Check the LINK below to navigate to ALL 22 INSURANCE (5 LIFE & 15 NON-LIFE) COMPANIES OF NEPAL for their direct web pages for details of information on financial analysis, statements, structure, notice, announcements, right shares, etc...
Wednesday, May 30, 2018
Monday, May 28, 2018
Gateway to All Commercial Banks of Nepal !
Check the LINK below to navigate to ALL 28 COMMERCIAL BANKS OF NEPAL for their direct web pages for details of information on financial analysis, statements, structure, notice, announcements, right shares, etc...
Tuesday, May 22, 2018
IPO Analysis of Rairang Hydropower Development Company Ltd.
Company Overview:
Registered as a private limited company in 2nd Baisakh 2059 and then transformed into a public company in 20th Baisakh 2071, Rairang hydropower has its registered office in Kathmandu-11, Thapathali. This company has the hydropower centre in Panchthar district of Mechi zone.
The company has 500 KW Rairang Hydropower Project, 9900 KW Ewakhola hydropower project under its umbrella. The company took a loan of 104 crores for the construction of Ewakhola project, on Falgun 2071.
The main purpose of the initial public issue (IPO) is to manage the fund for the 9.9 MW Ewakhola project.
Rairang Hydropower IPO Allotment Just Done! Stay Updated with NepalStockNews for Your Result !!
IPO RESULT
The IPO allotment of Rairang Hydropower Development Company Ltd. is finally done for today morning at around 8:30 AM, Wednesday 22rd May 2018 within the premises of its office as per the officials of NIBL ACE Capital Ltd., its issue manager. Since the IPO was oversubscribed by more than 18 times, the allotment was done by lottery system and more than 91,000 didn't get the IPO share. The lucky ones to get 10 unit IPO shares are 76,440 (43.56%) applicants.
The IPO allotment of Rairang Hydropower Development Company Ltd. is finally done for today morning at around 8:30 AM, Wednesday 22rd May 2018 within the premises of its office as per the officials of NIBL ACE Capital Ltd., its issue manager. Since the IPO was oversubscribed by more than 18 times, the allotment was done by lottery system and more than 91,000 didn't get the IPO share. The lucky ones to get 10 unit IPO shares are 76,440 (43.56%) applicants.
The IPO was issued for 4 days starting from Monday 14th May 2018 and ending on Thursday 17th May 2018. The company floated 8.4 lakh unit shares at a face value of Rs 100. The allotment is delayed to 5 working days due to problems with C-ASBA software. That is beyond expected time since previously allotment of Arambha Microfinance IPO share was possible in 37 hours after the closure.
Saturday, May 19, 2018
Rairang Hydropower IPO Allotment by Lottery, Oversubscribed by 18.03 Times !
Rairang Hydropower Development Company Ltd. (RAIRANG) has collected nearly Rs 1,38,10,43,000 from the initial public offering (IPO) issue. This is 18.08 times the amount of unit shares offered to the general public. There are 1,77,386 applicants that had applied for the IPO. This is 1,00,986 times more than those getting the IPO. Due to oversubscription, the allotment will for sure go into the lottery system and only 76,400 lucky applicants will be allotted 10 unit shares.
Rairang had floated this IPO of 8,40,000 unit shares at the face value of Rs 100 per unit share. Of these, 33,600 (4%) unit shares had been set aside for the employees and 42,000 (5%) unit shares for the mutual funds. The remaining 7,64,400 (91%) unit shares were offered for the general public. The IPO issued amount was 15% of the total capital. NIBL ACE Capital had been appointed as the issue manager for the issue.
Monday, May 7, 2018
Rising Interest Expense Slows Down BFIs Net Profit Growth? See Which Commercial Bank Was Least Affected !
Analyzing the third quarter (Q3) report, we came to know the industrial growth of listed commercial banks have slowed down to 12% this year. The same was above 20% in the previous years. The logic for this is simple, the growth rate of expenses has exceeded the growth rate of income and as a result the net profit growth has decreased its pace.
Reviewing the expense side of profit and loss in commercial bank’s balance sheet, one can easily notice the tremendous growth of interest expense. The unhealthy competition between banks and financial institutions (BFIs) to attract the deposits has resulted in an enormous increase of interest expense. The average interest expense growth of commercial bank stood astounding 95% in last one year.
Sunday, May 6, 2018
Nepal Seva Laghubitta (NSLBSL) IPO Allotment Concludes, Check Your Result !
Nepal Seva Laghubitta Bittiya Sanstha Ltd (NSLBSL) has concluded allocation of its initial public offering (IPO) today Sunday 6th May 2018 (23rd Baishakh 2075) at the premises of NMB Capital, its issue manager in Nagpokhari, Naxal, Kathmandu. The microfinance has issued a total of 180,000 unit shares worth Rs 18 million at a face value of Rs 100 starting from Wednesday 25th till Sunday 29th April 2075. Out of the total 208,131 applicants applied for 13,756,990 unit shares, only 16,740 applicants (8%) have been allotted the mandatory 10 unit shares each through the lottery system as per the provisions in Securities Issue and Allotment Guidelines 2074. There are 84,445 applicants applying through Meroshare alone.
There were a total of 548 invalid applicants demanding 43,106 unit shares that were cancelled. Of these, 29 applications were from institutions and were rejected since institutional investors are not allowed to invest in IPO.
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