Closing day: Subhechha Dev Bank & Srijana Finance 3:1& 2:1 right share respectively

Eligible shareholders have one more day to file for the 3:1(33.33%) ratio right shares of Subhechha Bikas Bank Limited (SUBBL). The development bank has been issuing right shares from Magh 18, 2072 and today is the closing day for the same. The company has offered right shares at face value of Rs 100 at the ratio of 3:1 (33.33%) for its existing shareholders. Ace Capital limited has been assigned as the issue manager for the right issue. After the adjustment of the rights shares, the bank’s total paid-up capital will reach to Rs 20.03 crore from the existing Rs 15.02 crore. The bank has authorized capital of Rs 40 crore. SUBBL has earned  net profit of Rs.1.05 crore in the 2th quarter of the fiscal year 2072/73.  Its EPS Stands at Rs 88.19 and net worth per share at Rs 206.64. Its last trading price stands at Rs 371 as on March 10, 2016. Likewise, Last day to apply  for the 2:1(50%) ratio right shares of Srijana Finance Limited (SFFIL). The finance company has been issuing right shares from Magh 25, 2072 and today is the closing day for the same. Srijana Finance has been issuing a total 6, 72,000 unit right shares at the face value of Rs 100. NCM Merchant Banking Limited has been assigned as the issue manager for the right issue. Interested shareholders can collect the application forms from the any branch of Srijana Finance Limited as well as from NCM Merchant Banking Limited located at Kamalpokhari, Kathmandu. After the adjustment of the rights shares, the bank’s total paid-up capital will reach to Rs 20.16 crore from the existing Rs 13.44 crore. The bank has authorized capital of Rs 30 crore. Its public-promoter share structure stand at 60:40 ratio. ICRA Nepal has assigned an “[ICRANP] IPO Grade 4”, indicating below-average fundamentals to the proposerights issue. The last trading price of SFFIL stood at Rs 71 as on November 3, 2015.