NEPSE has listed 80,25,000 unit IPO shares of Molung Hydropower Company Limited. This comprises promoter shares as well as shares offered to the general public and project-affected communities.
The initial transaction range is Rs. 60.62 to Rs. 181.86. If the company executes the agreement with NEPSE, the IPO shares will trade in the secondary market the next day.
The Insurance Authority has recently prioritized working with micro-insurance companies. The authority recently granted licenses to seven new microinsurance companies.
Previously, the Nepal Insurance Authority issued a notice inviting applications from companies interested in operating a micro-insurance company in Nepal. Similarly, three micro life insurance companies and four micro non-life insurance companies were chosen to conduct micro insurance activities in Nepal.
Menchhiyam Hydropower Limited has issued an offer letter to the general public in preparation for its Initial Public Offering (IPO).
From the 4th of Baisakh, 2080, the company will issue 934,915 unit shares with a face value of Rs 100. The company expects to earn Rs 9.34 crore from this IPO. This issue’s early closing date is on 7th Baisakh, and if it is not fully subscribed, it can be extended until 19th Baisakh, 2080.
The Asian Development Bank (ADB) forecasts 4.1 percent economic growth in Nepal in 2023, with inflation at 7.4 percent.
According to the April 2023 Asian Development Outlook (ADO), Nepal’s economic growth rate is expected to slow in 2023 compared to last year due to tight monetary policy, sluggish domestic demand, the unwinding of pandemic stimulus, and persistent global headwinds.
One company applied for a stock dealer license in the previous seven months, while 45 companies applied for stock broker licenses. Nonetheless, all procedures had been halted as a result of the Supreme Court’s directive. Seven months later, the broker license has been suspended, resulting in the freezing of approximately Rs. 12 Arba in capital.
SEBON’s revised Securities Market Operation Regulations 2064 and Securities Dealers Regulations 2064 begin the process of awarding new licenses. On Ashwin 2, 2079, the Securities Board issued a notice with a 30-day deadline to carry it out. As a result, 45 companies applied for stock broker licenses, while only one company applied for stock dealer license. Throughout the seven months
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.
Sunrise Focused Equity Fund (SFEF) units worth $10 billion have been listed on NEPSE. The fund initially offered just 12 crore units, however the offering was downsized due to a reduced number of applications.
The “Sunrise Focused Equity Fund” is a closed-end fund with a 10-year maturity horizon. On the 10th of Magh, Sunrise Capital allocated its Sunrise Focused Equity Fund. Nevertheless, the close-ended mutual fund received just 10 crore unit mutual fund applications out of the 12 crores available, forcing the fund manager to decrease the fund’s corpus to Rs 1 Arba.
The NEPSE index finished at 1,875.07 today, up 8.39 points from the previous trading day’s close. This is a 0.45% increase. Yesterday, the index fell 5.20 points.
Today, the index began at 1,866.83 and closed at 1,857.63. In contrast, it reached a high of 1,878.53 before closing at 1,875.07.
Through 21,504 transactions, 262 scrips changed hands. A total of 2,602,956 shares were traded, totaling Rs. 81.6 crores in turnover. This is less than the previous day’s turnover of Rs. 91.76 Crores.
SHIVAM CEMENTS LTD (SHIVM) shares were the most actively traded, with a total turnover of Rs. 6.43 crores at a market price of Rs. 409 per share.
Kalinchowk Darshan Limited (KDL) had the highest profit of 9.97%.
NEPSE has listed 746,830 units of “7.5% Everest Bank Limited Urja Rinpatra (Energy Bond) 2089.”
From the 25th Poush to the 09th Magh of 2079, Everest Bank Limited (EBL) issued 20,00,000 units of “7.5% Everest Bank Limited Urja Rinpatra (Energy Bond) 2089.”
From the overall offer of 20 lakh units, 12 lakh units were subscribed through private placement, while the remaining 8 lakh units worth Rs. 80 crores were open for public issue, with 5% reserved for mutual funds.
As the name implies, the “7.5% Everest Bank Limited Urja Rinpatra (Energy Bond) 2089” would provide unit holders with 7.5% yearly yields till maturity, which is in the year 2089 BS (10 years).
The Securities Exchange Board of Nepal (SEBON) has approved Three Star Hydropower Limited’s proposed initial public offering (IPO) on Chaitra 17.
The company will now issue 1,231,250 equity shares with NPR 100 par value each. The issue is worth Rs. 12.31 crore. This is equivalent to 25% of the company’s issued capital. After the IPO, the company’s total paid-up capital would be Rs 49.25 crores.
Dolti Power Company Limited has issued an offer letter to the general public in preparation for its Initial Public Offering (IPO).
From the 28th Chaitra of 2079, the company will issue 12,71,861 unit shares with a face value of Rs 100. This IPO is expected to generate Rs 12.71 crore for the company. This issue’s early closing date is the 3rd Baisakh, and if it is still not fully subscribed, it can be extended until the 12th Baisakh, 2080.
National Life Insurance Company has announced bonus rates ranging from Rs 63 to Rs 85 per Rs 1000 for its insured customers.
According to the information, the company will offer a Rs 63 bonus for up to 9 years of life insurance, Rs 64 for 10 to 20 years, Rs 70 for 21 to 25 years, and Rs 85 for 26 years and above per Rs 1000 of insured amount. According to the media statement, the company will also provide Rs 64 for up to 9 years of term insurance and full life insurance, Rs 64 for 9 to 20 years, Rs 70 for 21 to 25 years, and Rs 85 for 26 years and above.