Things to know for prospective investors about Right issue of Samriddhi Finance Company Limited; 200% right shares opens from today
Fri, Oct 2, 2020 6:05 AM on IPO/FPO News, Company Analysis, Exclusive,
Company Information:
Samriddhi Finance Company Limited (SFCL) is a “C” class financial institution that was established as the 49th financial institution of the country in 2057 BS. The company is headquartered in Hetauda, Makwanpur. The company is promoted by reputed businessmen, industrialists, and professionals with high experience and qualifications. With a vision of trust, satisfaction with high value and dignity, the company believes in continuous creativity and innovation in its business services.
About the Right issue:
The company is issuing the right share at a ratio of 1:2. The book closure date for the issue was 12 Bhadra, 2077 meaning that shareholders buying shares of SFCL till Bhadra 12, 2077, are entitled to apply for the right issue.
The issue open date of the company is 16 Ashwin, 2077, and the closing date is 6 Kartik, 2077.
|
Samriddhi Finance Company Limited |
|
|---|---|
|
Right Ratio |
200% |
|
Issue Price |
Rs. 100 |
|
Total Units |
3,639,606 |
|
Total Amount |
Rs. 363,960,600 |
|
Issue Manager |
BOK Capital Market Limited |
|
Issue open date |
16 Ashwin, 2077 |
|
Issue closing date (earliest) |
6 Kartik, 2077 |
|
Book Closure |
12 Bhadra, 2077 |
|
Uses of fundraised from Right share |
|||
|---|---|---|---|
|
S. N |
Particulars |
Percentage |
Total Amount |
|
1 |
Loan and advances |
85.17% |
310,000,000 |
|
2 |
Investments |
5.50% |
20,000,000 |
|
3 |
Branch Expansion |
4.12% |
15,000,000 |
|
4 |
others |
5.12% |
18,960,600 |
|
Total |
363,960,600 |
||
|
Board of Directors |
||
|---|---|---|
|
S. N |
Name |
Position |
|
1 |
Mr. Binod Kumar Subedi |
Chairman |
|
2 |
Mr. Birangana Maharjan |
Member |
|
3 |
Mr. Shiva Lal Puri |
Member |
|
4 |
Mr. Kumar Shrestha |
Member |
|
5 |
Mr. Dipak Adhikari |
Member |
|
Capital Structure |
|
|---|---|
|
Authorized capital |
800,000,000 |
|
Issued Capital |
545,940,900 |
|
Current paid-up capital |
181,980,300 |
|
Total Paid-up Capital after the issue |
545,940,900 |
|
Shareholding Structure |
||||
|---|---|---|---|---|
|
|
Number of shares |
Amount |
Percentage |
Remarks |
|
Promoter shareholders |
3,241,056 |
324,105,600 |
59.37% |
Already Issued |
|
General Public |
2,218,353 |
221,835,300 |
40.63% |
Already Issued |
|
Total |
5,459,409 |
545,940,900 |
100.00% |
- |
Financial information:
|
Particulars |
Actual |
Estimated* |
|||||
|---|---|---|---|---|---|---|---|
|
2073/2074 |
2074/2075 |
2075/2076 |
2076/2077 |
2077/2078 |
2078/2079 |
2079/2080 |
|
|
Total Paid-Up capital ('000) |
181,980 |
181,980 |
181,980 |
232,714 |
898,547 |
2,092,888 |
3,878,323 |
|
Reserve & Surplus ('000) |
-223,677 |
-170,934 |
-82,879 |
-53,222 |
-50,281 |
36,673 |
155,805 |
|
Deposit ('000) |
107,771 |
74,852 |
75,274 |
205,682 |
850,000 |
2,000,000 |
3,750,000 |
|
Loan and advances ('000) |
2,292 |
1,807 |
603 |
18,254 |
1,081,250 |
2,227,050 |
3,706,230 |
|
Net Interest Income ('000) |
-15,646 |
48,987 |
7,153 |
30,165 |
57,868 |
141,944 |
223,030 |
|
Provision for possible losses ('000) |
43,273 |
28,462 |
39,719 |
42,214 |
81,005 |
800 |
5,820 |
|
Net Profit ('000) |
17,143 |
52,582 |
5,494 |
30,849 |
87,250 |
87,827 |
120,010 |
|
Earnings per share (Rs.) |
9.42 |
28.89 |
3.02 |
16.96 |
10.91 |
10.98 |
15.00 |
|
Net worth per share (Rs.) |
-23.1 |
5.72 |
54.08 |
70.79 |
93.71 |
104.58 |
119.48 |
|
Return on Equity (%) |
-41% |
476% |
6% |
24% |
12% |
10% |
13% |
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