Mountain Hydro IPO Allotment Result - 47% Applicants Allotted Upto 40 Share Units !

IPO ALLOTMENT:

Mountain Hydro Nepal Ltd. (MHNL) has successfully concluded its initial public offering (IPO) on Sunday morning at 10:00 AM today, 17th March 2019 (3rd Chaitra 2075) in the head office at Naxal, Kathmandu. The company had floated 1,816,110 unit shares (including 566, 110 unit shares unsubscribed by the locals) worth Rs 181.611 million (Rs 18.1611 lakhs) at a face value of Rs 100 each to the general public, for four working days, starting from Thursday 7th March 2019 (23rd Falgun 2075) to Tuesday 12th March 2019 (28th Falgun 2075) just over a week ago.

According to Siddhartha Capital Ltd., its issue manager, the issue had received 50,954 applications for 3,394,810 unit shares with 1.92 times oversubscription, of which 16 applications for 1,540 unit shares were invalid due to errors and of the remaining 50,938 valid applicants, 26,973 applications (52.95%) were allotted 30 unit shares each and the other 9,58,600 applications were allotted 40 unit shares each on pro rata basis so that 23,965 (47.05%) of these applications have been lucky enough to be allotted with an additional 10 unit through the lottery system, thus leaving none empty handed.

Check the DETAILS HERE:

Panchthar Power IPO Allotment Result - All Allotted as per Demand upto 30 Unit Shares !

IPO ALLOTMENT:

Panchthar Power Company Ltd. (PPCL) has successfully concluded its initial public offer (IPO) on Thursday afternoon 3:30 PM onwards today, 7th March 2019 (23rd Falgun 2075). The company had floated its IPO issue of 1,750,250 unit shares each at a face value of Rs 100 to the general public, for four working days, starting from Monday 25th February 2019 (13th Falgun 2075) to Thursday 1st March 2019 (17th Falgun 2075) just last week.

According to Sanima Capital Ltd., its issue manager, there were 82,741 applications applying for a total of 3,381,860 unit shares with 1.93 oversubscription, of which 33,565 applying for 10 unit shares have each been allotted full as demand and 11,482 applying for 20 unit shares have also been allotted full as demand, but 37,627 applying for minimum 30 unit shares to maximum 9,620 unit shares have each been allotted 20 unit shares on pro rata basis and each 33,531 of these have been lucky enough to be allotted with an additional 10 unit shares of the remaining 335,310 unit shares through the lottery system, thus leaving none empty handed.

Check the DETAILS HERE:

RBCL Proposes Attractive Bonus 120%, Check Out?

BONUS

Rastriya Beema Company Limited (RBCL) has just proposed to distribute its shareholders an attractive single lump sum of 120% bonus shares for 6 fiscal years altogether at once. The executive committee meeting held on this Thursday has proposed to distribute the said amount of bonus share to its shareholders from the net profit made in the fiscal year 2068/069.

The company is preparing to distribute the bonus share for 6 fiscal years 2063/064, 2064/065, 2065/066, 2066/067, 2067/068 and 2068/069 together. RBCL has already conducted its annual general meeting (AGM) till the fiscal year 2062/63 lately just last year.

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Rastriya Beema Company (RBCL) Soars Net Profit of Rs 370 million (42.4%) in Q2 of FY 2074/75 !

TRIMESTER REPORT

Rastriya Beema Company Ltd. (RBCL) has earned a net profit of Rs 372.5 million (Rs 37.25 crores) in the Second Quarter (Q2) of the current Fiscal Year (FY) compared to Rs 261.6 million  (Rs 26.16 crores) of the corresponding period (Q2) of the last FY. This is a 42.37% times increase!

In the review period, the company earned net insurance premium of Rs 128.8 million (Rs 12.88 crores) which is 21 percent growth than the previous FY. The company earned Rs 13.8 million (Rs 1.38 crores) through reinsurance commission.

In Q2, it paid Rs 34.3 million (Rs 3.44 crores) on claims.

The company with a paid-up capital of Rs 266.6 million (Rs 26.66 crores) has reserve fund of Rs 1.98 billion (Rs 1 arbas 98 crores). Similarly, the company has maintained Rs 1.26 billion (Rs 1 arabs 26 crores) on insurance fund.

Thus, RBCL must hike its capital by about 275% that is Rs 733.4 million (Rs 73.34 crores) to meet the capital requirement of Rs 1 billion (Rs 1 arba).

Its current earning per share (EPS) stands at Rs 139.70 (annualized EPS Rs 279.44), net worth per share Rs 843.11 and price to earning (P/E) ratio at 96.99 times.

Its last trading price on this Sunday was Rs 12,550 that was the lowest in the past 10 months after its massive hike as much high upto Rs 23,000 in mid April early this year before the adjustment.

Check the links below to see/download Company's Recent Financial Analysis as well as Second Quarterly Financial Reports of Fiscal Years 2074/75 and 2073/74 here:

RECENT FINANCIAL ANALYSIS LINK

FY 2074/75 Q2 FINANCIAL REPORT LINK

FY 2073/74 Q2 FINANCIAL REPORT LINK

ShareUpdateNepal: Wednesday 14th February 2018

Why RBCL ? Check this out ! »

RBCL नै किन ???????

यसकारण अबको बजारमा महँगो मूल्यको सेयर RBCL हुनेछ (सुन्दर प्रसाद पकुवालको विश्लेषण)

Also, Check these out too:

• राष्ट्रिय बीमा कम्पनी (RBCL) ले तीन आर्थिक बर्षको एकसाथ साधारणसभा गर्ने तयारी !
• राष्ट्रिय बीमा कम्पनी (RBCL) अर्को दुई बर्षको साधारणसभा गर्ने तयारीमा, थप एक बर्षको बित्तीय बिवरण स्वीकृत !
• जीवन बीमा कम्पनीको नाफामा उल्लेख्य वृद्धि
• के साँचै अब आउने नै भो त बीमामा हकप्रद र बोनस सेयरको बाढी ?
• बीमा कम्पनीको शेयर किन्दै हुनुहुन्छ ? हेर्नुहोस् यस्तो छ जीवन बीमा कम्पनीको पछिल्लो अवस्था !
• प्रतिशेयर आम्दानी एक सय एकतीस रुपैंया भएको वित्तीय विबरण प्रकाशित गर्ने कम्पनी कुन् होला ?
• बजारमा सेयर मूल्य धेरै भएको दोस्रो कम्पनीको कस्तो छ प्रगति ?
• राष्ट्रिय बिमा संस्थानलाई बिमा समितिको अंकुश,लेखा परीक्षण नसकाएसम्म लगानीमा रोक