Credit Rating

S.No Symbol Company Name Product Offering Grade Published Date
1 GLICL Gurans Life Insurance Company Limited Rights Issue (Equity) NPR 297 million [ICRANP] IPO Grade 4 (Assigned) 2019-02-15
2 NIB Nepal Investment Bank Limited Subordinated Debenture Programme (fresh) NPR 2,000 Million [ICRANP] LA+ (Assigned) 2019-02-12
3 NIB Nepal Investment Bank Limited Subordinated Debenture Programme (existing) NPR 750 Million [ICRANP] LA+ (Reaffirmed) 2019-02-12
4 NIB Nepal Investment Bank Limited Issuer Rating NA [ICRANP-IR] A+ (Reaffirmed) 2019-02-12
5 API Api Power Company Limited Rights issue (equity) NPR 2,268 million [ICRANP] IPO Grade 4 (Assigned) 2019-02-10
6 EMERGING Emerging Nepal Limited IPO (equity) Grading NPR 50 million [ICRANP] IPO Grade 4 (Assigned) 2019-02-10
7 JLBS Janasewi Laghubitta Bittiya Sanstha Limited IPO (equity) Grading NPR 46.33 Million1 [ICRANP] IPO Grade 4 (Assigned in August 2018; reaffirmed for enhanced IPO size in January 2019) 2019-02-01
8 RHCL Rasuwagadhi Hydropower Company Limited IPO (equity) Grading NPR 1,026.315 Million [ICRANP] IPO Grade 4+ (Assigned) 2019-01-29
9 NMB NMB Bank Limited Subordinated Debenture Programme (fresh) NPR 3,000 million [ICRANP] LA- (assigned) 2019-01-24
10 NMB NMB Bank Limited Subordinated Debenture Programme (existing) NPR 500 million [ICRANP] LA- (reaffirmed) 2019-01-24
11 NMB NMB Bank Limited Issuer Rating NA [ICRANP-IR] A- (reaffirmed) 2019-01-24
12 Sanjen Sanjen Hydropower Company Limited IPO (equity) Grading NPR 547.50 Million [ICRANP] IPO Grade 4+ (Assigned) 2019-01-13
13 SHUVAM Shuvam Power Limited IPO (equity) Grading NPR 58.058 million [ICRANP] IPO Grade 5 (Assigned) 2019-01-13
14 MERO Mero Microfinance Laghubitta Bittiya Sanstha Limited Rights Share Issue (equity) Grading NPR 328.90 Million [ICRANP] IPO Grade 4+ (Assigned) 2019-01-13
15 LAXMICAP Laxmi Capital Market Limited Fund Management Quality Rating (FMQR) NA [ICRANP] AMC Quality 3 (AMC 3) (Reaffirmed) 2019-01-03
16 GHL Ghalemdi Hydro Limited IPO (equity) Grading NPR 155.577 Million [ICRANP] IPO Grade 5 (Assigned) 2018-12-20
17 ULICL Union Life Insurance Company Limited IPO (Equity) grading NPR 645 million [ICRANP] IPO Grade 4+ (Assigned) 2018-12-20
18 NICACL NIC Asia Capital Limited Fund Management Quality Rating (FMQR) NA [ICRANP] AMC Quality 3 (AMC 3) (Reaffirmed) 2018-12-12
19 MPFL Multipurpose Finance Company Limited Rights Share Issue (Equity Shares) NPR 358.5264 Million [ICRANP] IPO Grade 5 (Assigned) 2018-12-12
20 EHL Eastern Hydropower Limited IPO (equity) Grading NPR 155 million [ICRANP] IPO Grade 5 (Assigned) 2018-12-11
21 BHAIRAB Bhairabkunda Hydropower Limited IPO (equity) Grading NPR 318.328 million [ICRANP] IPO Grade 5 (Assigned) 2018-11-11
22 UHCL Unique Hydel Company Limited IPO (equity) Grading NPR 220 million [ICRANP] IPO Grade 5 (Assigned) 2018-11-01
23 CZBIL Citizens Bank International Limited Subordinated Bond Programme NPR 2,500 Million [ICRANP] LBBB+ (Assigned) 2018-11-01
24 CZBIL Citizens Bank International Limited Issuer Rating NA [ICRANP-IR] BBB+ (Reaffirmed) 2018-11-01
25 CZBIL Citizens Bank International Limited Subordinated Bond Programme NPR 500 Million [ICRANP] LBBB+ (Reaffirmed) 2018-11-01
26 SANCAP Sanima Capital Limited Fund Management Quality Rating (FMQR) NA [ICRANP] AMC Quality 3 (AMC 3) (Reaffirmed) 2018-10-30
27 RJPL Ru Ru Jalvidut Pariyojana Limited IPO (equity) Grading NPR 81.5411 Million [ICRANP] IPO Grade 4+ (Assigned) 2018-10-14
28 SBL Siddhartha Bank Limited Subordinated Debenture Program NPR 2,250 million [ICRANP] LBBB+ (assigned) 2018-09-02
29 SBL Siddhartha Bank Limited Issuer Rating NA [ICRANP-IR] BBB+ (reaffirmed) 2018-09-02
30 SBL Siddhartha Bank Limited Subordinated Debenture Program NPR 500 Million [ICRANP] LBBB+ (reaffirmed) 2018-09-02
31 LBL Laxmi Bank Limited Issuer Rating NA [ICRANP] IR BBB+ (upgraded) 2018-08-26
32 BOKL Bank of Kathmandu Limited Subordinated Bond Program NPR 600 Million [ICRANP] LBBB+ (reaffirmed) 2018-08-26
33 CZBIL Citizens Bank International Limited Further Public Offer (Equity Shares) NPR 92.7652 Million [ICRANP] IPO Grade 3 (Assigned on April 2018 and revalidated with FPO price update on July 2018) 2018-07-26
34 HBL Himalayan Bank Limited Subordinated Bond Program “8% HBL Bond 2077” NPR 600 Million1 [ICRANP] LA (Reaffirmed); rating watch with negative implications removed 2018-07-25
35 HBL Himalayan Bank Limited Subordinated Bond (Not issued) “HBL Bond 2079” NPR 500 Million [ICRANP] LA@ (Rating withdrawn) 2018-07-25
