Last day to apply 40% right shares of Guheswori Merchant Banking & Finance; NIBL Capital manages the issue

Guheswori Merchant Banking and Finance Limited (GMFIL) is closing 10:4 (40%) right shares to its existing shareholders today (Mangsir 18, 2074). The right share was open from Kartik 12, 2074. It is issuing a total 19,73,928.77 unit right shares at the face value of Rs 100. The book closure date for 40% right issue was set for Ashwin 27, 2074. Only the shares registered one day ahead of the book closure date i.e. Ashwin 26, 2074 are eligible for the right shares. NIBL Capital Markets Limited has been assigned as the issue manager for right share issue. Interested shareholders can collect the application forms from NIBL Capital Markets Limited, Lazimpat, Kathmandu and from central and all branch offices of Guheswori Merchant Banking & Finance Limited. After issuance of 40 percent right share, the paid up capital will reach to Rs 69.08 crore from existing Rs 49.34 crore. The bank has authorized capital of Rs 80 crore. Its public-promoter share structure stands at 51:49 ratios. To meet the capital requirement as directed by Nepal Rastra Bank, it should further hike its capital by Rs 11 crore (around 15.80)%. GMFIL has earned net profit of Rs 1.59 crore in the first quarter of the FY 2074/75.