Chautari Laghubitta IPO Issue Deadline on Sunday- How is the Company and How Much to Apply ?

IPO:

Chautari Laghubitta Bittiya Sanstha Limited (CHAUTARI) Initial Public Offering (IPO) share issue is reaching its deadline today Sunday 9th December 2018 (23rd Mangsir 2075). The company has been issuing 600,000 unit shares worth Rs 60 million (Rs 6.0 crores) at the face value rate of Rs 100 per unit share, starting immediately from last Wednesday 5th December 2018 (19th Mangsir 2075).

NIBL Ace Capital Ltd. has been appointed as the issue and sales manager of the company. The microfinance company is already oversubscribed by about 22.25 times with an overwhelming public response, attracting over 202,369 applications worth Rs 1.25 billions (Rs 1.25 arabs) demanding 12,479,780 unit shares so far till the third day Friday 7th December 2018 (21st Mangsir 2075).

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Joshi Hydropower Issuing IPO Shares From Today - How is the Company and How Much to Apply ?

IPO

Joshi Hydropower Development Company Limited (JHDCL) is issuing its Initial Public Offering (IPO) of 16,90,470 unit shares worth more than Rs 169 million (Rs 16.90 crores) at the face value rate of Rs 100 per unit share, starting immediately from today Sunday 2nd December 2018 (16th Mangsir 2075). The hydropower company received its approval approval for its IPO issue from Securities Board of Nepal (SEBON) on Thursday 5th November this year 2018 (19th Kartik 2075).

The offering of the shares is open initially only for 4 trading days and will close on as early as this Wednesday 5th December 2018 (19th Mangsir 2075) if all shares are sold, else the closing date is extendible maximum up to Monday 31st December 2018 (16th Paush 2075).

Interested investors must apply for a minimum of 50 unit shares and can apply a maximum of up to 800,000 unit shares. However, it is advisable to apply for only the minimum 50 unit IPO share since mandatory allotment of only 10 units of share will be made to every applicant presumably by lottery system after its oversubscription.

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RBCL with 120% Bonus Proposal, Check out its Fundamental and Technical Analysis !

COMPANY ANALYSIS

Rastriya Beema Company Limited (RBCL) soars in its net profit by 42.39% in the second quarter (Q2) of the ongoing fiscal year (FY) 2074/75. There is a net profit of Rs 372.5 millions (Rs 37.25 crores) in Q2 of the FY 2074/75, up from Rs 261.6 millions (Rs 26.16 crores) in the corresponding quarter (Q2) of the FY 2073/74.

While its income from net premium has also increased from Rs 106.2 millions (Rs 10.62 crores) to Rs 128.8 millions (Rs 12.88 crores) at the end of Q2 this year, its income from reinsurance commission has decreased to Rs 13.8 millions (Rs 1.38 crores).

It has Rs 1.98 billions (Rs 1.98 arbas) in reserve whereas insurance fund amounts to Rs 1.26 billions (Rs 1.26 arbas). Its paid up capital stands at Rs 266.6 millions (Rs 26.66 crores) as taken from NEPSE. Thus, RBCL must hike its capital by Rs 733.4 millions (Rs 73.34 crores) that is  around 275% to meet the capital requirement of Rs 1 billion (Rs 1 arba).

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