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Support Microfinance to float 1.80 lakh units IPO shares from Ashwin 18

Share Sansar Khabar, Kathmandu. Support Microfinance Bittiya Sanstha Limited will be floating its Initial Public Offering (IPO) of 1,80,000 unit shares worth Rs 1.80 crore from Ashwin 18, 2074.

Publishing a notice today, the offer will close on Ashwin 23, 2074. The maximum closing date for the offer is Kartik 16, 2074.

Interested investors must apply for a minimum of 50 units of share and they can apply for up to 900 units of share.

The microfinance company has set aside 2% or 3,600 unit shares for its employees and 5% or 9000 unit shares for the existing 11 mutual fund companies. The company will be floating 1,67,400 units shares to general public.

NMB Capital Limited is the issue manager for IPO.

Interested applicants can collect ASBA forms from all ASBA-approved banks around Nepal as Securities Board of Nepal (SEBON) has made ASBA application mandatory from Shrawan 2074.

The microfinance company plans to raise Rs 1.80 crore through the offer. After the IPO, the paid up will reach Rs 6 crore from the current Rs 4.20 crore. Its authorized capital stand at Rs 15 crore. After the IPO, the promoter-public ratio of the company will be 70 % to 30%.

Support Microfinance has earned Rs 48.04 lakh in the fourth quarter of the fiscal year 2073/74. At present the microfinance is rendering its services in 10 districts.

IPO allotment concludes; 36,270 applicants allotted with 10 kitta share through lottery

NMB Capital Limited, the issue manager for the IPO of Nepal Hydro Developer Limited, has allotted 3,90,00 units IPO shares today. The allotment was held at NMB Capital’s premises in Nagpokhari, Kathmandu at 9:00 AM.

Out of 1,71,592 valid applicants, only 36,270 applicants have been allotted a minimum number of 10 units through lottery. Also, mutual funds were allotted with 19,500 unit shares and staffs of the company were allotted with 7,800 unit shares.

There were 1,73,501 applicants but application of 1,909 applicants were cancelled due to double application, mistakes in Demat account number and application made for more or less than mentioned kitta.

Allotment was concluded in the presence of Tola Kanta Neupane from SEBON, Rajan Kumar Basnet from CRO, Shreejesh Ghimire, CEO of NMB Capital, Kamal Nepal, COO of NMB Capital and other staffs from NMB Capital, media persons and investors.

The blocked amounts of the applicants will be unfreezed after 3 working days from the notice sent by the capital to respective bank.

Nepal Hydro Developer had issued its Initial Public Offering (IPO) of 3,90,000 units shares worth Rs 3.90 crore at Rs 100 per unit from Shrawan 27, 2074 till Shrawan 32, 2074.

Applicants were required apply for a minimum of 50 units of shares and they could apply for up to 1,000 units shares.

Nepal Hydro Developer is the first company to issue IPO from full ASBA services all over Nepal.

The authorized capital of the company is Rs 60 crore. The paid up capital of the company remains at Rs 22.10 crore. After the IPO for the general public, the paid up has reached 26 crore.

The main promoters of the hydropower company are Gyanendra Lal Pradhan, Kumud Kumar Dugar, Pashupati Murarka and Dev Kishan Mundara.

ICRA Nepal has assigned “[ICRANP] IPO Grade 4” grading to the upcoming Initial Public Offering (IPO) of Nepal Hydro developer, indicating below average fundamentals.After this IPO, the promoter, people of affected area (Dolakha district) – public shareholding ratio of the company has been restructured to 75% to 10% to 15%.

Nepal Hydro Developer Limited has developed a 3.52 MW Charanwati Hydroelectric project in Dolakha district with an annual energy generation of 37.29 GW hr. It had earlier floated 2,60,000 units shares worth Rs 2.60 crore as part of its Initial Public Offering for the locals of Dolakha district on Mangsir 26, 2073.

Universal Power AGM successfully conducted; approves agenda to issue IPO

Share Sansar Khabar, Kathmandu, September 15, 2017. Universal Power Company Limited has been developing 11 MW Lower Khare Khola Hydropower in Suri, Chankhu and Khare VDC in Dolakha district and will now be issuing Initial Public Offering this year.

The company successfully conducted its AGM yesterday and has approved the agenda to issue IPO. The company has completed 45% work in the project site. The main investor of the project is CEDB Hydro fund.

CEDB Hydro fund is developing 12 MW Dordi-1 Hydropower project in Dordi VDC. Universal Power has also provided an opportunity for general public to invest in the preference share of 11 MW Lower Khare Khola Hydropower Project. The company will be providing 7.5 percent dividend to the investor investing in preference shares.

After this CEDB hydro fund will be developing 45 MW KasuwaKhola Hydropower and it has already managed the necessary funds from Clean Energy Development Bank.

It has already constructed 4.4MW Radhi Hydropower Project, 183 MW Syange Hydropower Project and 4.4 MW partner with Butwal Power Company.

