Janautthan Samudayik (JSLBB) Right Share Listed !

BOOK CLOSE:

Nepal Stock Exchange (NEPSE) has listed 2,88,000 unit right shares of Janautthan Samudayik Laghubitta Bikas Bank Ltd (JSLBB).

JSLBB had issued 1:1 right shares i.e. 2,88,000 unit right shares to its shareholders from Shrawan 15, 2076. A total of 2,88,000 unit right shares has been listed in NEPSE for trading.

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Life Insurance Co, Nepal (LICN) Bonus Share Listed !

BONUS LISTED:

Nepal Stock Exchange (NEPSE) lists 51,51,612 units of bonus shares of Life Insurance Corporation Nepal Limited (LICN).

LICN had distributed 34.46% bonus shares from the profit of FY 2074/75. A total of 51,51,612 Bonus Shares has been listed in NEPSE for trading.

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National Microfinance (NMFBS) calls AGM for Dividend !

BOOK CLOSE:

National Microfinance Bittiya Sanstha Ltd. (NMFBS) has announced Book Close of Annual General meeting (AGM).

The book will be close on 16 Mangsir 2076. Only the shareholders who get registered in the book within 15 Mangsir 2076 or one day ahead of book close will be eligible to participate in AGM.

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Swarojgar Laghubitta (SLBBL) announces Book Close and AGM !

BOOK CLOSE:

Swarojgar Laghubitta Bittiya Sanstha (SLBBL) has announced its Book Close and calls its Annual General meeting (AGM).

The book close will be on 15 Mangsir 2076. Only the shareholders who get registered in the book within 14 Mangsir 2076 or one day ahead of the book close will be eligible to participate in AGM.

The bank will convene 11th AGM on 28 Mangsir 2076 at Kayastha Banquet, Banepa, Kavrepalanchok, 10:30 AM.

The agendas of AGM are:

• to endorse 26.7520% or Rs. 7.20 crore bonus shares and 1.4080% or Rs.37.94 lakh cash dividend from the income of FY 2075/76
• to approve audited financial statement of FY 2075/76.
• to appoint statutory auditor for FY 2076/77
• to issue 100% right shares
• to go for merger and acquisition with appropriate bank and financial institutions; provided authority for BOD and signed MOU and assets and liabilities valuation through DDA.
• to amend MOA and AOA, etc

Currently, its paid up capital stands at Rs. 26.95 crore.

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Sana Kisan Bikas Laghubitta (SKBBL) announces Bonus Shares !

BONUS:

Sana Kisan Bikas Laghubitta Bittiya Sanstha Limited (SKBBL) has announced dividend for shareholders from the distributable profit of FY 2075/76.

The board meeting of the company held on 06 Mangsir 2076 has decided to distribute 27.25% bonus share and 1.434% cash dividend for tax purpose.

The decision should be approved by Nepal Rastra Bank (NRB) and Annual general meeting (AGM).

Its paid up capital stands at Rs.78.60 crore.

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Nepal Agro Laghubitta IPO Allotment Result - Only 4.8% Applicants Allotted 10 Share Units !

IPO ALLOTMENT:

Nepal Agro Laghubitta Bittiya Sanstha Ltd (NALBSL) has successfully concluded its initial public offering (IPO) on Tuesday morning after 09:00 AM today, 30th April 2019 (17th Baishakh 2076) in the premises of Nepal SBI Merchant Banking Ltd., its issue manager. The microfinance company had floated 161,778 unit ordinary shares worth Rs 16.18 million (Rs 1.618 crores) at a face value of Rs 100 each to the general public, for four working days, starting from Sunday 21th April 2019 (8th Baishakh 2076) to Wednesday 24th April 2019 (11th Baishakh 2076) just a week ago last month.

The issue had received 315,630 applications for 6,402,330 unit shares with an overwhelming 42.24 times oversubscription, of which 705 applications for 14,200 unit shares were invalid due to errors and of the remaining 314,925 valid applications for 6,388,925 unit shares, only 15,120 (4.8%) lucky ones were allotted 10 unit shares each by lottery on pro rata basis, thus leaving a larger of 299,805 (95.2%) applications empty handed.

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Himalaya Urja IPO Allotment Result - 66,950 Lucky Applicants Allotted Maximum 20 Unit Shares Each !

IPO ALLOTMENT:

Himalaya Urja Bikas Company Ltd. (HUBCL) has successfully concluded its initial public offering (IPO) on Tuesday afternoon at 1:00 PM today, 16th April 2019 (3rd Baishakh 2076) in Indreni Banquet, New Baneshwor, Kathmandu. The company had floated 1,485,000 unit shares worth Rs 148.5 million (Rs 14.85 lakhs) at a face value of Rs 100 each to the general public, for four working days, starting from Wednesday 3rd April 2019 (20th Chaitra 2075) to Monday 8th April 2019 (25th April 2075) just over a week ago.

According to Nabil Investment Banking Ltd., its issue manager, the issue had received 69,708 applications for 4,895,850 total unit shares with 3.58 times oversubscription, of which 38 applications for 2,800 unit shares were deemed invalid due to errors and of the remaining 69,670 valid applications for 48,93,050 unit shares, all were allotted 10 mandatory unit shares each initially and the remaining unit shares were then allotted again to 66,950 lucky applicants through lottery system an additional 10 unit shares each, on pro rata basis so that 66,950 (96.1%) of the valid applicants have been lucky enough to be allotted with a maximum of 20 unit shares and 2,720 (3.9%) with a minimum of 10 only, thus leaving none empty handed.

Check the DETAILS HERE: