Last day to secure gigantic 250% right shares of Naya Nepal Laghubitta ; LTP Rs 1888

Today is the last day to secure 250% right shares of Naya Nepal Laghubitta. 

The company had declared to close the shareholder's register on 7th Shrawan, 2075 for the purpose of right shares. Thus, shareholders buying the shares by today will be eligible for the hefty right issue of 6 lakh units. 

Naya Nepal Laghubitta will be issuing 6 lakh unit shares at the face value of Rs 100 to the eligible shareholders. NMB Capital has already been appointed as the issue manager for the purpose of right issue. ICRA Nepal Limited had assigned a [ICRANP] IPO Grade 5 (Pronounced as ICRA NP IPO Grade Five) rating for the Rights Issue indicating the poor fundamentals.

Naya Nepal Laghubitta currently has a paid up capital of merely Rs 2.4 crores. The Capital will hike to Rs 8.40 crores after the right issue. The microfinance company had an EPS of Rs 1.31, as of 3rd quarter of this fy. Whereas the P/E ratio of the company stands at 1441 times