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<p>Earlier, Nepal Telecom had issued equity shares at premium through auction bidding. During the auction bidding, shares of NT pegged maximum of Rs 2,500 per unit. Although investors refuse to mention the shares premium since NT sold the shares by auction bidding. However, there is a mechanism to issue primary shares at premium too. Securities Registration and Issue Regulation 2008 has clearly mentioned that securities may be issued at premium while remaining within the limit of Net Worth per Share derived from the latest audit.</p>
<p>The regulation however has not set limit on premium amount while issuing FPO. Even though companies cannot charge any rate as premium while issuing general shares. The premium that the company wished to levied should be justified and based by the financial indicators of the company. “The regulation demands basis and justification of price. We decide the appropriate rate only after studying the rate,” says Niraj Giri, Spokesperson and Executive Director of the Securities Board of Nepal (SEBON).</p>
<p>FPO price is fixed on the basis of net worth and market price of the proceeding company. Currently, the <span style="line-height:20.8px">NLIC share </span><span style="line-height:1.6">price has increased by Rs 408 to Rs 4,488 in the secondary market. Similarly, the net worth per share of the company in the third quarter of the current FY is at Rs 149. The proposed price is 20 folds more than the net worth and 65.75 percent of the market price of the company’s share. Interestingly, Shikhar Insurance and Nepal Investment Bank Limited that have issued FPO earlier in the year had also fixed their share price at 65-75 percent of their market price.</span></p>
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<p>Earlier, Nepal Telecom had issued equity shares at premium through auction bidding. During the auction bidding, shares of NT pegged maximum of Rs 2,500 per unit. Although investors refuse to mention the shares premium since NT sold the shares by auction bidding. However, there is a mechanism to issue primary shares at premium too. Securities Registration and Issue Regulation 2008 has clearly mentioned that securities may be issued at premium while remaining within the limit of Net Worth per Share derived from the latest audit.</p>
<p>The regulation however has not set limit on premium amount while issuing FPO. Even though companies cannot charge any rate as premium while issuing general shares. The premium that the company wished to levied should be justified and based by the financial indicators of the company. “The regulation demands basis and justification of price. We decide the appropriate rate only after studying the rate,” says Niraj Giri, Spokesperson and Executive Director of the Securities Board of Nepal (SEBON).</p>
<p>FPO price is fixed on the basis of net worth and market price of the proceeding company. Currently, the <span style="line-height:20.8px">NLIC share </span><span style="line-height:1.6">price has increased by Rs 408 to Rs 4,488 in the secondary market. Similarly, the net worth per share of the company in the third quarter of the current FY is at Rs 149. The proposed price is 20 folds more than the net worth and 65.75 percent of the market price of the company’s share. Interestingly, Shikhar Insurance and Nepal Investment Bank Limited that have issued FPO earlier in the year had also fixed their share price at 65-75 percent of their market price.</span></p>
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<p>The regulation however has not set limit on premium amount while issuing FPO. Even though companies cannot charge any rate as premium while issuing general shares. The premium that the company wished to levied should be justified and based by the financial indicators of the company. “The regulation demands basis and justification of price. We decide the appropriate rate only after studying the rate,” says Niraj Giri, Spokesperson and Executive Director of the Securities Board of Nepal (SEBON).</p>
<p>FPO price is fixed on the basis of net worth and market price of the proceeding company. Currently, the <span style="line-height:20.8px">NLIC share </span><span style="line-height:1.6">price has increased by Rs 408 to Rs 4,488 in the secondary market. Similarly, the net worth per share of the company in the third quarter of the current FY is at Rs 149. The proposed price is 20 folds more than the net worth and 65.75 percent of the market price of the company’s share. Interestingly, Shikhar Insurance and Nepal Investment Bank Limited that have issued FPO earlier in the year had also fixed their share price at 65-75 percent of their market price.</span></p>
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<p>Earlier, Nepal Telecom had issued equity shares at premium through auction bidding. During the auction bidding, shares of NT pegged maximum of Rs 2,500 per unit. Although investors refuse to mention the shares premium since NT sold the shares by auction bidding. However, there is a mechanism to issue primary shares at premium too. Securities Registration and Issue Regulation 2008 has clearly mentioned that securities may be issued at premium while remaining within the limit of Net Worth per Share derived from the latest audit.</p>
<p>The regulation however has not set limit on premium amount while issuing FPO. Even though companies cannot charge any rate as premium while issuing general shares. The premium that the company wished to levied should be justified and based by the financial indicators of the company. “The regulation demands basis and justification of price. We decide the appropriate rate only after studying the rate,” says Niraj Giri, Spokesperson and Executive Director of the Securities Board of Nepal (SEBON).</p>
<p>FPO price is fixed on the basis of net worth and market price of the proceeding company. Currently, the <span style="line-height:20.8px">NLIC share </span><span style="line-height:1.6">price has increased by Rs 408 to Rs 4,488 in the secondary market. Similarly, the net worth per share of the company in the third quarter of the current FY is at Rs 149. The proposed price is 20 folds more than the net worth and 65.75 percent of the market price of the company’s share. Interestingly, Shikhar Insurance and Nepal Investment Bank Limited that have issued FPO earlier in the year had also fixed their share price at 65-75 percent of their market price.</span></p>
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<p>The regulation however has not set limit on premium amount while issuing FPO. Even though companies cannot charge any rate as premium while issuing general shares. The premium that the company wished to levied should be justified and based by the financial indicators of the company. “The regulation demands basis and justification of price. We decide the appropriate rate only after studying the rate,” says Niraj Giri, Spokesperson and Executive Director of the Securities Board of Nepal (SEBON).</p>
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June 10: Nepal Life Insurance (NLIC) is planning to issue further public issue (FPO) with the highest premium till date. When a company re-issues its equity shares to general public, it is called FPO. The company is issuing 3,096,429 units of shares at the price of Rs 2,951 per unit. The premium rate of the company has been recorded highest of all time. NLIC will collect Rs 9.13 billion with the proposed FPO. Presently, the company has Rs 1.73 billion in paid-up capital.
