Nadep in Rush to Issue Right Shares Immediately After IPO Allotment

Jul 26, 2018 Merolagani

Nadep Laghubitta (NADEP), that allotted IPO to general investors a few weeks back only, has called out its 3rd AGM with a right issue proposal.

The company has proposed issuing 100 percent right shares of the paid-up capital maintained after the IPO. The shares issued in IPO have not been listed in NEPSE yet.

After the IPO issuance, the paid-up capital of the company has reached Rs 160 million. The company called out its 3rd AGM on August 17.

In the special proposal of the AGM, the company has proposed of issuing 1:1 right shares worth Rs 160 million. Similarly, it is supposed to endorse a proposal of increasing authorized capital to Rs 640 million and issued and paid-up capital to Rs 320 million.

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Nepal reports 1,172 new COVID-19 Cases; 637 in Valley

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