Cosmos Dev Bank IPO public stock opened ; 1.75 lakh units floated

Cosmos Development Bank Limited has floated the Initial Public Offer (IPO) of 1.75 lakh unit equity shares of face value Rs 100 from Dec 8.

The development bank has appointed Civil Capital Market Limited as its issue managers.

Altogether 3,500 units have been set aside for the bank’s staff and the rest to the general public.

The IPO closes on December 12 or could be extended till December 22. The applicants must apply for at least 50 units and up to 10,000 units.

Nagbeli Laghubitta Bikas Bank issues IPO public shares

Nagbeli Laghubitta Bikas Bank Limted is floating the Initial Public Offer (IPO) of 42,900 unit equity shares of Rs 100 face value from today.

The microfinance bank has appointed NMB Capital Market Limited as its issue managers.

Altogether 858 units have been set aside for the bank’s staff and 2,145 units to the mutual funds and the rest to the general public.

Standard Chartered Bank's 10% bonus share, 40% cash dividend warrants from today

Standard Chartered Bank Nepal Limited will distribute bonus share certificates and cash dividend warrants from today to the shareholders from the net profit the commercial bank earned in the last fiscal year 2069/70.

Issuing a notice today, the bank has stated that the share certificates and cash warrants will be distributed from 10:00 AM to 1:00 PM except for public holidays.

Civic Development Bank to distribute 9 percent cash dividend

Civic Development Bank has formally approved 9 percent cash dividend to the shareholders from the net profit it posted in the last fiscal year 2069/70.

The Annual General Meeting of the development bank held on Friday approved the dividend.

Jyoti Bikas Bank share loan scheme: 60% marginal lending

Jyoti Bikas Bank Limited is offering an attractive share loan plan to woo investors by offering 60 percent marginal lending within three days against share certificates.

The development bank has started to post advertisement for share loan in the media.

“We provide 60 percent marginal lending in the prevailing interest rate against shares of any listed companies which are priced above Rs 100 in the market,” Sandeep Khadka, an officer at the development bank.