Earlier, Nepal Telecom had issued equity shares at premium through auction bidding. During the auction bidding, shares of NT pegged maximum of Rs 2,500 per unit. Although investors refuse to mention the shares premium since NT sold the shares by auction bidding. However, there is a mechanism to issue primary shares at premium too. Securities Registration and Issue Regulation 2008 has clearly mentioned that securities may be issued at premium while remaining within the limit of Net Worth per Share derived from the latest audit.
The regulation however has not set limit on premium amount while issuing FPO. Even though companies cannot charge any rate as premium while issuing general shares. The premium that the company wished to levied should be justified and based by the financial indicators of the company. “The regulation demands basis and justification of price. We decide the appropriate rate only after studying the rate,” says Niraj Giri, Spokesperson and Executive Director of the Securities Board of Nepal (SEBON).
FPO price is fixed on the basis of net worth and market price of the proceeding company. Currently, the NLIC share price has increased by Rs 408 to Rs 4,488 in the secondary market. Similarly, the net worth per share of the company in the third quarter of the current FY is at Rs 149. The proposed price is 20 folds more than the net worth and 65.75 percent of the market price of the company’s share. Interestingly, Shikhar Insurance and Nepal Investment Bank Limited that have issued FPO earlier in the year had also fixed their share price at 65-75 percent of their market price.
SEBON, however, has stated that only after the detailed study of the proposed price, approval will be given to the proposed rate.
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<p>Earlier, Nepal Telecom had issued equity shares at premium through auction bidding. During the auction bidding, shares of NT pegged maximum of Rs 2,500 per unit. Although investors refuse to mention the shares premium since NT sold the shares by auction bidding. However, there is a mechanism to issue primary shares at premium too. Securities Registration and Issue Regulation 2008 has clearly mentioned that securities may be issued at premium while remaining within the limit of Net Worth per Share derived from the latest audit.</p>
<p>The regulation however has not set limit on premium amount while issuing FPO. Even though companies cannot charge any rate as premium while issuing general shares. The premium that the company wished to levied should be justified and based by the financial indicators of the company. “The regulation demands basis and justification of price. We decide the appropriate rate only after studying the rate,” says Niraj Giri, Spokesperson and Executive Director of the Securities Board of Nepal (SEBON).</p>
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<p>Earlier, Nepal Telecom had issued equity shares at premium through auction bidding. During the auction bidding, shares of NT pegged maximum of Rs 2,500 per unit. Although investors refuse to mention the shares premium since NT sold the shares by auction bidding. However, there is a mechanism to issue primary shares at premium too. Securities Registration and Issue Regulation 2008 has clearly mentioned that securities may be issued at premium while remaining within the limit of Net Worth per Share derived from the latest audit.</p>
<p>The regulation however has not set limit on premium amount while issuing FPO. Even though companies cannot charge any rate as premium while issuing general shares. The premium that the company wished to levied should be justified and based by the financial indicators of the company. “The regulation demands basis and justification of price. We decide the appropriate rate only after studying the rate,” says Niraj Giri, Spokesperson and Executive Director of the Securities Board of Nepal (SEBON).</p>
<p>FPO price is fixed on the basis of net worth and market price of the proceeding company. Currently, the <span style="line-height:20.8px">NLIC share </span><span style="line-height:1.6">price has increased by Rs 408 to Rs 4,488 in the secondary market. Similarly, the net worth per share of the company in the third quarter of the current FY is at Rs 149. The proposed price is 20 folds more than the net worth and 65.75 percent of the market price of the company’s share. Interestingly, Shikhar Insurance and Nepal Investment Bank Limited that have issued FPO earlier in the year had also fixed their share price at 65-75 percent of their market price.</span></p>
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<p>The regulation however has not set limit on premium amount while issuing FPO. Even though companies cannot charge any rate as premium while issuing general shares. The premium that the company wished to levied should be justified and based by the financial indicators of the company. “The regulation demands basis and justification of price. We decide the appropriate rate only after studying the rate,” says Niraj Giri, Spokesperson and Executive Director of the Securities Board of Nepal (SEBON).</p>
<p>FPO price is fixed on the basis of net worth and market price of the proceeding company. Currently, the <span style="line-height:20.8px">NLIC share </span><span style="line-height:1.6">price has increased by Rs 408 to Rs 4,488 in the secondary market. Similarly, the net worth per share of the company in the third quarter of the current FY is at Rs 149. The proposed price is 20 folds more than the net worth and 65.75 percent of the market price of the company’s share. Interestingly, Shikhar Insurance and Nepal Investment Bank Limited that have issued FPO earlier in the year had also fixed their share price at 65-75 percent of their market price.</span></p>
