RIDI Initiates Auction of Unclaimed Right Shares: Opportunity for Public Participation

    RIDI Initiates Auction of Unclaimed Right Shares: Opportunity for Public Participation


    Ridi Power Company Limited (RIDI) has initiated the auction of the unclaimed portion of its right shares starting from the 29th of Chaitra, 2080, with the auction set to conclude on the 9th of Baisakh, 2081. The company aims to sell 11,35,657 units of ordinary right shares, representing the unclaimed segment from its recent rights offering.

    During the rights offering period, which ran from the 18th of Falgun to the 8th of Chaitra, 2080, RIDI issued shares at a ratio of 1:0.50 to its existing shareholders. However, out of the total right shares issued, only 66,08,849 units (85.34%) were allotted to eligible shareholders, indicating that 14.66% of the shares remained unclaimed.

    Therefore, the company has decided to make these unsold right shares available to the general public starting from today. Individuals and institutions alike have the opportunity to participate in the auction and bid for these shares.

    Muktinath Capital Limited has been appointed as the issue manager for this right share auction. The minimum bid rate for the auction is set at Rs. 100, with a minimum bid quantity of 100 units. While bidders have the option to bid for the entire issue, they must adhere to the regulatory board’s guidelines to ensure that the specified quantity of shares per entity is not exceeded.

  • Nepal Investment Mega Bank Initiates Auction of Promoter Shares: Exclusive Opportunity for Existing Shareholders

    Nepal Investment Mega Bank Initiates Auction of Promoter Shares: Exclusive Opportunity for Existing Shareholders


    The current promoter of Nepal Investment Mega Bank Limited (NIMB) has initiated the auction of 2,55,741 units of shares, exclusively targeting existing promoter shareholders, starting from today, the 30th of Falgun, 2080.

    In this auction process, only the existing promoters of NIMB are eligible to participate in the bidding, and they have a window of 35 days from the date of the notice publication, concluding on the 30th of Falgun, to submit their bids.

    All interested shareholders are required to submit their bids at the central office of the bank, conveniently located in Lazimpat, Kathmandu. It’s noteworthy that if no bids are received from existing founder shareholders within the specified timeframe, the shares will subsequently be made available for auction to the general public.

    As of the latest update, NIMB is listed with a Last Traded Price (LTP) of Rs. 172.90. Simultaneously, NIMBPO, another class of shares associated with the bank, closed at Rs. 140.10. These market values provide insight into the current financial standing and investor sentiment surrounding Nepal Investment Mega Bank Limited and its associated securities.

  • 3,25,000 Promoter Shares of Miteri Development Bank In Auction From Today

    3,25,000 Promoter Shares of Miteri Development Bank In Auction From Today


    Miteri Development Bank Limited (MDB) is currently undergoing a significant development as its existing promoter, Sunil Shrestha, has initiated the auction of 3,25,000 units of shares exclusively to existing promoter shareholders starting from today, the 29th of Falgun, 2080.

    In this offering, Sunil Shrestha aims to sell the specified number of promoter shares to the existing promoter shareholders, and only individuals falling under this category are eligible to participate in the bidding process. The auction window extends for a period of 35 days from the date of the notice publication, concluding on the 29th of Falgun.

    Interested shareholders are required to submit their bids either at the central office of Miteri Development Bank Limited, situated at Mahendrapath, Dharan, or at Prabhu Capital Limited, located in Kamaladi, Kathmandu. It’s important to note that if no bids are received from existing founder shareholders within the stipulated timeframe, the shares will subsequently be made available for auction to the general public.

    As of the current update, MDB is listed with a Last Traded Price (LTP) of Rs. 397.10. Simultaneously, MDBPO, another class of shares associated with the bank, has an LTP of Rs. 217.00. These market values provide a snapshot of the current financial standing and investor sentiment surrounding Miteri Development Bank Limited and its associated securities.

  • Gold Prices Soar to Record Highs in Nepal on March 5, 2024

    Gold Prices Soar to Record Highs in Nepal on March 5, 2024


    The gold market in Nepal saw an extraordinary surge, reaching an unprecedented all-time high on March 5, 2024. According to the Federation of Nepal Gold and Silver Dealers’ Association, fine gold recorded a remarkable single-day increase of Rs. 2,000, soaring to an extraordinary rate of Rs. 1,23,000 per tola. This surge surpassed the previous record set on December 28, 2023, when fine gold had reached Rs. 1,22,000 per tola.

    Tejabi gold, another highly coveted variety, also witnessed a noteworthy rise, currently valued at Rs. 1,22,400 per tola, up from its previous rate of Rs. 1,20,400.

    In a parallel trend, the price of silver also experienced an increase on the same day, with a gain of 35 rupees, bringing the current silver price to Rs. 1,445 per tola. In comparison, the silver price on the previous Monday was recorded at Rs. 1,410 per tola.

    While the domestic market witnessed an upswing in prices, it’s noteworthy that the international market also plays a significant role. As of the latest update, the current gold rate stands at $2,114.80 per ounce. Internationally, silver is also experiencing positive momentum, with prices reaching $23.67 per ounce.

  • How much was your daily increase today?

    How much was your daily increase today?


    Kati badhyo ta portfolio guys? Mero ta 7% le badhyo aja.

    View on r/NepalStock by PhoenixRising656

  • Auction Alerts: CORBL, ILBS, and UAIL Promoter Shares Up for Bidding

    Auction Alerts: CORBL, ILBS, and UAIL Promoter Shares Up for Bidding


    Corporate Development Bank Limited (CORBL) is set to auction 3,08,500 shares to existing promoter shareholders, beginning today. The interested parties are invited to submit their bids within 35 days from the publication date of this notice, i.e., by the 20th of Falgun, 2080. Bids should be submitted at the company’s central office located in Birgunj, Parsa. CORBL closed at Rs. 410.00 on the last trading day.

