The bank issues 100% rights shares; investors given additional time to apply.
Narayani Development Bank Limited has extended the application deadline for its rights issue, originally issued from 2 Ashoj 2082, until 9 Kartik 2082. The bank has issued 100% rights shares on a 1:1 ratio, offering 26,24,676 shares at a face value of Rs. 100 per share, equivalent to Rs. 26.24 crore.
The book closure date was 9 Bhadra 2082, making shareholders holding shares until 8 Bhadra eligible to apply. The IPO has been assigned an ICRA Nepal rating of C Plus, indicating a high risk in the bank’s ability to meet financial obligations.
The issue and sales manager for this rights offering is Global IME Capital Limited. Investors can submit applications through the sales manager, any branch of Global IME Bank, Narayani Development Bank branches, ASBA participating banks, or online via the ‘Mero Share’ platform.
This article was originally published on https://bajarkochirfar.com. Translated with the help of AI and reviewed by our editorial team.
