Narayani Development Bank Opens 100% Rights Issue for Applications from Today

Narayani Development Bank Limited (NABBC) has opened applications for its 100% rights issue from today, September 18, 2025 (Ashoj 2). The bank is issuing rights shares at the ratio of 1:1, meaning shareholders will be eligible to apply for one new share for every existing share they hold. In total, the bank is issuing 2,624,676 rights shares worth NPR 262.46 million at a par value of NPR 100 per share. The book closure for the rights issue was set on August 25, 2025 (Bhadra 9), which means only those shareholders recorded until August 24 were eligible. Applications can be submitted until October 8, 2025 (Ashoj 22).

ICRA Nepal has assigned the rights issue a rating of “ICRA NP Issuer Rating C+,” indicating a high risk regarding the bank’s ability to meet its financial obligations on time. Global IME Capital Limited has been appointed as the issue manager. Investors can apply through Global IME Capital, designated branches of Global IME Bank, Narayani Development Bank’s offices, or through ASBA-participating banks and financial institutions. Online applications are also available via the “Mero Share” platform.

Currently, the bank’s paid-up capital stands at NPR 262.46 million. After the allotment of rights shares, this will double to NPR 524.93 million. The raised capital will be utilized for investments in securities, government bonds, and mutual funds, as well as for branch expansion and infrastructure development.