Last day to secure 100% right share of Laxmi Laghubiita

Today is the last day to get hold of 1:1 (100%) right share of Laxmi Laghubitta Bittiya Sanstha Limited (LLBS) to its existing shareholders. The book closure date for 100% right issue has been set for Bhadra 26, 2073. Only the shares registered one day ahead of the book closure date i.e. today (Bhadra 23) will be eligible for the right shares. NMB Capital Limited is the issue manager for right share issue. LLBS had earned net profit of Rs. 6.24 crore in the fourth quarter of the last fiscal year. The paid up capital of the microfinance company stands at Rs 11 crore. After the issuance of 100 percent, the paid up capital will reach to Rs 22 crore. ICRA Nepal has assigned an “[ICRANP] IPO Grade 4”, indicating below-average fundamentals to the proposed right issue. Its last traded price stood at Rs 3200 as on September 7, 2016.