How Much Units Ideal for Investing in BPCL’s upcoming FPO Opening from Monday!

BPCL FPO

Butwal Power Company Ltd., (BPCL)’s upcoming Further Public Offering (FPO) on Monday January 29th 2018 (Magh 15, 2074) has become the talk among the investing pioneers in Nepalese stock market. The company is issuing 40, 81,000 units share worth Rs 2.04 arba as FPO which will close on Friday February 19th 2018 (Magh 19, 2074). The 501 (per unit) rupees priced FPO (Rs 401 premium added to the par value of Rs 100) whose issue manager is NMB Capital Ltd. has been a major interest to most of the market players in the stock market. However, the question arises what is the optimum unit of shares to be applied by investors? Although BPCL has stated 10 units of shares as the minimum share units and 20,400 units as the maximum share units to be applied but is 10 units the optimum quantity for the upcoming FPO?

Given that the hydropower company has been floating 40,81,000 units share which is comparatively large in volume, therefore, it is likely that the number of applicants will also be high for the FPO. If we analyze the trend of past months of IPO/FPO issuance, we can draw that the applicants will be in the range of 1.5 lakhs to 2 lakhs for the upcoming FPO. For instance, several IPO/FPO issuances of companies such as Unnati Microfinance Bittiya Sanstha Limited (UNNATI), Radhi Bidhut Company Limited (RADHIB), Support Microfinance (SUPPORT), Nepal Hydro Developer Limited (NHDL), Himalayan Power Partner Limited (HPPL), Premier Insurance Company Limited (PIC) and Nepal Grameen Bikas Bank Limited (NGBBL) had total number of applicants above 1 lakh 50 thousand and below 3 lakhs. The details of which are attached below:

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Didn't Your Bonus Share Still Show up into Your Demat Account ? Have You Paid Taxes? How do You Know? Check Here for Details !

BONUS SHARE TAX

Have you yet not received in your Demat account till date your bonus shares, that were distributed by banks in the fiscal financial year 2072/073 ? If so, have you purchased shares of the following 13 banks at certain dates ? If you are entitled to receive such bonus shares since you purchased those shares in the specified date, then you are also responsible for the levied tax payment deposition into the respective bank accounts. Unless you pay them, you won't receive the bonus shares of these 13 companies.

Out of the total listed companies, annual general meeting (AGM) of 13 companies didn't approve cash dividend for tax purpose levied on bonus distribution in the FY 2072/73. Due to which, shareholders of all these 13 companies including 3 commercial banks and 10 development banks till date have not yet received their bonus shares in their Demat accounts and the respective banks have already issued their notice to pay the levied tax amount in their bank accounts. Check out which banks are they and how much their bonus share tax are and what their purchase dates are. which amount of those backs and how much taxes should be paid on which bank's bonus, since purchasing shares till date.

Among these 13 companies, three commercial banks including Sunrise, Bank (SRBL), Global IME Bank (GBIME) and Century Commercial Bank (CCBL) have recently notified their shareholders to pay the taxes through a notice. Similarly, 10 development banks including Kailash Bikas Bank (KBBL), Muktinath Bikas Bank (MNBBL), Kamana Bank (KMBL) Jyoti Bikas Bank (JBBL), Garima Bikas Bank (GBBL), Dev Bikas Bank (DBBL), Hamro Bikas Bank (HAMRO), Om Development Bank (ODBL) and Fewa-Gandaki Bikas Bank (FBBL) and Mahalaxmi Bikas Bank (MLBL) prior to merger have also issued a notice to their shareholders to pay taxes.

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CBIL Extends Deadline of Citizens Mutual Fund

MUTUAL FUND

CBIL Capital (CBIL) a subsidiary company of Citizens Bank international (CZBIL) has extended application deadline of Citizens Mutual Fund.

According to the CBIL, the fund that has seven years of maturity time will yield 22.5 percent annual return. Citizens Mutual Fund is the first mutual fund of CBIL Capital. The accumulated fund will be invested in the stock market.

After the extension, the interested investors can apply for the fund till January 31.

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Not To Miss Current TEN Right Shares of These Companies !!! (Eligibility Check Links for Each Attached)

Right Share Eligibility Links

Following are TEN various companies; banks, insurances and finances, whose right shares have currently been open for shareholders to secure in time. Of them, SADBL, PICL and CFCL now have only 4, 4 and 10 banking days respectively; and hence secure immediately as early as possible, and then others in coming days.

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Radhi Bidyut Company Limited (RBCLL) IPO Result, Check if You're Lucky!

Radhi Bidyut Company Limited (RBCLL) has allocated its 7,64,550 units Initial Public Offering (IPO) shares worth Rs 76.4 million (Rs. 7.64 crores) today Wednesday morning inside Nabil Investment Banking premises in Naxal, Kathmandu at 9:00 AM. According to Nabil Investment Banking Limited, the issue manager of the IPO, out of 1,64,990 valid applicants, only 71,102 applicants were provided a minimum of 10 unit mandatory shares through the lottery system and one lucky applicant was allotted with 11 unit shares.

Of the total 1,66,317 applications, 1,327 were canceled due to double application, mistakes in Demat account number and application made for more or less than mentioned kitta. Nearly 95,214 applicants were unable to receive the IPO. Also, mutual funds were allotted with 38,228 unit (5%) shares and staffs of the company were allotted with 15,291 unit (2%) shares. The remaining 711,031 units (93%) were issued to the general public.

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Siddhartha Investment Growth Scheme-1 (SIGS1) Auction Shares and The Latest Auction Trend

With the expiry of the mutual fund dated 24th December 2017, Siddhartha Investment Growth Scheme-1 (SIGS1) has to clear all his stocks. Recently, they came up with an auction of 24 companies starting from 10th January 2018 to 16th January 2018.

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Siddhartha Investment Growth Scheme-1 (SIGS1) Auction Shares and The Latest Auction Trend