- NRB to issue Treasury Bills worth Rs.10 Arba; bills with different maturity dates to be offered while 15% reserved for non-competitive bidders
- Prabhu Bank expands in Khadbari of Sankhuwasabha and Gaighat of Udayapur
- Global IME Bank now in Srinagar of Salyan via its latest branch
- Siddhartha Bank inks bancassurance deal with Mahalaxmi Life Insurance
- Asha Laghubitta conducts 3 day detergent making training for 75 rural women in Bhanu of Tanahun
- Kamana Sewa Bikas Bank to collaborate under bancassurance deal with Sagarmatha Insurance
- Market falls for the fourth consecutive day to close at 1134.80 points; both newly listed companies hit the negative circuit today
- NIC ASIA Bank extends services in Belbas of Butwal
- Muktinath Bikas Bank continues support and engagement with Bagmati and Pokhara Cleaning initiatives; commits relentlessly towards cleanliness and environment protection
- Sparrow SMS Marks Ninth Anniversary With 15 Million Users; Providing SMS Services To 1800+ Organizations Across Nepal
Featured
Sharesansar conducts training program at Kathmandu University School of Management; about 150 participants were present
Sharesansar conducted a 1 day stock market training program at Kathmandu University School of Management (KUSOM), Balkumari, Lalitpur on Chaitra 8, 2075. Mr Sandeep Bikram Rana, Managing Director of...
Exclusive News
Ongoing debenture issue of "10.25% Global IME debenture 2080/81"; Information that you need to decide whether to invest
Company profile Global Bank Limited was incorporated in 2007 as a “Class A” commercial bank. Today it is known as Global IME Bank (GBIME) after small mergers with seven banking and financial institutions of various classes. GBIME is currently serving Nepali customers through a network of 131 branches, 100 branchless banking units and 133 ATMs as of mid-October 2018. About 51% of the bank’s shares are held by the promoters while the rest (~49%) is held by the public. GBIME’s registered and corporate office is in Kamaladi, Kathmandu. Mr. Mahesh Sharma Dhakal is the Acting Chief Executive Officer of the bank. GBIME is c...
An economy of Rs 3 trillion with 157 banks and financial institutions; What is hindering the consoli...
On Shrawan, 2072 Nepal Rastra Bank (NRB) issued a directive mandating a rise in the minimum paid-up capital of all the banks and financial institutions. The primary goal – Co...
Growth of Non-life Insurance sector after the earthquake; Surpasses life insurance sector's growth i...
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....
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...
Announcement
- 2019-03-25 Sahayogi Vikas Bank Limited is distributing its 17% cash dividend directly to bank accounts of its shareholders.
- 2019-03-25 Nepal Hydro and Electric Limited has announced its Special General Meeting going to be held on 27th Chaitra, 2075.
- 2019-03-25 Trishuli Jal Vidhyut Company Limited is closing its 37,05,000 units IPO shares to the general public from today (11th Chaitra, 2075).
- 2019-03-25 Everest Bank Limited has published a notice regarding new interest rate and its effective from 11th Chaitra, 2075.
- 2019-03-25 Civil Bank Limited has published a notice regarding new interest rate and its effective from 11th Chaitra, 2075.
- 2019-03-25 Kumari Bank Limited has published a notice regarding new interest rate and its effective from 11th Chaitra, 2075.
- 2019-03-24 Gurans Life Insurance Company Limited is issuing it's 2:1 ratio 29,70,000 units right share to its shareholders from (28th Chaitra, 2075 to 1st Jestha, 2076).
- 2019-03-24 NIBL Ace Capital Limited has published “NIBL Pragati Fund” Net Assets Value (NAV) till Falgun, 2075.
- 2019-03-24 NIBL Ace Capital Limited has published “NIBL Samriddhi Fund-1” Net Assets Value (NAV) till Falgun, 2075.
- 2019-03-24 Bhargav Bikash Bank Limited has announced its 11th AGM going to be held on 30th Chaitra, 2075.
