GONEPSE

  Reliance Life Insurance Limited has been issuing 63,00,000 units worth Rs 63 crore as Initial Public Offering to the general public from (Bhadra 4, 2077).  Out of the offered 63,00,000 units; 5% of the total offered shares to the general public i.e. 3,15,000 units have been set aside for the employees of the company and 5% of the total offered shares to the general public i.e. 3,15,000 units have been set aside for the mutual funds. The remaining 56,70,000 units are for the general public. As per the issue manager Sanima Capital Limited, the issue has received approx 5,03,802 applications applying for a total of 2,04,14,190 units of shares worth Rs 2.04 Arba till 4.0 PM today (Bhadra 7). This issue is already oversubscribed by 3.6 times. Applications can be placed for a minimum of 10 units and a maximum of 63,000 units. After the issuance of 63,00,000 units worth Rs, 63 crore IPO shares the general public i.e 30% of total capital which will together raise its paid-up capital...

Liberty Energy Company Limited has closed the issue of 35,64,930 units (including 13,14,930 units unsubscribed by locals) worth Rs 35.64 crore as Initial Public Offering to the general public today. The issue was open for application from Bhadra 3, 2077. As per the issue manager NIBL Ace Capital Limited, the issue has received approx 1,85,975 applications applying for a total of 71,68,110 units of shares worth Rs 71.68 crores. After the issuance of 37.50 lakhs units IPO shares to locals and general public i.e 25% of total capital which will together raise its paid-up capital to Rs 1.50 Arba. ICRA Nepal Limited had assigned an [ICRANP] IPO Grade 4 to the Rs.37.50 Initial Public Offer of Liberty Energy Company Limited. Instruments with this grading are considered to have below-average fundamentals. The company is developing the 25 MW Upper Dordi ‘A’ HEP in Faleni and Dhodeni VDC, Lamjung district of western Nepal. The per megawatt cost of the project (including IDC) is Rs 18.54 crore and...

Book building is a process of price discovery. It is a mechanism where, during the period for which the IPO is open, bids are collected from investors at various prices, which are above or equal to the floor price. The offer price is determined after the bid closing date. Understanding Book Building Book building has surpassed the 'fixed pricing' method, where the price is set prior to investor participation, to become the de facto mechanism by which companies price their IPOs. The process of price discovery involves generating and recording investor demand for shares before arriving at an issue price that will satisfy both the company offering the IPO and the market. It is highly recommended by all the major stock exchanges as the most efficient way to price securities. IPO Pricing Risk With any IPO, there is a risk of the stock being overpriced or undervalued when the initial price is set. If it is overpriced, it may discourage investor interest if they are not certain that t...

  Securities Stock Dealer Operation Guidelines, 2077 has been approved by NEPSE and will be applicable from Bhadra 1, 2077. NEPSE will provide the list of tradable securities on its website for a stock dealer. The companies whose securities will be qualified for trading should: a) Be profitable over the past three years. b) Have a minimum of 10,000 investors. c) Have a paid-up capital higher than 20 crores. d) Must have traded on 80% of the trading days in the last year. While NEPSE will update the list every year, a stock dealer should present a list of the qualifying companies that it wishes to trade. A stock dealer cannot trade the security that is not mentioned in its list with its system. Nevertheless, it can carry out such transactions via a broker company. A stock dealer can trade securities in a single day whose monetary amount should not be higher than 60% of its net worth. It should also keep Rs. 50 lakhs cash or bank guarantee in NEPSE in order to trade listed securities...

  The allotment of NRN Infrastructure and Development Limited is done on 11 August at the premises of Sanima Capital Limited at 9 AM. The allotment process will be streamed live on the Sanima Capital Facebook page. NRN Infrastructure and Development Limited  has closed its issue of 33,98,046 units ordinary shares worth Rs 33.98 crore to the general public on Shrawan 21. Out of the offered 33,98,046 units; 2% of the total offered shares i.e. 67,961 units was  set aside for the employees of the company and 5% of the total offered shares i.e. 1,69,902 units have been set aside for the mutual funds. The remaining 31,60,183 units are for the general public. As per the issue manager Sanima Capital Limited, the issue has received approx  4,28,153 applications applying for a total of 1,65,67,600 units of shares worth Rs 1.65 arba till last day.   This issue is oversubscribed by 5.24 times. Now its confirm that allotment will be done on the...

Today Nepse has increased by 7 points with positive circuit in 3 companies. Ajod Insurance Limited (AIL),Aarambha Chautari Laghubitta Bittiya Sanstha Limited (ACLBSL),Nepal Finance Ltd. (NFS) hit the positive circuit today.