Last day to apply 50%, 100% & 80% right share of Manaslu Bikas Bank, Sindhu Bikas Bank & NB Insurance respectively

Existing shareholders have one more day left to file for 2;1 (50%), 1:1 (100%), 1:0.8 (80%) ratio right shares of Manaslu Bikas Bank Limited (MSBBL), Sindhu Bikas Bank Limited (SINDU) and NB Insurance Company Limited (NBIL) respectively. The companies have been issuing right shares from Shrawan 23, 2073.And today is the closing day for the same. Manaslu Bikas Bank has been issuing 2:1 (50%) or 59, 17, 649.50 unit right shares at the face value of Rs 100. Only shareholders who have bought the shares and transferred them to their name before the book closure date on Shrawan 4, 2073 would be eligible to apply for the right shares. Prabhu Capital Limited is the issue manager for the right issue. Interested shareholders can collect the application forms from Prabh Capital Limited, Babarmahal, Kathmandu and from central and all branch offices of Gorkha Bikas Bank Limited. After the adjustment of the rights shares, the bank’s total paid-up capital will reach to Rs 27.52 crore from existing Rs 18.35 crore. The bank has authorized capital of Rs 30 crore. Its public-promoter share structure stands at 51:49 ratio. Manaslu Bikas Bank has earned net profit of Rs.  4.42 crore in the fourth quarter of the current fiscal year. ICRA Nepal has assigned an “[ICRANP] IPO Grade 4 +”, indicating below-average fundamentals to the proposed rights issue. Its last traded price stood (LTP) at Rs 467 as on September 8 , 2016. Sindhu Bikas Bank has been issuing 1:1 (100%) or 12, 09, 375 unit right shares at the face value of Rs 100. Only shareholders who have bought the shares and transferred them to their name before the book closure date on Shrawan 7, 2073 would be eligible to apply for the right shares. NIBL Capital Markets Limited is the issue manager for the right issue. Interested shareholders can collect the application forms from NIBL Capital Markets Limited, Lazimpat, Kathmandu and from central and all branch offices of Sindhu Bikas Bank Limited. After the adjustment of the rights shares, the bank’s total paid-up capital will reach to Rs 24.18 crore from existing Rs 12.09 crore. The bank has authorized capital of Rs 30 crore. Its public-promoter share structure stands at 51:49 ratio. Sindhu Bikas Bank has earned net profit of Rs 2.72 crore in the fourth quarter of the fiscal year 2072/73. ICRA Nepal has assigned an “[ICRANP] IPO Grade 4”, indicating below-average fundamentals to the proposed rights issue. Its last traded price stood (LTP) at Rs 453 as on September 8, 2016. NB Insurance Company has been issuing 10:8 (80%) or 12, 00, 000 unit right shares to its existing shareholders at the face value of Rs 100. The book closure date for 80% right issues has been set for Shrawan 6, 2073. Only the shares registered one day ahead of the book closure date i.e. Shrawan 5, 2073 will be eligible for the right shares. Global IME Capital Limited has been assigned as the issue manager for the right issue. Interested shareholders can collect the application forms from Global IME Capital Limited, Rastriya Naachghar, Jamal, Kathmandu and all branch offices of NB Insurance. After the adjustment of the rights shares, the insurance company total paid-up capital will reach to Rs 27 crore from existing Rs 15 crore. The insurance company has authorized capital of Rs 1 arba. Its public-promoter share structure stands at 80:20 ratio. NBIL had earned a net profit of Rs. 4.36 crore in the fourth quarter of the current fiscal year. ICRA Nepal has assigned an “[ICRANP] IPO Grade 4”, indicating below-average fundamentals to the proposed rights issue of the insurance company. Its last traded price stood (LTP) at Rs 104 as on September 8, 2016.