Capital Plan of RSDC Laghubitta; 15% bonus & 200% right share in FY 73/74;share trading started from today

RSDC Laghubitta Bittiya Sanstha Limited (RSDC) has published its capital plan for the FY 2074/75. Nepal Rastra Bank’s (NRB) Monetary Policy issued on Bhadra 8, 2073 had directed wholesaler microfinance to maintain its paid up capital up to Rs 60 crore for the FY 2074/75. The microfinance company proposes to exercise below mentioned options to raise the paid up capital to NPR 60 crore within stipulated time frame by Ashad 2074. RSDC Laghubitta Bittiya Sanstha Limited had issued 4, 00,000 unit shares worth Rs 4 crore as part of its initial public offering (IPO) from Bhadra 5, 2073 till Bhadra 8, 2073 at face value of Rs 100. The microfinance company raised Rs 4 crore through the offer. After the IPO, the paid up had reached Rs 10 crore from Rs 6 crore. In the current FY 2073/74, the company will distribute 15% bonus share to its shareholders from the net profit it earned in the FY 2072/73 and will have increased its paid up capital  up to Rs 11.50 crore by Poush end. The company will again issue 1:2 (200%) right share in FY 2073/74 after bonus share distribution and the paid up capital will rise to Rs 34.50 crore. Similarly, the company will provide 5% bonus share on the paid up capital in FY 2074/75, increasing its paid up to Rs 36.22 crore. In the same FY, the company will issue 5:3 (60%) right shares to increase its paid up capital to Rs 57.96 crore. After right share distribution, the company will adjust its net profit of FY 2074/75 and make its paid up capital to Rs 60.49 crore and the microfinance company will meet NRB requirement. As per an official of RSDC Laghubitta, the microfinance company will be conducting its Annual General Meeting (AGM) within Poush end. Meanwhile, Nepal Stock Exchange Limited (NEPSE) had listed 10 lakh units’ Initial Public Offering (IPO) shares of RSDC Laghubitta Bittiya Sanstha Limited. As per the notice published on NEPSE, the open range has been set from Rs 111 to Rs 334 for the first transaction. The stock symbol for RSDC Laghubitta Bittiya Sanstha Limited has been set as RSDC. RSDC Laghubitta had set aside 8, 000 unit shares for its employees and 20, 000 unit shares for the existing 7 mutual fund companies. The mutual fund schemes were Nabil balance fund-1, NMB Sulav Investment Fund – 1, NIBL Sambriddhi Fund – 1, Laxmi Value Fund -1, Siddhartha Equity Oriented Scheme, Siddhartha Investment Growth Scheme- 1 and Global IME Sammunati Fund. The company had set aside 3, 72, 000 unit share to the general public. Please click here for the capital plan