In the near furture, CEDB Hydro Fund will be developing 22.87 MW Upper Myagdi, 4.99 MW Lower Rukumgad, 50MW Nar khola Hydropower, 24.31 MW Upper Narkhola Hydropower, 18.64 MW Manang Hayangu-1 project, 13.86 Solukhumbhu Bhabil-1 project, 13.86 MW Dhading, 4.73 upper Rukumgad Hydropower, 21.80 MW Super Dudh Khola Hydropower and 22.66 MW Ghustung-1 Hydropower.

FPO oversubscribed by 16.27 times till third day; Collects Rs 1.58 arba from 1.46 lakh applicants

Share Sansar Khabar, Kathmandu, September 15, 2017. Nepal Grameen Bikas Bank Limited (NGBBL) has been issuing 9,75,000 units shares worth Rs  9.75 crore as part of its Further Public Offering (FPO) from Bhadra 27, 2074. The FPO is issued at a face value of Rs 100 per share i.e. without adding any premium to the par value. Today is the last day of the FPO. The FPO is oversubscribed by 16.27 times till third  day.

As per the official of Prabhu Capital Limited,” The total collection of the FPO reached approximately Rs 1.58 arba till third day. Around 1.46 lakh application forms were received.”

Interested applicants were required to apply for a minimum of 50 units of shares and they can apply for up to 4,870 units shares.

Prabhu Capital Limited is the issue manager for the FPO.

Interested applicants can collect ASBA forms from all ASBA-approved banks around Nepal as Securities Board of Nepal (SEBON) has made ASBA application mandatory from Shrawan 2074.

After the FPO, its paid up capital will reach around Rs 55.75 crore and its promoter – public shareholding structure will be maintained at 69.908% and 30.092%.

ICRA Nepal has assigned [ICRANP] IPO Grade 4 rating this FPO indicating below-average fundamentals.

NGBBL is a national-level microfinance development bank based in Butwal, formed in 2014 by the merger of 5 microfinance companies: Purwanchal Grameen Bikas Bank, Madhyamanchal Grameen Bikas Bank, Paschimanchal Grameen Bikas Bank, Madhya Paschimanchal Grameen Bikas Bank and Sudur Paschimanchal Grameen Bikas Bank Limited.

Nepal Grameen FPO collects 82.30 crore from around 75,501 applicants till second day

Nepal Grameen Bikas Bank Limited (NGBBL) has been issuing 9,75,000 units shares worth Rs  9.75 crore as part of its Further Public Offering (FPO) from Bhadra 27, 2074. The FPO is issued at a face value of Rs 100 per share i.e. without adding any premium to the par value. Today is the third  day of the FPO. The FPO is oversubscribed by 8.44 times till second day.

As per the official of Prabhu Capital Limited,” The total collection of the FPO is approximately Rs 82 crore 30 lakh till second day. Around 75,501 application forms were received.”

The FPO applications will close on Bhadra 30, 2074 (tomorrow). The maximum closing date for the offer is Ashwin 10, 2074.

Interested applicants must apply for a minimum of 50 units of shares and they can apply for up to 4,870 units shares.

Prabhu Capital Limited is the issue manager for the FPO.

Interested applicants can collect ASBA forms from all ASBA-approved banks around Nepal as Securities Board of Nepal (SEBON) has made ASBA application mandatory from Shrawan 2074.

After the FPO, its paid up capital will reach around Rs 55.75 crore and its promoter – public shareholding structure will be maintained at 69.908% and 30.092%.

ICRA Nepal has assigned [ICRANP] IPO Grade 4 rating this FPO indicating below-average fundamentals.

NGBBL is a national-level microfinance development bank based in Butwal, formed in 2014 by the merger of 5 microfinance companies: Purwanchal Grameen Bikas Bank, Madhyamanchal Grameen Bikas Bank, Paschimanchal Grameen Bikas Bank, Madhya Paschimanchal Grameen Bikas Bank and Sudur Paschimanchal Grameen Bikas Bank Limited.

NIBL Capital Markets Limited, the issue manager for the FPO of Pokhara Finance Limited (PFL), is going to conclude the allotment tomorrow (Bhadra 29, 2074). Meanwhile, NMB Capital, the issue manager for the IPO of Nepal Hydro Limited will conclude the allotment on Bhadra 30, 2074.

Badri Pyakhurel, Merchant Banking Head of NIBL Capital Market Limited said, “All the details regarding IPO allotment will be made public tomorrow in the premises of NIBL Capital located at Lazimpat, Kathmandu at 10:30 AM.”

As per the official of NMB Capital,” We will conclude the allotment on Friday (Bhadra 30, 2074). Time and venue of the allotment has not been fixed yet.”

