Dividend News
Recent dividend, bonus-share, and right-share announcements from the Nepal market.
Balephi Hydropower Limited will begin trading its 1,82,79,700 unit IPO shares on NEPSE tomorrow (Jestha 10) after the issue closed on 21st Chaitra 2078 and allotment concluded on 2078/12/29. The IPO, oversubscribed 14.64 times, resulted in 1,66,345 applicants receiving 10 units each via lottery, 3 lucky applicants receiving an extra unit, and 73,119 units allocated to staff and 91,398 to mutual funds.
General Insurance Company Nepal Limited’s board has approved a 30% right issue pending Insurance Board approval, with a goal to meet the 2.5 Arba capital minimum by Chaitra 2079.
Refunds for non-allotted right shares of API Power Company will commence on 9th Jestha 2079. The 4,52,185 unclaimed shares will be auctioned at 10% below the last trading price of Rs 299, potentially generating a Rs 7.64 crore premium.
Book closure for the 20% dividend for FY 2077/78 is on 20 Jestha, after which shareholders can attend the 28 Jestha AGM to endorse the dividend.
The 1:0.70 rights issue for Nfs opens today (Jestha 06, 2079) and will close on 26th Jestha, 2079, with eligible shareholders receiving 34,54,474.275 right shares. Prabhu Capital is the appointed issue manager.
The auction of 77,720.88 unclaimed right shares of Shikhar Insurance Company Limited ended on 26th Baisakh 2079, with a preliminary cut‑off price of Rs. 936 per share and a secondary market closing price of Rs. 1,076.
The 1:1.5 rights offering for 30,00,000 shares of Corporate Development Bank Limited (CORBL) closed on Poush 26, raising Rs. 30,00,00,000 and increasing paid‑up capital to Rs. 50,00,00,000. The shares are now listed on NEPSE with a last traded price of Rs. 466.50.
Bids for the 77,720.88 auctioned right shares of Shikhar Insurance Company Limited (SICL) will open tomorrow at 10 a.m. at NIBL Ace Capital Lazimpat, Kathmandu. The last traded price of SICL stands at Rs 1,081.
Refunds to non‑allottees begin on 5th Jestha 2079. IGI has allotted 88,934 ordinary right shares and 2,261 promoter right shares from the auction of its unclaimed rights.
Radhi Bidyut Company Limited’s right share proposal (1:1.475 ratio) is in SEBON’s pipeline after the application submitted on Baisakh 28, 2079; the company aims to raise Rs 95.35 crores by issuing 9,535,760.99 shares, with Muktinath Capital Limited as issue manager.
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