Chilime Hydro Power Co. Ltd Initial Share Allotment Result

Chilime Hydro Power Co. Ltd. Initial Share Allotment Result
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IPOs worth Rs 580m okayed this FY

The combined value of initial public offerings (IPOs) made during the first six months of the current fiscal year was up significantly compared to 2009-10 despite a fall in the number of issuing companies. The Securities Board of Nepal (SEBON) gave its nod to nine companies to make IPOs amounting to Rs 580.03 million during the review period compared to 11 companies permitted to make IPOs worth Rs 395.40 million in the previous fiscal.

According to the stock market regulator, two finance companies, five development banks, one hydropower company and one insurance company received SEBON's go-ahead to IPO during the first half of this fiscal year. Among the nine companies getting SEBON's approval, Gurans Life Insurance Company made the largest IPO of 1.08 million shares.

Meanwhile, the value of rights shares approved was half that of 2009-10. SEBON okayed the issue of rights shares by 16 companies worth Rs 3.37 billion against Rs 6.13 billion previously. Nine finance companies, four development banks, two commercial banks and one insurance company were cleared to issue rights shares in the first six months of this year. Sanima Bikas Bank's rights issue was the largest among the development banks. Dhruba Timilsina, corporate finance department chief at SEBON, said that the supply of shares in the capital market had surged after Nepal Rastra Bank instructed BFIs to increase their paid-up capital by 2012-13.

Source:
ekantipur

Prime’s shares allotted

KATHMANDU, Aug 4 - As many as 74,858 applicants for ordinary shares of Prime Bank have been allotted shares.
Three million units of shares went on sale from May 24-27 which attracted 335,448 applicants including the bank's 155 employees.
The per share value of the ordinary shares stands at Rs. 100.
According to a press release of the bank, the results of the allotment can be viewed on Prime Bank's website www.primebank.com.np and its issue manager Citizen Investment Trust's website www.nlkosh.org.np.
Kantipur Report

Vibor Bank's Share Allotment Result

The general shares of Vibor Bikas Bank Ltd. are going to be allotted today on 2nd August 2009 (2066 Shrawan 18). NMB, the issue manager, along with the Vibor Bank authoratives have just arrived at Hotel Annapurna, Durbar Marg. They are planning to reveal the result today.The result will be published soon. So keep on watching the website.Till now Vibor Bikas Bank's share allotment model has been obtained.
DOWNLOAD VIVOR SHARE ALLOTMENT MODEL

The Bank IPO was oversubscribed nearly 5 times. Vibor Bikas Bank Ltd issued 26,52,000 shares as initial public offering from 10th june 2009 (2066 Jestha 27th). Vibor Bikas Bank Limited (VIBOR), a national level category B financial institution licensed from Nepal Rastra Bank (the central bank of Nepal), commenced its operation from October 4, 2007. VIBOR is promoted by non-interfering, trusting, and open-minded 135 people coming from diverse background. Collectively, the promoters hold 61 percent of the total capital of Rs. 680 million. However, no individual promoter holds more than 3%, the average shareholding is 0.45% and the standard deviation 0.46%. Remaining 39% will be sold to general public. (Courtesy: NEPSEGuide)

Nepal CSI Development Bank Ltd to issue public shares

KATHMANDU, July 31: Nepal CSI Development Bank Ltd is issuing 3 million units of public shares worth Rs 300 million by mid-January 2010. The bank has appointed NIDC Capital Markets Ltd issue manager for this purpose.After the sales of the public shares, the banks paid-up capital would reach Rs 1 billion making it the first development bank to have the largest amount of paid-up capital, states a press release issued by the bank.A board meeting of the bank has also decided to appoint Bhushan Shamsher Rana and Bhaskar Rimal to the posts of Chief Executive Officer and General Manager of the bank respectively. The bank also stated that it has plan to upgrade itself to Category ´A´ commercial bank in near future.

Agricultural Development Bank (ADB)IPO within mid-August

KATHMANDU, July 31: Agricultural Development Bank (ADB) Nepal is planning to float its shares in the market by mid-August, Janak Raj Shah, CEO of the bank, said."We are currently waiting for approval from Securities Board of Nepal," Shah told journalists at a press meet organized in Kathmandu on Friday. "Soon after we get the clearance, we will launch the Initial Public Offerring (IPO). This can happen within mid-August." ADB-Nepal is launching the biggest IPO of Rs 960 million in Nepal.Established in 1968, ADB Nepal, a state-owned bank, was incorporated into a public limited company in July 2005.In the last fiscal year ended July 15, this category ´A´ bank generated a net profit of Rs 1.67 billion. This profit, however, does not include the entire fund that the bank received from the government for writing off debts of borrowers, Shah said.In the last fiscal year, the government had waived debts of individuals who had borrowed loans of up to Rs 30,000 from ADB Nepal. It had also waived interest and other penalties for persons who had taken a loan ranging between Rs 30,000 and Rs 100,000 from the bank.To compensate the bank for writing off debts and interest amounts, the government in the last fiscal year had given Rs 4.17 billion to the bank. Of this amount, the bank has deposited Rs 3.89 billion in its reserve fund. This amount, however, has not been included while calculating net profit of the bank, Shah clarified.Till the last fiscal year, ADB Nepal collected Rs 35.04 billion in deposits and mobilized Rs 38.22 billion in loans. By the end of the last fiscal year, its non-performing loans had also come down to 8.66 percent from 11.69 percent of fiscal year 2007/08.
REPUBLICA

More on Crystal’s IPO allotment

KATHMANDU: NMB Bank has allotted Crystal Finance’s primary issue on Monday. According to a press release, the company received 52,219 applications for 65,22,665-unit of shares. But only 11,242 applicants including 24 employees received 2,10,000 units of primary issue. The primary issue of Crystal Finance was floated on June 16-19. — HNS

4,657 Sunrise share applications rejected

A dispute has arisen between applicants for Sunrise Bank shares and NMB Bank, the share issue manager, after the issue manger disqualified 4,657applications for 1,173,599 share units, citing serious flaws in the application process. Upendra Paudel, chief executive officer at NMB Bank, said that the disqualification of the applications was not guided by any ill intension but was forced by the serious nature of mistakes made by the applicants.

Sunrise Bank Share Allotment Result

The general shares of Sunrise Bank Ltd. has been allotted on 9th July 2009 (2066 Ashad 25). To check your allotment,
follow this link (http://nmb.com.np/sunrise/index.php) (ie From NMB Bank's Site)

NMB Bank Ltd allotted the shares of Sunrise Bank Ltd on Thursday. Sunrise Bank had received a total of 3,44,526 applications — including 295 by staff of the bank — for 10,03,19,959-unit shares. Of the total applications, 4,657 applications were rejected as the applicants had not filled the forms completely. “Applicants, who have not filled in their grandfather’s names, account number — and anything other factor that is mandatory or missed the signature ares — are disqualified,” said the issue manager.According to the IPOs Regulation, an applicant must fill the bank account number as the money would be returned through banks by account payee cheque.

Arun Valley Hydropower Company Ltd Issues Initial Shares.

Arun Valley Hydropower Company Ltd. is issuing 515000 no. of shares as initial public offering from today, 23rd June 2009 (2066 Ashad 9) at Rs. 184 per share.

Vibor Bikas Bank Ltd Issues Initial Public Shares

Vibor Bikas Bank Ltd is issuing 2652000 shares as initial public offering from 10th june 2009