Citizen Life Insurance Company Limited’s Initial Public Offering (IPO) has been added to SEBON’s IPO pipeline for approval.
The company intends to distribute 11,250,000 unit shares to employees and the general public. Employees will be issued shares at a par value of Rs. 100, while the general public will be issued shares at a price of Rs. 290 per share (Rs 100 face value + Rs 190 premium price). The company will raise a total of Rs. 3,155,625,000 through the IPO.
Vijaya Laghubitta Bittiya Sanstha Limited (VLBS) has scheduled its 10th Annual General Meeting for the 28th Chaitra, 2079. The meeting will begin at 11:30 a.m. in Bijaya Bikas Srot Kendra, Gaidakot, Nawalparasi.
Among the other items on the agenda, the AGM will approve a 21.0526% dividend of Rs. 6.73 crores for fiscal year 2078/79. On March 10, the board of directors decided to distribute the dividend on the paid-up capital of Rs. 32 crores. The proposal is for 20% bonus shares worth Rs. 6.40 crores and 1.0526% cash dividend (for tax purposes) worth slightly more than Rs. 33.68 lakhs. The meeting will consider converting a maximum of 10% of the promoter shares to public shares so that the company’s promoter shares do not expire.
Kantipur Television (KTV) is a private television station based in Kathmandu, Nepal. Kailash Sirohiya is the chairman and managing director. KTV, which debuted in July 2002, is licensed for both terrestrial and satellite transmission. Tinkune is the headquarters of Kantipur Television. On the 17th Chaitra, 2079, Kantipur Television Network Limited will hold its Special General Meeting (SGM). The meeting will begin at 1 PM in the company’s headquarters in Tinkune, Kathmandu.
Following the merger, the institution’s name was changed to Manushi Shrijanshil Laghubitta Bittiya Sanstha Limited. Similarly, for the merger, an equal share swap ratio, i.e. a 1:1 swap ratio, has been finalized.
For the merger process, a joint merger committee will be formed with 3/3 representatives from both organizations. The goal is to complete the merger process this fiscal year.
Today’s gold price has risen by Rs. 400 per tola.
According to the Federation of Nepal Gold and Silver Dealers’ Association’s official website, fine gold is currently trading at Rs. 107,100 per tola. Yesterday, the rate remained unchanged at Rs. 106,700 per tola. Meanwhile, Tejabi gold is currently trading at Rs. 106,600. In contrast, the rate was kept at Rs. 106,200 per tola yesterday. Today’s gold price has risen by Rs. 400 per tola.
As part of its Initial Public Offering (IPO), BPW Laghubitta Bittiya Sanstha Limited issued 80,950 units worth Rs 80.95 lakhs to the general public (Falgun 18- 23, 2079).
Out of the total 97,000 units, 10%, or 9,700 units, were set aside for Nepalese citizens working abroad, 1.50%, or 1,500 units, were set aside for company employees, and 5%, or 4,850 units, were set aside for mutual funds. The remaining 80,950 units will be available to the general public.
Prime Life Insurance Company Limited (PLIC) has announced a change in its promoter to public shareholding ratio.
On the 24th Poush, 2079, the company held its 15th AGM. The AGM approved the board’s proposal to change the promoter/public share ratio of the company from 60:40 to 51:49. The company has now informed that if any of the shareholders are unwilling to convert their ownership of the founder shares into a public group, they should make a self-declaration to the company’s corporate office in Hattisar, Kathmandu, within 7 days of the date of publication of this notice.
BPW Laghubitta Bittiya Sanstha Limited’s initial public offering (IPO) will take place this Friday, 3rd Chaitra, 2079. The allotment program will begin at 11 a.m. on the premises of the issue manager, Mega Capital Markets, in Kamalpokhari.
From the 18th to the 23rd Falgun, the company issued 80,950 units of Rs 100 face value shares to the general public as an Initial Public Offering. Out of the total 97,000 units, 10%, or 9,700 units, were set aside for Nepalese citizens working abroad, 1.50%, or 1,500 units, were set aside for company employees, and 5%, or 4,850 units, were set aside for mutual funds. The remaining 80,950 units were made available to the gene
Mr. Deepak Khanal, chair of Deprosc Laghubitta, presided over the company’s 21st AGM.
For the previous fiscal year, the AGM approved 10% bonus shares and 11.052632% cash dividends for its shareholders. According to the media statement, the company’s paid-up capital will increase to Rs 1.52 arba after the bonus shares.
Multipurpose Finance Company Limited handled the process of issuing rights shares (MPFL). In an application filed on February 29, the company requested approval from the Securities and Exchange Commission (SEBON) to issue rights shares.
If SEBON grants permission for the said right shares, MPFL will distribute 35 percent of the paid-up capital, or 1:0.35, to shareholders. It states that a total of 15.82 lakh shares will be sold at a nominal price of Rs. 1
The Securities Exchange Board of Nepal (SEBON) has approved Rawa Energy Development Limited’s proposed initial public offering (IPO) on Falgun 25.
The company will now issue 840,000 equity shares at NPR 100 per share. The issue is worth Rs. 8.4 crore. This is equivalent to 30% of the company’s issued capital. The company’s total paid-up capital following the IPO allotment would be Rs 28 crores.
Prabhu Capital Limited has been appointed as the proposed IPO’s issue manager.
The IME Life Insurance Company Limited Initial Public Offering (IPO) has been added to SEBON’s IPO pipeline for approval.
The company intends to sell 12 million unit shares to the general public for Rs. 276 each (Rs 100 face value + Rs 176 premium price). The company will raise a total of Rs. 3.312 billion through the IPO.