Sanima Mai IPO to be listed on January 14 for trading

The Initial Public Offering (IPO) shares of Sanima Mai Hydropower Limited (SMHL) will be listed on January 14 for trading, according to Nepal Stock Exchange Limited.

“We will publish the notice regarding the listing of Sanima Mai Hydropower Limited IPO shares,” NEPSE General Manager Sitaram Thapaliya told today. “The equity shares will be listed for trading within a week thereafter.”

Sanima Mai Hydropower & Kalika Micro credit IPO allotment slips and cash refund from Nov 10.

Sanima Mai Hydropower Company Limited  and Kalika Micro Credit Development Bank Limited are distributing the allotment slip of their IPOs to the allottees and cash refund to those do did not get the scrip from Nov 10.

Sanima Mai hydropower IPO allotment results - View Online

The allotment of IPO equity shares of Sanima Mai Hydropower Limited has taken place today.

As less than 40 percent of the applicants were from the small group, the allotment was made at 3.65 percent for small investors, and 2.97 percent for the big investors.

IPO public shares result of Sanima Mai Hydropower Ltd & Kalika Micro Credit Dev. Bank Ltd on Friday

The allotment of IPO equity shares of Kalika Micro Credit Development Bank Limited and Sanima Mai Hydropower Limited will take place this week.

NEPSE to 555.66 levels, Eight months high.

Breaching passed the resistance of 552 levels, the Nepse index today rallied its way up to the level of eight months high.

The market index today came to add 4 points to its tally, pushing the benchmark index to the 555.66 levels.

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.

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.

NCM Mutual Fund finally pays back handsome return to its unit holders

NCM Mutual Fund-2059 has become the one of the first mutual fund schemes in the country to provide a handsome return on investment to investors who had put their money in the fund.

The closed end 10 years mutual fund scheme was managed by NIDC Capital Markets.

NCM had announced to pay out to the investors a partial amount of Rs 25 on Baisakh 10, 2070. Finally, the fund published a notice saying that it will start paying out the remaining Rs 10 to the investors from Asar 28, Friday, following the sale of all of its assets.