- Trading of Narayani Development Bank (NABBC) allowed after six years; Bonus shares listed; Right shares in pipeline
- Salt Trading Corporation (STC) announces AGM; Book closure on Mangsir 15 for 35% dividend
- Who pays the most tax in Nepal? Let's look at the Individual, Industry, and Sector-wise record of the fiscal year 2076/77
- Sunrise Bank proposes 8.28% dividend for FY 2076/77; How much in bonus shares and cash?
- NRB shows green flag for Nepal Investment Bank to acquire City Express Finance; Merger between Sparsha Laghubitta and Global IME Laghubitta also approved
- Tinau Mission Development Bank (TMDBL) to convert promoter shares
- 250 MW of electricity to be imported from India for winter to ensure a smooth supply
- Finance Minister Bishnu Prasad Poudel for widening scope of taxes
- Xiaomi bounces back to #1 position in the smartphone market in Nepal; Reassumes its smartphone market leadership in Q3 2020
- IME Remit receives felicitation from IRD as biggest taxpayer among remittance service providers
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Announcement
- 2020-11-23 Nepal Finance Limited has posted a net loss of Rs 6.36 million and published its 1st quarter company analysis of the fiscal year 2077/78.
- 2020-11-23 Myagdi Hydropower Limited has announced its Annual General Meeting going to be held on 30th Mangsir, 2077.
- 2020-11-23 Tinau Mission Development Bank Limited has published a notice regarding the conversion of promoter shares to public shares.
- 2020-11-22 Swastiik Laghubitta Bittiya Sanstha Limited has posted a net profit of Rs 3.92 million during the 1st quarter of the fiscal year 2077/78.
- 2020-11-22 Radhi Bidyut Company Limited has posted a net profit of Rs 25.70 million and published its 1st quarter company analysis of the fiscal year 2077/78.
- 2020-11-22 Citizen Investment Trust has posted a net profit of Rs 145.96 million during the 1st quarter of the fiscal year 2077/78.
- 2020-11-22 Mahuli Laghubitta and Navkiran Laghubitta after the successful acquisition to commence its joint transactions in the name of Mahuli Laghubitta Bittiya Sanstha Limited from 8th Mangsir, 2077.
- 2020-11-22 Kumari Bank Limited has announced its 20th AGM going to be held on 29th Mangsir, 2077.
- 2020-11-22 Multipurpose Finance Company Limited has posted a net profit of Rs 1.06 million and published its 1st quarter company analysis of the fiscal year 2077/78.
- 2020-11-22 Nyadi Hydropower Limited has announced its 13th AGM going to be held on 29th Mangsir, 2077.
Investment/Existing Issues
Dividend, Bonus & Rights
- Ridi Hydropower to endorse 5.26% dividend in upcoming AGM: Agenda to discuss increasing authorized capital
- Do you have unclaimed dividend of Citizens Bank for FY 2071/72? You have 35 days to claim it
- Nepal Finance Limited (NFS) opens right shares issue for eligible investors from today
- Last Day for eligible investors to apply for the Right Shares issue of Api Power Company (API)
- Last day to secure 13.68% dividend of First Microfinance Laghubitta (FMDBL)
- Nirdhan Utthan Laghubitta distributing 25% bonus shares to Demat accounts; Shares already listed in NEPSE
- Arun Kabeli Power Limited to endorse 6% dividend for FY 2076/77 via upcoming AGM
- 8.125% Bonus Shares of Lumbini General Insurance deposited to Demat accounts
- When is the book closure for NIC Asia Bank's 20% dividend and upcoming AGM?
- Mirmire Laghubitta proposes 12.63% dividend for FY 2076/77; How much in bonus shares and cash?
IPO News
- SEBON approves "NIC Asia Dynamic Debt Mutual Fund": Mutual Fund to invest exclusively in debt instruments
- SEBON Gives Final Approval for IPO Issue of Chandragiri Hills Limited; Company to Issue Rs 18.40 Crore IPO Soon
- United Idi-Mardi and R.B. Hydropower's IPO oversubscribed 5.36 times on the second day; How many applicants applied?
