Today Is the Last Day to Apply for Narayani Development Bank’s Rights Shares
26th October 2025, Kathmandu
Today, Kartik 9 (October 26, 2025), marks the absolute final deadline for eligible shareholders of Narayani Development Bank Limited (NDBL) to subscribe to the bank’s highly anticipated 1:1 ratio rights share offering.
NDBL’s Rights Shares
This crucial closing date concludes a subscription period that began on Asoj 2, giving investors one last chance to increase their equity stake at the par value of Rs. 100 per share.
Rights Issue Overview: Doubling the Paid-Up Capital
The current rights offering is a significant move for Narayani Development Bank, primarily aimed at strengthening its capital base to meet regulatory requirements and support its planned business expansion.
Key Issue Details
Ratio: 1:1 (100%)
Total Units Issued: 2,624,676 units
Face Value: Rs. 100 per share
Total Issue Amount: Rs. 262.46 million
The 1:1 ratio means that for every one existing share held, an eligible shareholder is entitled to apply for one new rights share. This capital injection is set to have a substantial impact on the bank’s financial structure.
Capital Structure Post-Issue
The full subscription and allotment of the rights shares will effectively double the bank’s paid-up capital:
Capital Detail
Amount Before Rights Issue: Rs. 262.46 million
Amount After Rights Issue (Projected): Rs. 524.93 million
This increase is vital for the bank, particularly as it has faced financial challenges in recent years, with the capital raise being a necessary step to meet the minimum capital adequacy and other standards set by the central bank, Nepal Rastra Bank (NRB). The bank intends to utilize the proceeds to increase investments in secure assets like government bonds and mutual funds, as well as finance infrastructure development and branch expansion initiatives.
Eligibility and Application Process
Don’t Miss the WindowThe most important factor in this rights issue is the eligibility criterion determined by the book closure date.
Determining Eligibility
The bank had set the book closure for the rights issue on Bhadra 9. Consequently, only shareholders whose names were recorded in the company’s books by the end of the trading day on Bhadra 8 are eligible to apply for the rights shares. Investors who purchased shares on or after Bhadra 9 are not entitled to this offering.
How to Apply Today
The application process is simple and accessible to all eligible shareholders across the country. Applications must be submitted by the end of banking hours today, Kartik 9.
Mero Share Online Platform: The most convenient method is via the Mero Share portal, which allows investors to apply from anywhere using the C-ASBA system, provided they have linked their Bank and Broker accounts.
Physical Collection Centers: Eligible shareholders can also submit their applications physically at the following designated centers:
Issue and Sales Manager: Global IME Capital Limited
ASBA Member Banks: Any branch of the banks and financial institutions participating in the C-ASBA service.
Narayani Development Bank Offices: The bank’s various offices in locations such as Yagyapuri, Tandi, Parsa, and Narayangadh.
Global IME Bank Branch: The Bhumi Branch (Nawalparasi) of Global IME Bank.
Investor Note: Risk and Capital Restructuring
While rights issues offer existing shareholders an opportunity to purchase shares at par value (Rs. 100), it’s important to acknowledge the risk profile of the issuing company. Narayani Development Bank’s rights issue, coming after a period of reported losses, is a strategic move to stabilize its financial position.
Investors should consider the following:
Financial Health: The rights issue is primarily a recapitalization effort.
Credit Rating: The rights issue has been assigned a credit rating that indicates a very high risk regarding the bank’s capacity to meet its financial obligations on time.
Long-Term View: Participation implies a long-term commitment to the bank’s restructuring and future growth potential, as the funds raised are intended for strategic investments and expansion.
Today is the final day to participate in this critical capital-raising event for Narayani Development Bank. Eligible investors must act before the end of the day to exercise their rights and contribute to the bank’s planned capitalization.
For More: NDBL’s Rights Shares
