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- Market gains minimum points as turnover stands at Rs.26.88 Crore; EIC loses more than 7% today as well
- Nepal Stock Exchange lists right shares of Siddhartha Insurance; 11% NIC Asia debentures also get listed
- Kisan Microfinance to close its book on Mangsir 29; AGM to approve 29% bonus shares and 100% right shares
- Tinau Development Bank’s net profit falls by 48.91%; EPS and Net worth per share stand at Rs 6.32 and Rs 130.69 respectively
- See the financial highlights from the first quarter reports of five non-listed microfinance companies
- Sanima Bank to close its book on Mangsir 14 for upcoming AGM; Shareholders holding till previous day eligible to receive 14% cash dividend
- Dordi Khola Jalabidhyut company to convene AGM on Mangsir 27; Company to make decisions regarding IPO for general public
- Nissan shares plunge as chairman Ghosn faces ouster after arrest
- US Ambassador calls on Finance Minister
- Good news for readymade garments industry; USA positive to zero customs to Nepali readymade garments
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Featured
Joshi Hydropower to float 16.90 lakh unit IPO from Mangsir 16; Issue includes 2.42 lakh units unsubscribed from issue for locals
Joshi Hydropower Development Company Limited is set to issue 16,90,470 units IPO at Rs 100 per share to the general public from Mangsir 16 till Mangsir 19, 2075. The offering includes 50,714 units fo...
Exclusive News
Did finance companies perform well enough in the first quarter? Did ICFC Finance take a lead even in this quarter?
Highlights: -ICFC Finance Company leads in four major indicators -Three national level finance companies in loss -Loans worth Rs 54 arba disbursed by the overall industry -Deposits worth Rs 63 arba collected by the overall industry The outreach of banking and financial services in Nepal is still lagging behind. Majority of the population are still restrained from the access of these services. Finance companies are therefore licensed by the central bank with an objective to provide different banking and financial services to the general public. Often, finance companies are not preferred by mutual funds during in their investment portfolio...
Three commercial banks in billionaire club; Loan and deposit crosses mark of Rs 20 kharba; Rastriya...
Highlights: Overall Deposits and Loans portfolio crosses Rs 20 kharba in the first quarter of fiscal year State bank Rastra Banijya Bank leads with the highest profit 1.11 arba...
National development banks touch the mark of 2 kharba in deposit and loan portfolio; Muktinath Bikas...
Highlights: Muktinath Bikas Bank Limited leads among the national level development banks The overall deposit collection exceeds loan portfolio of national level development ba...
All you must know about Madhya Bhotekoshi before applying for its IPO; look at what the indicators s...
~Rishab Agrawal Synopsis of the Issue Madhya Bhotekoshi Jalavidhyut Company Limited (MBJCL) is a subsidiary company of Chilime, registered as public company in July 2010. MBJCL h...
Know the type of investor you are: A Social Investor or Real Investor? Exploring an untouched sectio...
Social means the one who makes people happy by their action. In the same way, it is believed, a social investor makes other investors happy and rich by entering in the rising marke...
Announcement
- 2018-11-21 Tinau Development Bank Limited has posted net profit of Rs 8 million and published its 1st quarter company analysis of the fiscal year 2075/76.
- 2018-11-21 Joshi Hydropower Development Company Limited has published an offer letter to issue 16,90,470 units IPO shares to the general public from (16th to 19th Mangsir, 2075).
- 2018-11-21 Aarthik Samriddhi Laghubitta Bittiya Sanstha Limited has posted net loss of Rs 1.57 million during the 1st quarter of the fiscal year 2075/76.
- 2018-11-21 Sajilo Laghubitta Bittiya Sanstha Limited has posted net profit of Rs 1.68 million during the 1st quarter of the fiscal year 2075/76.
- 2018-11-21 Himalaya Urja Bikas Company Limited is closing its 9,90,000 units IPO shares to the project-affected locals residents of Manthali Municipality, Jiri Municipality, Gokulganga Rural Municipality, Tamakoshi Rural Municipality from today (5th Mangsir, 2075).
- 2018-11-21 Nepal Seva Laghubitta Bittiya Sanstha Limited has posted net loss of Rs 1.66 million during the 1st quarter of the fiscal year 2075/76.
- 2018-11-21 Samudayik Laghubitta Bittiya Sanstha Limited is closing its 3,00,000 units IPO shares to the general public from today (5th Mangsir, 2075).
- 2018-11-21 Dordi Khola Jal Bidyut Company Limited has announced its Annual General Meeting going to be held on 27th Mangsir, 2075.
- 2018-11-21 NMB Bank Limited has published a notice regarding new interest rate and its effective from 5th Mangsir, 2075.
