SEBON approves 200% right issue of Samata Laghubitta; 12.13 Lakh units to be issued at par

Samata Laghubitta Bittiya Sanstha Limited (SMATA)'s 200% right shares has been approved by Securities Board of Nepal (SEBON) in the latest list of right shares approved.

The microfinance company will be floating 200% rights i.e. 12 Lakh 13 Thousand 440 unit shares worth Rs.12.13 Crore at par value of Rs.100 per share for the existing shareholders of the company.

NIBL Ace Capital Limited has been appointed as the issue manager for the issue.

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

It has stated that net profit has increased by almost 250% to Rs.2.57 Crore in fourth quarter of fiscal year 2075/76 from Rs.73.85 Lakh reported in the corresponding quarter of the previous fiscal year 2074/75.