    In another auction notice, the existing promoters of Infinity Laghubitta Bittiya Sanstha Limited (ILBS) are offering 15,000 units of shares for auction, open to both existing promoter shareholders and the general public/institutions, starting from today. Interested individuals and promoter shareholders can bid for these shares within 15 days at the company’s central office in Gaidakot, Nawalparasi.

    Furthermore, ILBS promoters are also auctioning 60,050 units of shares exclusively for existing promoter shareholders, starting from today. If no bids are received within the stipulated 35-day timeframe, the shares will be open for auction to the general public. ILBS has a last traded price (LTP) of Rs. 675.00, while ILBSP has an LTP of Rs. 361.00.

    Similarly, the existing promoter of United Ajod Insurance Limited (UAIL), Sushila Goyal, is auctioning 52,593 units of shares to interested existing promoter shareholders, starting from today. Eligible shareholders are requested to submit their bids within 35 days from the publication date of this notice, i.e., by the 20th of Falgun, 2080, at the corporate office located at CTC Mall, Sundhara, Kathmandu. If no bids are received within the specified timeframe, the shares will be later auctioned to the general public. UAIL closed at Rs. 515.20.

    These auctions present opportunities for existing promoters to acquire shares within their respective institutions and contribute to the dynamic nature of the stock market

  • Gold Prices Surge by Rs. 600 per Tola, Trading at Rs. 1,19,000

    Gold Prices Surge by Rs. 600 per Tola, Trading at Rs. 1,19,000


    The price of gold has seen a significant rise, increasing by Rs. 560 per tola compared to the previous day’s trading. As reported by the Federation of Nepal Gold and Silver Dealers’ Association (FENEGOSIDA), fine gold is currently being traded at Rs. 1,19,000 per tola, marking a Rs. 600 increment from yesterday’s trading price of Rs. 1,18,400 per tola.

    Similarly, Tejabi gold is available today at Rs. 1,18,450 per tola, reflecting a notable increase of Rs. 600 from its previous price of Rs. 1,17,850 per tola. Additionally, the silver market has observed a slight uptick, with the current rate standing at Rs. 1,390 per tola, as opposed to the closing rate of Rs. 1,405 per tola recorded the day before.

    This surge in gold prices indicates dynamic market conditions, influenced by various factors impacting precious metal values.

  • Kumari Bank Limited and Suryodaya Womi Laghubitta Bittiya Sanstha Limited Initiate Promoter Share Auctions

    Kumari Bank Limited and Suryodaya Womi Laghubitta Bittiya Sanstha Limited Initiate Promoter Share Auctions


    The current promoter of Kumari Bank Limited (KBL) has initiated the auction of 6,41,284 units of shares exclusively to interested promoter shareholders, starting from today. Only eligible shareholders are invited to participate in the auction, with bids accepted within 35 days from the date of this notice, concluding on the 18th of Falgun. Bidders are instructed to submit their bids either at the bank’s central office in Tangal, Kathmandu, or at Kumari Capital Limited in Naxal, Nagpokhari, Kathmandu. In the event of no bids from existing founder shareholders within the specified timeframe, the shares will subsequently be open for auction to the general public. KBL closed at Rs. 140.60 on the last trading day, while KBLPO recorded a Last Traded Price (LTP) of Rs. 106.00 as of February 21, 2024.

    Similarly, an auction notice has been issued by the existing promoter of Suryodaya Womi Laghubitta Bittiya Sanstha Limited (SWMF) for the sale of 6,206 units of shares to interested promoter shareholders. Indra Bahadur Godar, the existing promoter, invites bids within 35 days from the publication date of this notice, until the 18th of Falgun, 2080. Shareholders willing to participate should submit their bids either at the institution’s corporate office in Mahalaxmi-04, Lalitpur, or at Kumari Capital Limited in Naxal, Nagpokhari, Kathmandu. If no bids are received from existing founder shareholders within the stipulated timeframe, the shares will then be auctioned to the general public. SWMF closed at Rs. 658.20 in the previous trading session, and SWMFPO reported an LTP of Rs. 196.00 as of February 8, 2024

  • NIC Asia Bank Auctions 5,13,325 Unit Promoter Shares Today

    NIC Asia Bank Auctions 5,13,325 Unit Promoter Shares Today


     

    The current promoters of NIC Asia Bank Limited (NICA) are putting up 5,13,325 units of promoter shares for auction starting today, the 16th Falgun until the 27th Falgun, 2080. Interested parties who qualify as promoter shareholders or individuals/companies/institutions can participate in the auction, with a minimum bid rate set at Rs. 208 per unit. Each bid must be for a minimum quantity of 1000 units.

    NIMB Ace Capital is overseeing the auction process. Bidding will commence at the auction manager’s premises on the 29th Falgun, 2080, starting at 3 PM.

     

  • Sarbottam Cement IPO Opens Today: Company Performance Analysis

    Sarbottam Cement IPO Opens Today: Company Performance Analysis


    Sarbottam Cement, launched in 2010 as a key product of Saurabh Group, started its operations in February 2014. Based in Neupane Tower, Tinkune, Kathmandu, its factory is situated about 240 km away in Sunwal, Nawalparasi. The company has an authorized capital of Rs 4,000 million and occupies 30 bighas of land. Utilizing advanced European techniques, including the Vertical Roller Mill (VRM), it’s the first in Nepal to reduce energy consumption by up to 50%, making strides in eco-friendly cement production.