Top 8 Right Share Providing Stocks in Nepal | 2022

Right Share is the units of share offered by the company to their existing shareholders at a cheap rate. As the word “Right Share” itself holds the meaning in it. Right share is generally announced when the company wants to increase its capital for various reasons in which existing shareholders are offered to buy the shares known as right shares. In today’s article, we will see the top 8 Right Share providing stocks in Nepal in the fiscal year 2078/79.

1. Hydroelectricity Investment and Development Company Limited (HIDCL)
2. Gurans Life Insurance Company Limited (GLICL) 
3. Narayani Development Bank Limited (NABBC) 
4. Civil Laghubitta Bittiya Sanstha Limited (CLBSL)
5. Citizen Investment Trust (CIT) 
6. Prudential Insurance Company Limited (PICL)
7. Arun Valley Hydropower Development Company Limited (AHPC)
8. Excel Development Bank Limited (EDBL)

Let’s see them in detail:

1. Hydroelectricity Investment and Development Company Limited (HIDCL)

Hydroelectricity Investment and Development Company Limited (HIDCL) is in the first place by providing 100% Right Share. It is also the highest right share-providing company in the Investment Sector. It has issued 11,00,00,000 units of right share in a 1:1 ratio. Out of which 2,32,04,495 units were unclaimed so they were auctioned, which was held from 2022/09/05 to 2022/09/20. 

As HIDCL, GLICL, NABBC, and CLBSL all of them provided the right share in a 1:1 ratio so they are ranked on basis of the units share provided which means the company providing the highest units of right share is ranked above.

Hydroelectricity Investment Company (HIDCL) Right Share History

This is the first time when HIDCL has issued the right share.

Hydroelectricity Investment Company (HIDCL) Share Price History

Hydroelectricity Investment Company's (HIDCL) share price reaches its all-time high i.e NRs. 606 on 30 May 2021 and an all-time low i.e NRs. 115.5 on 29 Jun 2020. HIDCL’s 52-week high and low price is NRs .357 and NRs. 162 respectively.

2. Gurans Life Insurance Company Limited (GLICL) 

Gurans Life Insurance Company Limited (GLICL) is the second highest right share providing stock for the Fiscal year 2078/79. GLICL is also the highest and only one right share providing stock in this list from Life Insurance Sector.

Gurans Life Insurance (GLICL) Right Share History

Gurans Life Insurance (GLICL) issued IPO for the general public in 2010 and in the same year, it was listed in NEPSE. On 2013/10/31 for the first time, GLICL issued 11,66,000 units of right share which is distributed in a 10:3 ratio. Further, it provided a 50% right share in the Fiscal year 2077/78, and in the Fiscal year 2078/79 it provided 9,385,200 units of right share in a 1:1 ratio.

But 3,37,565 units of the right shares remained unsold so they were auctioned. The result of the auction was declared on 2022/09/29 where people applying above NRs. 604 (per unit) were awarded the share.

Gurans Life Insurance (GLICL) Share Price History

Gurans Life Insurance share valuation reached its all-time high in 2017 Apr 12 when the price per unit share was NRs. 1400 whereas its valuation reached an all-time low in 2012 Apr 04 when the price per unit share was NRs. 84.4 only. 52-week high and the low price of GLICL is NRs. 901 and NRs. 458 respectively.

3. Narayani Development Bank Limited (NABBC)

Narayani Development Bank (NABBC) is in the third position among the top 8 right share-providing stocks. NABBC is also the highest-right share providing stock in Development Bank Sector.

Narayani Development Bank (NABBC) Right Share History

Narayani Development Bank (NABBC) provided the right share for the first time in 2021 where it provided 13,12,338 units of share in a 1:1 ratio. Recently it provided 6,56,169 units of right share in a 10:10 ratio i.e (100%). This is also the second time, the right share provided by NABBC.

Narayani Development Bank (NABBC) Share Price History

NABBC share price reaches its all-time high which is NRs. 1450.8 on 31 Aug 2021 and an all-time low which is NRs. 317 on 24 Jun 2022. It’s 52 weeks high and the low price is NRs. 949 and NRs. 323 respectively.

4. Civil Laghubitta Bittiya Sanstha Limited (CLBSL)

Civil Laghubitta Bittiya Sanstha (CLBSL) becomes the fourth highest right share providing stock in the Fiscal year 2078/79. CLBSL provided 100% right share. Civil Laghubitta Bittiya Sanstha (CLBSL) also becomes the highest right share providing stock in Microfinance Sector. 

Civil Laghubitta Bittiya Sanstha (CLBSL) Right Share History

CLBSL issued its right share for the first time on 2020 Aug 09 where 11,41,140 units of share were distributed in a 1:1 ratio to their shareholders. Out of that 77,842 units remained unsold which was further sold in an auction held from 2020/10/11 to 2020/10/18.

