BoK Capital Market will allocate the Initial Public Offering (IPO) of Manakamana Engineering Hydropower on Shrawan 16, 2080. The company offered 8 lakh unit shares to project-affected locals and 2 lakh unit shares to migrant Nepalese workers, as stated in the media release.
The Nepal Chamber of Commerce has expressed concerns to Finance Minister Dr. Prakash Saran Mahat regarding a recent provision by SEBON (Securities Board of Nepal). The provision restricts promoters from selling their stock for a year even after leaving the company’s Board of Directors. The Chamber considers this policy impractical and demotivating for capital
“Closing Today: Citizen Life Insurance IPO for Nepalese Citizens Abroad. The life insurance company’s IPO offering 11,25,000 unit shares to Nepalese citizens working abroad concludes on the 14th Shrawan. The total issued capital of the company stands at Rs. 3.75 Arba, with 30% of it, equivalent to 1,12,50,000 unit shares, being made available to
Bhagawati Hydropower Development Company Limited is wrapping up its IPO for project-affected locals today, the 14th Shrawan. The company issued a total capital of Rs. 57.20 Crores, with 10% (572,065 unit shares) allocated to locals in the Kaski District. Additionally, 15% of the capital (858,097 unit shares) will be offered to the general public
Upper Lohore Hydropower Company Limited has announced its plan to issue an Initial Public Offering (IPO) to the general public. The IPO will consist of 19,53,279 unit shares with a face value of Rs 100 each, starting from 18th Shrawan, 2080. The company aims to raise Rs 19.53 crore through this offering. The closing
The current promoter of Kumari Bank Limited (KBL) is offering 240,101 units of shares for auction exclusively to existing promoter shareholders. The auction period starts on 11th Shrawan, 2080, and will last for 35 days from the date of this notice. Eligible shareholders, who are existing promoters, can participate in the bidding process by
In the financial year 2079/80, the Securities Board of Nepal (SEBON) achieved a remarkable milestone by approving initial public offerings (IPOs) worth over 22 billion rupees. This surpasses the previous record set in the financial year 2077/78, when SEBON allowed IPOs worth 15 billion 18 crores. Chairman Ramesh Hamal led the effort, breaking the previous
Manakamana Engineering Hydropower Limited is wrapping up its Initial Public Offering (IPO) for project-affected locals on the 9th of Shrawan. The IPO, which began on the 19th of Ashad, 2080, allocated 10% of the company’s issued capital, amounting to Rs. 8 Crores, to project-affected locals in Dolakha District. Additionally, there will be a public
The IPO allotment of Kutheli Bukhari Small Hydropower Limited is scheduled to take place on Sunday, the 7th of Shrawan, 2080. The allotment program will be conducted at the premises of the issue manager, NMB Capital Limited, located in Nagpokhari, Kathmandu, starting at 9 am. Out of the total 121,867 units offered for the IPO,
Sun Nepal Life Insurance Company Limited has commenced the issuance of 9,60,000 unit IPO shares exclusively for Nepalese citizens working abroad, starting from today, 1st Shrawan. The IPO issue will remain open until the 15th Shrawan, 2080. The total issued capital of the life insurance company amounts to Rs. 3.2 Arba, of which 30% or
The IPO allotment of Ghorahi Cement Industry Limited took place at the premises of Nabil Investment Banking Limited in Naxal, Kathmandu. The company had initially issued 69,11,670 units of IPO shares at a price of Rs. 435 per unit (including a premium of Rs. 335) to the general public on Jestha 32, 2079. However, the
Ngadi Group Power Limited (NGPL) has scheduled a Special General Meeting (SGM) to take place on the 14th of Shrawan, 2080. The meeting will be held at Lord Party Venue in Dhumbarahi and is set to commence at 10 am on that day. The SGM will address several important agendas, including the endorsement of 100%
Reliable Nepal Life Insurance Company Limited has initiated the issuance of 12,00,000 units of IPO shares exclusively for Nepalese citizens working abroad. The IPO shares will be available for subscription starting today, July 27th, and the closing date for the issue is August 10th. The company’s total issued capital is Rs. 4 Arba, with
Joshi Hydropower Development Company has chosen Laxmi Capital Market as the issue manager to handle the issuance of its right shares to current shareholders. According to a media statement, the company will be offering shares in a ratio of 1:0.65. During a program, the CEO of the merchant bank, Mr. Rajiv Sapkota, and the chairman
IME Life Insurance Company Limited is concluding the issuance of 96,00,000 unit shares to the general public starting from today, which is the 25th of Ashad. The issuance began on the 21st of Ashad, 2080. The company has an issued capital of Rs. 4 Arba, out of which 30% or 1,20,00,000 unit shares are
