Rasuwagadhi and Sanjen IPO Allotments Concluded Today Sunday Afternoon !

IPO RESULTS

The issue managers of Rasuwagadhi Hydropower and Sanjen Hydropower are allocating recently issued initial public offering (IPO) of both companies on Sunday afternoon.

The companies issued IPO to depositors of Employees Provident Fund (EPF) from February 23 to March 14 and to employees of promoter companies (Nepal Electricity Authority, Chilime Hydropower Company and employees of local bodies of Rasuwa District) and employees of lending institution (Employees Provident Fund) from March 19 to 27.

Rasuwagadhi Hydropower

In the first stage, Rasuwagadhi Hydropower issued 13,342,095 units of IPO to depositors of EPF. The issue was oversubscribed to 67.5 million units of shares worth Rs 6.75 billion from more than 200,000 applicants.

Similarly, in the second stage, the hydropower issued 2,394,735 to employees of promoter companies and 684,210 to employees of EPF. A total of 8,986 Employees of promoter companies have applied for 4,393,730 units of shares worth Rs 439.3 million while 585 employees of EPF have applied for 738,850 units of shares worth Rs 73.8 million.

Check RESULTS »

Bearish Market Effect on Mutual Funds NAV !

MUTUAL FUNDS

The financial reports of the mutual funds operating in the market are also been affected by the bearish trend in the country's sole stock market. Out of the 12 mutual funds operating in the market till mid-March, Net Asset Value (NAV) of 5 mutual fund schemes has declined below Rs 10 while NAV of 7 mutual funds is above Rs 10.

Based on the market price of March 28, the market prices of 7 mutual funds have decreased below the issued price of Rs 10. The market price of only 5 mutual funds is above Rs 10.

Read MORE »

Butwal Power (BPCL) FPO Allotment Concludes, Check Your Result !

FPO ALLOTMENT

Butwal Power Company Limited (BPCL) has allocated 4.1 million units of further public offering (FPO) this morning at 9:00 AM today Wednesday 28th March 2018 (14th Chaitra 2074) at the company premises in Buddhanagar, Kathmandu. According to its issue manager, NMB Capital Limited, a total of 85,614 applicants had applied for 2,902,276 unit shares. Of which a total of 84,804 applicants have been allotted 2,859,170 unit shares. Allottees were issued a minimum of 10 units and a maximum of 20,400 unit shares.

There were a total of 758 invalid applicants demanding 43,106 unit shares that were cancelled. Of these, 52 applicants who had applied from 21,320 unit shares were rejected for double applications, 677 applicants were rejected for wrong DMAT account numbers,  and 29 applications were rejected for uneven number of unit shares demand. Laxmi Capital Market Limited was the co-issue manager for the FPO.

Check Here for RESULTS »

Butwal Power (BPCL) FPO Allotment Today, Wednesday !

FPO ALLOTMENT

Butwal Power Company Limited (BPCL) is allocating its much talked further public offering (FPO) today Wednesday 27th March 2018 (14th Chaitra 2074). The company had floated 4.081 million (40.8 lakhs) unit shares worth Rs 2.04 billion (Rs 2.04 arbas) at a face value of Rs 100 at a premium of Rs 401 about two months ago starting from Monday 29th January 208 (15th Magh 2074) to Friday 2nd February 2018 (19th Magh 2018) for 5 days.

Subsequently, the company had then called up for institutional investors for the issues from Friday 9th February 2018 (26th Magh 2074), but 1.169 million (11.69 lakhs) unit shares still remained unsubscribed for despite the deadline extension to allow the promoter investors to participate in the issuance and thus, the underwriter companies had to purchase the remaining unsubscribed unit shares.

NMB Capital Limited is the issue manager this FPO that was floated for Rs 501 per unit share. The power company has earned Rs 5.992 million (Rs 59.92 crores) in the second quarter (Q2) of the current fiscal year. Its paid up capital stands at Rs 1.81 billion (Rs 1.81 arbas). Recently, the continuous bearish trend in the capital market has decreased charm of public issues. At present, the market price of the stock is at Rs 468 as per the last trading yesterday Tuesday.

Check Here for DETAILS »

Top Blue Chip Commercial Banks - Best Buy by Rating Wise Analysis !

BLUE CHIP BANKS

Nepal Stock Exchange (NEPSE) has been continuously tanking points for quite some time. In such bearish trend, there are some analyst asserting it to be the prime time to invest in the secondary market, while some feel their cash safe at bank. Whatever the speculation, there are still some scrips who are in better position than the other.

Out of 28 listed commercial banks, scripts of 26 banks are tradable. The shares of Rastriya Banijya Bank (RBB) isn’t traded and the shares of Mega Bank is on hold since last one year because of the ongoing merger. Similarly even among the 26, only 6 banks’ prices are above Rs. 500. To list them down in descending order of market price per share (LTP on Chaitra 8, 2074) are Nabil Bank Limited (NABIL), Standard Chartered Bank Limited (SCB), Everest Bank Limited (EBL), Nepal Investment Bank Limited (NIB), Himalayan Bank Limited (HBL) and Nepal SBI Bank Limited (SBI).

Read MORE »

Commercial Banks Prospective Earning per Share (EPS) After Paid Up Capitalization !

COMMERCIAL BANKS

The current banking industry’s scenario is no different from a battlefield. While one side of the warriors is focused to retain their weapons (customers), the other side is trying to build a competitive advantage utilizing the opponent’s weakness (lower deposit rate). The general public has seen the current context of banking industry as a fight for survival. However, seeing things from different perspective, it actually resembles that all commercial banks will finally come to the same level given the similar range of paid up capital. The dominant market players in banking industry will be identified in the near future on the basis of net profit, deposit collection and loan portfolio.