36 CHLBS Chautari Laghubitta Bittiya Sanstha Limited IPO (equity) Grading NPR 54 Million [ICRANP] IPO Grade 4 (Assigned) 2018-07-20
37 EBL Everest Bank Limited Subordinated Debenture Program1 NPR 600 Million [ICRANP] LA+ (upgraded)* 2018-07-18
38 CBIL CBIL Capital Limited IPO (equity) Grading NPR 30 million [ICRANP] IPO Grade 4 (Assigned) 2018-07-16
39 NIBLACE NIBL Ace Capital Limited Fund Management Quality Rating (FMQR) NA [ICRANP] AMC Quality 3 (AMC 3) (Reaffirmed) 2018-07-13
40 AKJCL Ankhukhola Hydropower Company Limited IPO (equity) Grading NPR 200 million [ICRANP] IPO Grade 5 (Assigned) 2018-07-13
41 SANIMA Sanima Bank Limited Subordinated Debenture Program NPR 370 Million1 [ICRANP] LA- (reaffirmed) 2018-07-01
42 NNLB Naya Nepal Laghubitta Bikas Bank Limited Rights Share Issue NPR 60 Million [ICRANP] IPO Grade 5 (Assigned) 2018-07-01
43 HUBCL Himalaya Urja Bikas Company Limited IPO (equity) Grading NPR 247.50 million [ICRANP] IPO Grade 4 (Assigned) 2018-07-01
44 UHCL Union Hydropower Company Limited IPO (equity) Grading NPR 366.255 million1 [ICRANP] IPO Grade 5 (Assigned) 2018-07-01
45 SHCL Shivam Cement Limited Initial Public Offerings (equity) NPR 2,024 million1 [ICRANP] IPO Grade 3+ (Assigned on March 2018 and revalidated with IPO price update in June 2018) 2018-07-01
46 SANIMA Sanima Bank Limited Subordinated Debenture Program NPR 2,000 million [ICRANP] LA- (assigned) 2018-07-01
47 SANIMA Sanima Bank Limited Issuer Rating NA [ICRANP-IR] A- (reaffirmed) 2018-07-01
48 WMBF World Merchant Banking & Finance Limited Rights Share Issue NPR 363.9606 million [ICRANP] IPO Grade 5 (Assigned) 2018-06-20
49 SFFIL Srijana Finance Limited Rights Share Issue (Equity shares) NPR 240.41 Million [ICRANP] IPO Grade 4 (Assigned) 2018-06-18
50 UPCL Universal Power Company Limited IPO (equity) Grading NPR 966.161 million [ICRANP] IPO Grade 4 (Assigned) 2018-06-14
51 NIB Nepal Investment Bank Limited Subordinated Debentures Program NPR 750 Million [ICRANP] LA+ (Upgraded) 2018-06-12
52 NIB Nepal Investment Bank Limited Issuer Rating NA [ICRANP-IR] A+ (Upgraded) 2018-06-12
53 NMB NMB Bank Limited Further Public Offer (FPO) (Equity) NPR 3,801.2493 million [ICRANP] IPO Grade 3 (Assigned on Jan 2018 and revalidated with FPO price update on June 2018) 2018-06-04
54 NBBL Nagbeli Laghubitta Bikash Bank Limited Rights Share Issue ~NPR 76.64 Million [ICRANP] IPO Grade 4 (Assigned) 2018-05-22
55 SLBBL Swarojgar Laghubitta Bittiya Sanstha Limited Rights Share Issue NPR 122.49976 Million [ICRANP] IPO Grade 4+ (Assigned) 2018-05-22
56 IGI IME General Insurance Limited Rights shares issue NPR 432 million [ICRANP] IPO Grade 4 (Assigned) 2018-05-04
57 GBIME Global IME Bank Limited Issuer Rating NA [ICRANP-IR] A- (Reaffirmed), “rating watch with negative implications” removed 2018-05-01
58 NABILINV Nabil Investment Banking Limited Fund Management Quality Rating (FMQR) NA [ICRANP] AMC Quality 3+ (AMC 3+) (Reaffirmed) 2018-04-17
59 NMBCAP NMB Capital Limited Fund Management Quality Rating (FMQR) NA [ICRANP] AMC Quality 3+ (AMC 3+) (upgraded) 2018-04-17
60 SIL Siddhartha Insurance Limited Rights issue (Equity) NPR 224.49735 million [ICRANP] IPO Grade 3+ (Assigned) 2018-04-17
61 NADEP NADEP Laghubitta Bittiya Sanstha Limited Initial Public Offer (Equity) NPR 48 million [ICRANP] IPO Grade 4+ (Assigned) 2018-04-09
62 RSDC RSDC Laghubitta Bittiya Sanstha Limited Rights Issue (Equity) NPR 215.96 million [ICRANP] IPO Grade 4 (Assigned) 2018-04-02
63 JOSHI Joshi Hydropower Development Company Limited IPO (equity) Grading NPR 181.986 million [ICRANP] IPO Grade 5 (Assigned) 2018-03-30
64 BARUN Barun Hydropower Company Limited Rights issue (equity) NPR 255.15 million [ICRANP] IPO Grade 4 (Assigned) 2018-03-23
65 MMFDB Mirmire Laghubitta Bittiya Sanstha Limited Rights Share Issue NPR 45 Million [ICRANP] IPO Grade 4 (Assigned) 2018-03-18
66 GLICL Gurans Life Insurance Company Limited Rights Issue (Equity) NPR 297 million [ICRANP] IPO Grade 4 (Assigned) 2018-02-22
67 DBBL Deva Bikas Bank Limited Rights Issue (Equity shares) NPR 653.31 million [ICRANP] IPO Grade 4 (Assigned) 2018-02-16
68 SSHL Shiva Shree Hydropower Limited IPO (equity) Grading NPR 369.1 million1 [ICRANP] IPO Grade 4 (Assigned) 2018-02-12
69 SLICL Surya Life Insurance Company Limited Rights Issue (Equity) NPR 288.75 million [ICRANP] IPO Grade 4 (Assigned) 2018-02-09
70 KBL Kumari Bank Limited Rights issue (Equity) NPR 1,193.90 million [ICRANP] IPO Grade 4+ (Assigned) 2018-02-09
