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 Norvic International Hospital (NIH) has converted into a public limited company, aiming to float primary shares to the public to raise capital for its expansion plan. Norvic Hospital, which has laid the foundation for quality healthcare in Nepal from the private sector, has transformed itself from a private company to a public company under the concept of expanding its services in the future and ensuring public participation in this work. This is probably the country’s first hospital that has looked forward to issuing its shares to the general public. At a time when real sector companies are being reluctant to go public, the Capital-based hospital has decided to do so. Som Nath Bastola, information officer for NIH, said the hospital is planning to expand its services from the locations out of the valley. According to him, they have been adding up 100 beds in the Kathmandu-based infrastructure along with opening a 100-bed hospital each in Sunsari and Bhairahawa. “The time and modal...

  Union Life Insurance limited has been received permission to issue an IPO. The Securities Board of Nepal (SEBON) has been given permission to the company to issue IPO shares on July 27. The company is going to issue 64,50,000 units IPO shares to the general public from 24 Ashad 2078 i.e 08 July 2021. GroupWise IPO Offered details: For Company Employee (5%) : 3,22,500 Units For Mutual Funds (5%): 3,22,500 Units and remaining 58,05,000 Units For the General Public. Out of the offered 64,50,000 units; 5% of the total offered shares to the general public i.e. 3,22,500 units have been set aside for the employees of the company and 5% of the total offered shares to the general public i.e.3,22,500 units have been set aside for the mutual funds. The remaining 58,05,000 units are for the general public. Prabhu Capital Limited has been appointed as the issue manager for the IPO issuance. General Public Applications can be placed for a minimum of 10 units and a maximum of 32,250 units. Wha...

IPO ISSUE OF UNION LIFE INSURANCE COMPANY LIMITED Date: Jun 28, 2021 SEBON's permission to issue IPO to Union Life Insurance Limited Union Life Insurance limited has received permission to issue an IPO. The Securities Board of Nepal (SEBON) has given permission to the company to issue shares on July 27. The company will issue 64,50,000 units IPO shares to the general public soon.  ICRA Rating of Union Life Insurance   The rating agency ICRA Nepal has given 'ICRNP-IR Triple B' rating to the IPO that the company is about to issue. This indicates that the investment in the company's primary shares has a moderate level of security and is able to meet financial obligations on time. ICRA Nepal has assigned “[ICRANP] IPO Grade 4+” indicating below average fundamentals to the proposed initial public offering (IPO) issue amounting to NPR 645 million of Union Life Insurance Company Limited (ULICL). ICRA Nepal assigns IPO1 grading on a scale of IPO Grade 1 to IPO Grade 5, with G...

Sarbottam Cement IPO Issue Update: Dividend and Book Building  Sarbottam Cement has decided to issue 60,00,000 lots through IPO book building method and also to pass 20% dividend. This will be the second company to issue an IPO by a cement company. Earlier, Shivam Cement had continued its good presence in the secondary market by issuing IPOs. After institutional investors submit bids with a quoted price for 40% of the shares (24 lakh units), the remaining 46.66% (28 lakh units) will be issued to the general public and 13.33% (8 lakh units) to the project affected people at 10% lesser than the quoted price. As recent update, Company has been appoint 4 issue manager for share issue. This company will be the first company who is going to issue IPO share from   Book Building Process  . Upcoming IPO of the best Cement Company Appointed Issue Managers are as following: 1.  Global IME Capital Ltd. 2.  NIBL Ace Capital Ltd.  and  3.  Prabhu Capital ...

The proposed Himalayan reinsurance will get the license. The Insurance Committee had called for a proposal saying that another reinsurance company was needed after conducting a study of the reinsurance market. Following all the four companies, Himalayan Reinsurance will get the license of the reinsurance company. The Government of Nepal has 44.039 percent investment in the Nepal Reinsurance Company which is currently in operation. Similarly, the share of the public has been 16 percent. Vishal Group has 3 percent and Rastriya Bima Company has 2.7 percent investment. The remaining investment is from the old non-life insurance company. Five companies had submitted their proposals to the board after the committee called for a secret shillbandi proposal. According to a board source, the proposal study committee submitted a report that Himalayan Reinsurance got high marks while studying the proposals of five companies that submitted proposals to the board. The study report has been submitted...

IME Life Insurance Ltd IPO Issue Name: IME Life Insurance Limited Established: 2065 Aswin 15 (October 01, 2008) Operation Date: 1st Bhadra 2074 Paid up Capital: NPR 1.4 Billion Paid up Capital after IPO: NPR 2 Billion About IME Life Insurance   Registered in 2065 Aswin 15 (October 01, 2008), IME Life Insurance started its operation from 1stBhadra 2074 (August 17, 201) offering a range of individual and group insurance solutions that meet various customers' needs such as Protection, Savings, and Investment. IME Life has paid up capital of NPR 1.4 Billion and will reach 2 Billion after IPO. Company's reinsurance partner is Nepal Reinsurance Company Ltd.   Promoted by IME Group has an unrivalled strength - a wide reach with IME Group offices in Nepal and 6000 plus IME Centers and local remittance agents. IME Life is all set to conquer and establish a strong client base via agency, corporate agency, banc assurance and direct channels whom we call- our Strategic Par...

  About Manushi Laghubitta Bittiya Sanstha Limited Manushi microfinance program commenced in April 2002 as a major program of Manushi which was established in 1991. Presently, Manushi Microfinance is registered under company act and got the D class bank license from Nepal Rastriya Bank in Ashoj 25, 2075 B.S. The program is fully guided by the principles such as reaching the poorest, supporting and empowering women, building financially self-sufficient institutions and ensuring positive and measurable impact on the lives of clients and their families. With a view to opening up new venues of expansion and exploration of the program among clients, Manushi Laghubitta Bittiya Sanstha Limited is dedicated in pushing and pulling our activities further, bringing sustainable development and bringing them in the mainstream of development. Our program has supported the rural economy and has contributed to enhance social security, women's empowerment,child education, health and sanitation. We ...