Education, Jobs and Investment: IPO Result

Excel Development Bank Right Share – How to Apply

Excel Development Bank Right Share has opened for the general public shareholders of Excel Development Bank Limited.  Excel Development Bank Right Share opened the 10:3 or 30% right shares from Oct. 11, 2021. Shareholders of Development Bank Limited can apply the right shares from Ashwin 25 to Kartik 14, 2078. The cost is only Rs.100. It is the value of IPO of Development Bank Limited. So, don’t miss the opportunities to apply the rights share.

NameExcel Development Bank Limited
SectorDevelopment Bank
Listed Shares11,517,923.00 units
Paid UpRs. 100.00
Total Paid Up ValueRs. 1,151,792,300.00
Rights Share10:03
Opening PeriodAshwin 25 to Kartik 14, 2078
Operation Date7/21/2005
Phone Number023-543714
AddressBirtamod ,Jhapa

After the right shares issued by the bank, the paid up capital of issues is Rs. 24,33,36,367.42. So, a total of 24,33,363.67 shares will be issued. NIBL Ace Capital is the issue manager of this right share. This rights shares was approved by the regulatory board on Shrawan 31. The company had submitted it on Jestha 27, 2078.

The shareholders who purchased the shares of bank till Ashoj 01, 2078, can apply for the right shares issue now. ICRA Nepal provided a BBB- issuer rating, denoting timely attainment of financial obligation and medium credit risk.

How to apply for Excel Development Bank’s Right Share from mero share?

Excel Development Bank Right Share
Excel Development Bank Right Share

You can apply for 30% confirm for allotted Excel Development Bank right share from meroshare cdsc com np login page;

Step 1: Open the https://meroshare.cdsc.com.np/#/login

Step 2: Go to the My Asba from Menu

Step 3. See on Apply for Issue page

Step 4. Click on apply button

Step 5. Provide the required information

Step 6. Submit the application for company right share. Note: Right Share can only apply who had already been the company share. It did not apply by other public.  

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