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Nepse increases by 7pt after losing 42 point

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.

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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...

NRN Infrastructure and Development IPO allotment to be concluded tomorrow (august 11) at 9 AM.

  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...