Tag: Upper

Upper Syange Hydropower Limited Announces IPO for General Public

Upper Syange Hydropower Limited has released its offer letter, signaling its intention to issue an Initial Public Offering (IPO) to the general public. The company plans to issue 539,500 unit shares with a face value of Rs. 100 each, starting from the 10th of Ashad, 2080. The goal is to raise Rs. 5.39 crore through this IPO. The initial closing date for the subscription is the 13th of Ashad, with a possible extension until the 24th of Ashad, 2080, if the issue is not fully subscribed.

Out of the total 650,000 units, 10% (65,000 units) has already been allotted to Nepalese citizens working abroad, 5% (32,500 units) has been set aside for mutual funds, and 2% (13,000 units) has been allocated for the company’s employees. The remaining 539,500 units are available for the general public. Following the IPO issuance, the company’s paid-up capital will increase to Rs. 22 crores.

Previously, the company had issued 2,20,000 unit shares worth Rs. 2.2 crores to project-affected locals in Lamjung District and 65,000 unit shares to Nepalese citizens working abroad. The promoter-public share ratio will be 60.45:39.55 after the completion of this IPO.

Siddhartha Capital Limited has been appointed as the issue manager for the IPO. Interested applicants can apply for a minimum of 10 units and a maximum of 100,000 units.

CARE Ratings Nepal Limited (CRNL) has reaffirmed the issuer rating of ‘CARE-NP BB (Is)’ for Upper Syange Hydropower Limited, indicating a moderate risk of default in meeting financial obligations in Nepal.

Upper Syange Hydropower Limited, originally incorporated as Upper Syange Hydropower Private Limited on January 26, 2009, converted to a public limited company on March 30, 2017. The company is promoted by individual and institutional promoters from various backgrounds. It is currently working on the development of a 2.4 MW Run-of-River (RoR) Upper Syange Hydropower Project (USHP) in Lamjung district, following the BOOT (Build, Own, Operate, and Transfer) mechanism.

June 16, 2023
IPO Offered by Upper Syange Hydropower Limited to Locals and Nepalese Citizens Abroad

Upper Syange Hydropower Limited is offering shares to project-affected locals of the Lamjung District and Nepalese citizens working abroad. The IPO will be open from 1st Jestha to 16th Jestha, 2080, and if the issue is not subscribed by the early closing date for locals of Lamjung District, it can be extended till the 30th Jestha. However, the issue will not be extended from the early closing date for Nepalese citizens working abroad. The company’s issued capital is Rs. 22 Crores, and 10% i.e. 2,20,000 unit shares worth Rs. 2.2 crores have been allocated to project-affected locals of Lamjung District.

29.55% of the company’s issued capital i.e. 650,000 unit shares will be issued later for the general public. Of this public issue, 10% of the shares totaling 65,000 units shares have been allocated for Nepalese citizens working abroad. The minimum application quantity for the project-affected locals is 10 units, while the maximum quantity is 100,000 units. Meanwhile, for Nepalese citizens working abroad, the minimum application quantity is 10 units, while the maximum quantity is 50,000 units.

Siddhartha Capital Limited is the issue manager, and the promoter-public share ratio will be 60.45: 39.55 after this IPO. The issuer rating of Upper Syange Hydropower Limited has been reaffirmed as ‘CARE-NP BB (Is)’ by CARE Ratings Nepal Limited (CRNL), indicating a moderate risk of default regarding the timely servicing of financial obligations in Nepal.

Upper Syange Hydropower is a Public Limited company that is setting up a 2.4 MW Run-of-River (RoR), Upper Syange Hydropower Project (USHP) in BOOT (Build, own, Operate, and Transfer) mechanism. It was incorporated on January 26, 2009, as Upper Syange Hydropower Private Limited and converted to Public limited on March 30, 2017. The project is located in the Lamjung district of Nepal and is promoted by both individual and institutional promoters from different backgrounds.

May 7, 2023
Upper Solu Hydro Electric Company Reports Net Profit of 1.08 Crores in Q3; Financial Expenses Increased By Huge Margin of 244.73%

Upper Solu Hydro Electric Company Limited (USHEC) has released its unaudited third-quarter report for FY 2079/2080, reporting a net profit of Rs. 1.08 Crores, indicating a 78.98% decline from the relevant period of the previous fiscal year. The company’s paid-up capital remains at Rs. 1.35 Arba, and it has a negative reserve of Rs 3.64 Crores. Additionally, USHEC generated electricity sales worth Rs. 53.39 Crores in Q3 of FY 79/80, while finance expenses increased significantly by 244.73%, amounting to Rs. 30.73 Crores, affecting the company’s profitability for the period. The management analysis states that electricity was produced entirely from the organization’s project during the quarter period, and electricity was sold from the 132 KV transmission line, but reduced water flow in the river resulted in lower income than previous quarters. The company’s annualized EPS stood at Rs. 1.07, and its net worth per share was Rs. 97.30.

