IPO Result of City Development Bank CHECK ONLINE !

IPO Result of City Development Bank CHECK ONLINE !
Click here.

IPO Issue: Surya Life Insurance

Surya Life Insurance Ltd is issuing 1080000 units of share at face value of Rs. 100 from 2 to 5 March 2010 (2066 Falgun 18 to 21).
Click here for more details. (Courtesy:Nepalsharemarket.com)

IPO Issue: Prime Life Insurance

Prime Life Insurance Ltd is issuing 1080000 units of share at face value of Rs. 100 from 9 to 12 March 2010 (2066 Falgun 25 to 28).

Click here for more details. (Courtesy:Nepalsharemarke.com)

Nerude IPO Allotted on 14th Feb

Nerude Laghubitta Bikash Bank Limited has allotted 60000 units of share on 14th February 2010 (2066 Falgun 2). Nerude had issued the initial public offering of 60000 units including 2400 units to its staffs at face value of Rs. 100 from 1 to 5 January 2010 (2066 Poush 17 to 21).

लगानीकर्ताले अढाई खर्ब गुमाए

पूँजीबजारले पछिल्लो डेढ वर्षयता सेयर बजारमा लगानी गर्नेले २ खर्ब ४२ अर्ब रुपैयाँ गुमाएको छ । सेयर मूल्य लगातार झरेपछि पूँजीबजारले यो रकम गुमाएको हो ।

मंगलबार बजार पूँजीकरण ३ खर्ब ७० अर्ब ३९ करोड रुपैयाँमा झरेपछि लगानीकर्ता घाटा सहन बाध्य छन् । गत भदौ १५ गते नेप्से उच्च पुगेको दिन बजार पूँजीकरण ६ खर्ब १२ अर्ब ५४ करोड रुपैयाँ थियो । बजार पूँजीकरण स्टक एक्सजेन्जमा सूचीकृत कम्पनीको कुल सेयरमा हालको बजार मूल्यले गुणन गरेर निकालिन्छ ।

City IPO in the town from 2nd Feb

City Dev. Bank Limited

Name                                            City Development Bank Limited

Licensed As                                  "B" Class Development Bank

Registered Central Office:            Chipledhunga, Pokhara, kaski

 Area Of Operation                       Kaski, Tanahau and L

amjung as Per Requirement

Capital Structure:

                Authorized Capital           : Rs.40,00,00,000

                Issued Capital                    : Rs.20,00,00,000

                Paid-up Capital                  :Rs.14,00,00,000 (Before IPO)

                                                               :Rs.20,00,00,000 (After IPO)

Ownership Structure (After IPO) :                           

                Promoters                          : 70%

                General Public                   : 30%

Management                                                                    :

S.No.	Name	Designation	Education	Experience
1.	Bishwa Mohan Adhikari	CEO	MBA/B.Ed.	More than 13 years of experience in Financial sector
2.	Padma Bahadur G.C	Loan Manager	MBA	More than 10 years of experience in Financial sector
3.	Madhav Prasad Adhikari	Operating Manager	Bachelor Degree	More than 8 years of experience in Financial sector

IPO Result of Udhyam Bikas Bank: Check Online or Download

Yet another IPO Result hits the market, this time its last month released Udhyam Bikas Bank. Well, as the IPO was released only last month 13th Dec 2009, people weren’t expecting the result so soon. Udhyam Bikash Bank had issued 150,000 units shares to pubic at face value of Rs. 100/share. Out of 1,50,000 units, 3,000 units of shares was reserved for the bank employees. The issue manager for the IPO was NIDC Capital Markets, Kamal Pokhari, Kathmandu.

Anyway here are the links to check result online or download it.

■Download IPO Result of Udhyam Bikas Bank (Courtesy: NIDC)

■Download IPO Result of Udhyam Bikas Bank (Courtesy: Jamb)

■Check Online IPO Result of Udhyam Bikas Bank

There was total of 59634 applicants including 25 staffs and 73 invalid applicants. Total applicants had applied for 6834140 units of share however only 8731 applicants hold the right in the bank with 150000 units of share including staff applicants. The IPO is allotted in 40 days of its closing period. This is because of the SEBON provision with less than 100000 applicants must allot within 40 days.

IPO Allotment of Kasthamandap

Kasthamandap Development Bank Limited has allotted its initial public offering today (19 January 2010). The 'B' grade development bank had issued 960,000 units of share to public at face value of Rs. 100 from 17 to 20 November, 2009 (2066 Mangsir 2 to 5). At the 60 days of IPO closing, Kasthamandap has allotted its share to 29206 applicants excluding its employees.

According to SEBON provision on IPO allotment, there is minimum of 40 days and maximum of 70 days to allot the public issue after the closing date. Companies have to allot within 40 days after IPO closing if the number of application is less than 100000. Likewise, if application is between 100000-200000 allotment within 50 days, 200000-300000 within 60 days and if the number of application exceeds 300000, maximum days of allotment will be 70 days.

As per the SEBON rule, Kasthamandap allotted its IPO within 60 days as it had total number of applicants of 2,30,188 including 101 staffs and 364 invalid applicants. Likewise, the demand of shares at IPO was 4,77,27,597 units by all the applicants. However, only 29307 applicants (including 101 staffs) entitled to be the shareholder of the development bank holding total units of 960000 (including 38400 for staffs).