71 NMB NMB Bank Limited Issuer Rating NA [ICRANP IR] A (upgraded) 2018-02-04
72 NMB NMB Bank Limited Subordinated Bond Program NPR 500 Million [ICRANP] LA- (upgraded) 2018-02-04
73 SHBL Sahara Bikas Bank Limited Rights Share Issue NPR 182.49 Million [ICRANP] IPO Grade 5 (Assigned) 2018-01-29
74 UPPER Upper Tamakoshi Hydropower Limited IPO (equity) Grading NPR 2,647.50 Million [ICRANP] IPO Grade 4 (Assigned) 2018-01-29
75 SYFL Synergy Finance Limited Rights Issue (Equity shares) NPR 118.602247 million [ICRANP] IPO Grade 5 (Assigned) 2018-01-16
76 NICL Nepal Insurance Company Limited Rights Issue (Equity shares) NPR 301.98861 million [ICRANP] IPO Grade 4+ (Assigned) 2018-01-16
77 CBIL CBIL Capital Limited Fund Management Quality Rating (FMQR) NA [ICRANP] AMC Quality 3 (AMC 3) (Reaffirmed) 2018-01-11
78 KSBBL Kamana Sewa Bikas Bank Limited Rights Issue (Equity shares) NPR 309.42 million [ICRANP] IPO Grade 4+ (Assigned) 2018-01-11
79 MHNL Mountain Hydro Nepal Limited IPO (equity) Grading NPR 250 million [ICRANP] IPO Grade 4 (Assigned) 2018-01-10
80 PLIC Prime Life Insurance Company Limited Rights Issue (Equity) NPR 976.32 million [ICRANP] IPO Grade 4+ (Assigned) 2018-01-10
81 NLICL National Life Insurance Company Limited Rights Issue (Equity) NPR 993.647754 million [ICRANP] IPO Grade 3 (Assigned) 2018-01-05
82 BPCL Butwal Power Company Limited Further Public Offer (Equity shares) NPR 2,044.58 million [ICRANP] IPO Grade 3 (Assigned on May 2017 and revalidated with FPO price update on Dec 2017) 2018-01-05
83 FMDBL First Microfinance Laghubitta Bittiya Sanstha Limited Rights Issue Grading NPR 228.1313 million [ICRANP] IPO Grade 3 (Assigned) 2018-01-05
84 SBL Siddhartha Bank Limited Rights issue (Equity) NPR 682.611719 million [ICRANP] IPO Grade 3 (Assigned) 2017-12-29
85 PIC Premier Insurance Company Limited Further Public Offer (Equity shares) NPR 526.99 million [ICRANP] IPO Grade 3+ (Assigned on Feb 2017 and revalidated with FPO price update on Dec 2017) 2017-12-29
86 CFCL Central Finance Limited Rights Share Issue NPR 260.33 [ICRANP] IPO Grade 5 (Assigned) 2017-12-17
87 NICA NIC Asia Bank Limited Subordinated Bond Program “NIC Asia Bond 2081/82” NPR 3,000 Million [ICRANP] LA- (Assigned) 2017-12-17
88 NICA NIC Asia Bank Limited Subordinated Bond Program “7.25% NIC Asia Bond 2077” NPR 500 Million [ICRANP] LA- (Reaffirmed) 2017-12-17
89 NICA NIC Asia Bank Limited Issuer Rating NA [ICRANP-IR] A- (Reaffirmed) 2017-12-17
90 GHL Ghalemdi Hydro Limited IPO (equity) Grading NPR 165 million [ICRANP] IPO Grade 4 (Assigned) 2017-12-14
91 ALICL Asian Life Insurance Company Limited Rights Issue (Equity) NPR 402.79662 million [ICRANP] IPO Grade 4+ (Assigned) 2017-12-05
92 LBBL Lumbini Bikas Bank Limited Rights Issue (Equity) NPR 200.89 million [ICRANP] IPO Grade 4 (Assigned) 2017-12-05
93 NIL Neco Insurance Company Limited Rights Issue (Equity shares) NPR 392.0925 million [ICRANP] IPO Grade 3 (Assigned) 2017-11-29
94 SSHL Shiva Shree Hydropower Limited IPO (equity) Grading NPR 350 million [ICRANP] IPO Grade 4 (Assigned) 2017-11-29
95 PFL Pokhara Finance Limited Rights Issue (Equity Shares) NPR 98.37 Million [ICRANP] IPO Grade 4 (Assigned) 2017-11-10
96 SADBL Shangrila Development Bank Limited Rights Issue (Equity shares) NPR 1,086.78 million [ICRANP] IPO Grade 3 (Assigned) 2017-11-07
97 GDBL Gandaki Bikas Bank Limited Rights Issue (Equity shares) NPR 460.9816 million [ICRANP] IPO Grade 3 (Assigned) 2017-10-30
98 SBI Nepal SBI Bank Limited Issuer Rating NA [ICRANP-IR] AA (Reaffirmed) 2017-10-26
99 SBI Nepal SBI Bank Limited Subordinated Debenture Program NPR 200 Million [ICRANP] LAA (Reaffirmed) 2017-10-26
100 PICL Prudential Insurance Company Limited Rights Issue Grading NPR 128.304 million [ICRANP] IPO Grade 3 (Assigned) 2017-10-23
101 KPCL Kalika Power Company Limited IPO (Equity) Grading NPR 180 million [ICRANP] IPO Grade 4 (Assigned) 2017-10-13
102 UHCL Union Hydropower Company Limited IPO (equity) Grading NPR 250 million1 [ICRANP] IPO Grade 5 (Assigned) 2017-10-10
103 NABIL Nabil Bank Limited Issuer Rating NA [ICRANP-IR] AA- (Reaffirmed) 2017-09-22
104 API Api Power Company Limited Rights Issue (equity) NPR 2,100 million [ICRANP] IPO Grade 4 (Assigned) 2017-09-22
105 PMHPL Panchakanya Mai Hydropower Limited IPO (equity) Grading NPR 220 million [ICRANP] IPO Grade 4 (Assigned) 2017-09-22
106 AKJCL Ankhukhola Hydropower Company Limited IPO (equity) Grading NPR 200 million [ICRANP] IPO Grade 5 (Assigned) 2017-09-22
