Deadline to apply for 80% (10:8) right share of Sindhu Bikas Bank (SINDU) is just extended to not merely a single day, but several days up to after Tihar, now ending only on Sunday October 22nd 2017. You have now about 11 banking days to get your 80% SINDU right shares at the face value of just Rs. 100. The bank has been issuing 20 lakhs 97 thousands 5 hundred 40 units right shares at the face value of Rs. 100 worth a total of Rs. 20 crores 97 lakhs 54 thousand to its existing shareholders since Sunday September 3rd 2017.
The book closure date was already set for Friday August 25th 2017. Only those shares traded one day ahead of the book closure date i.e. Thursday August 24th, 2017 are eligible for the right shares. For this 80% right share, its adjusted price is Rs. 2 hundred and 22 while its average base price is Rs. 288.
 |
| Click the table to enlarge and download in pdf format. |
SINDU received on Thursday June 29th 2017 the final approval from the Securities Board of Nepal (SEBON) to issue this right shares. Last year, the development bank had issued 1:1 (100%) right shares worth a total of 12 lakhs 9 thousand 3 hundred and 75 unit right shares to its existing shareholders on Sunday August 7th 2017.
NIBL Capital Markets Ltd. has been assigned as the issue and sales manager for this issue.
Interested shareholders can collect the application forms from NIBL Capital Markets Ltd, Lazimpat, Kathmandu and from the main office of Sindhu Bikas Bank Ltd. and its various branch offices round the country. The application forms can also be collected from Nepal Investment Bank’s Pokhara, Biratnagar, Birgunj, Narayangadh, Butawal, Nepalgunj and Dhangadhi branches.
The bank has published its current paid up capital Rs. 26 croes 21 lakhs 92 thousand and 50 in the fourth quarter (4Q) of the current fiscal year 2073/74. During this period, the bank has collected Rs. 5 crores 82 lakhs and 97 thousands in its reserve and surplus account. The bank successfully earned a net profit of Rs. 2 crores 55 lakhs and 50 thousand as well. It also has maintained its earning per share as Rs. 13 and its net worth per share Rs. 1 hundred 22 and 23 paisa.
From the bank's earning in the previous fiscal year 2073/74, it has distributed its shareholders 16.8% bonus shares and 0.88% cash dividend for tax purpose. After that bonus distribution and this 80% right share issue, its paid up capital will reach Rs. 47.19 crores.
As per Nepal Rashtra Bank (NRB)’s directive for all 1 to 3 district level development banks to increase their paid up capital to a minimum of Rs. 50 crores by the end of FY 2073/74, SINDU will need to issue a further capital hike of around 6%.
Its latest closing price stood at Rs. 1 hundred 84 as of Wednesday October 4th 2017.
Below are LINKS for its Right Eligibility Check, Form Download, Book Closure and Old Deadline as well as NEW EXTENDED DEADLINE Notices:
Below are LINKS for its FY 2073/74 Financial Report, Company Analysis, Right Share Notice and Abhwanpatra:
Check this earlier post too:
