Book closure for Samata Laghubitta's 200% right issue set on Ashwin 01, 2076; Company issuing 12.13 lakh unit shares

Book closu...

Samata laghubitta Bittiya Sanstha (SMATA) has published its book closure date for 1:2 right share issuance.

The company's AGM held on Mangsir 27, 2075 had approved 1:2 right shares worth Rs 12 crore 13 lakh 44 thousand. The book closure date for this issue has been set on Ashwin 01, 2076. Therefore, the shareholders maintained in the book till Bhadra 31, 2076 will be eligible to apply for the right shares.

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.