Last day to secure 50% right share of Srijana Finance; LTP stood Rs. 71

Today is the last day to get hold of 2:1 (50%) right share of Srijana Finance Limited (SFFIL). The book closure date for the right share has been set on Magh 5, 2072 (tomorrow). Only those shareholders owning shares till today (Magh 4) will be entitled to the right share of the company. Srijana finance will be issuing 13, 44,000 unit right shares to its existing shareholders. At present the finance has a paid up capital of Rs 13.44 crore whereas after the issuance of 50 percent right shares, it’s paid up will stand at Rs 20.16 crore. NCM Merchant Banking Limited will be the issue manager for the right issue of SFFIL. ICRA Nepal has assigned an “[ICRANP] IPO Grade 4”, indicating below-average fundamentals to the propose rights issue. The last trading price of SFFIL stood at Rs 71 as on November 3, 2015.