- Tentative cutoff stands at Rs.585 for auctioned 61,236 units of unsold ordinary right share of Nadep Laghubitta; 373 applicants place bids for more than 3 Lakh units
- Among 156 countries, Nepal is the 100th happiest country in the world; Finland tops the list for the third time in a row
- Reliance Finance Limited successfully auctions off all unsold promoter right shares in the fourth attempt; total of three applicants received
- Universal Power Company set to open between Rs.101.11 to Rs.303.33 for the first transaction; scrip assigned with UPCL as stock symbol
- Eighteen Hydro Power Projects for Private Investors; GON opens the room for Investment
- Indian Customs stops Tankers; alternative ways of bringing the tankers into Nepal are also underway
- Pilots of India's Private Airline Jet Airways threaten to Strike; cancellation of hundreds of flights
- Disney closes $71B deal for Fox entertainment assets; Disney aims to better compete with technology companies
- PM Oli for Pooling People’s Capital for Big Projects; inorder to make the country independent and prosperous
- Prime Minister Oli buys Trishuli III 'B' share; One can buy the share till March 25.
Featured
Sunrise Bank and Shikhar Insurance sign bancassurance agreement
Sunrise Bank Ltd has entered into an agreement with Shikhar Insurance Limited as its agent to sell non-life Insurance policies. The Agreement was signed by Chief Executive Officer of Sunrise Bank Ltd....
Exclusive News
Growth of Non-life Insurance sector after the earthquake; Surpasses life insurance sector's growth in 5 major indicators
In the recent study regarding the growth of life insurance companies, we found that the devastating earthquake was indeed a turning point for the life insurance companies of Nepal. Other studies have shown that the growth in non-life insurance sector is even more significant than that of life insurance sector. Therefore, in order to find the truth, we’ve done similar study for the General Insurance Sector of Nepal. We’ll look at the major growth indicators from FY 2071/72 till the second quarter of FY 2075/76. These indicators are: Paid-up capital Reserve and Surplus Insurance Fund Net profit Net premium Income from inves...
Increasing imports, decreasing exports, increasing remittance, decreasing FDIs: Have the macroeconom...
The central bank of the country published its macro-economic update based on seven month’s data of 2018/19. The report covers major details on inflation, trade, services, rem...
Can you make the Bull Run in the stock market?
Bull refers the optimism, a bull market is the condition of the stock markets where the prices of securities are rising or are expected to rise. The theory says the economics is t...
Applications for NMB Bank's “10% NMB Debenture 2085” to be open from tomorrow; Everything to know ab...
Company Profile NMB Bank was established in Poush 04, 2053 as ‘C-class’ financial institution, which upgraded to ‘A-class’ commercial bank in Baisakh 24, 2...
Devastating earthquake a turnaround point for Insurance companies; How have the life insurance compa...
The devastating earthquake is the greatest tragedy of the decade for Nepali Economy till now, however it played out differently for one sector – Insurance Sector. Prior to ea...
Announcement
- 2019-03-21 Nepal Vanaspati Ghee Udhyog Limited has announced its 33rd AGM going to be held on 29th Chaitra, 2075.
- 2019-03-21 Khadya Udhyog Limited has announced its 46th AGM going to be held on 29th Chaitra, 2075.
- 2019-03-21 Asian Life Insurance Company Limited is issuing it's 1:0.6 ratio 75,40,352.73 units right share to its shareholders from (25th Chaitra, 2075 to 29th Baishakh, 2076).
- 2019-03-21 Sanima Bank Limited is selling its 27,18,835 unit promoter shares in an auction to the general public from (7th to 25th Chaitra, 2075).
- 2019-03-21 Trishuli Jal Vidhyut Company Limited is issuing its 37,05,000 units IPO shares to the general public from today (7th Chaitra, 2075).
- 2019-03-21 Citizens Bank International Limited has published a notice regarding new interest rate and its effective from 7th Chaitra, 2075.
- 2019-03-21 Sanima Bank Limited has published a notice regarding new interest rate and its effective from 6th Chaitra, 2075.
- 2019-03-20 Reliance Finance Limited has allotted its 1,88,874.52 unit promoter shares in an auction to the general public on 5th Chaitra, 2075 and refunding money to non-allottee investors from (8th Chaitra, 2075).
- 2019-03-20 Shree Ram Sugar Mills Limited has announced its 24th AGM going to be held on 28th Chaitra, 2075.
- 2019-03-20 Green Development Bank Limited has announced its 6th AGM going to be held on 28th Chaitra, 2075.
