Major IPO offering by Natural Spirits Nepal Taps Muktinath Capital – Set to Expand Liquor Empire

 Kathmandu, Nepal – Natural Spirits Nepal Limited, the innovative force behind popular brands like Seto Bagh Vodka and Sarangi Whisky, has announced a significant step in its corporate journey. The company has officially appointed Muktinath Capital Limited as the issue manager for its highly anticipated Initial Public Offering (IPO). This pivotal agreement was formalized during a signing ceremony between Natural Spirits Chairman Asim Sitaula and Muktinath Capital CEO Kabindra Dhoj Joshi.

This strategic move will see Natural Spirits Nepal issue 15,00,000 ordinary shares to the general public, constituting a substantial 20% of its total issued capital.
This IPO is poised to be a landmark event, inviting public participation in one of Nepal's rapidly ascending liquor producers.

Established on December 14, 2014 (2071 Mangsir 14), Natural Spirits Nepal has quickly carved out a niche for itself in the competitive Nepali liquor market. The company boasts a state-of-the-art production facility located in Galchi, Dhading, complemented by its central administrative office in Hadigaun, Kathmandu. With an impressive annual production capacity of 12 million liters, Natural Spirits is well-equipped to meet growing consumer demand.

Currently, the company's portfolio includes the widely recognized Seto Bagh Vodka (30% alcohol by volume) and Sarangi Whisky (40% alcohol by volume). Demonstrating a continuous drive for innovation and market expansion, Natural Spirits is also on the verge of launching a new product, Rara Blues Vodka (40% alcohol by volume), which is expected to further diversify its offerings and appeal to a broader consumer base.

Natural Spirits is dedicated to producing high-quality liquor, underpinned by a philosophy that blends modern technology, innovative product development, and robust branding strategies. The upcoming IPO is not just about raising capital; it signifies the company’s ambition to significantly expand its market footprint and solidify its standing as a leader in Nepal’s dynamic liquor industry. Investors and consumers alike will be watching closely as Natural Spirits Nepal embarks on this exciting new chapter.

7.37%Cash Dividend: Professional Bikash Bank

The BOD meeting of the Professional Bikash Bank Ltd has decided to provide 7.37% cash dividend to share holder which is subject to approval from NRB & upcoming AGM.

Source:
nepalstock

10.14%Bonus Share & 11.06%Cash Dividend of Reliable Finance Ltd

The 81 the BOD meeting of the Reliable Finance Ltd dated 2068/07/06 has decided to provide 10.14 % bonus share and 11.06% cash dividend. The proposed dividend and bonus share is subject to approval from NRB and upcoming AGM

14% Cash Dividend of Araniko Development Bank Ltd.

The BOD meeting of the Araniko Development Bank Ltd dated 2068/07/03 has decided to give 14% cash dividend subject to approval from NRB and its upcoming AGM.

Source:
jamb

30% Cash Dividend & 40% Bonus Share of Chilime Hydropower Co. Ltd.

The 216th BOD meeting of the Chilime Hydropower Co. Ltd dated 2068/07/02 has decided to give 30% Cash Dividend and 40% Bonus share subject to approval from its upcoming AGM.

Source:
jamb

7.37% Cash Dividend of Bank Of Asia Nepal Ltd.

The 81th BOD meeting of Bank Of Asia Nepal Ltd dated 2068/7/6 has decided to provide 7.37% cash dividend to its share holders from the porfit of fiscal year 2067/068. The porposed dividend is subject ot approval from NRB and its upcoming AGM

Source:
Nepse News.

Commercial banks raise home loans rate

More than half a dozen commercial banks have hiked home loan rates by as much as 1.5 percentage points - a move which will disappoint borrowers deeply, citing increase in cost of capital. Banks like NMB Bank, Global Bank, Nepal Industrial and Commercial (NIC) Bank and KIST Bank have enforced the new rates from the new fiscal year, starting from Sunday this week. Following the change, NIC Bank´s home loans rate has jumped to as high as 16.49 percent. Similarly, rate of NMB Bank also stands at over 16 percent, while that of KIST Bank has gone up to the range of 14 to 16 percent.

The fresh hike has also jacked up the industry average rate of home loans to just over 16 percent. So far, the industry average rate was over 15 percent. "We had to raise the rates mainly because the central bank´s directives sought us to close the interest rate gap between different savings schemes to 2 percent or less. This raised our cost of capital," said Upendra Paudel, chief executive of NMB Bank. The central bank has asked the banks and financial institutions to bridge the gap in rate between different savings products, mainly as bankers, while luring fresh deposits, offered higher rates to new depositors only, leaving old accounts holders deprived of due interest return.

Banks were offering as high as 10 percent interest return to new depositors, whereas older depositors were offered as low as 3 percent. "This is not fair. The banks must bridge the gap to 2 percent or less," NRB had said in its directives. Though a few banks had instantly complied with the directives, most of the BFIs are just gearing up to implement it. As a result, sources told Republica that more banks may follow the suit and raise lending rates because they are ´left with no choice´ as they have raised the rate of minimal interest rate to bridge the gap.

"As liquidity problem has not faded away in a large number of banks, they cannot lower the higher rates. And the unwanted raise of lower savings rate has gone up to increase cost of capital," said the source. Interestingly, the latest hike in lending rate has come contrary to what Nepal Bankers´ Association (NBA) had announced about a month ago. With the ease in liquidity in leading banks, NBA had said they have lowered the interest return to corporate clients by as much as a percentage point. "We believe this will eventually lead to drop in lending rates," NBA president Ashok Rana had told Republica then.

Source:
myrepublica

No bonus for Rastriya Banijya Bank staff

Citing on the directive issued to Nepal Oil Corporation last August, the Commission for Investigation of Abuse of Authority (CIAA) said that the demand of receiving bonus of Rastriya Banijya Bank (RBB) staff could not be justifies. Appearing before State Affair Committee under legislature parliament today, CIAA secretary Bhagawati Prasad Kafle said that the bonus should not be distributed unless the bank recovers its accumulative loss. The anti-graft body last August had directed Nepal Oil Corporation (NOC) to revoke its decision of bonus distribution. "The corporation cannot distribute bonus citing profit for one year since it is reeling under accumulative loss," the CIAA had said.

The anti-graft body had also instructed the government not to distribute bonus at any other public entities suffering accumulative loss, even if they recorded profit in a specific fiscal year. "The directive issued to NOC should be taken an example for all the other public enterprises, if they are incurring accumulative loss," Kafle reiterated, adding that the decision will save state coffer.
Source:
tht

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