Business

Asian Hotel Limited has announced plans to issue ordinary shares (IPO) to the public. The company will float 3.5 million shares to raise a total of Rs 350 million. Muktinath Capital Limited has been appointed as the issue manager. The hotel, located in Bhairahawa, Lumbini, has been in operation for the past four years. Funds raised through the IPO will be utilized to upgrade the hotel to five-star standards and to develop additional infrastructure such as a sports complex and health and fitness facilities. Established in 2021, Asian Hotel currently operates with 66 fully equipped rooms along with a spa,…

Today (Bhadra 1) is the last day for Nepali citizens working abroad to apply for the first phase of Sagar Distillery Limited’s Initial Public Offering (IPO). The company opened the issue on Shrawan 28. The Nepal Securities Board has authorized the company to issue 1.452 million shares, equivalent to 20% of its issued capital worth Rs 726 million. Out of this, 145,200 shares, valued at Rs 14.52 million at a par value of Rs 100 per share, have been allocated exclusively to Nepalis working overseas with valid labor permits. Applicants are required to apply for a minimum of 10 shares…

Gold prices in Nepal have fallen again on Sunday. After a drop of NPR 600 per tola on Friday, the price of gold decreased by another NPR 700 per tola today. The Nepal Gold and Silver Traders’ Association reported that gold, which was traded at NPR 196,200 per tola on Friday, is now priced at NPR 195,500 per tola. Gold had reached a record high of NPR 199,400 per tola on Shrawan 23. Silver prices have also declined, with the rate dropping by NPR 5 per tola to NPR 2,310, according to the association.

Global IME Bank Limited has been honored with the “Best Bank Award” at the Euro Money Award for Excellence 2025. Established in 1992 by Euro Money magazine, this award is one of the most prestigious recognitions in the banking sector. Global IME Bank received the award in recognition of its services to customers, strong financial performance, corporate social responsibility initiatives, adoption of innovative technologies in banking, investments in environmental, social, and governance (ESG) areas, and overall high-level operational performance. Euro Money magazine is renowned for its in-depth analysis and critique of the banking industry, with a team of highly experienced…

Nepal Rastra Bank (NRB) has announced the foreign currency exchange rates for today. According to the central bank: US Dollar (USD): Buying Rs 139.79, Selling Rs 140.39 Euro (EUR): Buying Rs 163.39, Selling Rs 164.09 British Pound (GBP): Buying Rs 189.57, Selling Rs 190.38 Swiss Franc (CHF): Buying Rs 173.47, Selling Rs 174.21 Australian Dollar (AUD): Buying Rs 91.05, Selling Rs 91.44 Canadian Dollar (CAD): Buying Rs 101.37, Selling Rs 101.80 Singapore Dollar (SGD): Buying Rs 109.01, Selling Rs 109.48 Japanese Yen (JPY) – per 10: Buying Rs 9.51, Selling Rs 9.55 Chinese Yuan (CNY): Buying Rs 19.47, Selling Rs…

Fedikhola Hydropower Company Limited has decided to issue ordinary shares (IPO) worth Rs 175 million. The decision was endorsed by the company’s general assembly. The company is currently constructing the 4.3 MW Fedikhola (Thumlung) Hydropower Project at Salpasilichho Rural Municipality–6 in Bhojpur district. The project is expected to be completed by the end of Poush this year. The estimated cost of the project was Rs 940 million; however, the floods of 15th Shrawan 2081 increased expenses by an additional Rs 40 million, bringing the total cost to Rs 980 million. According to director Prakash Chandra Dulal, 49 percent of the…

Asian Thai Foods Limited, a manufacturer and exporter of noodles and snacks, is preparing to launch its Initial Public Offering (IPO). The company has appointed Himalayan Securities Bankers Limited as the IPO issue manager. The agreement was signed by the company’s chairman Shivaratna Sharda and Himalayan Securities CEO Subash Bahadur Shrestha. The signing ceremony was attended by managing director Mahesh Jaju, executive director Radheshyam Sharda, director Ashish Jaju, and deputy general manager of Himalayan Securities Shankar Rajwahak. With state-of-the-art production units in Biratnagar and Tulsipur, the company exports its products under popular brands such as Rampam, TUPM, and Preeti to…

Prime Minister KP Sharma Oli is set to inaugurate the 17th edition of the NADA Auto Show at Bhrikutimandap, Kathmandu, on Bhadra 3. A delegation led by Karan Chaudhary, President of the Nepal Automobile Association (NADA), formally requested PM Oli on Monday to serve as the chief guest for the event. Organized to mark NADA’s 50th anniversary, the auto show will run from Bhadra 3 to 8. According to Chaudhary, this year’s exhibition will feature over 125 exhibitors and more than 30 vehicle brands. Highlights include electric, hybrid, and smart mobility solutions, a vintage motor show, advanced robots on display…

On the last trading day of the week, Friday, gold prices in Nepal have slightly decreased. According to the Nepal Gold and Silver Traders Association, the price of standard gold has fallen by NPR 600 per tola. Today, standard gold is being traded at NPR 196,200 per tola in the Nepali market. Meanwhile, silver prices have also decreased by NPR 25 per tola, trading at NPR 2,315 per tola, the association reported.

Swastik Laghubitta Bittiya Sanstha Limited has opened its Initial Public Offering (IPO) to the public starting Friday. The company is issuing shares worth NPR 23.1 million, equivalent to 40% of its issued capital. At a par value of NPR 100 per share, a total of 231,000 shares are being offered. Of the total issuance, 0.50% (1,155 shares) have been allocated for employees, 5% (11,550 shares) for mutual funds, and 10% (23,100 shares) for Nepali citizens working abroad with labor permits. The remaining 195,195 ordinary shares have been opened to the general public from Friday. The company’s issued capital stands at…