Two Companies Opening IPO Sales From Tomorrow, How Much?

Kathmandu: Muktinath Agricultural Company Limited is opening the IPO sale from Friday (November 10th) to Nepalese who are employed abroad. The company had received permission from the Securities Board to issue an IPO worth Rs.14 crore to the general public, which would be 20 percent of its issued capital of Rs. 70 crore.

10 percent of it, i.e. 140 thousand shares worth Rs. The company is about to issue an IPO at a nominal price of 100 per share.

Nepalese who are employed abroad can apply for it till 24th of November. Investors can apply for a minimum of 10 shares to a maximum of 1,000 shares.Investors can fill shares through C-ASWA approved banks and financial institutions and My Shares. Rating agency Icra Nepal has given this IPO ‘IcraNP Issuer Double B Minus Rating’. Which indicates that there is a medium level of risk in the ability of the company to bear its obligations. NIMBS Capital is the sales manager for this IPO.

Similarly, Nepal Wear Housing Company is also opening the IPO sale for Nepalese who are employed abroad from Friday 9th November 10th. The company is going to sell 137 thousand 500 shares of 105 out of the total 13 lakh 75 thousand shares allotted to the general public to those employed abroad. The company has allocated 27,500 shares for employees and 68,750 shares for mutual funds. The remaining 11 lakh 41 thousand 250 shares will be sold to the general public.

The company said that in the first phase, the IPO will be opened to the general public only after the IPO is sold to Nepalese who are employed abroad. Those who are employed abroad can apply until 24th November. At the rate of 100 rupees per share, it is possible to apply from a minimum of 10 shares to a maximum of 50,000 shares. It has Himalayan Capital as the sales manager.

Investors can apply online through Meroshare. This company has been given ‘IRN Double B Minus 9IS0’ rating by Infomerics Credit Rating Limited, which has a medium risk of ability to meet financial obligations. Nepal Warehousing Company has been meeting the grain storage requirements of farmers, traders, millers and traders dealing in grain for commercial and industrial purposes.

The company has informed that it is operating storage houses with a capacity of 55 thousand metric tons in Province No. 1, Madhesh Province and Lumbini Province. The internal rate of return of the company is 15.19 percent. Normal investment payback period is 9.29 years and discount investment payback period is 13.65 years.

Until the end of last June, this company was at a loss of Rs.8.87 per share, while in the current financial year, it is projected to earn Rs.5.52 per share. In the next financial year, the earnings per share is projected to be Rs.6.11.