Standard Chartered Bank FPO Result 2074 | Check Online FPO Share Result

Standard Chartered FPO allotment concludes; up to 140 units decided through lottery, others allotted 6.38% on pro rata basis

NMB Capital Limited, the issue manager for 25.58 lakh units FPO shares of Standard Chartered Bank Nepal Limited (SCB) has concluded its FPO allotment of 25,58,140 units shares today at Hotel Yellow Pagoda, Jamal at 4:00 PM.

Allotment for small investors who had applied Rs 12,900 (or 10 shares) to Rs 180,600 (or 140 shares) were decided through lottery. Other investors who had applied from 150 shares were allotted 6.38% on pro-rata basis.

Investors who had applied for 30 units got 10 shares through lottery, whereas those who applied for 25,580 units got 1632 shares. Out of the total 2,17,322 valid applicants, 1,40,132 investors got the shares.

There were 4,291 invalid applicants.

Overall, the FPO had collected Rs 36.41 arba from 2,21,613 applications.

The shares set aside for retail investors (10, 20 and 30 units) was oversubscribed by 4.06 times and those set aside for other category (more than 30 units) was oversubscribed by 15.68 times.

Individual lottery results can be checked at ShareSansar’s IPO Result section later today.

Standard Chartered Bank Nepal Limited had floated 25,58,140 lakh units FPO shares worth Rs 3.30 arba at Rs 1,290 per share from Chaitra 1 to Chaitra 4, 2073. It has earned Rs 74 crore in the second quarter of the FY 2073/74. After the FPO allotment, its paid up capital has grown by Rs 25.58 crore and has reached Rs 4 arba and 57 lakhs. Its promoter – public shareholding structure now stands at 70.21% and 29.79%. Likewise, its reserve has grown by Rs 3.04 arba.

As per the bank, it will issue 100% bonus shares to its shareholders from the premium earned from the FPO and profit in the FY 2073/74, thereby meeting NRB’s requirement of increasing its paid up capital to a minimum of Rs 8 arba.

SEBON publishes guidelines regarding FPO price fixation

Securities Board of Nepal has issued a press statement regarding the process and fundamentals before issuing Further Public Offering (FPO). A committee was formed by the Board to manage, maintain transparency and retain uniformity in the price fixation of FPO .Any listed companies in NEPSE can issue FPO.As per the decision of the committee on Shrawan 25, 2073, the committee has fixed following decisions regarding FPO price fixation:

Unilever Nepal shareholders to get Rs1020 per share dividend; AGM on Ashwin 5; LTP stood Rs 33,780

Unilever Nepal Limited (UNL) has announced dividend of Rs. 1020 per share on equity shares of Rs. 100 each to its shareholders.

As per the notice published in Nepal Stock Exchange, the BOD meeting held on Shrawan 28, 2073 proposed cash dividend of Rs. 1020 per share to its shareholders from the net profit it earned in the last fiscal year 2072/73.

The decision is subjected to approval from company’s upcoming Annual General Meeting (AGM) which is going to be held on Ashwin 5, 2073.

Unilever is the highest dividend distributing companies in Nepal among all the listed companies and also the most expensive share in secondary market of Nepal.

Earlier, The company had distributed Rs 990 per share cash dividend to its shareholders from the net profit earned in the fiscal year 2071/72.

The last traded price of the company stands at Rs 33,780 as of August 10, 2016 in NEPSE.

It is a subsidiary company of the Hindustan Unilever Company which owns an 80% stake in the company and rest 20% is owned by the general public of Nepal.

Mega Bank issuing 81.01 lakh unit Right Share from today; closes on Bhadra 29

Mega Bank Nepal Limited (MEGA) is issuing 4:1 (25%) right shares to its existing shareholders from today (Shrawan 27, 2073).

The rights issue will close on Bhadra 29, 2073.

Mega Bank is issuing a total of 81, 01,438 unit right shares at the face value of Rs 100.

The book closure date for 25% right issues was set for Shrawan 10, 2073. Only the shares registered one day ahead of the book closure date i.e. Shrawan 9, 2073 are eligible for the right shares.

Global IME Capital Limited has been assigned as the issue manager for the right issue.

Interested shareholders can collect the application forms from Global IME Capital Limited, Rastriya Naachghar, Jamal, Kathmandu and all branch offices of Mega Bank

After the adjustment of the rights shares, the bank total paid-up capital will reach to Rs 4.05 arba from existing Rs 3.24 arba . The bank has authorized capital of Rs 10 arba. Its public-promoter share structure stands at 51:49 ratio.