107 SRS Shree Ram Sugar Mills Limited Rights Issue (equity) NPR 890 million [ICRANP] IPO Grade 5 (Assigned) 2017-09-15
108 RADHI Radhi Bidyut Company Limited IPO (equity) Grading NPR 102.5 million* [ICRANP] IPO Grade 3 (Assigned) 2017-09-03
109 Sanjen Sanjen Hydropower Company Limited IPO (equity) Grading NPR 876 Million [ICRANP] IPO Grade 4+ (Assigned) 2017-08-30
110 NHDL Nepal Hydro Developer Limited IPO (equity) Grading NPR 39 million [ICRANP] IPO Grade 4 (Assigned) 2017-08-16
111 GRDBL Green Development Bank Limited Rights Share Issue NPR 400 Million [ICRANP] IPO Grade 5 (Assigned) 2017-08-13
112 SANCAP Sanima Capital Limited Fund Management Quality Rating (FMQR) NA [ICRANP] AMC Quality 3 (AMC 3) (Assigned) 2017-08-13
113 SMFDB Summit Laghubitta Bittiya Sanstha Limited Rights Share Issue NPR 72.50 Million [ICRANP] IPO Grade 4+ (Assigned) 2017-08-09
114 SANIMA Sanima Bank Limited Issuer Rating NA [ICRANP-IR] A- (assigned) 2017-08-03
115 SANIMA Sanima Bank Limited Subordinated Debenture Program NPR 370 Million1 [ICRANP] LA- (upgraded)* 2017-08-03
116 RHCL Rasuwagadhi Hydropower Company Limited IPO (equity) Grading NPR 1,642.104 Million [ICRANP] IPO Grade 4+ (Assigned) 2017-08-02
117 SBL Siddhartha Bank Limited Issuer Rating NA [ICRANP] IR BBB+ rating (upgraded) 2017-07-18
118 SBL Siddhartha Bank Limited Subordinated Debenture Program NPR 500 Million [ICRANP] LBBB+ rating (upgraded) 2017-07-18
119 SIDCL Siddhartha Capital Limited Fund Management Quality Rating (FMQR) NA [ICRANP] AMC Quality 3+ (AMC 3+) (upgraded) 2017-07-17
120 LGIL Lumbini General Insurance Limited Rights Issue (Equity shares) NPR 390 million [ICRANP] IPO Grade 3 (Assigned) 2017-07-16
121 NICACL NIC Asia Capital Limited Fund Management Quality Rating (FMQR) NA [ICRANP] AMC Quality 3 (AMC 3) (Assigned) 2017-07-16
122 GBLBS Grameen Bikas Laghubitta Bittiya Sanstha Limited Further Public Offer (Equity) NPR 97.50 million [ICRANP] IPO Grade 4 (Assigned) 2017-07-11
123 RSDC RSDC Laghubitta Bittiya Sanstha Limited Rights Issue (Equity) NPR 230 million [ICRANP] IPO Grade 4 (Assigned) 2017-07-09
124 HATH Hathway Finance Company Limited Rights Share Issue NPR 150 million [ICRANP] IPO Grade 5 (Assigned) 2017-07-07
125 PFL Pokhara Finance Limited Further Public Offer (Equity) NPR 216.41 Million [ICRANP] IPO Grade 4 (Assigned) 2017-07-06
126 BFC Best Finance Company Limited Rights Share Issue NPR 165.285 [ICRANP] IPO Grade 5 (Assigned) 2017-06-30
127 SHPC Sanima Mai Hydropower Limited Rights issue (Equity) NPR 1,055 million [ICRANP] IPO Grade 3 (Assigned) 2017-06-30
128 CZBIL Citizens Bank International Limited Issuer Rating NA [ICRANP-IR] BBB+ (Assigned) 2017-06-28
129 CZBIL Citizens Bank International Limited Subordinated Bond Program NPR 500 Million [ICRANP] LBBB+ (Upgraded) 2017-06-28
130 UHCL Unique Hydel Company Limited IPO (equity) Grading NPR 220 million [ICRANP] IPO Grade 5 (Assigned) 2017-06-26
131 NICA NIC Asia Bank Limited Subordinated Bond Program NPR 500 Million [ICRANP] LA- (Reaffirmed), “rating watch with negative implications” removed 2017-06-22
132 SHUVAM Shuvam Power Limited IPO (equity) Grading NPR 60 million [ICRANP] IPO Grade 5 (Assigned) 2017-06-22
133 BOKL Bank of Kathmandu Limited Subordinated Bond Program “7.5% BOK Bond 2078” NPR 600 Million [ICRANP] LBBB+ rating (upgraded) 2017-06-07
134 UHCL Union Hydropower Company Limited IPO (equity) Grading NPR 140 million [ICRANP] IPO Grade 5 (Assigned) 2017-06-04
135 SKDBL Saptakoshi Development Bank Limited Rights Share Issue NPR 274.30 Million [ICRANP] IPO Grade 4 (Assigned) 2017-05-26
136 HPPL Himalayan Power Partner Limited IPO (equity) Grading NPR 319.6251 million [ICRANP] IPO Grade 4 (Downgraded) 2017-05-23
137 HGI Himalayan General Insurance Company Limited Rights Issue (Equity shares) NPR 642 million [ICRANP] IPO Grade 3 (Assigned) 2017-05-21
138 NMBCAP NMB Capital Limited Fund Management Quality Rating (FMQR) NA [ICRANP] AMC Quality 3 (AMC 3) (Reaffirmed) 2017-04-28
139 RRHP Rairang Hydropower Development Company Limited. IPO (equity) Grading NPR 140 million [ICRANP] IPO Grade 4 (Assigned) 2017-04-12
140 SLBBL Swarojgar Laghubitta Bittiya Sanstha Limited Rights Share Issue NPR 34.99 Million [ICRANP] IPO Grade 4+ (Assigned) 2017-04-12
141 SAJHA Sajha Bikas Bank Limited Rights Share Issue NPR 50 Million [ICRANP] IPO Grade 5 (Assigned) 2017-04-03
142 CHL Chhyangdi Hydropower Company Limited IPO (equity) Grading NPR 54 million [ICRANP] IPO Grade 4 (Assigned) 2017-03-29
