Ridi hydropower IPO expected to be oversubscribed by over 70 times

Ridi Hydropower Development Company Limited’s Initial Public Offering (IPO) of 11.70 lakh units, is oversubscribed by more than 70 times, according to the preliminary estimate.

“We collected 2.7 arba by Wednesday, which means it was oversubscribed by some 25 percent in the first three days,” a highly placed official with Civil Capital Limited told.  “Going by the data pouring in from the collection centers, we are expecting the IPO to be oversubscribed by more than 70 times, may be up to 75 times.”

Ridi hydropower IPO closing today; draws around 2 arba in 3 days

Ridi Hydropower Development Company Limited’s Initial Public Offering (IPO) of 11.70 lakh units has drawn Rs 2 arba in the first three days of its opening.

The IPO is closing day, and long queues of applicants could be seen in all the eight collection centers since the morning.

“The IPO has drawn around Rs 2 arba in three days, though we have not been able to compile all the applications due to the public holiday yesterday.  It suggests that the IPO has been oversubscribed by more than 18 times in the first three days,” said Bhisma Raj Chalise, CEO of Civil Capital, the issue manager.

Kabeli Bikas Bank floats rights shares at 11:4 ratio

Kabeli Bikas Bank Limited has floated 80,000 units of its 11:4 ratio right shares from Jan 19.

The issuance of the rights shares of face value Rs 100 will end on February 23.
Elite Capital Limited, Jamal, Kathmandu is the issue manager.

It may be noted here that as the development bank has already announced book closure from December 20, only those who held shares of the bank till December 20 are eligible for the rights shares. -SSN

Kabeli Bikas Bank issuing 11:4 rights shares from January 24

Kabeli Bikas Bank Limited is issuing 80,000 units of ordinary rights shares of face value Rs 100 from January 24 at 11:4 ratio.The rights issue being managed by Elite Capital Limited will remain open till February 23.

It may be noted here that as the development bank has already announced book closure from December 20, only those who held shares of the bank till poush 5 are eligible for the rights shares.-SSN

Garima Bikas Bank Ltd is issuing rights shares at 2:1 ratio from today

Garima Bikas Bank Limited is issuing 11 lakh units of  rights shares at 2:1 ratio from today.

 The class ‘B’ development bank based in Pokhara has informed that the shareholders of face value Rs 100 can apply for the rights issue at any of its branches or at its RTS, Elite Capital Limited at Nachghar, Jamal in Kathmandu.

Citizens Bank to distribute 15% cash dividend from 5th Kartik 2070

Citizens Bank International Limited is distributing 15 percent cash dividend to its shareholders from the net profit it generated in the last fiscal year 2069/70 from 5th Kartik 2070.

Surya Life Insurance rights shares issue closing today

The issuance of rights shares of Surya Life Insurance Company Limited is closing today.

The insurance company had floated 8.87 lakh units of rights shares to the shareholders from 18th Bhadra at 10:2.15 ratio.

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.

10:2.15 Right share issue of Surya Life Insurance from 18 Bhadra to 21 Ashwin 2070

Surya Life Insurance Company has announced to issue 8,87,000 unit rights shares at the ratio of 10:2.15657671. The move was expected as the company is obliged to increase its paid up capital, which is currently at Rs 41.13 crore, to Rs 50 crore.

Insurance Board has directed life and nonlife insurance companies to increase their paid up capital to Rs 50 crore and Rs 25 crore respectively.

IPO shares of Sana Kisan Bikas Bank Ltdover subscribed by 34 times.

Nepalese share market has witnessed yet another successful initial public offering in Sana Kishan Bikas Bank Limited.

It has been only a month since Mega Bank Ltd. closed its smashing IPO which end up collecting more than Rs 14 arba money from the general public.

Sana Kisan Bikas Bank Limited has collected Rs.201 crore (approximately) in just four days time frame, which comes around 34 times of the total Rs 60 million issues.

Sana Kishan IPO gets Rs 21 crore worth of applications in a single day; to close tomorrow

Investors have one more day to apply for Sana Kishan Bank IPO that is closing on July 10, tomorrow.

While the bank had collected Rs 11 crore in just two days of the IPO opening, in one single day on Tuesday, the IPO attracted Rs 21 plus crore worth of applications.

Officials at Elite Capital, the issue manager for the IPO, said the total collection by the end of the third day’s sales has reached Rs 33 crores.

Sana Kishan had issued a total of 6 lakh shares out of which 30,000 was set aside for mutual funds and 18,000 shares for the bank’s employees.

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,