Last day to apply 15% right shares of NIC Asia Bank Limited; offer ends today

NIC Asia Bank Limited (NICA) has been floating 100:15 (15%) right shares to its existing shareholders since Chaitra 16, 2073 and today (Baisakh 19, 2074) is the last day to apply for the same. NIC Asia Bank has been issuing a total of 87,29,475 unit right shares at the face value of Rs 100. The book closure date for 15% right issue had been set for Chaitra 7, 2073. Only the shares registered one trading day ahead of the book closure date i.e. Chaitra 6, 2073 are eligible for the right shares. Right share eligibility can be checked in NICA’s website. Civil Capital Markets Limited is the issue manager for this right issue. Interested shareholders can collect the application forms from Civil Capital, Kamaladi, Kathmandu, and all branch offices of NIC Asia Bank. After the adjustment of the rights shares, the bank’s total paid-up capital will reach Rs 6.68 arba from the existing Rs 5.81 arba. The bank has authorized capital of Rs 8 arba. Its public-promoter share structure stands at 51:49 ratio. NIC Asia Bank has earned net profit of Rs 72.14 crore in the second quarter of the fiscal year 2073/74. The bank will need to increase its paid up capital by a further 19.6% to reach NRB’s minimum requirement of Rs 8 arba by the end of FY 2073/74.