- Mountain Energy Nepal's IPO closes with 6,74,416 applicants; Issue oversubscribed 7.62 times
- How many applicants applied for United Idi-Mardi and R.B. Hydropower's IPO on the first day? Issue already oversubscribed
- How many applicants have applied for Mountain Energy's IPO as of now? Today is the last day
- Things to know for prospective investors about IPO of United Idi Mardi and RB Hydropower Limited; IPO issue opens from today
- Mountain Energy Nepal Limited closing 19.68 lakh unit IPO shares issue from today; IPO issue already over subscribed
- Mountain Energy Nepal Limited's IPO oversubscribed on the first day in terms of applied units
- United Idi-Mardi and R.B. Hydropower postpones IPO issue; Issue to open on 3rd Mangsir
Interviews
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Upcoming Issue
Sub Indices
As of 2020-11-23
| Sub-Indices | Open | High | Low | Close | Turnover | Point | % Change | 52 Week High | 52 Week Low |
|---|---|---|---|---|---|---|---|---|---|
| Banking Sub | 1,354.87 | 1,366.66 | 1,353.14 | 1,357.97 | 1,584,850,000 | 6.05 | 0.45 | 1,483.16 | 973.22 |
| Development Bank | 2,112.38 | 2,130.95 | 2,102.65 | 2,110.58 | 468,354,000 | -1.80 | -0.09 | 2,174.27 | 1,512.44 |
| Finance | 887.21 | 894.25 | 878.13 | 883.29 | 376,233,000 | -1.76 | -0.20 | 902.57 | 550.39 |
| Hotels | 2,059.59 | 2,163.10 | 2,034.65 | 2,110.79 | 74,626,300 | 76.69 | 3.77 | 2,220.55 | 1,298.18 |
| HydroPower | 1,427.56 | 1,433.62 | 1,420.05 | 1,424.90 | 328,323,000 | -1.75 | -0.12 | 1,483.54 | 850.25 |
| Life Insu | 11,065.22 | 11,065.22 | 10,622.31 | 10,665.65 | 435,644,000 | -182.40 | -1.68 | 11,319.33 | 4,814.83 |
| Manufacturing And Processing | 3,778.55 | 3,929.49 | 3,738.03 | 3,878.55 | 437,045,000 | 133.98 | 3.58 | 3,953.63 | 2,105.88 |
| Microfinance | 2,766.55 | 2,773.62 | 2,738.67 | 2,743.38 | 254,043,000 | -20.91 | -0.76 | 2,838.63 | 1,462.78 |
| Mutual | 11.51 | 11.51 | 11.32 | 11.34 | 20,677,800 | -0.17 | -1.47 | 11.79 | 8.95 |
| Non Life Insu | 9,352.09 | 9,404.01 | 9,170.86 | 9,241.52 | 1,077,340,000 | -125.97 | -1.34 | 9,772.45 | 3,936.49 |
| Others | 1,376.51 | 1,376.51 | 1,345.90 | 1,355.97 | 677,506,000 | -16.07 | -1.17 | 1,411.16 | 629.39 |
| Trading | 2,063.77 | 2,242.74 | 1,899.81 | 2,098.35 | 27,056,600 | 29.17 | 1.41 | 2,383.78 | 425.34 |
Weekly Analysis
Analysis
NEPSE Index declined by 9.50 points; Bishal Bazar Company rises by 33.86%; Prime Commercial Bank traded most (Weekly Wrap up)
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All sub-indices decline with major fall seen in hydropower sector; ICFC finance rises by 18.75%; Muktinath Bi...
NEPSE index declined 27.17 points (1.71%) in the trading week between 11th October to 15th October 2020. Last Week market closed at 1589.63 points and this week closed at...
Hydropower Sector rallies by massive 8.54%; Arun Kabeli and Shivam Cements traded most; Naasa Securities remai...
NEPSE index gained 18.59 points (1.18%) in the trading week between 4th October to 8th October 2020. Last Week market closed at 1571.04 points and this week closed at 1589.63 point...
Kamana Sewa Bikas Bank rises by 31.41%; Development Bank sector remains top gainer; Hydropower sector traded m...
NEPSE index gained 9.77 points (0.63%) in the trading week between September 27 to October 1, 2020. Last Week market closed at 1561.27 and this week closed at 1571.04 points o...
Correction seen on NEPSE after four straight weekly gain; United Finance rises by 33.67%; Naasa Securities rem...
NEPSE index declined 10.91 points (0.69%) in the trading week between 20th September to 24th September 2020. Last Week market closed at 1572.18 and this week closed at 1561.27 poin...
Company Analysis
Analysis
Things to know for prospective investors about IPO of United Idi Mardi and RB Hydropower Limited; IPO issue opens from today
Company Profile United Idi Mardi and RB Hydropower Limited (UIMHL) was initially incorporated as a private limited company on March 1, 2010, as United Idi-Mardi and R.B Hydropower Pvt. Ltd. Later on, it converted to a public limited company on April 17, 2018. It is promoted mainly by individual promoters from different background along with two institutional promoters for setting up of a 7MW run-of-river, Upper Mardi Khola Hydropower Project in the Kaski district of Nepal. This project is constructed under BOOT (Build, Own, Operate, and Transf...
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Laxmi Bank reports decline in core business revenue in Q1; Profit decreased by 22.29%
Laxmi Bank Limited (LBL) has published its first-quarter report for the FY 2077/2078 with a decrease in Net Profit by 22.29%. The bank’s net profit decreased to Rs. 31.23 cro...
Muktinath Bikas Bank reports 28.99% growth in profitability in Q1; Shows excellent increment in business volum...
Muktinath Bikas Bank Limited (MNBBL) has posted an increase in net profit of 28.59% in the first quarter of the fiscal year 2077/78. The net profit rose to Rs. 29.41 crores fr...
Due to lower impairment charge in Q1 NMB Bank reports massive growth in profitability; Annualized EPS at Rs. 2...
NMB Bank Limited (NMB) has published its first-quarter report for the FY 2077/2078 with a slight increase in Net Profit by a massive 167.24%. The bank’s net profit increased...
Credit Rating
| S.No | Symbol | Company Name | Product | Offering | Grade | Published Date |
|---|---|---|---|---|---|---|
| 1 | PRLIL | Prabhu Life Insurance Limited | Issuer Rating | NA | [ICRANP-IR] BB+ (assigned) | 2020-09-28 |
| 2 | RJPL | Ru Ru Jalvidut Pariyojana Limited | IPO (equity) Grading | 89.695 Millions | [ICRANP] IPO Grade 3; assigned | 2020-08-24 |
| 3 | MEGA | Mega Bank Nepal Limited | Issuer Rating | N.A. | [ICRANP-IR] BBB+; assigned | 2020-08-17 |
| 4 | UIMRBHL | United Idi-Mardi and R.B. Hydropower Limited | Issuer Rating | NA | CARE-NP BB+ (Is) [Double B Plus (Issuer)] Assigned | 2020-08-03 |
| 5 | NBB | Nepal Bangladesh Bank Limited | Subordinated Debenture Programme | NPR 2000 Million | [ICRANP] LBBB+; reaffirmed | 2020-07-27 |
| S.No | Symbol | Company Name | Product | Offering | Grade | Published Date |
|---|---|---|---|---|---|---|
| 1 | UIMRBHL | United Idi-Mardi and R.B. Hydropower Limited | Issuer Rating | NA | CARE-NP BB+ (Is) [Double B Plus (Issuer)] Assigned | 2020-08-27 |
| 2 | RBB | Rastriya Banijya Bank Limited | Subordinated Debenture (RBBL Debenture 2083) | NPR 2500 Million | CARE-NP A+ [Single A Plus] Assigned | 2020-07-15 |
| 3 | RBB | Rastriya Banijya Bank Limited | Issuer Rating | NA | [CARE-NP] A+ (Is) [Single A Plus (Issuer)] Assigned | 2020-07-14 |
| 4 | SANCAP | Sanima Capital Limited | Fund Management Quality Rating (FMQR) | NA | CARE-NP AMC Quality 3 (AMC 3) Reaffirmed | 2020-07-01 |
| 5 | JLICL | Jyoti Life Insurance Company Limited | Issuer Rating | NA | CARE-NP BBB (Is) [Triple B (Issuer)] Assigned | 2020-07-01 |
Mergers & Acquisitions
| S.No | Name of Mergred Companies | Company Name | Sector | Action | Swap Ratio | Trading | Joint Date |
|---|---|---|---|---|---|---|---|
| 1 | Mahuli Samudayik Laghubitta Bittiya Sanstha Limited and Navkiran Laghubitta Bittiya Sanstha Limited
|
Mahuli Laghubitta Bittiya Sanstha Limited | Microfinance | Acquisiton | No | ||
| 2 | Naya Nepal Laghubitta Bittiya Sanstha Limited and Sarathi Laghubitta Bittiya Sanstha Limited |
Sarathi Nepal Laghubitta Bittiya Sanstha Limited | Microfinance | Merger | 1:1 | Yes | |
| 3 | Swarojgar Laghubitta Bittiya Sanstha Limited and Janakpur Laghubitta Bittiya Sanstha Limited |
Swarojgar Laghubitta Bittiya Sanstha Limited | Microfinance | Acquisiton | No | 2020-03-05 | |
| 4 | Deva Bikas Bank Limited & Sahara Bikas Bank Limited |
Deva Bikas Bank Limited | Merged | Acquisiton | 1:1 | Yes | 0000-00-00 |
| 5 | Summit Laghubitta Bittiya Sanstha Limited and Sajilo Laghubitta Bittiya Sanstha Limited |
Summit Laghubitta Bittiya Sanstha Limited | Microfinance | Merger | No |
| S.No | Name of Mergred Companies | Company Name | Sector | Action | MOU Date |
|---|---|---|---|---|---|
| 1 | Ghodighoda Laghubitta Bittiya Sanstha Limited and Unique Nepal Laghubitta Bittiya Sanstha Limited |
Ghodighoda Laghubitta Bittiya Sanstha Limited | Microfinance | Merger | 2020-11-06 |
| 2 | Jalpa Laghubitta and Mahila Samudayik Laghubitta |
Jalpa Samudayik Laghubitta Bittiya Sanstha Limited | Microfinance | Acquisiton | |
| 3 | Global IME Laghubitta Bittiya Sanstha Limited and Sparsha Laghubitta Bittiya Sanstha Limited |
Global IME Laghubitta Bittiya Sanstha Limited | Microfinance | Acquisiton | 2020-10-06 |
| 4 | Tinau Mission Development Bank Limited and Citizens Bank International Limited |
Citizens Bank International Limited | Commercial Bank | Acquisiton | 2020-10-17 |
| 5 | Garima Bikas Bank Limited and Sahara Bikas Bank Limited
|
Garima Bikas Bank Limited | Development Bank | Acquisiton | 2020-10-02 |
