Trishuli IPO Allotment Result - 50,267 Lucky Applicants Allotted Maximum 30 Unit Shares Each !

IPO ALLOTMENT:

Trishuli Jal Vidhyut Company Ltd. (TJVCL) has successfully concluded its initial public offering (IPO) on Thursday morning at 1:00 PM today, 28th March 2019 (14th Chaitra 2075) in the presence of honorable minister Mr. Barsha Man Pun in the meeting hall of his Ministry of Energy, Water Resources and Immigration, Singha Durbar, Kathmandu. The company had floated 3,705,000 unit ordinary shares worth Rs 370.5 million (Rs 37.05 crores) at a face value of Rs 100 each with an initial call amount Rs. 10 to the general public, for four working days, starting from Thursday 21st March 2019 (7th Chaitra 2075) till its early closing date Monday 25th March 2019 (11th Chaitra 2075) just this week.

As per its issue manager Global IME Capital Ltd., the issue had received 154,624 applications for 64,552,900 unit shares worth Rs 645.529 million (Rs 64.55 crores) with 18.61 times oversubscription, of which 67 applications were invalid due to errors and of the remaining 154,559 valid applications, all were allotted a minimum 20 unit shares each while only 50,267 lucky ones were allotted an additional 10 unit shares each by lottery on pro rata basis, thus 50,267 applicants allotted with a net maximum 30 unit shares each and 104,292 applicants a net minimum 20 unit shares each.

Check the DETAILS HERE:

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

BPCL FPO Issue Close Notice - Only 2 Days Left!

Butwal Power Company Limited (BPCL) is closing 40,81,000 units shares worth Rs 2.04 arba as part of its Further Public Offering (FPO) on Falgun 15, 2074. The FPO is being issued at Rs 501 per unit (Rs 401 premium added to the par value of Rs 100).

NOTICE DOWNLOAD LINK

The FPO applications was open from Magh 15, 2074.

As per the last data received from NMB Capital, around 1.38 arba from 83,000 applicants has been collected. Around 32% of the total issue are still unsubscribed.

Interested people must apply for a minimum of 10 units of shares and they can apply for up to 20,400 units shares.

NMB Capital Limited is the issue manager for the FPO and Laxmi Capital is the co-issue manager.

Interested applicants can collect ASBA forms from all ASBA-approved banks around Nepal as Securities Board of Nepal (SEBON) has made ASBA application mandatory from Shrawan 2074.

After the FPO, its paid up capital will reach Rs 2.21 arba and its reserve will grow by Rs 1.50 arba.

BPCL aims to use the amount collected from the FPO to develop 37.6 MW Kabeli-A Hydropower Project and 30 MW Ngadi Hydropower project. BPCL has 54% stake in Kabeli Energy Limited and 97% stake in Ngadi Hydropower Project.

It had earned net profit of Rs 59.92 crore in the second quarter of the FY 2074/75.

Its LTP stood at Rs 545 as of last trading day.

See the list of ASBA member BFIs

Click here to see offer letter

The debate on the FPO issuance of Butwal Power Company and its current market trend! Know more about BPCL!

Source: ShareSansar, February 25, 2018

CBIL Closes Today Public Issue of Citizens Mutual Fund !

MUTUAL FUND

CBIL Capital closes today, Thursday Falgun 3, 2074 its public issue of Citizen Mutual Fund-1 of 10 crore unit shares worth Rs 1 arba; big opportunity for layman investors to enter in stock market. The offer was open from Magh 2, 2074. The mutual fund is issuing a total of 10 crore unit of ordinary shares worth Rs 1 arba at face value of Rs 10 per unit.

Securities Board of Nepal (SEBON) had provided final nod to the public issue of Citizens Mutual Fund on Poush 18, 2074. Interested people must apply for a minimum of 100 units of share and they can apply for up to 20,00,000 unit of shares. Interested applicants can apply through ASBA-approved banks from all 77 districts across the country.

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