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June 28, 2023Stock market

Why is Nepal’s Stock Market Rising Recently? A Confluence of Factors Ignites Investor Optimism

The Securities Board of Nepal (SEBON) has suspended the issuance process of Ghorahi Cement Industry Limited's (GCIL) initial public offering (IPO) citing fake subscription. SEBON said that it had received complaints from investors about fake subscription in the IPO. The board said that it had investigated the matter and found that there was indeed evidence of fake subscription. As a result, SEBON has suspended the IPO issuance process until further notice. The board said that it will take necessary action against those involved in the fake subscription. The IPO of GCIL was open for subscription from June 15 to 19. The company had offered 6,911,670 units of shares to the general public at Rs 435 per share. The IPO was oversubscribed by more than 200 times. However, SEBON's decision to suspend the issuance process has raised concerns among investors. Investors are worried that they may not be able to get the shares they applied for. They are also concerned about the possibility of losing their money. SEBON has said that it will refund the money of investors who have applied for the IPO. However, it is not clear when the refund will be made. The suspension of the IPO issuance process of GCIL is a setback for the Nepali capital market. It has also raised questions about the credibility of the IPO process in Nepal. SEBON has said that it will take necessary steps to ensure that such incidents do not happen in the future. However, it remains to be seen how effective these steps will be. In the meantime, investors are advised to be cautious before investing in any IPO. They should do their due diligence and make sure that the company is credible.

There are a number of factors that have contributed to the recent rise in Nepal’s stock market. These include: Strong economic growth: Nepal’s […]

June 26, 2023Stock market

Upper Syange Hydropower Ltd. (USHL) IPO

Upper Syange Hydropower Ltd. (USHL) is issuing an Initial Public Offering (IPO) of 2,000,000 shares. The issue opens on June 25, 2023 […]

June 26, 2023Stock market

NEPSE Surpasses 2,100 Levels With 3.03% Gain; Records Highest Turnover In Over 5 and Half Months

The Nepal Stock Exchange (NEPSE) had a strong performance on June 25, 2023, closing at 2,117.73. This represented an impressive gain of […]

June 22, 2023Stock market

After the Successful Merger, 8.02 Crore Unit Shares of Himalayan Life Insurance (HLI) Listed in NEPSE For Trading

That is right. The 8.02 crore unit shares of Himalayan Life Insurance( HLI) were listed in NEPSE for trading on June 21, […]

June 20, 2023June 23, 2023Stock market

Three Star Hydropower Limited IPO in Nepal

Three Star Hydropower Limited is a hydropower company in Nepal that has received approval from the Securities Board of Nepal (SEBON) to […]

June 20, 2023June 20, 2023Stock market

Sebon suspends Ghorahi Cement’s IPOs issuance process citing ‘fake subscription’

The Securities Board of Nepal (SEBON) has suspended the issuance process of Ghorahi Cement Industry Limited’s (GCI) initial public offering (IPO) citing […]

June 19, 2023June 19, 2023Lifestyle, Technology

WorldLink Nepal refer offer 2023

Sure, I can help you with that. Here are the details of the WorldLink Nepal refer offer 2023: Benefits: You will get […]

June 16, 2023June 16, 2023Stock market

IME Life Insurance Company Opening IPO to Nepalese Citizens Working Abroad

IME Life Insurance Company Opening 12,00,000 Units IPO Shares to Nepalese Citizens Working Abroad From Today IME Life Insurance Company Limited is […]

June 14, 2023June 14, 2023Stock market

Ghorahi Cement to Issue IPO to General Public

Ghorahi Cement Industry Limited (GCIL) is all set to issue its Initial Public Offering (IPO) to the general public. The company will […]

June 12, 2023June 12, 2023Stock market

Blue chip stocks of Nepal in June, 2023

Here are some of the blue chip stocks of Nepal in 2023 June: Nepal Telecom Limited (NTC): NTC is the largest telecommunications […]

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