Pokhara Finance’s 9.83 lakh units FPO shares in SEBON pipeline

Pokhara Finance Limited (PFL) has been added in SEBON pipeline to seek approval for the issuance of 9.83 lakh units FPO shares. PFL is seeking approval to issue 9,83,682 units shares to the general public at a premium price. NIBL Capital Markets Limited has been appointed as the issue manager. PFL’s 20^th AGM held on Kartik 9, 2073 had endorsed the agenda to issue 9,83,682 units shares to maintain its promoter – public share structure at 51:49. The premium price has not been disclosed yet. The AGM had also endorsed further 15% right share after FPO issue. PFL has earned a net profit of Rs 4.83 crore in the second quarter of the fiscal year 2073/74. Its paid up capital currently stands at Rs 55.74 crore. After the issuance of FPO shares and 15% right, its paid up capital will reach Rs 75.40 crore. As a national level finance company, it should hike its paid up capital to a minimum of Rs 80 crore by the end of FY 2073/74. Its last traded price (LTP) stands at Rs 217 as on March 9, 2017.