Namaste Bittiya Sanstha has proposed 35 percent dividend to its shareholders.
A meeting of the finance company’s Board of Director has decided to offer 25 percent bonus share and 10 percent cash to the shareholders from the net profit it posted during the last fiscal year.
The proposal, however, needs to be approved by the Nepal Rastra Bank and the Annual General Meeting of the financial institution.
Notably, Namaste Bittiya Sanstha’s IPO had been oversubscribed nearly three times earlier this year, hinting at a strong chance of the company proposing a good number of bonus shares to its shareholders from the profit it made in the last fiscal year.
It had floated 100,000 units equity shares as the IPO on June 7.
With the IPO issuance, Namaste’s paid-up capital had increased to Rs 2.5 crore. As per the company’s audited financial report for FY 2068/69, its net worth stands at Rs 162.12 and its EPS is Rs 21.53.
Namaste Finance is established under a special provision made by Nepal Rastra Bank with its operations limited to Dang district only.
-sharesansar
A meeting of the finance company’s Board of Director has decided to offer 25 percent bonus share and 10 percent cash to the shareholders from the net profit it posted during the last fiscal year.
The proposal, however, needs to be approved by the Nepal Rastra Bank and the Annual General Meeting of the financial institution.
Notably, Namaste Bittiya Sanstha’s IPO had been oversubscribed nearly three times earlier this year, hinting at a strong chance of the company proposing a good number of bonus shares to its shareholders from the profit it made in the last fiscal year.
It had floated 100,000 units equity shares as the IPO on June 7.
With the IPO issuance, Namaste’s paid-up capital had increased to Rs 2.5 crore. As per the company’s audited financial report for FY 2068/69, its net worth stands at Rs 162.12 and its EPS is Rs 21.53.
Namaste Finance is established under a special provision made by Nepal Rastra Bank with its operations limited to Dang district only.
-sharesansar