Civil Laghubitta Bittiya Sanstha (CLBSL) Share Price History

Civil Laghubitta's share price reaches its all-time high in 2021/07/22 when the price become NRs. 1810 per unit share and an all-time low in 2019/11/26 when the price become NRs. 437 per unit. CLBSL 52-week high and low price is NRs. 1222 and NRs. 665.5  respectively.

5. Citizen Investment Trust (CIT)

Citizen Investment Trust (CIT) is in fifth place by providing 82% Right Share. CIT is also the second highest right share-providing company in the Investment Sector. Till now Citizen Investment Trust had given the right share only one time.

Citizen Investment Trust (CIT) Right Share History

This is the first time, CIT issued the right shares where 1,35,92,592 units shares were distributed in a 1:0.82 ratio. Out of this 3,31,902 units of shares remained unsold so they were auctioned recently i.e from 2022/01/27 to 2022/02/03. The cut-off price of the auction was NRs. 1889.

Citizen Investment Trust (CIT) Share Price History

Citizen Investment Trust (CIT) share price reaches its all-time high and became NRs. 5750 on 20 Dec 2020 whereas reaches an all-time low i.e NRs. 1574.5 on 13 Dec 2018. CIT’s 52-week high and low price is NRs. 3638 and NRs. 1785 respectively.

6. Prudential Insurance Company Limited (PICL) 

Prudential Insurance Company Limited (PICL) is number six on the list. PICL is also the highest right share providing in the Non-Life Insurance Sector as well as the only one which made into this list from that sector. 

Prudential Insurance Company (PICL) Right Share History

PICL provided its right share for the first time in 2014/01/05 where it provided 12,50,000 units of share in 1:1 (i.e 100%) at NRs. 100 per unit. Further, it provided the right share in 5:1 and 10:3 ratios in the year 2015 and 2017 respectively. 

Recently it provided 38,49,120 units of shares in a 10:6 ratio (i.e 60%) out of which 70,669 remained unsold so they were auctioned on 2021/09/19. The cut-off price for the auction share was NRs. 417.

Prudential Insurance Company (PICL) Share Price History

Prudential Insurance Company's share price reaches its all-time high and an all-time low on 23 June 2016 and 21 May 2013. Its all-time low and high price is NRs. 142 and NRs. 1753.7 (per unit) respectively. The 52-week high and low price of PICL is NRs. 811 and NRs. 328 respectively.

7. Arun Valley Hydropower Development Company Limited (AHPC)

Arun Valley Hydropower (AHPC) is number seven, the highest right share provider, and the only one from Hydropower Sector that fits into this list. 

Arun Valley Hydropower (AHPC) Right Share History

Arun Valley Hydropower (AHPC) provided 35,04,930 units of the right share in a ratio of 1:1 (100%) for the first time on 2014/03/24. Recently On 2022/04/19 AHPC distributed 52,41,197 units of right share in a ratio of 1:0.5 (50%) which was listed in NEPSE on 2022/07/16.

Arun Valley Hydropower (AHPC) Share Price History

Arun Valley Hydropower (AHPC) share price reached its highest price on 25 November 2009 when the share was traded for NRs. 790 (per unit) and reached its lowest on 19 Mar 2020 when the share was traded for NRs.87.9 (per unit). The 52-week high and low price of AHPC is NRs. 628.3 and NRs. 251.4 respectively.

8. Excel Development Bank Limited (EDBL)

Excel Development Bank Limited (EDBL) is at last on the list meaning in the eighth position of the top 8 right share providing stocks list.

Excel Development Bank Limited (EDBL) Right Share History

EDBL provided its right share for the first time on  2026/01/20 in which 5,25,000 units of share were provided to their shareholder in a 4:1 ratio (i.e 25%). Further, it provided 50% in the year 2017.

Recently it provided 24,33,363.7 units of right share in a 10:3 ratio means 30%. Out of which 27,257 units remain unclaimed so they were auctioned. The cut-off price of the auction share was NRs. 456.78

Excel Development Bank Limited (EDBL) Share Price History

Excel Development Bank's (EDBL) share price reaches its all-time high on 8 Dec 2008 i.e. NRs. 1380 and an all-time low on 5 Feb 2013 i.e NRs. 175.5. EDBL’s 52-week high and the low price is NRs. 618 and NRs. 295.

Conclusion

In the list of the Top 8 Right Share Providing Stocks we can see that 2 companies belong to the Investment Sector, 2 of them to Development Bank, 1 to Life Insurance, 1 to Non-Life Insurance, 1 to Hydropower, and 1 to Microfinance Sector.