Madhya Bhotekoshi Hydropower IPO Issue Deadline, Check Eligibility and Sample C-ASBA Form !

IPO:

Madhya Bhotekoshi Hydropower Company (MBKHPL) first phase IPO issue application for for the members registered with Employees Provident Fund (EPF) is reaching its deadline. The issue was open starting from 28th Kartik lasting till 14th Mangsir, 2075. Members registered under EPF can apply for a minimum of 50 units and maximum of 500 units.

In the second phase of the issue, employees of the Promoter shareholding companies, employees of the lending institute and employees of EPF can apply for a stake in the hydropower project. The second phase of the issue will start from 19th Mangsir, 2075 and last till 26th Mangsir, 2075. 27 Lakh units of IPO will be available in the second phase of the issue. Employees of the promoter Shareholding Company and lending institute can apply for minimum 50 units and maximum 500 units while employees of EPF can apply for minimum of 50 units and maximum 1200 units.

Global IME Capital has been appointed as the issue manager while NIBL Ace Capital, Prabhu Capital, Laxmi Capital, Sanima Capital, Civil Capital and CBIL Capital have be appointed as other co-issue managers.

The authorized capital of the company is Rs. 6.21 Arba while the issued capital is Rs.6 arba. After the completion of the issue, promoter shareholder will be holding 51% stake (3.06 Crore units) in the company, employees registered with EPF will hold 19.5% (1.17 Crore units), employees of promoter shareholding companies will hold 3.5% stake (21 Lakh units) and employees of the lending institute will hold 1% (6 Lakh units).

The hydropower company is issuing a total of 1.44 Crore units to the above mentioned employees. The interested applicants can apply using C-ASBA service by physically attending the bank of demat in person for completing a form in hand with C-ASBA registration number to hold the amount for the number of unit shares applied.

Check the links below to ensure your Application Eligibility and Other Details:

Check HERE:

Check the link below to read/download the C-ASBA FORM SAMPLE:

DOWNLOAD LINK

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.

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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.

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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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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

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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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.

Check Here »