143 FMDBL First Microfinance Laghubitta Bittiya Sanstha Limited Rights Issue Grading NPR 132.25 million [ICRANP] IPO Grade 3 (Assigned) 2017-03-22
144 IGI IME General Insurance Limited Rights shares issue NPR 270 million [ICRANP] IPO Grade 4 (Assigned) 2017-03-21
145 YETI Yeti Development Bank Limited Rights Share Issue NPR 693.1167 Million [ICRANP] IPO Grade 4 (Assigned) 2017-02-21
146 PRIN Prabhu Insurance Company Limited Rights issue (Equity) NPR 192.5078805 million [ICRANP] IPO Grade 4+ (Assigned) 2017-02-19
147 MAILUNG Mailung Khola Jal Vidhyut Company Limited IPO (equity) Grading NPR 110.44 million [ICRANP] IPO Grade 4 (Assigned) 2017-02-16
148 SCB Standard Chartered Bank Nepal Limited Further Public Offer (Equity) NPR 3,300 Million [ICRANP] IPO Grade 2+ (Assigned) 2017-02-14
149 JOSHI Joshi Hydropower Development Company Limited IPO NPR 181.90 million [ICRANP] IPO Grade 5 (Assigned) 2017-02-01
150 NLBBL Nerude Laghubitta Bittiya Sanstha Limited Rights Issue NPR 90 million [ICRANP] IPO Grade 4 (Assigned) 2017-02-01
151 MAILUNG Mailung Khola Jal Vidhyut Company Limited IPO (equity) Grading NPR 110.44 million [ICRANP] IPO Grade 4 (Assigned) 2017-02-01
152 NLIC Nepal Life Insurance Company Limited Further Public Offer (Equity) NPR 4,412.41 million [ICRANP] IPO Grade 3+ (Assigned) 2017-01-04
153 DDBL Deprosc Laghubitta Bittiya Sanstha Limited Rights Issue NPR 257.923845 million [ICRANP] IPO Grade 4+ (Assigned) 2017-01-03
154 SBI Nepal SBI Bank Limited IPO NPR 65.8 Million [ICRANP] IPO Grade 2 (Assigned) 2016-12-23
155 SIL Siddhartha Insurance Limited Rights Issue NPR 86.2125 million [ICRANP] IPO Grade 3+ (Assigned) 2016-12-23
156 MBL Machhapuchchhre Bank Limited Subordinated Bonds NRP 500 million [ICRANP] LBBB- * (Rating Withdrawn) 2016-11-30
157 NBB Nepal Bangladesh Bank Limited Subordinated Debenture Programme NRP 500 million [ICRANP] LBBB- * (Rating Withdrawn) 2016-11-30
158 LAXMICAP Laxmi Capital Market Limited Company NA [ICRANP] IR BBB rating (reaffirmed) 2016-11-30
159 LAXMICAP Laxmi Capital Market Limited Company NA [ICRANP] AMC Quality 3 (AMC 3) (Reaffirmed) 2016-11-30
160 FOWAD Forward Community Microfinance Bittiya Sanstha Limited IPO NPR 60 Million [ICRANP] IPO Grade 4 + (Assigned) 2016-11-09
161 NIL Neco Insurance Company Limited Rights Issue NPR 324.04 million [ICRANP] IPO Grade 3 (Assigned) 2016-11-06
162 SKDBL Saptakoshi Development Bank Limited Rights Issue NPR 100 Million [ICRANP] IPO Grade 4 (Assigned) 2016-10-19
163 NIBLC NIBL Capital Markets Limited Company NA [ICRANP] AMC Quality 3 (AMC 3) (Reaffirmed) 2016-10-16
164 PCBL Prime Commercial Bank Limited Rights Issue NPR 1,235.0874 Million [ICR ANP] IPO Grade 3 (Assigned) 2016-09-12
165 NMBMF NMB Microfinance Bittiya Sanstha Limited Rights Issue NPR 55.20 Million [ICRANP] IPO Grade 4 (Assigned) 2016-09-07
166 LFC Lalitpur Finance Limited Rights Issue NPR 187.9453 Million [ICRANP] IPO Grade 5 (Assigned) 2016-09-01
167 NMB NMB Bank Limited Subordinated Bonds NPR 500 Million [ICRANP - IR ] BBB+ rating (upgraded) and [ICRANP] LBBB+ rating ( upgraded ) 2016-09-01
168 HPPL Himalayan Power Partner Limited IPO NPR. 319.6251 Million [ICRANP] IPO Grade 4+ 2016-08-24
169 AKJCL Ankhukhola Hydropower Company Limited IPO NPR. 200 million [ICRANP] IPO Grade 5 (Assigned) 2016-07-25
170 RADHI Radhi Bidyut Company Limited IPO NPR.102 .5 million [ICRANP] IPO Grade 3 (Assigned) 2016-07-18
171 SPDL Synergy Power Development Limited IPO NPR. 280 million [ICRANP] IPO Grade 4 2016-06-22
172 UMHL United Modi Hydropower Limited IPO NPR 2 87.50 million [ICRANP] IPO Grade 3 2016-06-22
173 API Api Power Company Limited Rights Issue NPR 2,000 million [ICRANP] IPO Grade 4 2016-06-20
174 KDBL Kasthamandap Development Bank Limited Rights Issue NPR.169.9742 Million [ICRANP] IPO Grade 4 2016-06-20
175 MSBBL Manaslu Bikas Bank Limited Rights Issue NPR.91.76475 Million [ICRANP] IPO Grade 4 + 2016-06-14
176 IGI IME General Insurance Limited Rights Issue NPR.120 million [ICRANP] IPO Grade 4 2016-06-02
177 RHPC Ridi Hydropower Development Company Limited Rights Issue NPR 115.50 million [ICRANP] IPO Grade 4 + 2016-05-15
178 DHPL Dibyashwari Hydropower Company Limited IPO NPR 66 million [ICRANP] IPO Grade 4 2016-05-05
179 UFL United Finance Limited Rights Issue NPR 115.9837 Million [ICRANP] IPO Grade 4 2016-05-05
180 NHDL Nepal Hydro Developer Limited IPO NPR 65 million [ICRANP] IPO Grade 4 2016-05-05
181 SINDU Sindhu Bikas Bank Limited Rights Issue NPR 120.937 5 Million [ICRANP] IPO Grade 4 2016-05-04
182 NICA NIC Asia Bank Limited Rights Issue N P R 923 . 75 4 M illion [ICRANP] IPO Grade 3 2016-04-26
183 NICA NIC Asia Bank Limited Subordinated Bonds NPR 500 M illion [ICRANP] LA - 2016-04-26
184 AKPL Arun Kabeli Power Limited IPO NPR 450 million [ICRANP] IPO Grade 4+ 2016-04-01
185 CZBIL Citizens Bank International Limited Rights Share Issue NPR 1,711.82 Million [ICRANP] IPO Grade 3 2016-03-01
186 CZBIL Citizens Bank International Limited Subordinated Bond Program NPR 500 Million [ICRANP] LBBB 2016-03-01
187 SLICL Surya Life Insurance Company Limited Rights Shares issue NPR 125 million [ICRANP] IPO Grade 4 2016-03-01
188 CSDBL Cosmos Development Bank Limited Rights Issue NPR 50.31 25 Million [ICRANP] IPO Grade 4 2016-03-01
189 TNBL Tinau Development Bank Limited Rights Share Issue NPR 54.62 million [ICRANP] IPO Grade 4 2016-01-01
190 NCDB Nepal Community Development Bank Limited Rights Share Issue NPR 100 million [ICRANP] IPO Grade 4 2016-01-01
191 ALDBL Alpine Development Bank Limited Rights Share Issue NPR 82 Million [ICRANP] IPO Grade 5 2016-01-01
192 RSDC RSDC Laghubitta Bittiya Sanstha Limited IPO NPR 40 million [ICRANP] IPO Grade 4 2016-01-01
193 SUBBL Subhechha Bikas Bank Limited Rights Share Issue NPR 50.09 million [ICRANP] IPO Grade 4 2015-12-01
194 NIB Nepal Investment Bank Limited Subordinated Bond Program NPR 750 Million [ICRANP-IR] A@ 2015-12-01
195 NIB Nepal Investment Bank Limited Further Public Offer (Equity) NPR 5,341.42 Million [ICRANP] IPO Grade 3+ 2015-12-01
196 EDBL Excel Development Bank Limited Rights Share Issue NPR 52.5 million [ICRANP] IPO Grade 4+ 2015-11-01
197 GDBL Gandaki Bikas Bank Limited Rights Share Issue NPR 105.60 million [ICRANP] IPO Grade 4+ 2015-11-01
198 SADBL Shangrila Development Bank Limited Rights Share Issue NPR 184 million [ICRANP] IPO Grade 4+ 2015-11-01
199 GRDBL Green Development Bank Limited IPO (equity) NPR 45 million [ICRANP] IPO Grade 4 2015-11-01
200 MERO Mero Microfinance Laghubitta Bittiya Sanstha Limited IPO NRs.61.2 ICRANP IPO Grade 4 2015-10-01
201 SRBL Sunrise Bank Limited Rights Issue NPR 369.047 Million IPO Grade 3 2015-10-01
202 KRBL Karnali Development Bank Limited Rights Share Issue NPR 40 million [ICRANP] IPO Grade 4 2015-10-01
203 INDB Innovative Development Bank Limited Rights Share Issue NPR 100 million [ICRANP] IPO Grade 4 2015-10-01
204 HIDCL Hydroelectricity Investment and Development Company Limited IPO Nrs. 2000 million ICRANP IPO Grade 3 2015-09-01
205 GBIME Global IME Bank Limited Company [ICRANP-IR] A-@ 2015-09-01
206 KKHC Khani Khola Hydropower Company Limited IPO NRs. 139.71 ICRANP IPO Grade 4+ 2015-09-01
207 PRVU Prabhu Bank Limited IPO NRs. 641.78 ICRANP IPO Grade 4 2015-09-01
208 NGPL Ngadi Group Power Limited IPO NRs. 146.0605 ICRANP IPO Grade 4+ 2015-09-01
209 SICL Shikhar Insurance Company Limited Further Public Offer (Equity) NPR 332.14 million [ICRANP] IPO Grade 3+ 2015-09-01
210 ICFC ICFC Finance Limited Right issue NRs. 213.48 million ICRANP IPO Grade 4 2015-08-01
211 SKBBL Sana Kisan Laghubitta Bittiya Sanstha Limited Right issue NRs. 115.34 million ICRANP IPO Grade 4+ 2015-08-01
212 KADBL Kanchan Development Bank Limited Right issue NRs. 33 million ICRANP IPO Grade 4 2015-08-01
213 MIDBL Mission Development Bank Limited Right issue NRs. 57.5 million ICRANP IPO Grade 4 2015-08-01
214 SFFIL Srijana Finance Limited Right issue NRs. 67.2 million ICRANP IPO Grade 4 2015-08-01
215 CCBL Century Commercial Bank Limited Right issue NRs. 530 million ICRANP IPO Grade 4+ 2015-08-01
216 RLFL Reliance Finance Limited FPO NRs.51.4286 ICRANP IPO 5 2015-08-01
217 HBL Himalayan Bank Limited Subordinated Bond Program NPR 500 million [ICRANP] LA@ 2015-08-01
218 HBL Himalayan Bank Limited Subordinated Bond Program NPR 750 million [ICRANP] LA@ 2015-08-01
219 KFL Kathmandu Finance Limited. Rights Issue NRs.183.78 million ICRANP IPO 5 2015-07-01
220 NBB Nepal Bangladesh Bank Limited Subordinated Bonds NRs. 500 million ICRANP LBBB- 2015-07-01
221 BOK (Former) Bank of Kathmandu Limited Subordinated Bonds NRs. 600 million ICRANP LBBB 2015-07-01
222 EBL Everest Bank Limited Subordinated Bonds NRs. 600 million ICRANP LA- 2015-06-01
223 MBL Machhapuchchhre Bank Limited Rights Issue NRs. 555.25 million ICRANP IPO 4+ 2015-06-01
224 MBL Machhapuchchhre Bank Limited Subordinated Bonds NRs. 500 million ICRANP LBBB- 2015-06-01
225 SANIMA Sanima Bank Limited Subordinated Bonds NRs. 700 million ICRANP LBBB+ 2015-03-01
226 PICL Prudential Insurance Company Limited Rights issue NRs. 54 million ICRANP IPO Grade 3 2015-03-01