- 2018-11-21 Jyoti Bikas Bank Limited has published a notice regarding new interest rate and its effective from 5th Mangsir, 2075.
Investment/Existing Issues
| S.No | Company Name | Units | Opening Date | Closing Date | Status | View |
|---|---|---|---|---|---|---|
| 1 | Joshi Hydropower Development Company Limited | 1,690,470 | 2018-12-02 | 2018-12-05 | Coming Soon | |
| 2 | Samudayik Laghubitta Bittiya Sanstha Limited | 300,000 | 2018-11-18 | 2018-11-21 | Open | |
| 3 | Madhya Bhotekoshi Hydropower Company Limited | 11,700,000 | 2018-11-14 | 2018-11-30 | Open | |
| 4 | Madhya Bhotekoshi Hydropower Company Limited | 2,700,000 | 2018-12-05 | 2018-12-12 | Coming Soon | |
| 5 | Upper Tamakoshi Hydropower Limited | 15,885,000 | 2018-11-01 | 2018-11-05 | Closed |
Dividend, Bonus & Rights
- Nepal Stock Exchange lists right shares of Siddhartha Insurance; 11% NIC Asia debentures also get listed
- Nagbeli Laghubitta's auction for 9,518.44 unit right shares starts from today; Bids can be placed for minimum 100 units
- Sahara Bikas Bank's auction for 10.44 lakh unit shares closes today; Paid-up capital to reach Rs 25.55 crore after adjustment
- Gandaki Bikas Bank proposes 14.20% cash dividend; Decision subject to approval from NRB and AGM
- Last day to place bids for the auctioned 11,129.01 units shares of Swarojgar Laghubitta; Bid can be placed for minimum 100 units
- Progressive Finance to sell 21.20 lakh units via auction; Paid-up capital to reach Rs 80 crore after adjustment
- Nadep Laghubitta to float 100% right shares from Mangsir 23; paid-up capital to reach Rs 32 crore
- NRB approves 10% dividend of Shree Investment; AGM to provide final approval
- NEPSE reverts adjustment of 105% right shares of Everest Insurance Company
- Progressive Finance allots its 281% right shares; More than 21 lakh units remain unsubscribed
IPO News
- Dordi Khola Jalabidhyut company to convene AGM on Mangsir 27; Company to make decisions regarding IPO for general public
- Joshi Hydropower to float 16.90 lakh unit IPO from Mangsir 16; Issue includes 2.42 lakh units unsubscribed from issue for locals
- Last day for the locals of Ramechhap district to apply for 9.90 lakh unit IPO of Himalayan Urja Bikas Company
- Last day to apply for Samudayik Laghubitta's IPO; Already oversubscribed by 42.58 times
- Infinity Microfinance to convene its 2nd AGM on Mangsir 28; Issuance of IPO worth Rs 6.74 crore falls under main agenda
- Samudayik Laghubitta's IPO oversubscribes by 26.12 times till the 2nd day; more than 1.09 lakh applications received for over 71.50 lakh units
- Upper Tamakoshi’s IPO to get allotted within this week? Reports suggest high number of invalid applications
- Samudayik Laghubitta oversubscribes by more than 10 times in its 1st day; more than 42,000 applications received
- Samudayik Laghubitta to float 3 lakh unit IPO from today; Applications can be placed for minimum 50 units
- Modi Power appoints Sunrise Capital as issue manager to float 42 lakh unit public shares; another 20 MW hydro project at Lower Modi Khola in the hydropower scene
Interviews
Did you apply in Upper Tamakoshi's IPO today? Either yes or no; find out the story behind Upper Tamakoshi and the perspective of Chief of the company; Mr. Bigyan Prasad Shrestha
2 weeks ago-Dheerusha Tiwari Three years went by post the April 2015 earthquake. The state has been divided into provinces, budget has been announced and allocated, and a new government has been elected. During and post the earthquake, the slogan "We will rise back again" became a mark of the Gorkhali spirit to the outside world. Three years down the line, we stand among the same world with a one and half storied Dharahara that once used to be our pride. Our monuments and architects in Patan D...
How NMB Capital’s principles align with the moral lessons of an American movie “Too Big to Fail”? An interview...
1 month ago-Dheerusha Tiwari “Too big to fail”- If given a chance, no true investor/trader would miss out an opportunity to watch this movie. An American drama based on Andrew Ross Sorkin’s bo...
“Wherever you go and whatever you do, the secret to success is continuous learning and adaptation”; Interview...
1 month agoVijaya Bahadur Shah, CEO of Nepal Insurance Company, is a visionary and a true performer. He started his career from 1989 at Surya Nepal and after 12 years of hard work he joined Gorkha Brewery. Simil...
"Work with your team because you are only as good as your team" is the belief that made Mr. Majumdar best Gene...
