NEPSE Closed Today for Happy Holi 2018 !

CLOSED:

Nepal Stock Exchange (NEPSE) Trading Market will remain closed for today Thursday 1st March 2018 (17th Falgun 2074) on occasion of Happy Holi Festival (Fagu Purnima) 2018. 

Regular trading will resume from Sunday 4th March 2018 (20th Falgun 2074) at the usual 11:00 AM. Nepal Stock News wishes all the investors, shareholders and interested viewers, readers and other well wishers a very happy HOLI and enjoy this wonderful festival of colour.

Read More: होली पर्व र यसको महत्व (फोटो फिचर) »

StockNewsNepal: Thursday 1st March 2018.

LBBL 10% Right Share Issue Deadline Extended ! Don't Miss Again !!

RIGHT SHARE:

Lumbini Bikas Bank Ltd. (LBBL) has just extended its deadline to apply for its 10:1 (10%) right share issue to its shareholders by additional 1 week (7 days) till next Wednesday 7th March 2018 (23rd Falgun 2074). Otherwise, it was ending today Wednesday 28th February 2018 (16th Falgun 2074). The right share issue has previously been open for 35 days starting from Thursday 25th January 2018 (11th Magh 2074).

The book closure date for the right share issue was set on Friday 5th January 2018 (21st Paush 2074). That means, only those shares registered one trading day ahead of the book closure date, i.e., till Thursday 4th December 2017 (20th Paush 2074) are eligible to apply for the right shares. The bank is issuing more than 2 million units of right shares.

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Prime Life Insurance (PLIC) Issuing 160% Right Shares from March 11; Last Day Today To Secure !

RIGHT

Prime Life Insurance Company Limited (PLIC) is issuing 1:1.6 (160%) right shares equivalent to 9,763,200 units worth Rs 976.3 million (Rs 97.63 crores) to its existing shareholders at a face value of Rs 100 per share for 35 days starting from Sunday 11th March 2018 (27th Falgun 2074) till Sunday 15th April 2018 (2nd Baishakh 2075).

The book closure date for this right issue is on Thursday 1st March 2018 (17th Falgun 2074). That means, only the shareholders registered one trading day ahead of this book closure date, i.e., Wednesday 28th February 2018 (16th Falgun 2074) are eligible to apply for the right shares.

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Aarambha Microfinance Issuing IPO Shares From Today, When, Where, How Much and How to Apply?

IPO

Aarambha Microfinance Bittiya Sanstha Limited (AMBSL) is issuing its Initial Public Offering (IPO) of 2,94,000 unit shares Rs 29.4 million (Rs 2.94 crores) at the face value rate Rs 100 per unit, starting immediately from today Tuesday 27th February 2018 (15th Falgun 2074). The microfinance company endorsed its proposal to issue this IPO in its third annual general meeting (AGM) held on Saturday 4th November last year 2017 (18th Kartik 2074), and subsequently received its approval from Securities Board of Nepal (SEBON) on Thursday 4th January this year 2018 (20th Paush 2074).

The offering of the shares is open initially only for 4 trading days and will close on as early as next week Monday 5th March 2018 (21 Falgun 2074) if all shares are sold, else the closing date is extendible maximum up to Tuesday 29th Falgun 2074 (13th March 2018).

Interested investors must apply for a minimum of 50 units of this share and can apply a maximum of up to 1,000 units of the share. However, it is advisable to apply for only the minimum 50 units of the IPO share since mandatory allotment of only 10 units of share will be made to every applicant presumably by lottery system after its oversubscription.

DETAILS ? Check this out ! »

Forward Community Microfinance (FOWAD) endorsing 50% bonus & 15% cash dividend in its 5th AGM on Chaitra 4 !

Forward Community Microfinance Bittiya Sanstha Limited (FOWAD) will be convening its 5th Annual General Meeting (AGM) on Chaitra 4, 2074. The AGM is going to be held at FOWAD head office, Duhabi, Sunsari at 11:00 AM.

