35% right share issue of Siddhartha Insurance closes today; Did you apply?

Sun, Aug 5, 2018 1:20 AM on Dividend, Bonus & Rights, Latest, Stock Market,
35% right...

Today is last day to apply for 35% right shares of Siddhartha Insurance Limited (SIL).

SIL is issuing 10:3.5 right shares to its shareholders from  Asadh, 17, 2075 to Shrawan 20, 2075 i.e.today. SIL is issuing 22, 44,973.50 unit right shares at a par value of Rs 100 per unit of worth Rs 22.44 crore.

The book closure date for the rights issue was set on Jestha 1,2 075. Only those shares registered one trading day ahead of the book closure date i.e. till Baisakh 31, 2075 are eligible to apply for the right shares.

ICRA Nepal has assigned “[ICRANP] IPO Grade 3+”, indicating average fundamentals to the proposed rights issue (equity shares) amounting to Rs 22.44 crore of Siddhartha Insurance Limited (SIL).

NIBL Ace Capital Limited is the issue manager for the right issue. Interested applicants can collect application forms from NIBL Ace Capital Limited or designated branches of SIL.

It stated net profit of Rs 18.04 crore in Q3 of the FY 2074/75. Current paid up capital remains at Rs 64.14 crore. After issuance of right share, its paid up capital will reach Rs 86.59 crore.

Its LTP stands at Rs 659 as of Ashadh 14, 2075.