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Nepali
stock exchange |
Nepal stock exchange
Official website of the
Nepal stock exchange |
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financial institutions |
Imperial Financial
Institution
Hama finance
Good deposit
schemes, 1 year fixed
7%, 3 year even 8%
Alpic everest finance
National finance Co.
Annapurna finance
company
Standard Finance Limited
Union finance company
Capital Merchant Banking
& Finance
Everest finance
Ime Financial
institution
Gorkha finance
Universal finance
Business Development
Finance Inst.
Nawa Kantipur
Deposit and loan schemes
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News item 14-9-2007 |
With
Nepal stock exchange
(Nepse)
index scaling a new high
every day and looking
towards the 900-point mark,
multimillion offerings are
set to rain on Nepse. Some
of the mega issues are: Rs
300 million worth initial
public offering (IPO) of
Global
Bank, Rs
300 million worth IPO of
Citizens Bank Rs 500 million worth
debenture of Salt Trading
Corporation (STC) and Rs 250
million worth debenture of
Himalayan Bank Ltd
and Rs
128 million worth IPO of
Nepal Development and
Employment Bank Ltd,
totalling to over one
billion rupees. They are
likely to be announced by
February 2008.
Nepal Telecom
(NT) is also planning to
issue IPO amounting to Rs
1.5 billion — in two phases
of Rs 750 million each. The
first phase would be for its
employees and the second,
for the public. The NT’s IPO
would be the biggest ever
offering in the Nepse’s
history. However, NT should
have issued its IPO long
ago. Bureaucratic hassles
delayed the floatation. Apart from IPOs,
some development banks and
finance companies are
issuing rights shares to
increase their paid up
capital according to the new
directives of
Nepal Rastra bank
(NRB), the regulatory
body. According to the data
of Securities Board of Nepal
(SEBON), two development
banks — Paschimanchal Bikas
Bank Ltd and Bhrikuti Bikash
bank Ltd, seven finance
companies and Sagarmatha
Insurance Company Ltd, an
insurance company are in the
pipeline to issue rights
shares issue. However,
Invest Finance Company is
planning to issue IPOs worth
Rs 16 million and Arun
Valley Hydro is also
planning IPO with Rs 300
premium, according to the
SEBON. “With all these
issues market is expected to
cool down,” according to a
broker. “The high demand and
short-supply condition will
be balanced with the new
IPOs,” he added
Read more about the IPO's on
the Nepse
Other investment news and
articles:
Narayani Industrial
Development Bank listed
on the Nepal Stock
Exchange
(6-2-2007)
Nepal suffering from
capital flight?
(1-2-2007)
Nepal Stock Exchange
suspends trading of
Nepal Credit and
Commerce Bank
(30-1-2007)
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Easy
money and Nepali finance
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