October 13, 2019 | Investopaper
Shrijana Finance is issuing 60 percent right share to its shareholders from Ashwin 17, 2076. The right issue will close on Karthik 21, 2076.
Securities Board of Nepal (SEBON) approved the 10:6 right share of Shrijana Finance on Shrawan 20, 2076.
The total quantity of right share is 27,64,692 units.Hence, the right issue is worth Rs. 27.65 crores.
Sunrise capital is the issue manager for the right.
ICRA Nepal has provided IPO Grade 4+ to the issue. This indicates below average fundamentals for the company.
At current, Shrijana Finance has Rs. 46.08 crores in the capital. After the right issue, the capital will rise to Rs. 73.73 crores.