IPO shares - Overview of Naya Nepal Laghubitta Bikash Bank Limited (NNLBBL)

Dhulikhel based Naya Nepal Laghubitta Bikash Bank Limited (NNLBBL) is issuing IPO from 3rd October 2013 till 7th October 2013. NLBBL a D class micro finance company which is licensed to operate in 10 districts of mid and eastern region of the country. It is issuing 60,000 units of share worth Rs.6,000,000 for the ordinary public -including 1,200 units for the staffs of the company and 3,000 units for the mutual funds. However, no mutual funds have applied for the shares. An investor can apply for minimum 50 units and maximum for 5,000 units.

RMDC shares trading starts from next week on NEPSE

Rural Micro Finance Corporation (RMDC) today has signed an agreement with Nepal Stock Exchange (NEPSE) for listing of its 5.2 million units share. As per the NEPSE rule, investors are able to trade RMDC share only after 7 days of agreement.

More hydro power companies to enter capital market

With the number of financial institutions going public waning, primary investors will see more hydropower companies entering stock market.

More hydropower firms are seeking to issue shares to public to raise capital, while the public is also taking into these shares for its lucrative returns and handsome dividends.

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.

Nepal Aawas Finance Company proposes 8 % bonus shares

Nepal Aawas Finance Company has proposed an 8 percent bonus shares to its shareholders from the net profit it earned during the last fiscal year of 2069/70.

A meeting of the finance company’s Board of Directors took the decision to this effect.

Nepal formally asks US for duty-free entry for 75 additional products

The government on Sunday formally requested that an additional 75 Nepali products be considered for the US Generalised System of Preferences (GSP). If approved, the items with a competitive advantage will enjoy duty free access to the US market, an emerging marketplace for local items.

NEPSE adds 0.14 points to close at 542

Continuing its lethargic movement, the secondary market of Nepal today made a gain of 0.14 points to conclude at 542 levels.

Ridi Hydropower prepares to issue IPO shares

The Nepali share market will soon see the entry of another hydropower company as Ridi Hydropower is offering shares to the locals in the run up to the Initial Public Offering (IPO) next week.

IPO worth 16 arba & Right shares worth 7 arba in the pipeline

Sixteen companies, including Century Commercial Bank and Upper Tama Koshi Hydropower Company, have filed application at the Securities Board of Nepal (SEBON) seeking permission to issue their Initial Public Offer, which collectively stands at around Rs 16 arba.

Sana Kisan & RMDC - Listing before Dashain at NEPSE.

The much-sought after shares of Sana Kisan Bikas Bank and Rural Microfinance Development Center (RMDC) will be listed before Dashain, the concerned officials informed.

The two emerging microfinance banks are in the process of finalizing Registrar to Share (RTS) before launching the share trading, the officials informed today.

Ridi hydropower to issue IPO shares to locals on Oct 4

Ridi Hydropower Development Company Limited is issuing the Initial Public Offer of 3 lakh unit equity shares to the local residents affected by or in the vicinity of the 2.4 MW Ridi Khola Small Hydropower Project from October 4.

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.

NEPSE suffers lossof 1.65 points closing at 541.7

NEPSE fails to sustain its gaining streak as it suffered a loss of 1.65 points today.  Following the consecutive two days of rally in the secondary market of Nepal, the investors today rushed to book their profit, building high selling pressure in the process.

IPO shares issue of Naya Nepal Lagubitta Bikash Bank from October 3 to 7, 2013.

Naya Nepal Lagubitta Bikash Bank is opening its Initial Public Offering (IPO) from October 3.

As per the offer letter of the microfinance development bank, it has floated 60,000 unit equity shares of face value Rs 100 each.
NMB Capital is managing the IPO issue, which closes on October 7, but could be extended up to October 17.

15% bonus shares & 6% cash dividend of Kamana Bikash Bank Limited

Kamana Bikash Bank Limited has proposed 21 percent dividend – 15 percent bonus shares and 6 percent cash—to its shareholders from its net earnings of the last fiscal year.

14% bonus shares of Bank Of Kathmandu (Bok) approved, AGM on Oct 28

Nepal Rastra Bank has finally approved 14 percent bonus shares proposed by the Bank of Kathmandu to its shareholders from the net profit it earned last fiscal year.

