The IPO allotment process of Sun Nepal Life Insurance Company Limited has been completed today at the offices of the issue manager, Nepal SBI Merchant Banking Limited, in Kathmandu. Sun Nepal Life Insurance Company Limited had offered 76,80,000 unit IPO shares at a price of Rs. 239 per share, which consists of a face […]
Himalayan Capital Limited is concluding the public offering of its mutual fund scheme called “Himalayan 80-20” today, which is Bhadra 15, 2080. Initially, the offering started on the 32nd day of Shrawan and was supposed to end on the 4th day of Bhadra, 2080. However, due to a lack of sufficient applications, the closing
In the month of Shrawan, the Net Asset Value (NAV) of “Global IME Balanced Fund – 1 (GIBF1)” dropped to Rs. 9.82 from the previous month’s Rs. 10.57. This closed-end fund, with a maturity period of 10 years, currently holds a total fund size of Rs. 1.02 Arba. The fund’s investments include Rs. 74.60
NIBL Pragati Fund (NIBLPF) has announced a 6.8% cash dividend for its shareholders for the fiscal year 2079/80. This decision was made during the 112th Board of Directors (BOD) meeting held on Shrawan 13th. The dividend amounts to Rs. 5.10 Crores for the recently concluded financial year, and the book closure date for this
The daily RSI stands at 38.80, and the weekly RSI is at 47.58. In terms of MACD, both lines are below zero, with the signal line crossing the MACD line, showing a MACD reading of -24.33 on the daily chart. The Nepse Index is currently below its 5-day and 20-day Moving Averages, which is
The initial closing date for this offering is set for the 13th of Bhadra. If the subscription falls short, the deadline could extend to the 24th of Bhadra, in the year 2080. CDS and Clearing Limited (CDSC) has reported that they’ve received a total of 833,615 applications, requesting a combined 9,136,780 unit shares, amounting to
ICRA Nepal Limited has confirmed the Fund Management Quality Rating (FMQR) of [ICRANP] AMC Quality 3 (pronounced ICRA NP Asset Management Company Quality Three) for Citizens Capital Limited. This rating signifies that entities with AMC3 offer reasonable confidence in their management quality. It’s important to note that ICRA Nepal’s assessment doesn’t comment on legal
Sreenagar Agritech Industries has chosen Nabil Investment Banking to manage the release of 1.3 million shares to the public. The agreement was made official through a signing between the CEO of the bank, Mr. Manish Narayan Joshi, and the MD of the company, Mr. Satish Chand Shrestha. The company, known for its agricultural and
On Wednesday, which corresponds to the date 2080/05/13 in the Nepali calendar, Lumbini Bikas Bank Limited (LBBL) and the Nepal Stock Exchange (NEPSE) signed an agreement for the listing of 11 Percent L.B.B.L. Debenture 2089 (LBBLD89). As per the agreement, 10 lakh units of these debentures are being listed at a par value of Rs.
NIC Asia Capital, the manager of the 10-year closed-end mutual fund scheme called NIC Asia Balanced Fund (NICBF), has released the Net Asset Value (NAV) report for the month of Shrawan. The NAV for this period is recorded at Rs. 11.18, showing a slight decrease from the previous month’s Rs. 11.28. The scheme was