Pokhara Finance Limited (PFL) had issued its Further Public Offering (FPO) of 9,83,682 units shares worth Rs  21.64 crore at Rs 220 per unit from Shrawan 29, 2074 till Bhadra 1, 2074. The FPO has collected around Rs. 72 crore 60 lakh till last day. Around 49,000 application forms were received.

Applicants were required apply for a minimum of 10 units of shares and they can apply for up to 4,900 units shares.

After the FPO, its paid up capital will reach around Rs 65.57 crore and its promoter – public shareholding structure will be maintained at 51% and 49%. Its reserve will grow by Rs 11.80 crore. Finally, after proposed 15% right share issuance, its paid up capital will reach Rs 75.40 crore. As a national level finance company, it should hike its paid up capital to a minimum of Rs 80 crore by the end of FY 2073/74.

Nepal Hydro Developer Limited had issued 3,90,000 unit shares worth Rs 3.90 crore as part of its Initial Public Offering (IPO) for the general public from Shrawan 27, 2074 till Shrawan 32, 2074  at face value of Rs 100 per share. The issue has collected around Rs 1 arba 50 crore till last day. Around 1 lakh 73 thousand application forms were received.

Interested people were required apply for a minimum of 50 units of share and they can apply for up to 1,000 units of share. The hydropower company has set aside 2% or 7,800 unit shares for its employees and 5% or 19,500 unit shares for the 11 mutual fund companies. The company has set aside 3,62,700 units shares for the general public.

The authorized capital of the company is Rs 60 crore. The paid up capital of the company remains at Rs 22.10 crore. After the IPO for the general public, the paid up will reach 26 crore.

Nepal Hydro Developers Limited IPO

IPO collects around 1.50 arba from 1.73 lakh applicants till last day; Pokhara Finance FPO collects Rs 41.99 crore from 28,040 applicants in 3 days

- ShareSansar, August 17, 2017  on

Nepal Hydro Developer Limited had issued 3,90,000 unit shares worth Rs 3.90 crore as part of its Initial Public Offering (IPO) for the general public from Shrawan 27, 2074 till Shrawan 32, 2074  at face value of Rs 100 per share. The IPO has been oversubscribed by more than 41.35 times till  last day.

As per the official of NMB Capital Limited, the issue manager for the IPO, “the issue has collected around Rs 1 arba 50 crore till last day. Around 1 lakh 73 thousand application forms were received.”

Out of total 1.73 lakh applicants, only 36,270 applicants will get 10 units each. The fate of allottees will be decided through lottery.

On the fourth day only, the IPO has collected Rs 69 crore 80 lakh from around 84,553 applicants. It is only tentative data, final data may vary, added the official.

Interested people were required apply for a minimum of 50 units of share and they can apply for up to 1,000 units of share. The hydropower company has set aside 2% or 7,800 unit shares for its employees and 5% or 19,500 unit shares for the 11 mutual fund companies. The company has set aside 3,62,700 units shares for the general public.

The authorized capital of the company is Rs 60 crore. The paid up capital of the company remains at Rs 22.10 crore. After the IPO for the general public, the paid up will reach 26 crore.

After this IPO, the promoter, people of affected area (Dolakha district) – public shareholding ratio of the company will be 75% to 10% to 15%.

ICRA Nepal has assigned “[ICRANP] IPO Grade 4” grading to the upcoming Initial Public Offering (IPO) of Nepal Hydro developer, indicating below average fundamentals.

Nepal Hydro Developer Limited has developed a 3.52 MW Charanwati Hydroelectric project in Dolakha district with an annual energy generation of 37.29 GW hr. It had earlier floated 2,60,000 units shares worth Rs 2.60 crore as part of its Initial Public Offering for the locals of Dolakha district on Mangsir 26, 2073.

Similarly, Pokhara Finance Limited (PFL) has been issuing its Further Public Offering (FPO) of 9,83,682 units shares worth Rs  21.64 crore at Rs 220 per unit from Shrawan 29, 2074. Today is the last day of the FPO. The FPO has been oversubscribed by more than 1.94 times till third day

Badri Pyakhurel, Merchant Banking Head of NIBL Capital Market Limited said, “The issue has collected Rs. 41 crore 99 lakh till third day. Tentatively around 28,040 application forms were received.”

The FPO applications will close tomorrow (Bhadra 1, 2074). The maximum closing date for the offer is Bhadra 7, 2074.

Interested people must apply for a minimum of 10 units of shares and they can apply for up to 4,900 units shares.

NIBL Capital Markets Limited is the issue manager for the FPO.

ICRA Nepal has assigned IPO Grade 4 to this FPO indicating below-average fundamentals.

After the FPO, its paid up capital will reach around Rs 65.57 crore and its promoter – public shareholding structure will be maintained at 51% and 49%. Its reserve will grow by Rs 11.80 crore. Finally, after proposed 15% right share issuance, its paid up capital will reach Rs 75.40 crore. As a national level finance company, it should hike its paid up capital to a minimum of Rs 80 crore by the end of FY 2073/74.