Issuing a public notice today, the Bok has stated that it is holding its Annual General Meeting on October 28, which, among other things, will distribute the offered dividend.

NEPSE Recovers 1.4 points to settle at 543.35

Channeling its way up, the secondary market of Nepal today further advanced by 1.4 points.

Skeptic by the recent drop in the market, the investors took cautions in the initial hour as the market movement sided between the one point ranges.

NEPSE recovers by 3.64 points to settle at 541.95 levels

Breaking its bearish rampage, Nepal Stock Exchange today made a recovery of 3.64 points to settle at 541.95 levels. Earlier, for the four consecutive trading days, the market index was galloping downside, suffering 13.69 points in total.

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.

Buying in RED & selling in GREEN Strategy - Expert views.

Many friends among our investors go by following crowd behavior. The crowd behaves strangely, most of the time. When the market is up, they buy and when the market is down they sell. Generally, this should be the opposite.

Free float index in NEPSE

Nepal Stock Exchange (Nepse) has been using float index and sensitive float index — the globally accepted best practice to make the secondary market index more realistic.
Free-float methodology refers to an index construction methodology that takes into consideration only the free-float market capitalisation of a company for the purpose of index calculation and assigning weight to stocks in index.

Namaste Bittiya Sanstha offers 25% bonus share & 10% cash dividend

Namaste Bittiya Sanstha has proposed 35 percent dividend to its shareholders.

A meeting of the finance company’s Board of Director has decided to offer 25 percent bonus share and 10 percent cash to the shareholders from the net profit it posted during the last fiscal year.

Shares of Mission Development Bank, Gaumukhi Bikash Bank and Namaste Bittiya Sanstha get listed

The shares of Mission Development Bank, Gaumukhi Bikash Bank Limited and Namaste Bittiya Sanstha Limited have been listed with the Nepal Stock Exchange Limited (NEPSE).

This is stated in separate notices issued by the NEPSE today.

Hydropower sector accounts for 95pc of investment pledges

Investors don’t seem to be deterred from putting money in hydropower projects despite limited access to financing and a long gestation period

According to government data, seven hydro projects were registered at the Department of Industry (DoI) in the first two months of the current fiscal year. More interestingly, the hydropower sector has attracted the highest investment compared to other sectors.

NLG Insurance - 10% bonus shares and 11.05% cash dividend

NLG Insurance Company Limited has proposed 21 percent dividend to its shareholders from the net profit it posted in the last fiscal year.

A meeting of its Board of Directors held on Sunday decided to propose 10 percent bonus shares and 11.05 cash dividend.

Kalika Micro Credit’s IPO closes today, oversubscribed by 8.5 times in just 3 days

Kalika Micro Credit Development Bank Limited has announced that it will close its IPO today.

“We received more than Rs 17 crore for the IPO by yesterday,” Kamal Nepal of NMB Capital Limited, the issue manager, told ShareSansar.com. “Today we expect the IPO to draw more amount than the total money collected in the past three days, as the most of the bigger investors and financial institution apply in the last day.”

NEPSE one months low at 538.31

Extending further its loss, Nepal Stock Market plunged by an additional 3.2 points today. With today’s drop, the market index has come to settle at one month lowest level of 538.31.

Citing yesterday’s tumble of more than seven points, the investors’ sentiment got further dampened today attributing to more liquidation of position in the market.

Low dividends to strengthen the financial health of the banks and financial institutions

Though most of the banks and financial institutions posted an average profit increment of around 40 percent in the last fiscal year, they could not offering dividends in line with their net earnings.

BFIs were compelled to restrict the dividends after the Nepal Rastra Bank tightened the provision on dividend distribution to strengthen the financial health of these institutions.

Dashain Tihar Festival offers by real estate developers, from 10 tolas of gold to 0% interest

With the Dashain festival only a few weeks away, real estate developers are offering numerous schemes — ranging from 10 tolas of gold to zero per cent interest on purchase of apartments — to attract genuine buyers.

CE Construction has introduced zero per cent interest offer on its ready-to-move-in apartments at Grande Towers, Tokha. “With the initial instalment of Rs one million, buyers can shift into the apartments. And the remaining amount can be paid within five years on a monthly instalment basis without any interest,” informs Babu Krishna Thapa, sales manager of CD Developers, a sister company of CE. The price of apartments range from Rs 4.5 million to Rs 13.6 million for one- to four-bedroom apartments.