227 CBBL Chhimek Laghubitta Bittiya Sanstha Limited Rights issue NRs. 105.05 million ICRANP IPO Grade 3+ 2015-02-01
228 SAJHA Sajha Bikas Bank Limited IPO NRs. 49 million ICRANP IPO Grade 4 2015-02-01
229 PIC Premier Insurance Company Limited Rights issue NRs. 134.89 million ICRANP IPO Grade 3 2015-01-01
230 LBL Laxmi Bank Limited Rights issue NRs. 701.36 million ICRANP IPO Grade 3+ 2015-01-01
231 NICA NIC Asia Bank Limited Subordinated Bonds NRs. 500 million ICRANP LA- 2014-12-01
232 CZBIL Citizens Bank International Limited Subordinated Bonds NRs. 500 million ICRANP LBBB 2014-12-01
233 FMDBL First Microfinance Laghubitta Bittiya Sanstha Limited Rights issue NRs. 100 million ICRANP IPO Grade 3 2014-12-01
234 UIC United Insurance Company (Nepal) Limited Rights issue NRs. 151.2 million ICRANP IPO Grade 3 2014-12-01
235 GBBL Garima Bikas Bank Limited Rights issue NRs. 112.2 million ICRANP IPO Grade 3 2014-12-01
236 NIL Neco Insurance Company Limited Rights issue NRs. 114.78 million ICRANP IPO Grade 3 2014-12-01
237 API Api Power Company Limited IPO NRs. 400 million ICRANP IPO Grade 3 2014-11-01
238 BARUN Barun Hydropower Company Limited IPO NRs. 48.6 million ICRANP IPO Grade 4 2014-11-01
239 BBBL Bhrikuti Vikash Bank Limited Rights issue NRs. 141.27 million ICRANP IPO Grade 3 2014-11-01
240 SRBL Sunrise Bank Limited Rights issue NRs. 223.665 million ICRANP IPO Grade 3 2014-11-01
241 SBL Siddhartha Bank Limited Subordinated Debentures NRs. 500 million ICRANP LBBB 2014-10-01
242 LAXMICAP Laxmi Capital Market Limited Company ICRANP AMC Quality 3 2014-09-01
243 LBL Laxmi Bank Limited Company ICRANP IR BBB 2014-09-01
244 RBBBL Raptibheri Bikas Bank Limited IPO NRs. 50 million ICRANP IPO Grade 4 2014-09-01
245 MNBBL Muktinath Bikas Bank Limited Rights issue NRs. 91.88 million ICRANP IPO Grade 3+ 2014-08-01
246 CLBSL Civil Laghubitta Bittiya Sanstha Limited IPO NRs. 40 million ICRANP IPO Grade 4 2014-08-01
247 TNBL Tinau Development Bank Limited Rights issue NRs. 32.2 million ICRANP IPO Grade 4 2014-07-01
248 CDBL City Development Bank Limited Rights issue NRs. 92.4 million ICRANP IPO Grade 3 2014-07-01
249 SEWA Sewa Bikas Bank Limited Rights issue NRs. 51.52 million ICRANP IPO Grade 4+ 2014-07-01
250 HAMRO Hamro Bikas Bank Limited Rights issue NRs. 42.07 million ICRANP IPO Grade 4 2014-07-01
251 PROFL Progressive Finance Limited Rights issue NRs. 90 million ICRANP IPO Grade 5 2014-07-01
252 NIBLC NIBL Capital Markets Limited Company ICRANP AMC Quality 3 2014-06-01
253 NMB NMB Bank Limited Subordinated Debenture Programme NRs. 500 million ICRANP L BBB 2014-06-01
254 NIB Nepal Investment Bank Limited Subordinated Debenture Programme NRs. 750 million ICRANP LA 2014-06-01
255 NMBCAP NMB Capital Limited Company ICRANP AMC Quality 3 2014-06-01
256 SBL Siddhartha Bank Limited Company ICRANP IR BBB 2014-04-01
257 SIDCL Siddhartha Capital Limited Company ICRANP AMC Quality 3 2014-04-01
258 KCDBL Kalinchowk Development Bank Limited IPO NRs. 49 Million ICRANP IPO Grade 4 2014-04-01
259 EKBL Ekata Bikash Bank Limited IPO NRs. 80 million ICRANP IPO Grade 4 2014-04-01
260 SBI Nepal SBI Bank Limited Subordinated Bonds NRs. 200 Million ICRANP LAA 2014-03-01
261 GBIME Global IME Bank Limited Company ICRANP IR A- 2014-03-01
262 SHINE Shine Resunga Development Bank Limited Rights issue NRs. 191.91 Million ICRANP IPO Grade 3 2014-03-01
263 BFCL Bhaktapur Finance Company Limited IPO NRs. 75 Million ICRANP IPO Grade 5 2014-03-01
264 AHPC Arun Valley Hydropower Development Company Limited Rights issue NRs. 350.493 million ICRANP IPO Grade 3 2013-12-01
265 RHPC Ridi Hydropower Development Company Limited IPO NRs. 117 Million ICRANP IPO Grade 3 2013-12-01
266 NICL Nepal Insurance Company Limited Rights issue NRs. 131.9016 million ICRANP IPO Grade 3 2013-12-01
267 CCBL Century Commercial Bank Limited IPO NRs. 920 Million ICRANP IPO Grade 4+ 2013-11-01
268 METRO Metro Development Bank Limited Rights issue NRs. 37.1 Million ICRANP IPO Grade 4 2013-10-01
269 TBBL Triveni Bikas Bank Limited Rights issue NRs. 74.5 Million ICRANP IPO Grade 4+ 2013-08-01
270 SHPC Sanima Mai Hydropower Limited IPO NRs. 211 million ICRANP IPO Grade 3 2013-07-01
271 RMDC RMDC Laghubitta Bittiya Sanstha Limited IPO NRs. 152.88 million ICRANP IPO Grade 3+ 2013-06-01
272 MBBL Mahakali Bikas Bank Limited Rights issue NRs. 80 million ICRANP IPO Grade 4 2013-06-01
273 HBL Himalayan Bank Limited Subordinated Bonds NRs. 750 million ICRANP LA 2013-05-01