ANALYSIS DOWNLOAD PDF LINK

The main agendas of the AGM are:

• To endorse 50% bonus shares and 15% cash dividend from the net profit of Rs 25.06 crore it had earned in the FY 2073/74.
• To conduct election of Board of Directors (BOD).
• To increase authorized, issued and paid up capital of the company.
• To amend the Memorandum of Association (MOA) and Articles of Association (AOA).

Other agendas of the AGM are major financial highlights of the FY 2073/74 and appointment of auditor for the FY 2074/75.

The book closure date for the AGM has been set on Falgun 17 to Chaitra 4, 2074. Thus, only those shareholders holding shares till Falgun 16, 2074 i.e. one day ahead of the book closure date are eligible to participate in the AGM and proposed dividend.

Its paid up capital will reach to Rs 30 crore from existing Rs 20 crore after distribution of 50% bonus shares.

It had posted net profit of Rs 14.54 crore in the second quarter of the FY 2074/75.

Its LTP stood at Rs 3,311 as of last trading day.

See the AGM Notice here

National Life Insurance (NLICL): Company Analysis !

National Life Insurance Company (NLICL) has stated rise in net profit by whooping 100.94%in the second quarter of the FY 2074/75.

ANALYSIS DOWNLOAD PDF LINK

As per the unaudited report of the second quarter, the insurance company reported net profit of Rs 17.08 crore in the Q2 of the fiscal year 2074/75, up from Rs 8.50 crore of the corresponding fiscal year.

The company’s earnings from premium have rose to Rs 2.45 arba from the corresponding year’s Rs 2 arba. The company’s insurance fund stands at Rs 19.26 arba which was Rs 15.78 arba in the corresponding quarter of the last fiscal year.

The paid up capital of the insurance company is Rs 1.65 arba with Rs 39.20 crore in the reserve. Currently, National Life Insurance is seeking approval from Securities Board of Nepal (SEBON) for the issuance of 10:6 (60%) right shares. After the issuance of 60% right share, its paid up capital will reach Rs 2.64 arba and met the capital requirement of Rs 2 arba as per Insurance Board.

Q2 Report

Lumbini Bikas Bank (LBBL) 10% Right Share Issue Offer Ending Falgun 16 !

Lumbini Bikas Bank Limited (LBBL) has been offering its 20,08,878.47 units right share to its shareholders in the ratio 10:1 (10%) since Magh 11, 2074. The right issue that has now been open for almost 35 days is closing soon on Falgun 16, 2074.

NOTICE DOWNLOAD LINK

The book closure date was set on Poush 21, 2074. Only those shareholders that have shares traded ahead of the book closure date, i.e. till Poush 20, 2074 i.e. one day ahead of the book closure date are eligible to for right shares.

Prabhu Capital Limited has been assigned as the issue manager for right share issue.

Interested applicants can collect application forms from Prabhu Capital Limited, Lazimpat, Kathmandu and also from designated branches of LBBL and Prabhu Bank Limited.

Securities Board of Nepal (SEBON) had given final approval to issue 10:1 (10%) right shares of Lumbini Bikas Bank Limited (LBBL) on Poush 13, 2074.

Its current paid up capital stands at Rs 2.01 arba. After adjustment of 10% right shares, it will reach to Rs 2.21 arba. To meet the capital requirement of Rs 2.50 arba, it should further hike its capital by Rs 29 crore (around 13%).

It had earned Rs 14.37 crore in the second quarter of the FY 2074/75.

Its LTP stood at Rs 163 as of last trading day today.

Offer Letter:

Source: ShareSansar

BPCL FPO Issue Close Notice - Only 2 Days Left!

Butwal Power Company Limited (BPCL) is closing 40,81,000 units shares worth Rs 2.04 arba as part of its Further Public Offering (FPO) on Falgun 15, 2074. The FPO is being issued at Rs 501 per unit (Rs 401 premium added to the par value of Rs 100).