May 2, 2023
SEBON Approves Upper Syange Hydropower IPO Proposal

The Securities Exchange Board of Nepal (SEBON) has authorized Upper Syange Hydropower Limited’s proposed initial public offering (IPO) on Baisakh 13, 2080.

The corporation will now issue 870,000 equity shares at NPR 100 per share. The issuance is worth Rs. 8.7 crore. This is equivalent to 39.55% of the company’s issued capital. The company’s total paid-up capital following the IPO allotment will be Rs 22 crores.

April 27, 2023
What Rawa Energy Development Prospective Investors Should Know

Rawa Energy Development Ltd is a public limited company that was founded as a private limited company on August 16, 2009 and later converted to a public limited company on June 28, 2019. It is promoted by businesspeople with extensive experience in hydropower and other sectors for the establishment of Hydroelectric Projects (HEP) in Nepal. In Khotang District, the company operates a 3 MW Upper Rawa Khola Small Hydropower Project (URKHP), which has been in commercial operation since September 20, 2020. The project is being built using the BOOT (Build, Own, Operate, and Transfer) model.

April 6, 2023
Trading of Vijaya Laghubitta (VLBS) Suspended as the Company Declares Dividend By Violating NEPSE Guidelines

The Vijaya Laghubitta Bittiya Sanstha Limited (VLBS) transaction has been halted, according to the official notice of the Nepal Stock Exchange (NEPSE), since the business declared dividends to be given to shareholders without first receiving authorisation from NEPSE.

At 6:35 PM on Magh 25, after business hours, Nepal Stock Exchange received the letter from VLBS regarding the dividend declaration for the Fiscal Year 2078/79. However, on Magh 10 itself, Vijaya Laghubitta held a meeting to suggest dividends to the shareholders.

February 9, 2023
Nepal Stock Exchange (NEPSE) – A Short Introduction

Nepal Stock Exchange (NEPSE) is the country’s sole stock exchange. It is located in Kathmandu, Nepal, at Singha Durbar Plaza.

In 2033 BS, the government established a security purchasing and trading center in Nepal. In 2050 BS, the same location became the Nepal Stock Exchange Limited (NEPSE).

On January 13, 1994, the Nepal Stock Exchange (NEPSE) inaugurated its trading floor (29 Poush, 2050). It is Nepal’s sole stock exchange. As of May 13, 2020, the total market capitalisation of the companies listed on NEPSE is around Rs 1.54 trillion.

Objectives of Nepal Stock Exchange (NEPSE)

The primary function of the stock exchange is to facilitate the trading of listed securities. NEPSE has been trying to register publicly issued securities in the secondary market so that they can be traded easily. This is referred to as listing.

The Nepal Stock Exchange Limited (NEPSE) is a specialized government-owned entity governed by the Companies Act. It does business in compliance with the Securities Act. Its principal goal is to assist to the country’s economic development through capital formation and mobilization, as well as to stimulate investor interest by establishing a secondary market for the trading of securities issued by the Government of Nepal and organizations.

Nepse has been a prominent regulatory organization in terms of market operations, listed firms, and securities dealers, in keeping with its goal of trading shares, bonds, mutual fund units, and other securities through member brokers.

At the moment, the Nepal Stock Exchange offers general investors the ability to purchase and sell securities through 50 member brokers and 41 Remote Work Stations (RWS) in key cities both inside and outside the Kathmandu Valley.

The brokerage firm and its branches are spread across 21 different cities in Nepal.

Nepal’s capital market is in its early phases of development due to the size of the market, kind of company, financial instruments to be exchanged, laws and regulations, technology utilized for business, other physical infrastructure, manpower, and so on.

Similarly, Nepse is a founder member and current Executive Board Member of the South Asian Federation of Exchanges. It is also an Affiliate Member of the World Federation of Exchanges, with plans to become a full member soon.

Share Ownership In Nepal Stock Exchange

The Government of Nepal promotes the Nepal Stock Exchange (NEPSE). The Nepalese government owns 58.65 percent of NEPSE.

The significant shareholders of the Nepal Stock Exchange (NEPSE) are shown in the table below. It also includes a proportion of ownership.

S.No Shareholders Share Ownership (%)

1 Government of Nepal 58.65

2 Nepal Rastra Bank 34.6

3 Rastriya Banijya Bank 6.12

4 Members(Brokers) 0.62

Board of Directors of Nepal Stock Exchange

According to the Securities Act of 2006, the Board of Directors (BOD) of the Nepal Stock Exchange (NEPSE) is made up of members from various sectors. The BOD now consists of two members from the Nepal Government, one from Nepal Rastra Bank, and one from Rastriya Banijya Bank. Furthermore, the BOD will propose one member as a capital market expert. NEPSE’s General Manager will serve as a director on the BOD.