274 LICN Life Insurance Corporation Nepal Limited Rights issue NRs. 101.25 million ICRANP IPO Grade 2 2013-05-01
275 MSBBL Manaslu Bikas Bank Limited IPO NRs. 36 million ICRANP IPO Grade 4 2013-05-01
276 NICB Nepal Industrial & Company Bank Limited Subordinated Bonds NRs. 500 million ICRANP LA- 2013-05-01
277 SKBBL Sana Kisan Laghubitta Bittiya Sanstha Limited IPO NRs. 58.2 million ICRANP IPO Grade 3 2013-05-01
278 CZBIL Citizens Bank International Limited Subordinated Bonds NRs. 500 million ICRANP LBBB 2013-05-01
279 NIB Nepal Investment Bank Limited Company ICRANP-IR A 2013-04-01
280 NCCB Nepal Credit & Commerce Bank Limited Rights shares (Equity) NPR 2,339.5291 million [ICRANP] IPO Grade 4 (Assigned) 0000-00-00
S.No Symbol Company Name Product Offering Grade Published Date
1 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
2 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
3 NICA NIC Asia Bank Limited Issuer Rating NA CARE-NP A (Is) [Single A (Issuer)] (Reaffirmed) 2019-01-31
4 GMBSL Ganapati Microfinance Bittiya Sanstha Limited Initial Public issue 33.50 Million CARE-NP IPO Grade 4 [IPO Grade Four] (Assigned) 2019-01-20
5 NGPL Ngadi Group Power Limited Right Share Issue Rs. 160.6664 Million CARE-NP IPO Grade 3 [IPO Grade Three] ( Assigned) 2019-01-08
6 SRBL Sunrise Bank Limited Subordinate Bond (10% Debenture 2080) 1000 Million CARE-NP A- [Single A Minus] (Assigned) 2018-12-13
7 SRBL Sunrise Bank Limited Issuer Rating NA CARE-NP A- (Is) [Single A Minus (Issuer Rating)] (Reaffirmed) 2018-12-13
8 SPHL Sayapatri Hydropower Limited Initial Public Offer 90 Million CARE-NP IPO Grade 5 [IPO Grade Five] (Assigned) 2018-12-07
9 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
10 ALICL Asian Life Insurance Company Limited Rights Share Issue 754.035273 CARE-NP IPO Grade 3 [IPO Grade Three] (Assigned) 2018-10-10
11 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
12 ASHA Asha Laghubitta Bittiya Sanstha Limited Initial Public issue NPR 60 Million CARE-NP IPO Grade 4 [IPO Grade Four] (Assigned) 2018-09-27
13 IMBSL Infinity Laghubitta Bittiya Sanstha Limited Initial Public Offer NPR 60 Million CARE-NP IPO Grade 4 [IPO Grade Four] (Assigned) 2018-09-11
14 PPCL Panchthar Power Company Limited Initial Public Offer (IPO) NPR 192.50 Million CARE-NP IPO Grade 4 [IPO Grade Four] (Assigned) 2018-07-25
15 EIC Everest Insurance Company Limited Rights Share Issue NPR 962.28 Millions CARE-NP IPO Grade 4 [IPO Grade Four] (Assigned) 2018-07-25
16 NICA NIC Asia Bank Limited Subordinated Bond “11% NIC Asia Bank Bond 2082/83” NPR 1830 Million CARE-NP A [Single A] (Assigned) 2018-07-25
17 MSLB Mahuli Samudayak Laghubitta Bittiya Sanstha Limited Rights Share Issue NPR 30.00 Million CARE-NP IPO Grade 4 [IPO Grade Four] (Assigned) 2018-07-25
18 NBL Nepal Bank Limited Further Public Offer (FPO) 4951.76024 Million CARE-NP IPO Grade 3+ [IPO Grade Three Plus] (Assigned and Reaffirmed) 2018-06-24
19 HATH Hathway Finance Company Limited Rights Share Issue 540.00 Million CARE-NP IPO Grade 5 [IPO Grade Five] (Assigned) 2018-06-24
20 UIC United Insurance Company (Nepal) Limited Rights Share Issue 725.76 Million CARE-NP IPO Grade 4 [IPO Grade Four] (Assigned) 2018-06-20
21 GRHPL Greenlife Hydropower Limited Initial Public Offer 360.00 Million CARE-NP IPO Grade 4 [IPO Grade Four] (Assigned) 2018-06-15
22 MBKHCL Madhya Bhotekoshi Hydropower Company Limited Initial Public Offer (IPO) 1440 Million CARE-NP IPO Grade 4+ [IPO Grade Four Plus] (Assigned) 2018-06-12
23 CEFL City Express Finance Limited (former Kuber Merchant Finance) Rights Share Issue 250 Million CARE-NP IPO Grade 5 [IPO Grade Five] (Assigned) 2018-05-28
24 SRBL Sunrise Bank Limited Issuer Rating NA CARE-NP A- (Is) [Single A Minus (Issuer Rating)] (Assigned) 2018-05-25
25 NICA NIC Asia Bank Limited Issuer Rating CARE-NP A (Is) [Single A (Issuer)] (Assigned) 2018-03-29
26 JEFL Jebils Finance Limited Rights Share Issue 231.165 Million CARE-NP IPO Grade 4 [IPO Grade Four] (Assigned) 2018-03-18
27 PROFL Progressive Finance Limited Rights Share Issue 590.1 Million CARE-NP IPO Grade 5 [IPO Grade Five] (Assigned) 2018-02-28
28 MFIL Manjushree Finance Limited Rights Share Issue 36.219 million CARE-NP IPO Grade 4 [IPO Grade Four] (Assigned) 2018-02-22
29 PRIN Prabhu Insurance Company Limited Rights Share Issue 316.6679 million CARE-NP IPO Grade 3 [IPO Grade Three] (Assigned) 2018-01-31
30 SDESI Swadeshi Laghubitta Bittiya Sanstha Limited Rights Share Issue 115 million CARE-NP IPO Grade 4 [IPO Grade Four] (Assigned) 2017-12-31