Jebils Finance price falls to Rs 100 while 40% right issue began from yesterday; See the list of other companies trading below Rs 150
Mon, Jun 25, 2018 11:49 AM on Dividend, Bonus & Rights, Latest, Stock Market,
Jebils Finance Limited (JEFL) is currently issuing 40% right shares for its shareholders. The finance company is issuing 23,11,650 unit right shares for Rs 100 per unit. The right issue is open from Ashadh 10, 2075 and will last till Shrawan 13, 2075.
However, the last traded price of the share of JEFL was Rs 100 as on Ashadh 11, 2075. Now the problem rises for the company because if the stock follows the bearish trend then the price of the stock will be below its par value. Then the shareholders might not claim for the right shares when they can get the shares of the company in the secondary market below par value.
The net worth of the company as per its third quarter report is Rs 108. So, the right share issue of the company is likely to go undersubscribed, but if the price of the stock does not recover in the secondary market the percentage of undersubscription can be estimated to be huge.
Along with JEFL, here are few stocks that have been trading below Rs 150 in the secondary market;
Note: Only those companies whose trading happend today has been takien into consideration in the below table. There are many more companies which transaction did not happen and have price below Rs 150 per unit.
Name of the company |
Stock Symbol |
Last Traded Price (LTP) |
---|---|---|
Barun Hydropower Company Limited |
BARUN |
147 |
Bhargav Bikas Bank Limited |
BHBL |
127 |
Central Finance Limited |
CFCL |
118 |
Chhyangdi Hydropower Company Limited |
CHL |
145 |
Corporate Development Bank Limited |
CORBL |
104 |
Dibyashwari Hydropower Company Limited |
DHPL |
110 |
Deva Bikas Bank Limited |
DBBL |
130 |
Goodwill Finance Company Limited |
GFCL |
126 |
Guheswori Finance Company Limited |
GMFIL |
130 |
Gurkhas Finance Limited |
GUFL |
109 |
Hamro Bikas Bank Limited |
HAMRO |
134 |
Hathway Finance Company Limited |
HATH |
139 |
Jyoti Bikas Bank Limited |
JBBL |
136 |
Kamana Sewa Bikas Bank Limited |
KSBBL |
150 |
Kankai Bikas Bank Limited |
KNBL |
122 |
Karnali development Bank Limited |
KRBL |
117 |
Khani Khola Hydropower Company Limited |
KKHC |
116 |
Lumbini Bikas Bank Limited |
LBBL |
145 |
Manjushree Finance Limited |
MFIL |
127 |
Nepal Community development Bank Limited |
NCDB |
113 |
Pokhara Finance Limited |
PFL |
132 |
Progressive Finance Limited |
PROFL |
150 |
Reliance Finance Limited |
RLFL |
123 |
Ridi Hydropower Development Company Limited |
RHPC |
122 |
Saptakoshi Development Bank Limited |
SKDBL |
122 |
Shangrila Development Bank Limited |
SADBL |
146 |
Sindhu Bikas Bank Limited |
SINDU |
126 |
Synergy Power Development Limited |
SPDL |
129 |
World Merchant Banking and Finance Limited |
WMBF |
110 |