Nepse Index

NEPSE index is the market value weighted index. This index shows the aggregate growth in capitalization of companies listed in Nepal Stock Exchange.

Nepse Index reached its all-time high of 1881.45 on July 27, 2016.

Sensitive Index

Index calculated from the market capitalization of companies classified under group “A” is called sensitive index.

Sub Indices In Nepse

The sub-indices in Nepse include:

1. Banking
2. Development bank
3. Finance
4. Microfinace
5. Manufacturing And Processing
6. Hydro Power
7. Non Life Insurance
8. Life Insurance
9. Hotels
10. Mutual Fund
11. Other

Works Done By Nepal Stock Exchange (NEPSE)

Provides a market platform for buying and selling of secondary shares, debentures and bonds.

Develops and expands the secondary market in the capital market by supporting the policy and guidelines of the Government of Nepal.

Regulates listed companies, brokers and investors.

Spreads public awareness about capital markets.

Regulates and monitors the listed public limited companies.

Take membership with national and international capital market organizations.

List new companies to trade on the stock exchange, as well as OTC companies that are not listed or disbanded.

Development and expansion of the capital market by increase the number of institutions involved in the market.

Runs a clean, transparent, credible, fair market and works in the interest of investors.

January 3, 2023
CDSC Meroshare Login – Everything about Mero Share
If you want to visit Mero share login page, Click the link: https://meroshare.cdsc.com.np.

Continue reading if you want to learn about Mero share.

Introduction of Mero Share

The securities exchange of Nepal has taken extraordinary steps over the most recent couple of years. Financial backers will at this point don’t need to trust that hours will top off their offers and afterward stand by in line to get their cashback. Essentially, one doesn’t need to go to the offer recorder to get the authentication of reward and right and money profit.

For every one of these offices, you just need to spend Rs. 50 every year. You can do every one of these things from home by turning into a client of Mero Share. All you require to do to utilize the Mero Share include is make your email address and the recipient number of your Demat account.

‘Mero share’ is a product created by CDS and Clearing Limited (CDSC). Mero Share gives the office to the recipient to see the offer exchange data in your record on the web.

Advantages of Mero Share

Clients can get the accompanying advantages while utilizing the Mero share programming.
1. View the individual subtleties of the recipient account holder
2. View the subtleties of the stock in your record
3. Subtleties of the real estimation of the stock in your record dependent available worth I. e see the portfolio
4. View the subtleties of the exchanges in your record
5. View the subtleties of the offers which are under guarantee in your record
6. To Apply Online to buy the offers in the event of an essential issue (IPO/FPO) and right issue.
7. To make a financial balance passage in the recipient account or to demand a vault member (DP) to change the ledger entered mistakenly.
8. Effectively move the offers you have sold by going to the most helpful MY EDIS tab.
9. To see the IPO consequence of the organization in which you have submitted the Application.
How To Use Mero Share Software?
1. Clients who need to exploit Mero Share should go to their Depository Participants (DP) and should fill the Mero Share Form
2. The Depository Participants (DP) opens every client’s Mero Share account dependent on the solicitation got from the client. Data about the client’s DP ID, login ID, secret word, and address to utilize Mero Share will be shipped off the email address of the concerned client.
3. Mero Share can be utilized by tapping on the web address referenced alongside the data about Mero Share account got in your email or by opening the location https://meroshare.cdsc.com.np in the web program.
How To Login Into Mero Share?
1. Select the connection you got in your email‌ or open your PC’s Internet (Firefox or Chrome) and type https://meroshare.cdsc.com.np in the location bar of that program and press Enter.
2. To login, go to the drop-down menu with “Select Your DP” as demonstrated in the image underneath and Select the storehouse members (DP) of your record.
3. Type the last numbers after the zeros of your recipient account number to enter the Login ID. For instance if your recipient account number 13010200000093812 while the last eight digits are 00093812, utilize the number 93812 as your login ID.
4. Type the secret word you got in your email and press the login button
How To Change Password In Mero Share Account?

You should change your secret word the first occasion when you sign in to Mero Share Account. All administrations accessible in Mero Share can be gotten to solely after changing the secret key.

After you sign into your Mero share represent the first occasion when, it says you to change your secret phrase first. Your ‘Old Password’ is the thing that you get in the email we examined before. You need to enter another secret word for the Mero Share Login.

After you change your secret key, your ‘Mero Share Dashboard’ shows up. The example picture of the Mero share dashboard is appeared in the table underneath:

How To Change Your Mero Share Password Anytime?