Housing & apartment developers woo buyers with Dashain & Tihar festive offers

Housing developers have announced special offers on purchase of apartments, individual homes and spaces at commercial complexes in a bid to woo customers during the festive season.

Developers like CE Construction, Bajra Shangrila Residency and CTC Mall have launched special offers, while Downtown Housing and Greenhill City are working out their festive offers. Similarly, Shangrila Housing is relaunching its apartments eyeing festive buyers.

Janata Residency at Bhainsepati opens apartment booking

Kanchanjunga Housing has opened booking for apartments at its Bhainsepati-based project -- Janata Residency.
The company has opened bookings for 190 apartments located in 10 buildings spread over 12 ropanis.

Kalika Micro Credit’s IPOs oversubscribed by 2.5 times in just two days

Kalika Micro Credit Development Bank Limited’s IPOs have been oversubscribed by more than 2.5 times in just two after they were floated to the general public.

“The IPOs of Kalika Micro Credit was oversubscribed by more than 2.5 times by Friday,” Kamal Nepal of NMB Capital Limited, the issue manager, told ShareSansar.com today. “The IPO units worth above Rs 5 crore and 41 lakh have already been subscribed.”

Nepse tumbled by a massive 7.47 points to settle at 541.51 levels

Breaking the sideways channel, Nepal Stock Exchange today tumbled by a massive 7.47 points to settle at 541.51 levels. This is the highest fall seen in the market for the past two months. Last time, the market made such a mammoth loss was on 16th July, totaling 8.97 points.

Rupee continues gaining streak against USD

Nepali rupee strengthened against US dollar this week as well as the Indian currency, with which Nepali rupee is pegged, made gains against the greenback. Rupee gained a whopping Rs 3.29 against the US currency over the week. Price of gold unchanged this week.

16 companies applied SEBON for IPO shares issue worth Rs 1.56 billion

Sixteen companies have applied for approval from the Securities Board of Nepal (Sebon) for initial public offering (IPO) worth combined Rs 1.56 billion.

Of the 16 companies, 11 applied in the last six months, while five of them have been awaiting the Sebon approval for the last four years. Sebon these five companies are yet to fulfill the IPO criteria.

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.

10% bonus shares & 40% cash dividend of Standard Chartered Bank Nepal

Standard Chartered Bank Nepal has proposed 50 percent dividend – 10 percent bonus shares and 40 percent cash to its shareholders from the profit it earned in the last fiscal year i.e. 2069/70.

Garima Bikash Bank to issue 11 lakh right shares from Oct 4

Garima Bikash Bank Limited has decided to issue 11 lakh units of rights shares at 2:1 ratio to its shareholders starting October 4.

The booking of the rights share will close on November 7, according to a notice published today by the development bank based in Pokhara sub-metropolis.

Future of Standard Chartered Bank in Nepal - A Prediction on BUY, SELL or HOLD.

SCB should either expand its business and should adopt growth strategy or scale down and should sell it to some other enthusiastic promoters.
 
Financial results (4th quarter) - SCB
Paid up capital: 1.8539 Arab
Reserve: 3.5052 Arab
Profit: 1.2179 Arab
EPS: 65.70

Result of Sanima Mai IPO investment on Loan - A Forecast

It is not a good idea to invest in Sanima Mai Hydropower Company Limited's IPO by taking loan at such a high rate (24% annually) as the size of the IPO is not that big and it is expected to be over-subscribed by many folds and consequently that allotment is going to be very low both for the big and small investors.

For example you have loaned Rs.1,000,000

NEPSE drops 0.05 pts to 551.95

Dangling its way back and forth over the yesterday’s closing, the Nepse index puts on a roller coaster performance today.

The market moved in a zigzag pattern between the range of 551 to near 553 levels. At the end of the day, the benchmark index barely failed to settle in green terrain, as it remained 0.05 points below the yesterday’s closing level. The local bourse today came to close at Rs 551.95 levels.

9.5% bonus shares & 0.5% cash dividend of Nepal Express Finance Limited

Nepal Express Finance Limited has proposed 9.50 bonus shares and 0.5 cash dividend to its shareholders from the net profit it posted in the last fiscal year.

A meeting of the finance company’s board of directors took the decision to this effect on Monday.

