Tag: Warren

  • 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.

     

  • NEPSE Index Rises 15.33 Points as Interest Rates Decline; Investors Anticipate Monetary Policy

    NEPSE Index Rises 15.33 Points as Interest Rates Decline; Investors Anticipate Monetary Policy


    The Nepal Stock Exchange (NEPSE) Index gained 15.33 points, or 0.73%, closing at 2,101.16 points, rebounding from the previous day’s loss of 10.50 points. Today’s trading began with the index opening at 2,085.81, hitting a low of 2,081.81, and peaking at 2,103.91.

    Throughout the trading session, 314 different stocks were traded in 75,105 transactions. The volume of shares exchanged totaled 10,108,122, with a turnover of Rs. 3.58 Arba. Market capitalization stood at Rs. 33.02 Kharba, with a float market capitalization of Rs. 11.33 Kharba.

     

  • SEBON Adds Reliance Spinning Mills and Swastik Laghubitta Sanstha IPO Shares to Pipeline

    SEBON Adds Reliance Spinning Mills and Swastik Laghubitta Sanstha IPO Shares to Pipeline


    Reliance Spinning Mills Ltd.’s Initial Public Offering (IPO) has been submitted to SEBON’s IPO pipeline for approval. The company plans to offer 1,155,960 unit shares to the public, aiming to raise Rs. 94.88 crore. These shares will be priced at Rs. 820.80 each for general investors. The IPO will be conducted using the book-building method.

     

  • NICL’s Investment Income Boosts Net Profit Growth by 232.33%; EPS Reaches Rs. 60.55

    NICL’s Investment Income Boosts Net Profit Growth by 232.33%; EPS Reaches Rs. 60.55


    Nepal Insurance Company Limited (NICL) has released its report for the second quarter of fiscal year 2080/81, showing a significant rise in net profit by 232.33%. The company earned a net profit of Rs. 49.77 crores compared to Rs. 14.97 crores in the same quarter of the previous fiscal year.

    Moreover, NICL has also increased its insurance fund by 4.95%, reaching Rs. 1.81 Arba in Q2 of FY 2080/81. Additionally, there has been a notable surge of 346.45% in the company’s income from investments, loans, and other sources, totaling Rs. 71.43 crores.

     

  • Bhagawati Hydropower’s Q2 Earnings Surge 23.26%; Long-Term Debt Cleared, Revenue Rises 13.31%

    Bhagawati Hydropower’s Q2 Earnings Surge 23.26%; Long-Term Debt Cleared, Revenue Rises 13.31%


    Bhagawati Hydropower Limited (BGWT) has announced a net profit of Rs. 3.77 Crores in the second quarter (Q2) of the current fiscal year 2080/81, marking a 23.26% increase from the same quarter last year when it was Rs. 3.06 crores.

    Notably, the company has successfully paid off its long-term loans, resulting in no long-term debt burden. This move is expected to significantly reduce finance costs, as the company’s financial obligations will now primarily focus on short-term liabilities. As a result, a substantial portion of the sales revenue is expected to be channeled towards strengthening reserves.

     

  • Sanima Reliance Life Insurance’s Q2 Net Profit Surges 96.48%; Life Insurance Fund at Rs. 12.69 Cr

    Sanima Reliance Life Insurance’s Q2 Net Profit Surges 96.48%; Life Insurance Fund at Rs. 12.69 Cr


    Sanima Reliance Life Insurance Limited (SRLI) has posted a significant 96.48% rise in its net profit for the current quarter, reaching Rs. 21.97 crore, compared to Rs. 11.18 crore in the same quarter last year.

    SRLI’s paid-up capital stands at Rs. 4.18 Arba, with retained earnings of Rs. 92.15 Crores, Rs. 2.42 Crores in other equity, and Rs. 11.83 Crores in catastrophe reserves. The company holds a life insurance fund worth Rs. 12.69 Arba and has investments totaling Rs. 15.65 Arba.

     

  • Himalayan Reinsurance Proposes 80% Right Shares Post Bonus Adjustment

    Himalayan Reinsurance Proposes 80% Right Shares Post Bonus Adjustment


     

    Himalayan Reinsurance Limited (HRL) has scheduled its 3rd Annual General Meeting (AGM) for the 20th of Falgun, 2080, to be held at Rastriya Sabha Griha, Pradarshani Marg, Kathmandu, starting at 11:00 AM.

    One of the key agendas of the AGM is the approval of a 4.21% dividend for the fiscal year 2079/80. During the 55th board of directors meeting on Magh 25, it was decided to distribute the dividend on the paid-up capital of Rs. 10 Arba. The proposed distribution includes 4% bonus shares and 0.21% cash dividend for tax purposes. This translates to bonus shares valued at Rs. 40 crores and a cash dividend of Rs. 2.10 crores.