NOTICE DOWNLOAD LINK

The FPO applications was open from Magh 15, 2074.

As per the last data received from NMB Capital, around 1.38 arba from 83,000 applicants has been collected. Around 32% of the total issue are still unsubscribed.

Interested people must apply for a minimum of 10 units of shares and they can apply for up to 20,400 units shares.

NMB Capital Limited is the issue manager for the FPO and Laxmi Capital is the co-issue manager.

Interested applicants can collect ASBA forms from all ASBA-approved banks around Nepal as Securities Board of Nepal (SEBON) has made ASBA application mandatory from Shrawan 2074.

After the FPO, its paid up capital will reach Rs 2.21 arba and its reserve will grow by Rs 1.50 arba.

BPCL aims to use the amount collected from the FPO to develop 37.6 MW Kabeli-A Hydropower Project and 30 MW Ngadi Hydropower project. BPCL has 54% stake in Kabeli Energy Limited and 97% stake in Ngadi Hydropower Project.

It had earned net profit of Rs 59.92 crore in the second quarter of the FY 2074/75.

Its LTP stood at Rs 545 as of last trading day.

See the list of ASBA member BFIs

Click here to see offer letter

The debate on the FPO issuance of Butwal Power Company and its current market trend! Know more about BPCL!

Source: ShareSansar, February 25, 2018

Broker 7 Transfers 1,85,000 PRVU Shares Worth Rs 4,14,40,000/- ?

UNUSUAL TRADE

Broker number 7 sells and buys self 1,85,000 unit Prabhu Bank (PRVU) shares worth of Rs 4,14,40,000/- today share market. 

What does this mean ? Can you say something on this? Large amount, big volume, enormous amount in crores??

Is this how the trade volume is raised?

RBCL Proposes Attractive Bonus 120%, Check Out?

BONUS

Rastriya Beema Company Limited (RBCL) has just proposed to distribute its shareholders an attractive single lump sum of 120% bonus shares for 6 fiscal years altogether at once. The executive committee meeting held on this Thursday has proposed to distribute the said amount of bonus share to its shareholders from the net profit made in the fiscal year 2068/069.

The company is preparing to distribute the bonus share for 6 fiscal years 2063/064, 2064/065, 2065/066, 2066/067, 2067/068 and 2068/069 together. RBCL has already conducted its annual general meeting (AGM) till the fiscal year 2062/63 lately just last year.

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GRDBL 400% Right Share Deadline Extended ! Don't Miss !!

RIGHT SHARE:

Green Development Bank Ltd. (GRDBL) has just extended its deadline to apply for its 1:4 (400%) right share issue to its shareholders by additional 2 weeks (15 days) till Wednesday 7th March 2018 (23rd Falgun 2074). Otherwise, it was ending tomorrow Tuesday 20th February 2018 (8th Falgun 2074). The right share issue previously open for 35 days starting from Monday 16th January 2018 (2nd Magh 2074).

The book closure date for the right share issue was set on Monday 1st January 2018 (17th Paush 2074). That means, only those shares registered one trading day ahead of the book closure date, i.e., till Sunday 31st December 2017 (16th Paush 2074) are eligible to apply for the right shares. The bank is issuing 4 million units of right shares

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CBIL Closes Today Public Issue of Citizens Mutual Fund !

MUTUAL FUND

CBIL Capital closes today, Thursday Falgun 3, 2074 its public issue of Citizen Mutual Fund-1 of 10 crore unit shares worth Rs 1 arba; big opportunity for layman investors to enter in stock market. The offer was open from Magh 2, 2074. The mutual fund is issuing a total of 10 crore unit of ordinary shares worth Rs 1 arba at face value of Rs 10 per unit.

Securities Board of Nepal (SEBON) had provided final nod to the public issue of Citizens Mutual Fund on Poush 18, 2074. Interested people must apply for a minimum of 100 units of share and they can apply for up to 20,00,000 unit of shares. Interested applicants can apply through ASBA-approved banks from all 77 districts across the country.

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