1 month agoUpaul Majumdar, General Manager of Soaltee Crowne Plaza, firmly believes in Nepal’s potential in excelling at Tourism and the changes that can be brought with belief and team work. Having gradua...
Understanding the depths of merchant banking, mutual funds, underwriting & portfolio management services with...
1 month agoMekh Bahadur Thapa, General Manager of NIBL Ace Capital, had started his journey in Capital Market from Securities Board of Nepal in early 2007. After that till now he has completely devoted his...
Auction Data
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Upcoming Issue
| S.No | Company Name | Units | Sector | Remark |
|---|---|---|---|---|
| 1 | Bhairabkunda Hydropower Limited | 3,183,280 | Non Category | (For Local People : 6,50,000 kitta For General Public : 25,33,280 kitta ) |
| 2 | Union Hydropower Limited | 3,534,340 | Hydropower | (For General Public) (Including Unsubscribed 6,21,790 Share issued to Local People) |
| 3 | Swabhimaan Microfinance Bittiya Sanstha Limited | 180,000 | Non Category | |
| 4 | Ru Ru Jalvidut Pariyojana Limited | 407,705 | Non Category | |
| 5 | Sparsha Laghubitta Bittiya Sanstha Limited | 240,000 | Microfinance |
Sub Indices
As of 2018-11-20
| Sub-Indices | Open | High | Low | Close | Turnover | Point | % Change | 52 Week High | 52 Week Low |
|---|---|---|---|---|---|---|---|---|---|
| Banking Sub | 1,044.81 | 1,044.81 | 1,036.19 | 1,036.70 | 97,709,000 | -8.49 | -0.82 | 1,331.73 | 993.60 |
| Development Bank | 1,467.59 | 1,470.96 | 1,462.00 | 1,461.44 | 35,472,500 | -6.36 | -0.44 | 1,801.55 | 1,372.56 |
| Finance | 602.09 | 602.93 | 599.97 | 599.13 | 13,582,600 | -3.50 | -0.58 | 780.64 | 598.05 |
| Hotels | 1,840.42 | 1,849.69 | 1,829.54 | 1,834.57 | 1,442,610 | -0.82 | -0.04 | 2,303.27 | 1,663.00 |
| HydroPower | 1,230.71 | 1,238.33 | 1,222.88 | 1,224.38 | 9,827,610 | -6.08 | -0.50 | 2,121.96 | 1,290.09 |
| Life Insu | 5,342.97 | 5,354.10 | 5,303.84 | 5,318.52 | 7,804,790 | -23.86 | -0.45 | 6,243.03 | 5,447.28 |
| Manufacturing And Processing | 2,307.74 | 2,307.74 | 2,301.46 | 2,305.82 | 191,880 | 31.06 | 1.35 | 2,591.32 | 2,064.54 |
| Microfinance | 1,406.91 | 1,409.08 | 1,400.58 | 1,400.16 | 22,025,900 | -7.31 | -0.52 | 1,901.53 | 1,225.35 |
| Non Life Insu | 5,553.78 | 5,553.78 | 5,475.54 | 5,488.86 | 20,443,600 | -62.03 | -1.13 | 8,259.31 | 5,068.22 |
| Others | 727.48 | 738.61 | 727.48 | 732.08 | 1,943,240 | -6.29 | -0.86 | 931.25 | 655.84 |
Company Analysis
Analysis
Did finance companies perform well enough in the first quarter? Did ICFC Finance take a lead even in this quarter?
Highlights: -ICFC Finance Company leads in four major indicators -Three national level finance companies in loss -Loans worth Rs 54 arba disbursed by the overall industry -Deposits worth Rs 63 arba collected by the overall industry The outreach of banking and financial services in Nepal is still lagging behind. Majority of the population are still restrained from the access of these services. Finance companies are therefore licensed by the central bank with an objective to provide different banking and financial services to the general pub...
Tinau Development Bank’s net profit falls by 48.91%; EPS and Net worth per share stand at Rs 6.32 and Rs 130.6...
Tinau Development Bank (TNBL) has registered a net profit decline of 48.91 percent in the first quarter (Q1) of the fiscal year 2075/76. As per the unaudited report for the f...
See the financial highlights from the first quarter reports of five non-listed microfinance companies
Guras Laghubitta Bittiya Sanstha has published the unaudited quarterly report for the first quarter of FY 75/76. The paid up capital of the non-listed microfinance company stands a...
Nepal Seva shows below average performance in the first quarter; NPL rises from 1.44% to 4.77% by the end of t...
Nepal Seva Laghubitta Bittiya Sanstha has published the unaudited quarterly report for the first quarter of FY 75/76. Since the first quarter of the previous year, the paid up capi...