The investors in secondary market are inquisitive on “which commercial banks will lead in the secondary market?” The precise answer to the stated question might not be pictured by all the investors instantly because nine of the commercial banks are yet to meet the paid up capital requirement. However, these nine commercial banks have already provided clues regarding their capital plan. Those banks that were sort of paid up capital have either used merger and acquisition approach or have utilized reserve fund to meet the paid up capital requirement. With the approaching deadline, banks are left with the alternatives of bonus share and right share to set the mark of Rs 8 arba in the first row of their balance sheets.

Read MORE »

NIC Asia Growth Fund (NICAGF) Allotment Concludes, Check Your Result !

MUTUAL FUND

NIC Asia Growth Fund (NICAGF) has concluded its public issue allotment this Tuesday 13th March 2018 (29th Falgun 2074).

The growth fund of 100 million (10 crores) units worth Rs 1 billion (Rs 1 arba) at face value 10 each was issued to the general public starting from Tuesday 16th January (2nd Magh 2074) initially for a week to Monday 22nd January (8th Magh 2074) at the earliest and then later extended to another 2 weeks to Sunday 4th February 2018 (21st Magh 2074) as per the offer letter to the maximum and then further once again extended up until Sunday 25th February 2018 (13th Falgun 2074) as the fund size of Rs 1 billion had still not been fully subscribed.

According to NIC Asia Capital Limited, the issue and fund manager of the NIC Asia Mutual Fund, out of the total Rs 1 billion worth unit shares issued, there were only 68.52 applications from the public of which 21 applications were cancelled due to due to reasons such as double applications and/or applications for less than specified units; 16 being double and 5 being applications for less than 100 units. Rest all applicants were allotted unit shares as per their demand. In this way, the size of the fund totals Rs 835.2 billion including Rs 150 billion worth unit shares set aside for NIC Asia Bank and NIC Asia Capital.

Securities Board of Nepal (SEBON) provided final nod to the public issue of NIC Asia Growth Fund on Poush 11, 2074. Interested people had the provision to apply for a mandatory minimum of 100 unit shares to a maximum of up to 20,00,000 unit shares through ASBA-approved banks from all 77 districts across the country.

NIC Asia Growth Fund is NIC Asia Capital’s first mutual fund scheme, and is a 7-years closed-end fund. The scheme is managed by NIC Asia Capital Limited with NIC Asia Bank Limited (NICA) as the fund sponsor. Under the current regulation, 1.50 crore units (15%) were reserved for NIC Asia Bank and NIC Asia Capital and the remaining 8.50 crore units  (85%) floated to the public.

NIC Asia Capital Limited is a 100% subsidiary of NIC Asia Bank licensed by SEBON to provide merchant banking, issue management and fund management services. Currently, there are 12 mutual fund schemes in the market, of which 11 are also listed in Nepal Stock Exchange, NIC Asia Growth Fund being the 3rd mutual fund scheme after Siddhartha Equity Fund that to get approval for public issue in the ongoing fiscal year 2074/75.

Check Here for RESULTS »

Aarambha Microfinance IPO Allotment Result in Less than 2 Days, Check Yours Now !

IPO RESULT

Aarambha Microfinance Bittiya Sanstha Limited (AMBSL) has concluded its allotment of 2,94,000 unit initial public offering (IPO) shares within 36 hours of closing of the issue amidst a press meet organized by CDS and Clearing Limited of the successful implementation of C-ASBA.

The IPO was issued to the public just a week ago starting from last Tuesday 27th February to this Monday 5th March 2018 (15th to 21st Falgun 2074). The allotment period has been reduced to a mere few days due to the full implementation of Centralized Applications Supported by Blocked Amount (C-ASBA) by Central Depository System, proving it a historical mark in the stock market of Nepal.

According to NIC Asia Capital Limited, the issue manager for the IPO of the microfinance, out of the total 1,88,048 IPO share applicants, only 27,048 applicants are allotted the mandatory 10 unit shares through the lottery system, leaving the remaining 1,61,000 empty handed.

Check Results Here»

Citizens Mutual Fund - 1 (CMF1) Allotment Concludes, Check Out !

MUTUAL FUND

Citizens Mutual Fund - 1 (CMF1) has concluded its public issue allotment yesterday Sunday 4th March 2018 (20th Falgun 2074). The mutual fund was issued to general public for about a month starting from Tuesday 16th January (2nd Magh 2074) to Wednesday 14th February 2018 (3rd Falgun 2074).

According to CBIL Capital Limited, the issue and fund manager of the Citizens Mutual Fund, out of the total 17,312 applicants, 17,277 applicants have been allotted with the units they have demanded and only 35 applicants have been found invalid due to reasons such as multiple applications and/or applications for less than 100 units.

Although Citizens Mutual Fund had floated its public issue of 10 crore unit shares worth Rs 1 arba at face value of Rs 10 per unit, the fund size was decreased to Rs 82 crore following undersubscription of the shares even though the deadline was extended twice.

Under the current regulation, 15% units i.e. 1.50 crore units were allotted to the sponsoring and promoting institutions, CZBIL and CBIL Capital and the remaining 85% units i.e. 6.7 crore units were allotted to the general public.

Citizen Mutual Fund is CBIL Capital’s first mutual fund scheme, and is a 7-years closed-end fund. The scheme will be managed by CBIL Capital Limited with Citizens Bank International Limited (CZBIL) as the fund sponsor.

Check Here for Invalid List »