Its last trade price (LTP) stood at Rs 514 as on August 10, 2016.

Mega Bank has earned net profit of Rs 55.20 crore in the fourth quarter of the fiscal year 2072/73.

The bank has 44 branches, 53 Branchless Banking outlets, 45 Mega ATM Counters, 1400 Mega Remittance Centers and one extension counter.

Laxmi Value Fund 25% cash dividend book closure on Bhadra 1; Only 4 trading days left

Laxmi Value Fund-1 (LVF-1) has published book closure date for 25% cash dividend to its unit holders.

As per the notice published on NEPSE, the register of unitholders of Laxmi Value Fund-1 will remain close on Bhadra 1, 2073 for the purpose of distributing 25% cash dividend to their unitholders. Only the shares registered one day ahead of the book closure date i.e. Shrawan 32, 2073 will be eligible for the dividend.

LVF-1, a closed-ended 5 years mutual fund scheme managed by Laxmi Capital Market Limited, has been steadily growing.  Its Net Asset Value (NAV) has risen to Rs 15.38 by the end of Ashad.

The scheme, which began with a fund size of Rs 50 crore, has invested Rs. 53.78 crore in the shares of listed companies and Rs 43.25 lakh in public issues. The scheme has invested in 467.462 unit shares in 48 listed companies.

Its Last Traded Price (LTP) stood at Rs 16.80 at NEPSE on August 10, 2016.

Prime Bank Limited Issuing Right Share from Bhadra 12, 2073

Prime Bank to issue 1.23 crore unit right shares from Bhadra 12; Paid up capital to reach Rs 4.93 arba

Prime Commercial Bank Limited (PCBL) will be issuing 3:1 (33.33%) right shares to its existing shareholders from Bhadra 12, 2073.

According to the notice published by the commercial bank today, the rights issue will remain open for 35 days before closing on Ashoj 16, 2073.

Prime Commercial Bank will be issuing a total 1, 23, 50, 874 unit right shares at the face value of Rs 100.

The book closure date for 33% right issue has been set for Shrawan 19, 2073. Only the shares registered one day ahead of the book closure date i.e. Shrawan 18, 2073 will be eligible for the right shares.

Civil Capital Markets Limited has been assigned as the issue manager for the right issue.

Shareholders can collect the application forms from Civil Capital Market Limited, Kamaladi, Kathmandu and from central and all branch offices of Prime Commercial Bank.

PCBL has earned net profit of Rs 1.12 arba in the fourth quarter of the current fiscal year 2072/73. It’s paid up capital remains at Rs 3.70 arba. After issuance of 33.33 percent right share, the paid up capital will reach Rs 4.93 arba.

Prime Commercial Bank has recently signed an agreement to acquire Biratlaxmi Bikas Bank Limited (BLDBL) and Country Development Bank Limited (CNDBL).

Its last traded price stood (LTP) at Rs 670 as on August 10, 2016.

Shikhar Insurance reserve rises by whopping 269.33% to Rs 45.94 crore in Q4; Policy holder grew to 2.28 lakh

Shikhar Insurance Company Limited (SICL) has reported a profit growth of 41.27 percent in the fourth quarter of the last fiscal year 2072/73.

According to the unaudited financial report for the fourth quarter the non-life insurer has published today, its net profit increases to Rs. 31.02 crore in fourth quarter as compared to Rs. 21.96 crore in the corresponding quarter of the last fiscal year 2071/72.

The company’s net earnings from premium grew to Rs 1.02 arba in Q4 from Rs. 64.37 crore in the same quarter last year.

The insurance company has paid up capital of Rs 50.98 crore and has Rs 46.11 crore in Insurance fund.

The positive aspect of Shikhar’s financial report for the fourth quarter is that its reserve fund has reached Rs 45.94 crore, up from Rs. 12.44 crore in the previous fiscal year. The reserve fund of the company increased by 269.33%

The company has collected huge amount in insurance premium which helps for increment in net profit. As shikhar insurance had issued FPO at Rs 550 premium price which help to increase its reserve.

SICL policy holder has drastically increased to 2.28 lakh in Q4 from 1.55 lakhreported in the same period of last year.

Its earning per share (EPS) stand at Rs 64.06, Price Earning (P/E) ratio is at 53.4 times and net worth per share at Rs. 282.61.