Swarojgar Laghubitta is set to issue 100 percent right shares from July 29-September 2. The company is issuing 1,224,977.60 units of right shares of the paid-up capital of Rs 122.49 million to its existing shareholder at a ratio of 1:1.
The company has appointed NMB Capital as its issue manager. The interested existing shareholders can apply for the right shares from NMB Capital at Nagpokhari-Kathmandu, various branches of NMB Bank, Swarojar Laghubitta at Banepa-Kavrepalanchowk, various branches of Goodwill Finance, Kamana Sewa Bikas Bank at Gyaneshwor, Central Finance at Kupondole- Lalitpur and Chabahil-Kathamndu and all ASBA approved BFIs.
ICRA Nepal has assigned grade 4+ to the right issue indicating below average fundamentals.
The right issue was endorsed by 9th AGM of the company held on October 28, 2017.
Presently, Swarojgar has a paid-up capital of Rs 122.4 million which will reach Rs 244.9 million after the right issue.
