The bank has been floating 2,097,540 units of right shares with a face value of Rs 100 from September 3. The shareholders registered in the book by August 24 are eligible to claim the right shares.
NIBL Capital Markets has been appointed as an issue manager by the bank. The interested shareholders can apply for the shares from the Capital's office at Lazimpat and all the branches of Sidhu Bikas Bank.
Moreover, the shareholders can also apply for the shares from Biratnagar, Birgunj, Narayangadh, Butwal, Chipledhunga Pokhara, Nepalgunj and Dhangadhi branch of Nepal Investment Bank.
Presently, the bank has paid-up capital of Rs 262.1 million which will reach Rs 471.9 million after the right issue.
During the last FY, the bank earned a net profit of Rs 37.2 million and has maintained EPS of Rs 14.20. The bank is set to distribute bonus of Rs 30 million to meet the paid-up capital of Rs 500 million.