AGM - SGM
| Symbol | AGM | Book Closure | AGM Date | Fiscal Year |
|---|---|---|---|---|
| KMFL | 6th | 2018-12-15 | 2018-12-22 | 2074/2075 |
| SLBSL | 5th | 2019-03-25 | 2019-04-07 | 2074/2075 |
| KBBL | 25th | 2018-12-21 | 2019-01-06 | 2074/2075 |
| ADBL | 12th | 2019-02-28 | 2019-03-29 | 2074/2075 |
| SMTHL | 3rd | 2019-01-09 | 2074/2075 | |
| MEGA | 8th | 2018-12-31 | 2019-01-14 | 2074/2075 |
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
- Gurans Life Insurance to issue 50% right shares from Chaitra 28; issue closes on Jestha 1
- 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
IPO News
- Trisuli Jal Vidhyut Company IPO closes from today; issue already oversubscribed by more than 10 times
- Trishuli Jal Vidhyut IPO already oversubscribed by 10 times; issue to be closed tomorrow after banking hour
- Ganapati Microfinance to float 3.35 lakh unit shares of IPO soon; SEBON provides final approval
- Massive response received for Trisuli Jal Vidhyut on first day; issue already oversubscribed by 1.67 times
- Sparsha Laghubitta IPO to be allotted on Sunday; only one in every 12 applicants to be allotted 10 units
- 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
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...
3 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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An economy of Rs 3 trillion with 157 banks and financial institutions; What is hindering the consolidation goal of Nepal Rastra Bank
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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 2019-03-24
| Sub-Indices | Open | High | Low | Close | Turnover | Point | % Change | 52 Week High | 52 Week Low |
|---|---|---|---|---|---|---|---|---|---|
| Banking Sub | 986.60 | 987.46 | 976.56 | 980.48 | 93,464,700 | -4.65 | -0.47 | 1,263.83 | 936.83 |
| Development Bank | 1,450.47 | 1,450.47 | 1,437.82 | 1,437.95 | 31,973,500 | -12.02 | -0.83 | 1,714.20 | 1,372.56 |
| Finance | 618.15 | 618.82 | 617.19 | 617.30 | 28,370,700 | -0.38 | -0.06 | 714.72 | 584.35 |
| Hotels | 1,728.62 | 1,728.62 | 1,704.87 | 1,708.97 | 1,147,100 | -19.09 | -1.10 | 2,154.47 | 1,663.00 |
| HydroPower | 1,156.62 | 1,157.62 | 1,145.24 | 1,157.62 | 21,262,100 | 1.00 | 0.09 | 1,823.64 | 1,101.83 |
| Life Insu | 5,841.17 | 5,862.75 | 5,790.63 | 5,803.86 | 15,638,200 | -43.14 | -0.74 | 6,456.18 | 4,923.90 |
| Manufacturing And Processing | 2,023.28 | 2,023.28 | 2,023.28 | 2,023.28 | 325,305 | -13.66 | -0.67 | 2,410.30 | 0.00 |
| Microfinance | 1,385.77 | 1,386.59 | 1,374.07 | 1,377.52 | 28,844,400 | -9.31 | -0.67 | 1,847.80 | 1,225.35 |
| Non Life Insu | 5,377.17 | 5,377.17 | 5,314.59 | 5,322.84 | 35,380,000 | -54.69 | -1.02 | 6,201.18 | 4,855.54 |
| Others | 703.31 | 704.76 | 699.26 | 702.43 | 14,058,100 | -1.41 | -0.20 | 804.59 | 655.84 |
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 | SSHL | Shiva Shree Hydropower Limited | Initial Public Offer | 335.113 | CARE-NP IPO Grade 4 [IPO Grade Four] (Assigned) | 2019-03-25 |
| 2 | 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 |
| 3 | 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 |
| 4 | 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 |
| 5 | 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 |
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 |