On the off chance that you wish to change your secret phrase of the mero share account whenever adhere to the directions underneath:
1. Snap on your ‘Mero Share Profile’ in the upper right corner of your ‘ Mero Share Dashboard’ (Shown in the picture beneath featured with green)
2. Snap on the ‘Change secret word’ as demonstrated by the blue shading confine the picture beneath.
3. Type Your ‘Old Password’ and Your ‘New Password’
4. Snap on the ‘Change Password’ Icon featured by red tone in the picture underneath:
How To View Personal Details Of A Beneficiary Account In Mero Share?

To see your own subtleties entered in your recipient account in the Mero Share, Select ‘My Details’ menu. The data appeared in ‘My Details’ are the authority subtleties entered in your recipient account. In the event that there is any complaint in the proclamation, quickly illuminate your storehouse members (DP) and right the individual subtleties.

How To View Your Share Balance In The Beneficiary Account Through Mero Share?

There are four kinds of equilibriums for every protections

Current Balance: The amount of the portions of each organization in the record

Current Balance = Pledge Balance+ Lockin Balance+ Freeze Balance+ Free Balance
1. Promise Balance: Shares utilized as insurance out of the absolute offers in the record.
2. Lockin Balance: Shares in Lock-in out of the all out shares in the record
3. Freeze Balance: Shares hindered or frozen out of the all out shares in the record
4. Free Balance: Shares that are not utilized as insurance or not in lock in or not impeded
Free Balance=Current Balance – Pledge Balance-Freeze Balance-Free Balance

How To View The Details Of Share Trading In Mero Share?

To see share charge or credit subtleties in your record, select the My Transaction History menu.

Offer to exchange subtleties can be seen based on the organization name or date of exchange.

On the off chance that we see exchange subtleties by date, we can see the exchanging subtleties for a limit of a quarter of a year at a time

To see the exchange history of the single organization, Click on the Script and select the organization you need to see.

Exchange History Datewise

Exchange History Companywise

How To View The Portfolio Of Shares In The Beneficiary Account Through MeroShare?

To see an arrangement of stocks in your record, select the My Portfolio menu in Mero Share. The arrangement of stocks in the record is determined based on the last exchanging cost of each organization’s stock.

How To View The Details Of The Share Pledge In The Beneficiary Account?

On the off chance that the stock in your record is sold, select the Report For Pledgor menu under the Pledge Share Details menu in my stock to see the home loan subtleties.

How To Request A DP To Update The Bank Account Details In The Beneficiary Account?

To get the money profit from the organization in the ledger, the recipient’s record should determine the client’s financial balance subtleties. The client ought to give his ledger subtleties to the DP to refresh the financial balance subtleties in his recipient account.

Here are the means you ought to follow to refresh the financial balance subtleties:
1. To make your ledger subtleties accessible to your DP through Mero Share, utilize the My Bank Request menu.
2. Select your bank from the rundown of banks accessible in the product and select the pertinent branch
3. Pick your record type by composing your Bank Account Number in the space gave and click on Update Bank Details button
How To Transfer Shares Through Mero Share?

On the off chance that you have sold offers, you can undoubtedly move those offers through Mero Share. First snap on the My EDIS menu of the Mero Share Dashboard. The example figure underneath shows the way toward moving the sold offers through the Mero Share Software.

After you click My EDIS menu, select the Transfer Shares as featured in the green box in the example picture above. After you click on the Transfer shares, you will see the settlement data about the offer of your offers. Snap on Proceed Next to move your sold offers. The example picture beneath shows the interaction.

Expectation you loved the data with respect to the utilization of Mero Share Account. Don’t hesitate to share your perspectives in the remark segment.
January 3, 2023

S.No	Shareholders	Share Ownership (%)
1	Government of Nepal	58.65
2	Nepal Rastra Bank	34.6
3	Rastriya Banijya Bank	6.12
4	Members(Brokers)	0.62

Tag: Upper

Objectives of Nepal Stock Exchange (NEPSE)

Share Ownership In Nepal Stock Exchange

Board of Directors of Nepal Stock Exchange

Nepse Index

Sensitive Index

Sub Indices In Nepse

Works Done By Nepal Stock Exchange (NEPSE)

Introduction of Mero Share

Advantages of Mero Share

How To Use Mero Share Software?

How To Login Into Mero Share?

How To Change Password In Mero Share Account?

How To Change Your Mero Share Password Anytime?

How To View Personal Details Of A Beneficiary Account In Mero Share?

How To View Your Share Balance In The Beneficiary Account Through Mero Share?

How To View The Details Of Share Trading In Mero Share?

How To View The Portfolio Of Shares In The Beneficiary Account Through MeroShare?

How To View The Details Of The Share Pledge In The Beneficiary Account?

How To Request A DP To Update The Bank Account Details In The Beneficiary Account?

How To Transfer Shares Through Mero Share?