Bonus Shares of SHIKHAR INSURANCE is listed on NEPSE F/Y 2076/77

Bonus Shares of SHIKHAR INSURANCE is listed on NEPSE F/Y 2076/77

Shikhar Insurance Company Limited (SICL) has listed 27.769% bonus shares that consist of 38,40,202 shares for the fiscal year 2076/77. The 15th and 16th AGM of the company held on Chaitra 09, i.e. March 22, declared the bonus shares and cash dividend that has been listed on Nepal Stock Exchange yesterday. The AGM 15th and 16th had declared 27.769% bonus share and 1.462 % cash dividend.


Shikhar Insurance Company Ltd is the 15th Non-Life Insurance Company in the industry which started the operation on Mangsir 2, 2061. It was incorporated as a Public Limited Company on Jestha 25, 2061. With 100+ branches present all over Nepal and 600+ employee strength, Shikhar Insurance stands tall with the highest market share of 13%. Now, Total Outstanding shares and paid-up capital have been reached 1, 75, 61,898 units and Rs.1, 17, 61, 89,900 respectively. As per latest transaction price Rs.2119.0, the total market capitalization Rs.37, 21, 36, 61,862.


The company has earned Rs.36 crore 33 lakhs 20 thousand on the third quarter of the current fiscal year. As per the third-quarter report of the fiscal year, 2077/2078 Earning Per Share (EPS) Rs.27.93 and net worth per share is Rs.216.39.
The 15th and 16th AGM of the company held on Chaitra 09 also approved 30% right share.

Shikhar Insurance Company is issuing a total of 3,171,932 units’ right shares for its existing shareholders at a par of Rs 100 per share from 2077-Asadh-14 to 2077-Shrawan-4. The book closure date for the right issue was 2076-Falgun-13. Therefore, shareholders maintained on 2076-Falgun-12 are eligible to apply for the right shares.

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