Last day to apply 15% (9.83 lakh unit) right shares of Pokhara Finance; NIBL Capital manages the issue

Pokhara Finance Limited (PFL) is clsoing 10:1.5 (15%) right share issue to its shareholders today (Falgun 6, 2074). The rights issue was open for 35 days from Poush 30, 2074. The book closure date for the rights issue was set on Poush 13, 2074. Only those shares registered one trading day ahead of the book closure date i.e. till Poush 12, 2074 are eligible to apply for the right shares. Pokhara Finance is issuing units 9,83,682.74 unit right shares worth Rs 9.83 crore to its existing shareholders at a face value of Rs 100 per share. NIBL Capital Markets Limited has been appointed as its issue manager. Interested applicants can collect application forms from NIBL Capital Markets Limited, Lazimpath, Kathmandu and from designated branches of Pokhara Finance Limited and Nepal Investment Bank Limited. PFL had issued 9,83,682 units FPO shares worth Rs  21.64 crore at Rs 220 per unit on Shrawan 29, 2074. After the FPO, its paid up capital reached around Rs 65.57 crore from Rs 55.74 crore. Finally, after proposed 15% right share issuance, its paid up capital will reach Rs 75.40 crore. As a national level finance company, it should hike its paid up capital to a minimum of Rs 80 crore by the end of FY 2073/74. It had posted net profit of Rs 4.03 crore in the second quarter of the FY 2074/75. Its LTP stood at Rs 165 as of last trading day. Announcement: