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Union Life Insurance IPO Issue Date fixed

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  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...

SEBON's permission to issue IPO to Union Life Insurance Limited

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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 Method CONFIRMED!

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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 ...

IPO Alert::IPO Issue of Manakamana Smart Laghubitta Bittiya Sanstha Limited (MSLBSL)

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Manakamana Smart Laghubitta Bittiya Sanstha Limited (MSLBSL) Name: Manakamana Smart Laghubitta Bittiya Sanstha Limited (MSLBSL) Established: 2074/06/25 B.S Operation Date: 2074/11/06 Paid up Capital: NPR 8.22 Crores Paid up Capital after IPO: NPR 12.11 Crores IPO Issue Period: 2078 Ashad 17 to 2078 Ashad 21 Total Issued IPO Shares: 3,89,000 Units About Manakamana Smart Laghubitta Bittiya Sanstha Manakamana Smart Laghubitta Bittiya Sanstha Limited (MSLBSL), with Its central Office at Siddharthanagar Municipality ward No. 5, Maitripath Bhairahawa , Rupandehi, is a public limited company. It is duely registered under Company Act 2063 at the Office of Company Registrar, kathmandu on 2074/06/25 B.S and licensed by Nepal Rastra Bank on 2074/10/02 B.S. to operate financial servies as "D" class Micro Finance Institution. MSLBSL has started its financial operation from 2074/11/06., beginning from Bhairahawa Branch Rupandehi. From 2076/04/11,former Smart Laghubitta Bittiya Sanst...

IPO Issue of Manakamana Smart Laghubitta Bittiya Sanstha Limited (MSLBSL) | IPO Alert

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IPO Issue of Manakamana Smart Laghubitta Bittiya Sanstha Limited (MSLBSL) About Company Manakamana Smart Laghubitta Bittiya Sanstha Limited (MSLBSL) , with Its central Office at Siddharthanagar Municipality ward No. 5, Maitripath Bhairahawa , Rupandehi, is a public limited company. It is duely registered under Company Act 2063 at the Office of Company Registrar, kathmandu on 2074/06/25 B.S and licensed by Nepal Rastra Bank on 2074/10/02 B.S. to operate financial servies as "D" class Micro Finance Institution. MSLBSL has started its financial operation from 2074/11/06., beginning from Bhairahawa Branch Rupandehi. From 2076/04/11,former Smart Laghubitta Bittiya Sanstha Ltd,with its head office at Ghorahi Dang, has been merged and thus,it was named Manakamana Smart Laghubitta Bittiya Sanstha Limited(MSLBSL) IPO Issue of Manakamana Smart Laghubitta Bittiya Sanstha Limited (MSLBSL) Manakamana Smart Laghubitta Bittiya Sanstha Limited will be issuing 3,89,000 units worth Rs 3.89 cr...

NRIC has declared 20% Bonus for the fiscal year 2076/77

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 The NRIC (Nepal Reinsurance Company Limited), which has 44 percent shares of the government of Nepal, 16 percent of the general public and the rest of the insurance companies has declared a DIVIDENT. The meeting of the board of directors held on Ashad 07 has decided to distribute a 16.5% bonus shares and 3.5% cash dividend for the fiscal year 2076/77. This dividend is distributed from the distributable profits and the share premium. IPO Issue Date of Jeevan Bikash Laghubitta The company's proposal will be distributed to investors after the approval of the Insurance Committee and the Government of Nepal and the approval of the next general meeting of the company. This is the first time the company has declared a dividend. IPO of Sanima Life Insurance NRIC 20% DIVIDENT Proposal 

IPO Issue Date of Jeevan Bikash Laghubitta has been fixed, When is the date?

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Jeevan Bikash Laghubitta Bittiya Sanstha Ltd was submitted an application to the SEBON (Security Board Of Nepal) to issue IPO (Initial Public Offering) on the date of 2077 Falgun 17 that has got approval on the date of 2078 Jestha 30. The company is going to issue 19,77,300 units IPO share to Public worth Nrs. 197,730,000. Jeevan Bikash Laghubitta Initial Public Offering to the general public from (Ashad 11, 2078 to Ashad 15, 2078). The early closing date of this issue is on Ashad 15 and if the issue is not fully subscribed till Ashad 15, then it can be extended up to Ashad 25, 2078. LOGIN FOR APPLY IPO ONLINE CHECK IPO RESULT IPO Issue Details No. of share Amount of Issue Issue Manager Date of application to the SEBON Date of Approval For IPO Issue 19,77,300 19,77,30,000 NMB Capital Ltd. 2077/11/17 2078/02/30 The Securities Board Of Nepal (SEBON) has given permission to Jeevan Bikas Laghubitta Bittiya Sanstha ltd to issue primary shares (IPO) to the public. Microfinance has been give...