Last day to apply for 25% & 60% right shares of Purnima Bikas Bank & Goodwill Finance respectively

Purnima Bikas Bank Limited (PURBL) is closing 4:1 (25%) right shares to its existing shareholders from today (Shrawan 22, 2074). The right issue was open for 35 days from Ashad 19, 2074. The bank is issuing a total of 8,80,932.82 unit right shares worth Rs 8.80 crore at the face value of Rs 100. The book closure date for 25% right issue was set for Jestha 15, 2074 for one day. Only the shares registered one day ahead of the book closure date i.e. Jestha 14, 2074 are eligible for applying for the right shares. Siddhartha Capital Limited has been assigned as the issue manager for the right issue. Interested shareholders can collect the application forms from Siddhartha Capital, Naxal, Kathmandu as well as from designated branch offices of Siddhartha Bank and Purnima Bikas Bank. After the adjustment of the rights shares, the bank’s total paid-up capital will reach Rs 44.04 crore from existing Rs 35.23 crore. The company has authorized capital of Rs 50 crore. Its public-promoter share structure stands at 51:49 ratio. Purnima Bikas Bank has earned net profit of Rs 10.01 crore in the fourth quarter of the FY 2073/74. Likewise, Goodwill Finance Limited (GFCL) is also closing application for right shares in the ratio of 10:6 to its shareholders from today (Shrawan 22, 2074). The rights issue was open for 35 days from Ashad 18, 2074. The register of their shareholders has been closed on Ashad 2, 2074. Only those shareholders having shares one day ahead of the book closure date i.e. Ashad 1, 2074 are eligible to apply for the right shares. NIBL Capital Markets Limited is the issue manager for this right issue. GFCL’s paid up capital currently remains at Rs 45.37 crore and after issuance of this right share, its paid up capital will reach Rs 72.60 crore. Its authorized capital is Rs 1 arba. Goodwill Finance Limited has earned net profit of Rs 9.60 crore till the end of fourth quarter of the FY 2073/74. After this rights issue, GFCL will have to issue a further capital hike of Rs 7.40 crore (around 10.20%) to meet up with minimum paid up capital requirement of Rs 80 crore by the end of FY 2073/74.