SEBON adds proposed 200% right shares of Samata Laghubitta under preliminary review; more than 12 Lakh units to be offered

In the latest list of right shares in pipeline published by the Securities Exchange Board of Nepal (SEBON), right shares of Samata Laghubitta Bittiya Sanstha Limited (SMATA) have been added under preliminary review.

The microfinance company is looking to issue 1,213,440 units of shares as 200% rights to raise capital worth Rs.12.13 Crore. For this purpose, NIBL Ace Capital has been appointed as the issue manager.

CRNL has assigned grading of “CARE-NP IPO Grade 4” to the proposed Right Share Issue of Samata Laghubitta Bittiya Sanstha Limited. “CARE-NP IPO Grade 4” indicates Below Average Fundamentals.

After the issue of 200% right shares, the paid up capital of the microfinance company will increase to Rs.18.20 Crore.