NEPSE at 552

Sprinting its way further up, the Nepse index crossed 550 levels to settle at 552 levels today.

As the dividend distribution and announcement season has kicked in, in the midst of an upcoming festive season, the investors are converging in market to capitalize the return provided by the listed companies.

Nepal Bank Ltd to auction 2.49 million right shares from Sept 16 to 24

Nepal Bank Ltd (NBL) will auction its 2.49 million units of unsubscribed right shares to the public as ordinary shares.

It has asked for sealed quotations from interested investors from September 16 to 24. Interested investors can bid for a minimum of 10 units of shares at a price higher than Rs 100 per unit.

Muktinath Bikash Bank to issue rights shares in Oct at 10:3 ratio

Muktinath Bikash Bank Limited has decided to issue rights shares to its shareholders from October 2 to November 6.

The development bank headquartered in Pokhara sub-metropolis has decided to distribute 7 lakh 35 thousand units of rights issue priced Rs 100 per unit at the ration of 10:3.

IPO Issue: Overview of Kalika Micro Credit Development Bank Limited

Waling, Syangja based Kalika Micro Credit Development Bank Limited is floating a total of 200,000 units of shares worth Rs.20,000,00 from 3rd Ashwin 2070 to 7th Ashwin 2070. A total of 4,000 units are set aside for the employees of the bank and 10,000 units for two mutual funds i.e. 5,000 units each for Siddhartha Mutual Fund and Nabil Balanced Fund and the general public can apply for the remaining 186,000 units. An investor can apply for a minimum 20 units and 5,000 units maximum. NMB Capital Limited is the issue manager of the IPO of the bank.

Nepse index up as companies announce dividends

The dividend announcements seem to have buoyed investors as the market reacted positively to the string of dividends declared this week — September 8 to 12.

The index gained 2.95 points on the week’s trading as the dividend announcements of Chilime Hydropower, Nabil Bank and Everest Bank affected the market. Chilime’s shares registered a gain of Rs 83 per unit, while Nabil Bank’s shares shot up by Rs 145 per unit. However, Everest Bank’s shares suffered as the dividend announcement though hefty disappointed investors by its scanty bonus share allotments and its shares fell by Rs 187 per unit.

10% bonus share & 11.05% cash dividend of Fewa Finance Company

Fewa Finance Company has proposed 21.05 percent dividend – 10 –percent bonus share and 11.05 percent cash – to its shareholders from the net profit it posted during the last fiscal year.

A meeting of the finance company with its headquarters in Pokhara sub-metropolis took the decision to this effect on Thursday.

IPO share Overview of Sanima Mai Hydropower Company Limited

Sanima Mai Hydropower Company Limited's IPO is issuing 21,100,000 units of shares to the general public which will open from 4th Ashwin 2070 and will be closed on 8th Ashwin 2070. The total capacity of the hydropower project is 22 MW and is situated at Chisapani, Danabari of Illam in Eastern Nepal.

10:3 ratio Right Share issue of Muktinath Bikas Bank Limited on 4th Ashwin, 2070.

Muktinath Bikas Bank Limited has published a book closure date for its 10:3 ratio Right Share on 4th Ashwin, 2070.
Official Announcement

IPO Share issue of Kalika Micro Credit Development Bank Limited from Sept 19

Kalika Micro Credit Development Bank Limited has published an offer letter to issue 2 lakh unit IPO shares to the general public from September 19 to September 23.

The newly established micro credit development bank has stated that the issuance of the IPO can be extended up to October 3.

IPO share issue of Sanima Mai Hydropower Limited from 4th to 8th Ashwin, 2070

Sanima Mai Hydropower Limited has published an offer letter to issue 21,10,000 units IPO share to the general public from (4th to 8th Ashwin, 2070).

OFFICIAL ANNOUNCEMENT

Garima Bikash 20% bonus share & 5% cash, Bishwa Bikash 18% bonus & 0.95% cash & Kaski Finance 13% cash dividend

Garima Bikash Bank, Bishwa Bikash Bank Limited and Kaski Finance Limited have announced dividends to their shareholders from the net profit they posted in the last fiscal year.

Garima Bikash Bank has proposed 25 percent dividends—20 percent bonus shares and five percent cash, while Biswo Bikash Bank has offered 18 percent bonus and 0.95 percent cash for tax purpose, and Kaski Finance has proposed 13 percent cash.

