Subhechha Dev. Bank 3:1 right share offer from today; LTP stood Rs. 378
Mon, Feb 1, 2016 3:00 AM on Latest, Dividend, Bonus & Rights, Featured, Stock Market,
Subhechha Development Bank Limited (SUBBL) is issuing 3:1 (33.33) ratio right share to its existing shareholders from today (Magh 18, 2072). The right issue will close on Falgun 23, 2072.
Only shareholders who have bought the shares and transferred them to their name before the book closure date on Poush 28, 2072 would be eligible to apply for the right shares.
Subhechha Development Bank is issuing a total of 5, 00,852 unit right share at the face value of Rs 100.
Ace Capital limited has been assigned as the issue manager for the right issue.
Interested shareholders can collect the application forms from the any branch of Subhechha Development Bank, Ace Development Bank as well as from Ace Capital Limited located at Laldurbar, Kathmandu.
After the adjustment of the rights shares, the bank’s total paid-up capital will reach to Rs 20.03 crore from the existing Rs 15.02 crore. The bank has authorized capital of Rs 40 crore.
SUBBL had earned a net profit of Rs. 27.25 lakhs in the first quarter of the current fiscal year.
ICRA Nepal has assigned an “[ICRANP] IPO Grade 4”, indicating below-average fundamentals to the proposed rights issue.
The last trading price of SUBBL stood at Rs 378 as on January 19, 2016.