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<p>The regulation however has not set limit on premium amount while issuing FPO. Even though companies cannot charge any rate as premium while issuing general shares. The premium that the company wished to levied should be justified and based by the financial indicators of the company. “The regulation demands basis and justification of price. We decide the appropriate rate only after studying the rate,” says Niraj Giri, Spokesperson and Executive Director of the Securities Board of Nepal (SEBON).</p>
<p>FPO price is fixed on the basis of net worth and market price of the proceeding company. Currently, the <span style="line-height:20.8px">NLIC share </span><span style="line-height:1.6">price has increased by Rs 408 to Rs 4,488 in the secondary market. Similarly, the net worth per share of the company in the third quarter of the current FY is at Rs 149. The proposed price is 20 folds more than the net worth and 65.75 percent of the market price of the company’s share. Interestingly, Shikhar Insurance and Nepal Investment Bank Limited that have issued FPO earlier in the year had also fixed their share price at 65-75 percent of their market price.</span></p>
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'summary' => 'June 10: Nepal Life Insurance (NLIC) is planning to issue its further public issue (FPO) with the highest premium till date. When a company re-issues its equity shares to general public, it is called FPO. The company is issuing 3,096,429 units of FPO at the price of Rs 2951 per unit. The premium rate is the highest of all time. NLIC will collect Rs 9.13 billion if it issues the FPO in the said rate. Presently, the company has Rs 1.73 billion paid-up capital.',
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<p>Earlier, Nepal Telecom had issued equity shares at premium through auction bidding. During the auction bidding, shares of NT pegged maximum of Rs 2,500 per unit. Although investors refuse to mention the shares premium since NT sold the shares by auction bidding. However, there is a mechanism to issue primary shares at premium too. Securities Registration and Issue Regulation 2008 has clearly mentioned that securities may be issued at premium while remaining within the limit of Net Worth per Share derived from the latest audit.</p>
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<p>FPO price is fixed on the basis of net worth and market price of the proceeding company. Currently, the <span style="line-height:20.8px">NLIC share </span><span style="line-height:1.6">price has increased by Rs 408 to Rs 4,488 in the secondary market. Similarly, the net worth per share of the company in the third quarter of the current FY is at Rs 149. The proposed price is 20 folds more than the net worth and 65.75 percent of the market price of the company’s share. Interestingly, Shikhar Insurance and Nepal Investment Bank Limited that have issued FPO earlier in the year had also fixed their share price at 65-75 percent of their market price.</span></p>
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'content' => '<p>June 10: Nepal Life Insurance (NLIC) is planning to issue further public issue (FPO) with the highest premium till date. When a company re-issues its equity shares to general public, it is called FPO. The company is issuing 3,096,429 units of shares at the price of Rs 2,951 per unit. The premium rate of the company has been recorded highest of all time. NLIC will collect Rs 9.13 billion with the proposed FPO. Presently, the company has Rs 1.73 billion in paid-up capital.</p>
<p>Earlier, Nepal Telecom had issued equity shares at premium through auction bidding. During the auction bidding, shares of NT pegged maximum of Rs 2,500 per unit. Although investors refuse to mention the shares premium since NT sold the shares by auction bidding. However, there is a mechanism to issue primary shares at premium too. Securities Registration and Issue Regulation 2008 has clearly mentioned that securities may be issued at premium while remaining within the limit of Net Worth per Share derived from the latest audit.</p>
<p>The regulation however has not set limit on premium amount while issuing FPO. Even though companies cannot charge any rate as premium while issuing general shares. The premium that the company wished to levied should be justified and based by the financial indicators of the company. “The regulation demands basis and justification of price. We decide the appropriate rate only after studying the rate,” says Niraj Giri, Spokesperson and Executive Director of the Securities Board of Nepal (SEBON).</p>
<p>FPO price is fixed on the basis of net worth and market price of the proceeding company. Currently, the <span style="line-height:20.8px">NLIC share </span><span style="line-height:1.6">price has increased by Rs 408 to Rs 4,488 in the secondary market. Similarly, the net worth per share of the company in the third quarter of the current FY is at Rs 149. The proposed price is 20 folds more than the net worth and 65.75 percent of the market price of the company’s share. Interestingly, Shikhar Insurance and Nepal Investment Bank Limited that have issued FPO earlier in the year had also fixed their share price at 65-75 percent of their market price.</span></p>
<p>SEBON, however, has stated that only after the detailed study of the proposed price, approval will be given to the proposed rate. </p>
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