Nabil Balanced Fund-1 posts NAV of Rs 10.74, a slight profit in Bhadra

Nabil Balanced Fund-1, a closed-end 5 years mutual fund scheme managed by Nabil Investment Banking Limited, has reported a net asset value (NAV) of Rs 10.74 for the month of Bhadra, up from 10.70 posted in the previous month.

Sanima Mai Hydropower IPO shares oversubscribed by nearly 30 times.

The Initial Public Offering of Sanima Mai Hydropower Limited (SMHL), which closed earlier this week, was oversubscribed by nearly 30 times.

“The IPO has drawn around 6.15 billion rupees, though we are still get the final figure, which could be slightly above or below this number ,” Bijendra Nuchchhe Pradhan, an officer with the issue manager NIDC Capital Markets.

Siddhartha Investment Growth Scheme-1 SIGS1’s NAV nudges to Rs 11.87, remains undervalued in the market

Siddhartha Investment Growth Scheme-1, a closed-end 5 years mutual fund scheme managed by Siddhartha Capital Limited, has reported a net asset value (NAV) of Rs 11.87 for the month of Bhadra, up from 11.79 posted in the previous month.

Sanima Mai Hydropower IPO issue closes today, expected to oversubscribed by 20 times

Sanima Mai Hydropower Limited (SMHL) closed its Initial Public Offering (IPO) today.

The IPO has been well received in the market, according to NIDC Capital Markets Limited, the issue manager.

IPO issue of Kalika Micro Credit Development Bank Limited opens today

Kalika Micro Credit Development Bank Limited is issuing two lakh unit IPOs from today.
The micro credit development bank has stated that the issuance of the IPO will continue until September 23, but it could be extended up to October 3.

Of the two lakh IPOs being floated in the market at the rate of Rs 100 per unit, 4,000 units are reserved for its staff and 10,000 units have already been allotted to the mutual funds.

Rural Microfinance Dev. Co. RMDC IPO allotment - VIEW ONLINE RESULTS, Small investors 12.15%, Big 6.88%

Allotment of shares of Rural Microfinance Development Centre IPO took place at 9:00 AM in the Trade tower, Thapathali today.
Small investors got shares worth 12.15% of their investment, whereas the corresponding figure for big investors was 6.88%. Those who had applied for up to 70 units were allotted shares through lottery.

NEPSE decline by 0.88 pts at 538.52

The profit booking from the short term investors today also dragged the Nepse index into red terrain.

Though the market inclined by more than one point within the first few minutes, the position liquidation from the big investors drifted the market towards the 537 levels.

However, the benchmark index came to make a recovery in the last hour of trade, narrowing the loss to meager 0.88 points. The local bourse today closed at 538.52 levels.

Siddhartha Growth Scheme NAV nudges up by 0.53%

Siddhartha Investment Growth Scheme-1, a closed-end 5 years mutual fund scheme managed by Siddhartha Capital Limited, has reported a net asset value (NAV) of Rs 11.33 for the month of Asar, a 0.53 percent rise from last month.
The scheme that has a total fund of Rs 75 crore has invested Rs 43.56 crore in listed shares and Rs 4.71 crore in initial public offerings (IPOs).

Mutual fund investors can expect bonus dividends & Global IME Bank mutual fund scheme coming up.

Mutual fund unit holders can expect to receive two to four per cent hike in dividend payouts by fund managers following tax exemptions announced in the financial ordinance.

From the beginning of current fiscal year, mutual funds have been declared not-to-be-taxed entity by the government. Mutual funds will not have to pay any corporate taxes or pay capital gain tax for the shares that has been traded. Likewise, they have been exempted from paying any taxes on dividends received on shares and debentures and also mutual funds will not have to pay tax on interest received on deposits at financial institutions.

Sana Kisan Bikas Bank Limited IPO issue Kicks off Today. Good Investment Option open upto 26th Asar

Sana Kisan Bikas Bank Limited IPO issue Kicks off Today.

The company is floating 6,00,000 shares, out of which 30,000 has been set aside for mutual funds and 18,000 shares for the bank’s employees. The shares set aside for mutual funds have already been distributed equally among Nabil Balance Fund-1 and Siddhartha Investment Growth Scheme-1.

The minimum IPO closing date of this IPO is on 26th Ashad and maximum date it can extend its IPO if its undersubscribed is on 6th Shrawan, 2070. The bank has appointed Elite Capital Limited as its issue manager.

As per the financial statement published along with the IPO notice,

Expert Opinion : Why invest in Rural Microfinance Development Centre Ltd (RMDC) ?

The financials of RMDC look impressive if not the best as everyone had expected. The investors have been eagerly waiting for RMDC issue and it is one of the best companies to float IPO for the public in the recent times.

RMDC is floating IPO its share at Rs.180/share adding a premium of Rs.80 for the general public. The size of the IPO is 1,560,000 units out of which 31,200 units have been kept aside for employees of RMDC and a total of 78,000 units have been allotted to Siddhartha Growth Scheme I, Nabil Balanced Fund I and Citizen Unit Scheme in equal proportion of 26,000 units each. The public can apply for remaining 1,450,800 units.
The financial of the company as of Poush end 2069/70 are as follows:
Paid-Up Capital:Rs.334,000,000
Reserve & Surplus:Rs.819,277,000
Net Profit:Rs.78,410,000
Earning Per Share (EPS):Rs.23.48

Conclusion