Nepse Sliding down.

The blow of global financial crisis is gradually burning the capital market back home. The unprecedented or we can say unnecessary slump signifies the investor's waning confidence towards the equity market. In order to prevent their investments from piling up some additional losses, the bewilder investors are dumping their shares hence bolstering the supply pressure and turning the demand into crouch. Unpredictable and stiff government policies popping up in turn not favoring various investment sectors have eroded the investors' enthusiasm towards the lucrative sectors. The relentless downturn right from the beginning of the trading hours has shed down the benchmark by 21.78 points or 2.62% to close at 810.81. But, those with heavy cash and buys stocks while the market slides down are those who will be earning the highest later.

More IPOs on the line

Sagarmatha Merchant Banking and Finance is issuing its IPO from 6th July 2008 to 10th July 2008(22nd Asadh to 26th Asadh, 2065). Its issue manager is Nagarik Lagani Kosh.

Reliable Investment Bittiya Sasthan is issuing initial shares to public from 7th July 2008 to 11th July 2008 (Asadh 23 to Asadh 27, 2065). It has a current paid of capital of Rs 5,77,50,000 which is paid by the promoters of the intitution and is floating shares of Rs 2,47,50,000 to general public to make the total paid up of Rs 8,19,00,000. Its issue manager is NIDC Capital Market and NMB.

Similarly, Global Bank is issuing IPO from 9th July 2008 to 14th July 2008 (Asadh 25 to Asadh 30, 2065). Its paid up capital will be Rs 100 Crore. The promoters have paid 70% and 30% is to be floated for public. Its issue manager is NIDC Capital Market.
More IPOs are coming in few weeks which is making the secondary market lose few points because of people's attraction towards new issues.