Welcome to NIC ASIA CAPITAL LTD. - Your Friend For Prosperity



Date: 19 September 2018
Traded Companies No. of Transactions Max price Closing Price Trades shares Amount
Agriculture Development Bank Limited 67 450.00 441.00 9273.00 4113210.00
Alpine Development Bank Limited 1 249.00 249.00 44.00 10956.00
Api Power Company Ltd. 45 455.00 412.00 4129.00 1786663.00
Arun Finance Limited 1 154.00 154.00 40.00 6160.00
Arun Valley Hydropower Development Co. Ltd. 30 226.00 222.00 6406.00 1423555.00
Asian Life Insurance Co. Limited 130 1313.00 1300.00 17526.00 22660543.00
Bank of Kathmandu Lumbini Ltd. 71 418.00 409.00 13746.00 5679666.00
Barun Hydropower Co. Ltd. 10 223.00 220.00 350.00 77510.00
Bhargav Bikash Bank Ltd. 11 230.00 224.00 1302.00 292168.00
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About Us


NIC ASIA Capital is run by professionals having sound experience and exposure in Merchant Banking in Nepal as well as in international markets. The “Management Committee” of NIC ASIA Capital comprises of the following senior staff members:

Mr. Jhanak Raj Dhungel

Chief Executive Officer

Mr. Jhanak Raj Dhungel has extensive experience of more than 20 years in financial sector, including 7 years experience of leading Arniko Development Bank and Progressive Finance Ltd. in the role of Chief Executive Officer (CEO) and General Manager respectively. He has served in various Banking and Financial Institutions (BFIs) in several capacities in operations, credit, administration and other departments. Along with heading BFIs, he also has 3 years of experience of serving in the capital market.

Mr. Dhungel holds a Masters in Business Administration from TU. He has also attended various internationally recognized training programs, workshops and seminars covering different sectors.


Mr. Manish Ghimire

Chief Investment Officer

Mr. Manish Ghimire is ACCA and holds EMBA degree, has more than 8 years of experience in investment, accounts & operation and audit in Nepal, with more than 4 years of experience in Capital Market of Nepal. Prior to joining NIC Asia Capital, he had worked with Siddhartha Capital for 2.5 years and Nabil Investment for 1.5 Years. He is currently Leading the investment Department of NIC Asia Capital Limited as a Chief Investment Officer.


Mr. Ram Prasad Bhattarai

Head, Merchant Banking

Mr. Bhattarai is acclaimed as someone who holds vast expertise and knowledge in the field of Merchant Banking. He holds prolific credentials in this field with experience of over 7 years spanning over different domain of work including core Merchant Banking, Finance and Administration and Human Resources Management. He holds a Master degree in Business Administration. Prior to joining NIC ASIA Capital, he had worked with Global IME Capital (former Elite Capital for 7 years). He is leading the Merchant Banking Department of NIC ASIA Capital Ltd.


Mr. Niroj Rajbhandari

Head, Business Administration and Finance

Mr. Rajbhandari has multi-sector experience for more than 9 years in Accounts & Finance, Business Management and Administration in different sectors. He holds acumen of being an efficient administrator. Prior to joining NIC ASIA Capital, he had provided his services to large scale construction company in hydroelectric projects and other different companies. He holds an MBA from India and an MBS from Nepal.


Mr. Shulav Shrestha, FCCA

Head, Portfolio Management

Mr. Shrestha is a Fellow Chartered Certified Accountant with over 5 years of post-membership professional experience in Accounts, Financial Management, Audit, Organizational management in big corporate houses here in Nepal. He is currently pursuing his CFA (USA) studies as well and has completed Level I exams.  He is currently leading Portfolio Management Department in NIC ASIA Capital Ltd.