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