The bank is issuing 6,129,520 units of right shares worth Rs 612.9 million to its existing shareholders.
The company has appointed Vibor Capital as its issue manager. The interested investors can apply for the right shares from all ASBA approved BFIs and meroshare.
Presently, the bank has paid-up capital of Rs 3.06 billion that will reach Rs 3.67 billion after the right issue.
The company closed its book on August 16, thus, the shareholders registered in its book till August 15 are eligible to apply for the right shares.
ICRA Nepal has assigned Grade 3 rating to the issue indicating average fundamentals.
Muktinath Bikas Bank earned net profit by Rs 200 million in the fourth quarter of the last FY. The bank logged non-performing loans of 0.07 percent, EPS of Rs 27, net worth per share of Rs 146 and P/E ratio of 13 times.
