12.13 lakh right shares of Samata Laghubitta to float from Ashwin 26, 2076; Capital post adjustment to reach Rs 18.19 crore

Wed, Sep 25, 2019 11:43 AM on Dividend, Bonus & Rights, Latest, Stock Market,
12.13 lakh...

Samata Laghubitta Bittiya Sanstha (SMATA) will be issuing 1:2 (200%) right shares from Ashwin 26, 2076 to Mangsir 01, 2076.

SMATA is issuing 12 lakh 13 thousand 440 unit right shares worth Rs 12.1344 crore.
NIBL Ace Capital Limited has been appointed as the issue manager for the issue.

CRNL has assigned grading of “CARE-NP IPO Grade 4” to the proposed Right Share Issue of Samata Laghubitta Bittiya Sanstha Limited (SLBSL). “CARE-NP IPO Grade 4” indicates Below Average Fundamentals.

It has stated that net profit has increased by almost 250% to Rs.2.57 Crore in fourth quarter of fiscal year 2075/76 from Rs.73.85 Lakh reported in the corresponding quarter of the previous fiscal year 2074/75.

The current paid-up capital of the microfinance stands at Rs 6.06 crore, which after the adjustment of right shares will reach Rs 18.19 crore.

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