NMB Laghubitta allots 150% right issue; 1.08 lakh units ordinary shares to be auctioned soon

NMB Laghubitta Bittiya Sanstha Limited (NMBMF) had issued 24,30,093.75 units right shares (1:1.5 ratio) to its shareholders from Kartik 24, 2076.

Sunrise Capital has been appointed as the issue manager of the right issuance.

The issue has been fully subscribed from the promoters shareholders. However, in case of ordinary shares 1 lakh 8 thousands 733 units have gone unsubscribed and therefore will be auctioned.

The company had issued 150% right shares to its shareholders at a par value of Rs 100 per unit. The right issue will raise the capital of Rs.24.30 Crore and increase the paid-up capital from Rs.16.20 Crore to Rs.40.50 Crore.

NMBMF has declared 12% bonus share from the profit of FY 2075/76.