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Showing posts from July, 2020

IPO of NRN Infrastructure and Development Limited

Introduction NRN Infrastructure and Development Limited (NRNIDL) is a public Limited Company, registered in Kathmandu under the Company Act 2063, in Nepal (September 2012). The company was registered in the name of NRN Investment Limited which was later changed to NRN Infrastructure and Development Limited on February-02, 2017. The primary motive of the company is to make an investment in the infrastructure sectors with collective investment from different groups of people employed in foreign countries thus mobilizing the remittance income to more productive sectors. The promoters have invested Rs.79.88 crores paid-up capital till FY 2019. About the issue NRN Infrastructure and Development Limited is issuing a total of 3,398,046 units ordinary shares worth Rs. 33.98 crore to the general public from Shrawan-16, 2077. The early closing date of this Initial Public Offering (IPO) is on Shrawan-20, 2077.  Out of total units of 3,398,046 units offered, 2% of the issued capital i.e. 67,96...

NEPAL STOCK EXCHANGE

The Nepal Stock Exchange Limited  (NEPSE) is the only Stock Exchange of Nepal. It is located in Singha Durbar Plaza, Kathmandu, Nepal.  The basic objective of NEPSE is to impart free marketability and liquidity to the government and corporate securities by facilitating transactions in its trading floor through member, market intermediaries, such as broker, market makers etc. NEPSE opened its trading floor on 13 January 1994. The current paid-up capital of NEPSE is approximately USD 4.5 million. Government of Nepal, Nepal Rastra Bank, Rastriya Banijya Bank (former, Nepal Industrial Development Corporation) and other securities businessperson (brokers) are the shareholders of NEPSE. The following table shows the percentage of shareholdings by the respective shareholders on the capital structure: S.No Owners Ownership(%) 1 Government of Nepal 58.65 2 Nepal Rastra Bank 34.6 3 Rastriya Banijya Bank 6.12 4 Members(Brokers) 0.62 Types of Sub Indices Subindex/indces of Nepse are follo...