Investment/Existing Issues
| S.No | Company Name | Units | Opening Date | Closing Date | Status | View |
|---|---|---|---|---|---|---|
| 1 | Union Hydropower Limited | 3,534,340 | 2019-03-27 | 2019-03-31 | Coming Soon | |
| 2 | Trisuli Jal Vidhyut Company Limited | 3,705,000 | 2019-03-21 | 2019-03-25 | Open | |
| 3 | Sparsha Laghubitta Bittiya Sanstha Limited | 269,630 | 2019-03-10 | 2019-03-13 | Closed | |
| 4 | Mountain Hydro Nepal Limited | 1,816,110 | 2019-03-07 | 2019-03-12 | Closed | |
| 5 | Panchthar Power Company Limited | 1,750,250 | 2019-02-25 | 2019-03-01 | Closed |
Dividend, Bonus & Rights
- Century Commercial Bank to issue 2% bonus shares and 4.50% cash dividend from FY 74/75 profits; paid up capital will increase to Rs.8.41 Arba
- Central Finance convenes 22nd AGM; to provide 7% cash dividend
- Asian Life Insurance 1:0.6 right shares issue opens from Chaitra 25; paid up to reach Rs 2 arba
- 20% Bonus Distribution by Chilime Hydropower Company; urging to dematerialize the shares
- Proposed 50% rights issue of Grameen Bikas Laghubitta receives final approval from SEBON; paid up capital to stand at Rs.98.25 Crore after issue of 32.75 Lakh units as rights
- Everest Insurance's 300% right shares added in SEBON's pipeline; Paid-up capital to reach Rs 1.09 arba
- Citizen investment trust endorses 22% bonus shares from the profit of FY 2074/75; Proposal pending approval from AGM
- Gentle Reminder! Mithila Laghubitta closing 50% right shares issue from today; requested to apply before banking hour
- Reliance Finance proposes distribution of 2.63% cash dividend for FY 74/75; 12.63% dividend of FY 73/74 not yet endorsed
- 34th AGM of Nabil Bank to be held today; 12% bonus share to be distributed
IPO News
- Trishuli Jal Vidhyut to float IPO from today; just need to invest 10% until 75% project is completed; IPO rating not done
- Union Hydropower issuing 35.34 lakh units IPO shares to general public; per megawatt cost stands at Rs 26.50 crore
- Allotment of Mountain Hydro's IPO on Chaitra 3, 2075; All applicants to be allotted
- IPO of Mailung Khola Jal Vidhyut Company thrown into uncertainty; Rs 7.36 crore worth IPO receives poor rating from ICRA Nepal indicating week financial fundamentals
- Trishuli Jal Vidhyut first to float IPO under the "Citizens Hydropower Project" scheme; just need to invest 10% until 75% project is completed
- Hydropower companies under "Citizens' Hydropower Project" to issue IPO without credit rating; SEBON issues formal notice
- 37.05 lakh unit shares of Trishuli Jal Vidhyut added in SEBON’s IPO pipeline; company jointly promoted by NEA and NTC
- Outstanding response is seen in IPO issue of Sparsha Laghubitta; Oversubscribed by 33 times; out of every 12 applicants applied 1 will get 10 kitta
- 39.36 lakh unit shares of Mountain Energy added in SEBON’s IPO pipeline; CARE rating assigns Grade 4+ to the issue
- Sparsha Lagbubitta closing IPO issue from today; already oversubscribed by 23 times
Interviews
“You don’t become a CEO simply to handle big files. You become a CEO to prepare your employees so that they can handle big files too” An interview with Mr. Parshuram Kunwar Chhetri; CEO of Janata Bank Nepal
2 months ago-Dheerusha Tiwari “Nepali janata ko Bank, Janata Bank Nepal” Janata Bank Nepal has left no stone unturned in order to substantiate this tagline among its clients, corporates and associates. The motto of this tagline does not simply reflect the objective of Janata Bank Nepal. In fact, the tagline also aligns with the banking journey of Mr. Parshuram Kunwar Chhetri who is in the position of CEO at Janata Bank. Mr. Chhetri attained his primary education from India but completed his re...
"Entrepreneurship is more about uncovering the illusion of knowledge than just putting up a product"; Intervie...
2 months agoSixit Bhatta, CEO and co-founder of Tootle, has played a crucial part in changing the way people commute through the introduction of the Tootle app. Tootle is a smart-phone app that provides platform...
200 times portfolio growth in 7 years; 23 year old prodigy in Nepali stock market; Interview with Sijan Bajrac...
2 months agoAnything that gets a little complicated often gets attacked with myths. Similar myths also shroud the capital market of Nepal. If we look at the total number of people involved, the primary market has...
Establishing the culture of Gold Financing in Nepal through partnership with Muthood Finance; Exclusive interv...
