Raptibheri floating IPO share to general public from today

Raptibheri Bikas Bank Limited is issuing its Initial Public Offering (IPO) worth Rs 5 crore from Magh 22, 2071.

The class ‘B’ development bank based in Banke, Bardiya and Dang district has stated that the issue will close on Falgun 8, or by Magh 26 at the latest.

 One must apply for a minimum of 50 units and maximum of 1,00,000 units of the primary shares being floated at the face value of Rs 100 per unit.

 Of the total 5,00,054 units of the shares being issued, 25,003 units have been earmarked for the mutual funds and another 10,001 have been set aside for the bank staffers.

 NMB Capital Limited is the issue manager for this issue.

 The development bank’s paid-up capital will rise to Rs 12.50 crore from the existing Rs 7.50 crore following the IPO.

 The development bank has head office in Nepalgunj (Banke district) and branches in Bardiya and Dang district.

 The company EPS stands at Rs 10.64 and has Rs 1.78 crore in reserve fund as per the last fiscal year 2070/71 financial statement.

ShareSansar, February 5

Century Bank proposed 25% right share; book closure on Magh 28 for AGM

Century Commercial Bank Limited has proposed 25 percent right share to its shareholders after the issuance of 6 percent bonus share. Earlier, the bank has already proposed 3.47 percent cash dividend and 6 percent bonus share. However, the decision is subjected to approval from Bank’s upcoming Annual General Meeting.

The bank also announced the date for its 4th Annual General Meeting which will be conducted on Falgun 28, 2071. The register of their shareholders will remain close for the same purpose from 2071-10-28 to 2071-11-28.
ShareSansar, February 3:

Garima Bikas Bank Limited has posted net profit of Rs.65.27 million and published its 2nd quarter company analysis of the fiscal year 2071/72.

Garima Bikas Bank Limited has posted net profit of Rs.65.27 million and published its 2nd quarter company analysis of the fiscal year 2071/72.

Machhapuchchhre Bank Limited has posted net profit of Rs.344.08 million and published its 2nd quarter company analysis of the fiscal year 2071/72.

Machhapuchchhre Bank Limited has posted net profit of Rs.344.08 million and published its 2nd quarter company analysis of the fiscal year 2071/72.

6 companies listed bonus share; Investors now can sell FY 70/71 bonus shares

Nepal Stock Exchange Limited (NEPSE) has listed bonus share of six different companies today for trading. Now the investors holding bonus share of these six companies can sell their shares.

Earlier, Central Finance Limited, Arun Valley Hydropower Development Co. Limited, Business Universal Development Bank Limited, Sanima Bank Limited, Global IME Bank Limited and Bhrikuti Development Bank Limited listed their bonus share in NEPSE for trading.

Central Finance listed 1,70,216 units, Arun Valley listed 6,95,980 units, Business Universal listed 9,26,269 units, Sanima Bank listed 33,22,732 units, Global IME listed 86,97,817 units and Bhrikuti Development listed 9,74,655 units bonus share.

ShareSansar, February 2:

Kumari Bank posts outstanding profit growth; earns Rs 18.16 crore in Q2

Kumari Bank Ltd. (KBL) has posted an outstanding profit growth of 194.08 percent in the second quarter of last fiscal year 2071/72. 

According to the second quarterly report of the bank published, the net profit increased to Rs 18.16 crore, up from Rs 6.17 crore in the corresponding previous year quarter ending. 

The profit was largely propelled by its net interest income of Rs 43.41 crore compared to Rs 35.17 crore of last fiscal year which is almost 23.39 percent growth. The increase in net interest income clearly signals that the banks was able to increase its core business activities.

Kumari Bank able to collect Rs 34.37 arba in deposit and mobilized Rs 25.28 arba in loan and advances in the last fiscal year as compared to Rs 27.40 arba in deposit and Rs 21.51 arba in loan by the end of the second quarter of the fiscal year 2071/72.

The bank is able write back Rs 5.65 crore whereas it’s provisioned Rs 9.63 crore for possible losses.

Kumari Bank annualized EPS now stands at Rs 20.75, per share net worth at Rs 134.58 and P/E ratio at 18.08 times.

Its NPA stood at 3.84 percent.

ShareSansar, January 26:

BOD meeting of Siddhartha Insurance proposes 26.315% dividend

The BOD meeting of Siddhartha Insurance Limited (SIL) has proposed 10 percent stock dividend and 16.315 percent cash dividend to its shareholder from its net profit earned last year.

However the decision is yet to get approval from the Insurance Board and its upcoming 13th Annual General Meeting.

ShareSansar, Jan 25: