Hurry Up, Today Wednesday Last Day to Apply for IPO of NADEP Laghubitta !

IPO ISSUE:

Today, Wednesday, is the last day to apply for the initial public offering (IPO) of NADEP Laghubitta Bittiya Sanstha Ltd. (NADEP).

The company is floating 4,80,000 units at a face value of Rs 100 per unit share. However, 24,000 unit shares (5%) has been set aside for company's employees whereas the other 24,000 unit shares (5%) has been set aside for mutual funds. A total of 4,32,000 unit shares  (90%) are available for the general public.

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Is it Worth Applying for NMB Bank FPO??? How Much to Invest?

FPO Analysis:

In the due course of expanding the paid-up capital, 21st AGM of NMB Bank had endorsed the agenda of capital increment through FPO. Later the Board meeting of the company held on Paush 24, 2073 decided to issue 1,14,15,163 units shares at a premium price. The issuance of shares through FPO would not only increase the capital and collect reserves but also dilute the promoter shareholding to 51%.

NMB Bank had previously issued FPO to its Joint Venture Partner (FMO Netherland) at Rs 250.

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IPO Analysis of Rairang Hydropower Development Company Ltd.

IPO ANALYSIS

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.

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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.

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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).

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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.

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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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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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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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