2 months agoSunanda Shrestha, CEO of United Finance, with over 25 years of experience in the Banking and Finance industry knows how to keep calm and evolve with the evolving market conditions. He started his care...
“The problem of liquidity will be solved once BFIs, NBA and NRB come together” An interview with Mr. Chinta Ma...
3 months ago“The job of central bank is to worry”. Alice Rivlin Eleven consecutive days of rise in interest rates on deposits of commercial banks, revoke of Gentlemen’s Agreement by Nepal Banke...
Auction Data
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Upcoming Issue
| S.No | Company Name | Units | Sector | Remark |
|---|---|---|---|---|
| 1 | Mountain Energy Nepal Limited | 3,936,054 | Non Category | |
| 2 | Nepal Agro Laghubitta Bittiya Sanstha Limited | 161,778 | Microfinance | |
| 3 | Infinity Laghubitta Bittiya Sanstha Limited | 674,000 | Microfinance | |
| 4 | Janasewi Laghubitta Bittiya Sanstha Limited | 463,300 | Microfinance | |
| 5 | Himal Dolakha Hydropower Company Limited | 7,800,000 | Non Category | (For Local People : 16,00,000 kitta For General Public : 62,00,000 kitta ) |
Sub Indices
As of 2019-03-21
| Sub-Indices | Open | High | Low | Close | Turnover | Point | % Change | 52 Week High | 52 Week Low |
|---|---|---|---|---|---|---|---|---|---|
| Banking Sub | 992.04 | 994.12 | 984.46 | 985.13 | 113,844,000 | -7.18 | -0.72 | 1,263.83 | 936.83 |
| Development Bank | 1,447.52 | 1,449.97 | 1,441.67 | 1,449.97 | 40,631,200 | 2.86 | 0.20 | 1,714.20 | 1,372.56 |
| Finance | 619.52 | 621.07 | 615.19 | 617.68 | 22,315,100 | -1.49 | -0.24 | 714.72 | 584.35 |
| Hotels | 1,738.11 | 1,738.11 | 1,706.62 | 1,728.06 | 1,435,250 | 1.04 | 0.06 | 2,154.47 | 1,663.00 |
| HydroPower | 1,166.20 | 1,167.06 | 1,152.83 | 1,156.62 | 18,435,400 | -5.83 | -0.50 | 1,823.64 | 1,101.83 |
| Life Insu | 5,914.98 | 5,927.93 | 5,840.62 | 5,847.00 | 40,896,200 | -61.76 | -1.05 | 6,456.18 | 4,923.90 |
| Manufacturing And Processing | 2,041.60 | 2,042.06 | 2,036.94 | 2,036.94 | 96,070 | 1.16 | 0.06 | 2,410.30 | 0.00 |
| Microfinance | 1,398.47 | 1,399.77 | 1,382.05 | 1,386.83 | 23,586,600 | -9.71 | -0.70 | 1,847.80 | 1,225.35 |
| Non Life Insu | 5,450.95 | 5,454.59 | 5,377.53 | 5,377.53 | 61,637,700 | -47.11 | -0.87 | 6,201.18 | 4,855.54 |
| Others | 708.15 | 709.22 | 702.34 | 703.84 | 11,427,900 | 0.77 | 0.11 | 804.59 | 655.84 |
| Trading | 244.90 | 244.90 | 244.90 | 244.90 | 32,660 | -2.78 | -1.12 | 259.10 | 0.00 |
Company Analysis
Analysis
Chilime and Butwal power in the lead among hydropower companies! Know more about the sector's status
We cannot deny the potentiality of the development of our country lies in the water infrastructures. The abundant rivers, glaciers and lakes in Nepal shows that water resources can be a foundation for the infrastructural development of the country. One of the sectors that can make optimum utilization of water resources is hydropower sector. However, have the hydro powers been able to make a sustainable utilization of the water resources? The problem of power cut has been solved through the management of current resources. However, the question...
Which stocks did mutual funds purchase in the recent month?
The diminishing index of NEPSE has discouraged a lot of individual investors. In such scenarios what steps are institutional investors taking? It will be interesting to see what sh...
Oriental Insurance reports increase in net profit by more than 180% for the end of the second quarter; number...
Oriental Insurance has posted a massive increase in its net profit by 182.90% in the second quarter of the ongoing fiscal year 2075/76. Publishing the financial report today, it po...
Why the status of commercial banks is still risky? A brief picture of Funding and Non Funding Income
The income aspect of banks revolves around receiving deposits and lending loans. In between this process, banks charge higher percentage of interest on the loan they disburse and p...