Madhya Bhotekoshi IPO receives more than 18,000 applications; Almost 45% of the issue subscribed in a week’s t...
Madhya Bhotekoshi Hydropower Company is issuing 1.17 Crore units of IPO at par value, in the first phase from 28th Kartik, 2075. The first phase of the issue is only for the member...
Credit Rating
| S.No | Symbol | Company Name | Product | Offering | Grade | Published Date |
|---|---|---|---|---|---|---|
| 1 | BHAIRAB | Bhairabkunda Hydropower Limited | IPO (equity) Grading | NPR 318.328 million | [ICRANP] IPO Grade 5 (Assigned) | 2018-11-11 |
| 2 | UHCL | Unique Hydel Company Limited | IPO (equity) Grading | NPR 220 million | [ICRANP] IPO Grade 5 (Assigned) | 2018-11-01 |
| 3 | CZBIL | Citizens Bank International Limited | Subordinated Bond Programme | NPR 2,500 Million | [ICRANP] LBBB+ (Assigned) | 2018-11-01 |
| 4 | CZBIL | Citizens Bank International Limited | Issuer Rating | NA | [ICRANP-IR] BBB+ (Reaffirmed) | 2018-11-01 |
| 5 | CZBIL | Citizens Bank International Limited | Subordinated Bond Programme | NPR 500 Million | [ICRANP] LBBB+ (Reaffirmed) | 2018-11-01 |
| S.No | Symbol | Company Name | Product | Offering | Grade | Published Date |
|---|---|---|---|---|---|---|
| 1 | SNLICL | Sun Nepal Life Insurance Company Limited | Initial Public Offer (IPO) | 600 Million | CARE-NP IPO Grade 4 [IPO Grade Four] (Assigned) | 2018-11-14 |
| 2 | ALICL | Asian Life Insurance Company Limited | Rights Share Issue | 754.035273 | CARE-NP IPO Grade 3 [IPO Grade Three] (Assigned) | 2018-10-10 |
| 3 | MLBBL | Mithila Laghubitta Bittiya Sanstha Limited | Right Share issue | NPR 32.98897 Million | CARE-NP IPO Grade 4 [IPO Grade Four] (Assigned) | 2018-10-09 |
| 4 | ASHA | Asha Laghubitta Bittiya Sanstha Limited | Initial Public issue | NPR 60 Million | CARE-NP IPO Grade 4 [IPO Grade Four] (Assigned) | 2018-09-27 |
| 5 | IMBSL | Infinity Laghubitta Bittiya Sanstha Limited | Initial Public Offer | NPR 60 Million | CARE-NP IPO Grade 4 [IPO Grade Four] (Assigned) | 2018-09-11 |
Mergers & Acquisitions
| S.No | Name of Mergred Companies | Company Name | Sector | Action | Swap Ratio | Trading | Joint Date |
|---|---|---|---|---|---|---|---|
| 1 | <p>Mountain Eneryg Nepal Ltd, Robust Energy Ltd and Aadhisakti Vidhyut Bikas Co. Ltd</p> | Mountain Energy Nepal Limited | Non Category | Acquisiton | No | 2018-09-13 | |
| 2 | Best Finance Company Limited & Synergy Finance Limited | Best Finance Company Limited | Finance | Acquisiton | 1:1 | Yes | 2018-07-02 |
| 3 | Rastriya Banijya Bank Limited and NIDC Development Bank Limited | Rastriya Banijya Bank Limited | Non Category | Merger | 1:1 | No | 2018-04-05 |
| 4 | NIBL Capital Markets Limited and Ace Capital Limited | NIBL Ace Capital Limited | Merchant Bank | Acquisiton | 1:1 | No | 2018-01-25 |
| 5 | Global IME Capital Limited and Reliable Capital Limited | Global IME Capital Limited | Merchant Bank | Acquisiton | No | 0000-00-00 |
| S.No | Name of Mergred Companies | Company Name | Sector | Action | MOU Date |
|---|---|---|---|---|---|
| 1 | <p>Prime Commercial Bank Limited and Om Development Bank Limited</p> | Prime Commercial Bank Limited | Commercial Bank | Acquisiton | 2018-08-19 |
| 2 | <p>Jyoti Bikash Bank Limited & Hamro Bikas Bank Limited</p> | Jyoti Bikash Bank Limited | Development Bank | Acquisiton | 2018-07-15 |
| 3 | Deva Bikas Bank Limited & Western Development Bank Limited | Deva Bikas Bank Limited | Development Bank | Acquisiton | 2018-07-10 |
| 4 | Deva Bikas Bank Limited & Sahara Bikas Bank Limited | Deva Bikas Bank Limited | Development Bank | Acquisiton | 2017-06-09 |
