Last day to apply 25% right share of NIC Asia Bank; LTP stood Rs 810

Existing shareholders have one more day to file for the 4:1 (25%) ratio right shares of NIC Asia Bank (NICA). The commercial bank has been issuing right shares from Jestha 13, 2073 and today is the closing day for the same. NIC Asia Bank is issuing a total of 92, 37,540 unit right share at the face value of Rs 100. Only shareholders who have bought the shares and transferred in their name before the book closure date on Baisakh 31, 2073 would be eligible to apply for the right shares. Civil Capital Markets limited has been assigned as the issue manager for the right issue. Interested shareholders can collect the application forms from the any branch of NIC Asia Bank, as well as from Civil Capital Markets Limited located at Kamaladi, Kathmandu. After the adjustment of the rights shares, the bank’s total paid-up capital will reach to Rs 4.61 arba from the existing Rs 3.69 crore. The bank has authorized capital of Rs 5 arba. Its promoter- public ratio stands at 51: 49. ICRA Nepal has assigned an “[ICRANP] IPO Grade 3”, indicating average fundamentals to the proposed rights issue. Its last traded price stood at Rs 810 as on June 28, 2016.