Chhimek Laghubitta to issue 50% right share from Shrawan 12; 5 days left for book closure

ShareSansar July 10:

Chhimek Laghubitta Bikas Bank Limited (CBBL) will be issuing Right Shares from 12 Sharwan, 2072. Company has offered right shares of face value Rs 100 at the ratio of 2:1 (50%) for its existing shareholders. CBBL 13th AGM held on Mangsir, 18, 2071 had endorsed 2:1 right shares.

The closing date for the right issue has been set for Bhadra 14. NMB Capital Limited is the issue manager of this issue.

The company has a paid up capital of Rs 28.36 crore and after adjusting right shares the paid up capital will rise to Rs 42.55 crore.

ICRA Nepal has assigned an “[ICRANP] IPO Grade 3+”, indicating average fundamentals to the proposed rights offeringamounting NPR 105.05million of Chhimek Laghubitta Bikas Bank Limited ICRA Nepal assigns IPO grading on a scale of IPO Grade 1 through IPO Grade 5, with Grade 1 indicating strong fundamentals and Grade 5 indicating poor fundamentals.

The book closure date for 2:1 right issue has been set for Ashad 30. Only the shares registered one day ahead of the book closure date i.e. Ashad 29 will be eligible for the right shares.

Chhimek Laghubitta had reported a net profit of Rs 19.28 crore in its third quarter company analysis of the fiscal year 2071/72.

Its last traded price stood at Rs 1801 as on July 9.