Last day to secure 30% right share of Gandaki Bikas Bank; Book Closure tomorrow

Today is the last day for the investors to get hold of 10:3 (30%) right shares of Gandaki Bikas Bank Limited (GDBL). Gandaki Bikas Bank 4^th SGM held on Shrawan 16, 2072 had endorsed 30% right shares to their shareholders. The book closure date for 30% right issue has been set for Poush 30. Only the shares registered one day ahead of the book closure date i.e. today (Poush 29) is eligible for the right shares. GDBL is proposing to come out with 30% rights issue of 1,056,000 numbers of equity shares of face value NPR 100/-each to be issued to the existing shareholders at par. GDBL has earned a net profit of Rs 20.14 crore in the first quarter of the ongoing fiscal year. Its last traded price stood at Rs 354 as on January 12. ICRA Nepal has assigned an “[ICRANP] IPO Grade 4+”, indicating below-average fundamentals.