Last day to secure 15% right share of NIC Asia Bank; LTP at Rs 440

Today is the last day to clinch 15% right shares of NIC Asia Bank Limited (NICA). The register of their shareholders will close tomorrow (Chaitra 7, 2073). NICA will be issuing a total of 87,29,475 unit right shares in the ratio 100:15 at a face value of Rs 100 from Chaitra 16, 2073 to Baisakh 19, 2074. Civil Capital Markets Limited has been assigned as the issue manager. NIC Asia Bank has earned net profit of Rs 72.14 crore in the second quarter of the fiscal year 2073/74. After the issuance of right shares, its paid up capital will reach Rs 6.69 arba. 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. Its last traded price stood at Rs 440 as of March 16, 2017.