Kalika Power Company Limited announced 11th AGM ; Book to remain close on Falgun 27, 2075
Kalika Power Company Limited (KPCL) has announced its 11th Annual General Meeting (AGM) on chaitra 8, 2075. The AGM is going to be held at company's registered office located...
Credit Rating
| S.No | Symbol | Company Name | Product | Offering | Grade | Published Date |
|---|---|---|---|---|---|---|
| 1 | MAILUNG | Mailung Khola Jal Vidhyut Company Limited | IPO (equity) Grading | NPR 73.63 million | [ICRANP] IPO Grade 5 (Assigned) | 2019-03-17 |
| 2 | NICL | Nepal Insurance Company Limited | Rights Issue (Equity shares) | NPR 401.46515823 million | [ICRANP] IPO Grade 4+ (Assigned) | 2019-03-06 |
| 3 | GBLBS | Grameen Bikas Laghubitta Bittiya Sanstha Limited | Rights Share Issue (equity) Grading | NPR 327.5 Million | [ICRANP] IPO Grade 4 (Assigned) | 2019-02-26 |
| 4 | MHNL | Mountain Hydro Nepal Limited | IPO (equity) Grading | NPR 181.611 million | [ICRANP] IPO Grade 4 (Assigned) | 2019-02-25 |
| 5 | GBIME | Global IME Bank Limited | Subordinated Debenture Programme | NPR 1,500 million | [ICRANP] LA- (Assigned) | 2019-02-22 |
| S.No | Symbol | Company Name | Product | Offering | Grade | Published Date |
|---|---|---|---|---|---|---|
| 1 | MENL | Mountain Energy Nepal Limited | Initial Public Offering (IPO) | NPR 393.6054 million | CARE-NP IPO Grade 4+ [IPO Grade Four Plus] (Assigned) | 2019-03-11 |
| 2 | IMBSL | Infinity Laghubitta Bittiya Sanstha Limited | Initial Public Offer | 67.40 Million | CARE-NP IPO Grade 4 [IPO Grade Four] Reaffirmed (enhanced from Rs.60.00 Mn) | 2019-02-25 |
| 3 | NICA | NIC Asia Bank Limited | Subordinated Debenture “10% NIC Asia Debenture 2085/86” | NPR 4,000 Million | CARE-NP A [Single A] (Assigned) | 2019-01-31 |
| 4 | NICA | NIC Asia Bank Limited | Subordinated Debenture “11% NIC Asia Debenture 2082/83” | NPR 1,830 million | CARE-NP A [Single A] (Reaffirmed) | 2019-01-31 |
| 5 | NICA | NIC Asia Bank Limited | Issuer Rating | NA | CARE-NP A (Is) [Single A (Issuer)] (Reaffirmed) | 2019-01-31 |
Mergers & Acquisitions
| S.No | Name of Mergred Companies | Company Name | Sector | Action | Swap Ratio | Trading | Joint Date |
|---|---|---|---|---|---|---|---|
| 1 | Jyoti Bikash Bank Limited & Hamro Bikas Bank Limited |
Jyoti Bikash Bank Limited | Development Bank | Acquisiton | 1:1 | Yes | 2019-03-11 |
| 2 | Prime Commercial Bank Limited and Om Development Bank Limited |
Prime Commercial Bank Limited | Commercial Bank | Acquisiton | 100:80 | No | 2018-08-19 |
| 3 | Mountain Eneryg Nepal Ltd, Robust Energy Ltd and Aadhisakti Vidhyut Bikas Co. Ltd |
Mountain Energy Nepal Limited | Non Category | Acquisiton | No | 2018-09-13 | |
| 4 | Best Finance Company Limited & Synergy Finance Limited | Best Finance Company Limited | Finance | Acquisiton | 1:1 | Yes | 2018-07-02 |
| 5 | Rastriya Banijya Bank Limited and NIDC Development Bank Limited | Rastriya Banijya Bank Limited | Non Category | Merger | 1:1 | No | 2018-04-05 |
| S.No | Name of Mergred Companies | Company Name | Sector | Action | MOU Date |
|---|---|---|---|---|---|
| 1 | Nepal Investment Bank Limited and Jebil's Finance Limited |
Nepal Investment Bank Limited | Commercial Bank | Acquisiton | 2019-03-10 |
| 2 | Shine Resunga Development Bank Limited and Purnima Bikas Bank Limited |
Shine Resunga Development Bank Limited | Development Bank | Acquisiton | 2019-03-10 |
| 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 |
| 5 | Saptakoshi Development Bank Limited and Kabeli Bikas Bank Limited |
Saptakoshi Development Bank Limited | Development Bank | Acquisiton |
