Hurry up: Last day to clinch 50% right share of Sana Kisan Bikas Bank; LTP stood Rs.1958

Today is the last day to get hold of 2:1 (50%) right share of Sana Kisan Bikash Bank Limited (SKBBL). The book closure date for the right issue has been set for Mangsir 8, 2072. Only shareholders who have bought the shares and transferred them to their name before the book closure date on Mangsir 7, 2015 (today) would be eligible to apply for the right shares. Sana Kisan will be floating a total of 11, 53,412 unit rights share at the face value of Rs 100 from Mangsir 25, 2072. After the adjustment of the rights shares, the finance’s total paid-up capital will reach to Rs 34.60 crore from the existing Rs 23.06 crore. The microfinance has an authorized capital of Rs 64 crore. Its last traded price stood at Rs 1958 as on November 22, 2072. ICRA Nepal had assigned a “[ICRANP] IPO Grade 4+”, indicating below-average fundamentals to the proposed rights issue.