NBL FPO at Rs 280 Best Opportunity for Portfolio Add !

FPO:

After much wait, Nepal Bank Limited (NBL) is issuing its Further Public Offering (FPO) to the general public. The bank is issuing a total of 1,76,84,858 unit shares as FPO at a face price of Rs 280 per unit share. The bank created many controversies when it had announced to issue FPO as the bank was unable to comply with the guidelines of Securities Registration and Issue Regulation, 2073. People were unsure whether the bank would be able to issue FPO or not. However, the commercial bank is now issuing FPO after gaining approval from all the regulatory bodies.

Issue Synopsis:
Company Name                       : Nepal Bank Ltd (NBL)

No of Shares Issued               : 1,76,84,858 units

Amount to be Collected        : Rs 4,95,17,60,240

Issue Manager                          : Siddhartha Capital Ltd

The interested applicants can make their applications through any of the financial institutions providing C-ASBA facility. The application can made for minimum of 50 unit shares and a maximum of all up to 1,76,84,858 unit shares.

After the new decision being made by the Securities Board of Nepal (SEBON), the institutional applicants can thus apply for the FPO share from the first day as well. The issue is now open, starting from Friday yesterday June 29th 2018 (Ashadh 15, 2075) initially for about a week lasting till this Thursday July 5th 2018 (Ashadh 19, 2075).

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Rairang Hydropower IPO Allotment Just Done! Stay Updated with NepalStockNews for Your Result !!

IPO RESULT

The IPO allotment of Rairang Hydropower Development Company Ltd. is finally done for today morning at around 8:30 AM, Wednesday 22rd May 2018 within the premises of its office as per the officials of NIBL ACE Capital Ltd., its issue manager. Since the IPO was oversubscribed by more than 18 times, the allotment was done by lottery system and more than 91,000 didn't get the IPO share. The lucky ones to get 10 unit IPO shares are 76,440 (43.56%) applicants.

The IPO was issued for 4 days starting from Monday 14th May 2018 and ending on Thursday 17th May 2018. The company floated 8.4 lakh unit shares at a face value of Rs 100. The allotment is delayed to 5 working days due to problems with C-ASBA software. That is beyond expected time since previously allotment of Arambha Microfinance IPO share was possible in 37 hours after the closure.

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Rairang Hydropower IPO Allotment by Lottery, Oversubscribed by 18.03 Times !

IPO ISSUE:

Rairang Hydropower Development Company Ltd. (RAIRANG) has collected nearly Rs 1,38,10,43,000 from the initial public offering (IPO) issue. This is 18.08 times the amount of unit shares offered to the general public. There are 1,77,386 applicants that had applied for the IPO. This is 1,00,986 times more than those getting the IPO. Due to oversubscription, the allotment will for sure go into the lottery system and only 76,400 lucky applicants will be allotted 10 unit shares.

Rairang had floated this IPO of 8,40,000 unit shares at the face value of Rs 100 per unit share. Of these, 33,600 (4%) unit shares had been set aside for the employees and 42,000 (5%) unit shares for the mutual funds. The remaining 7,64,400 (91%) unit shares were offered for the general public. The IPO issued amount was 15% of the total capital. NIBL ACE Capital had been appointed as the issue manager for the issue.

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Didn't Your Bonus Share Still Show up into Your Demat Account ? Have You Paid Taxes? How do You Know? Check Here for Details !

BONUS SHARE TAX

Have you yet not received in your Demat account till date your bonus shares, that were distributed by banks in the fiscal financial year 2072/073 ? If so, have you purchased shares of the following 13 banks at certain dates ? If you are entitled to receive such bonus shares since you purchased those shares in the specified date, then you are also responsible for the levied tax payment deposition into the respective bank accounts. Unless you pay them, you won't receive the bonus shares of these 13 companies.

Out of the total listed companies, annual general meeting (AGM) of 13 companies didn't approve cash dividend for tax purpose levied on bonus distribution in the FY 2072/73. Due to which, shareholders of all these 13 companies including 3 commercial banks and 10 development banks till date have not yet received their bonus shares in their Demat accounts and the respective banks have already issued their notice to pay the levied tax amount in their bank accounts. Check out which banks are they and how much their bonus share tax are and what their purchase dates are. which amount of those backs and how much taxes should be paid on which bank's bonus, since purchasing shares till date.

Among these 13 companies, three commercial banks including Sunrise, Bank (SRBL), Global IME Bank (GBIME) and Century Commercial Bank (CCBL) have recently notified their shareholders to pay the taxes through a notice. Similarly, 10 development banks including Kailash Bikas Bank (KBBL), Muktinath Bikas Bank (MNBBL), Kamana Bank (KMBL) Jyoti Bikas Bank (JBBL), Garima Bikas Bank (GBBL), Dev Bikas Bank (DBBL), Hamro Bikas Bank (HAMRO), Om Development Bank (ODBL) and Fewa-Gandaki Bikas Bank (FBBL) and Mahalaxmi Bikas Bank (MLBL) prior to merger have also issued a notice to their shareholders to pay taxes.

CHECK DETAILS HERE »