Biratlaxmi offers 27% bonus share, Muktinath 20% bonus share & 7.5% cash dividend

Two more development banks have proposed dividends to their shareholders from the net profit they have made in the last fiscal year.

Biratlaxmi Bikash Bank Limited has proposed 27 percent bonus shares while Muktinath Bikash Bank Limited has offered 27.5 percent dividend – 20 percent bonus shares and 7.5 percent cash.

Nepse at 547.6, loss of 4.74 points

Latest flexibility given by the Nepal Rastra Bank (NRB) to Banking and Financial Institutions (BFIs), by prolonging the deadline of meeting the paid up capital, topple the market sentiment today.

Earlier, NRB had directed the Banking and Financial Institutions through monetary policy to raise their paid up capital to the standard set by the NRB within this fiscal year end. However, recently, the NRB has revised this policy and has asked the BFIs to meet the requirement by the end of the next fiscal year.

Mega’s impressive debut at Rs 181 per unit

On the first ever day of its trading, Mega Bank Limited shares were traded over 80% percent above par value on Sunday.
The shares, which were priced at Rs 188 per unit when the Nepse trading floor opened for the week on Sunday morning, closed at Rs 181 per unit.

IPO shares issue of five hydropower companies soon

Five hydropower companies, including two registered with the Securities Board of Nepal (SEBON), are going to public shares shortly.
These companies are Sanima Hydropower, Ridi Hydropower Development Company, Barun Hydropower Company, Upper Tamakoshi Hydropower and Arun Valley Hydropower Company.

Major Companies’ dividend declaration hints at surging market

If the announcement of largely impressive dividends by major players last week is anything to go by, the share market is likely to head in the right direction in the days to come.
Analysts say that the development is quite encouraging, though it may be too early to hint at a bullish trend.

Sana Kisan shares certificate distribution from Yesterday & listing by September 13

Sana Kisan Bikash Bank Limited has started to distribute IPO share certificates from Sunday, and the shares are likely to be listed later this week.

“We have started distributing the remaining IPO shares from today,” Liladhar Dhital, an official at the bank, told Sharesansar. “And, we plan to get the shares listed by September 13.”

NEPSE at 546.49, gains of 0.18 points

Finally, after days of downfall, the market was able to make an uphill move today. Though the market hovered in red for most of its trading period, coming at the end of the day, the local bourse bounced back to make a gain of 0.18 points to close at 546.49 levels.

Kailash Bikash Bank proposed 10% bonus share & 9% cash dividend

Kailash Bikash Bank has proposed to offer 19 percent dividend for the earning of FY 2069/70. Such decision was concluded by the bank’s board of directors meeting held on Wednesday.

BoK proposes 14% Bonus Shares

Bank of Kathmandu has proposed to offer 14 percent bonus shares to its shareholders. A meeting of BoK board of directors held on Wednesday made such decision.

The bank will be able to distribute the dividend once it is approved by the Nepal Rastra Bank and endorsed by the Bank of Kathmandu’s upcoming general meeting.

Sanima Mai Hydropower Limited’s IPO coming within two months time

Security Exchange Board of Nepal (SEBON) has given approval to Sanima Mai Hydropower Limited (SMHL) for the issuance of Initial Public Offer  (IPO) worth Rs 21crore 10 lakh to the general public. With this IPO, the company paid up capital will come to stand at Rs 1 arba 5 crore and 80 lakh.

Nepal Bangladesh bank (NBB) Non-Performing Loan (NPL) stands below 2%

Nepal Bangladesh bank (NBB) Non-Performing Loan (NPL) will now come to stand below 2 percent as per the press statement released by the bank on Wednesday.

NEPSE at 545.45, loss of 2.72 points

Streaming of investors to liquidate their position continues to skid Nepse.  The market index has been subsiding from the past three consecutive days.

Rupee slumps to new low of 109.03 against USD

Nepali rupee will plunge to record low of 109.33 against US dollar on Wednesday, as per the exchange rate published by Nepal Rastra Bank (NRB) on Tuesday evening.

This means Nepali rupee will post overnight loss of Rs 2.97 against the greenback. US dollar was exchanged at Rs 106.06 on Tuesday.