Clik here to Download IPO Result of Kasthmandap Dev. Bank 

Source: Jambnews service

CDS system in 259 days

Establishing Central Depository System (CDS) for clearance and settlement of share trading has come one step closer after the Nepal Stock Exchange (NEPSE) and Central Depository and Services (India) Limited (CDSL) signed an agreement on technical cooperation on Friday. As per the plan of action set by NEPSE, the CDS System will come into operation within 260 days of the signing of agreement between the two sides. The CDSL will be providing technical assistance for the establishment of the system in

FIs not issuing shares 10 yrs after opening

As many as 24 financial institutions (FIs) have not issued ordinary shares in contravention of Nepal Rastra Bank regulations. As per NRB regulations, they are required to go for an initial public offering (IPO) within two years of the establishment of the company.

Five finance companies have, however, not bothered to issue ordinary shares even after 10 years of their establishment. Himalaya Finance Company, a national level finance company, and regional finance companies including Mercantile based in Birgunj, Investa based in Birgunj, Arun based in Dharan and Multipurpose based in Rajbiraj have failed to make IPOs since a decade.

As per the latest directive issued to the banks and FIs, those failing to abide by the above provision must complete making public

Sewa Bikas Bank's IPO from 7th Jan

Sewa Bikash Bank is issuing 400000 units of share to public at face value of Rs. 100 per share from 7th January 2010 (2066 Poush 23). The public offering will end at 11 January at sooner if the demand of units offer exceeds the actual supply units. NMB Bank has been appointed as the issue and sales manager for the IPO. Following is the in-depth analysis of Sewa Bikash Bank.

IPO of Pathivara Bank published

IPO of Pathivara Bank published. Chek online whether you are allotted or not?
Click here to check online.

Nerude Laghubitta Bikas Bank Limited - IPO

Nerude Laghubitta Bikas Bank Limited going to release 60,000 units of Shares to general investor including 2,400 units to its employees at the face value of Rs 100 per share as per announcement letter published in newspaper. Nerude Laghubitta Bikas Bank Limited is issuing its IPO from 1st January 2010 to 5th January. The minimum number of shares to be applied is 10 and maximum in 1000 units. NIDC Capital Market Ltd. has been appointed as the Issue Manager for this IPO.

Asian Life Allotted its IPO

Asian Life Insurance Company Limited which has its registered head office at Brigunj, Parsa allotted its primary issue today (18 December 2009). The company had issued 1080000 units of shares (including 43200 units for its employees) to the general public at face value of Rs. 100. The IPO was opened from 27 October 2009 and was closed at 30th October 2009.

Asian will be the 18th listed insurance company in Nepse as there are already 17 listed insurance companies under Nepse's insurance companies sub-group with a total of 20,703,504-unit shares at Rs 100 face value making a total paid up worth Rs 2,070,350,400. Total of 16306440 units have been applied for 1080000 units of shares from 117141applicants. However, only 29600 public shareholders were allotted.

Click here for online IPO result of Asian Life Insurance.

Soruce:Jamb News Service

Subha Laxmi to make IPO

Subha Laxmi Finance will be making an initial public offering (IPO) of 600,000 shares worth Rs. 60 million to increase its paid-up capital to Rs. 200 million. A press statement issued by the company said that its board of directors meeting held on Sunday had increased its paid-up capital to Rs. 140 million from Rs. 70 million.
Source:ekantipur

IPO Result of Mahakali Development Bank

Mahakali Development Bank, the first development bank of Mahakali zone in the far-western region, had issued public shares from Nov 2nd, 2009. The bank issued 81,800 share units, each with a face value of Rs 100 inorder to raise the paid up capital of the bank to Rs 20 million.
Click here or the link below to CHECK IPO RESULT of Mahakali Development Bank
Established two years ago, Mahakali presently has a depositor base of 4,310. It has mobilized deposits of Rs 120 million and issued loans of Rs 80 million. “We managed to earn profit of Rs 1.23 million in the last fiscal year,” said Joshi.
Click to download Mahakali allotment result.
Source:Nepseguide

Nepse to allow stock brokers operate outside the Valley

Nepal Stock Exchange (Nepse) is soon allowing the stock brokers to operate outside the Kathmandu Valley by permitting them to open their branch office there.
“We have already initiated works to let the brokers operate outside the Valley,” Tanka Paneru, chairman of Nepse, told myrepublica.com. To start with, Nepse is planning to allow the existing 23 stock brokers to operate in at least one city outside the Valley.

Valley Finance Ltds IPO soon

A special annual meeting of Valley Finance Ltd (VFL) has decided to issue 3,84,000 unit shares through initial public offering (IPO) in the near future. VFL has gained operating profit of Rs 4.713 million in the first quarter of current fiscal year. The finance has capitalization of Rs 128 million.

Source:THT

IPO Issue Closing: Resunga

Resunga Bikash Bank is closing its public issue today (6th Dec 09) after banking hour due to higher demand than offer units.

Online result of Resunga:  Click here.

Rural Microfinance Development Centre to issue ordinary shares

Rural Microfinance Development Centre Limited (RMDC), a wholesale financer to micro-finance institutions, is going to go for initial public offering (IPO) of its shares worth Rs. 170 million. The 11th Annual General Meeting (AGM) of RMDC held on Friday approved the proposal of issuing 30 percent ordinary shares. "The move is aimed at raising the RMDC's paid up capital to Rs. 520 million from the existing Rs. 320 million," said Shankar Man Shrestha, Chief Executive Officer of RMDC. "We also aim to increase our authorized capital to Rs. 1billion from existing Rs. 640 million."