Siddhartha Capital Floating Public Issue of Siddhartha Equity Fund from Today!

Siddhartha Equity Fund (SIDDEF) is floating its public issue of 120 million (12 crore) units of ordinary shares worth Rs. 120 billion (Rs. 1.20 arba) at a face of Rs. 10 per unit, starting immediately from today Wednesday October 11th 2017 (Ashwin 25th 2074). Of the total 120 million units, 85% (102 million units) shares is allocated for the general public and the rest 15% (18 million units) is secured for Siddhartha Bank Ltd. (SBL), the promoter of this mutual fund. The equity fund received the final approval from Securities Board of Nepal (SEBON) for its public issue about 6 weeks ago on Thursday August 31st 2017 (Bhadra 15th 2074).

The equity fund is a closed-ended equity oriented mutual fund scheme with a fund size of Rs. 120 billion having a maturity period of 10 years, and is managed by Siddhartha Capital Ltd. The earliest closing date for this offer is on Sunday October 15th 2017 (Ashwin 29th 2074) and its maximum closing date is on Tuesday October 24th 2017 (Kartik 7th 2074).

All interested investors and shareholders must apply for a minimum of 100 units to a maximum for up to 24,00,000 units of the share. Application forms can be collected from Siddhartha Capital Ltd., Naxal, Kathmandu as well as from all the branches of Siddhartha Bank Ltd. all over the nation.

Interested applicants can collect application forms from Siddhartha Capital, Naxal, Kathmandu and from all branches of Siddhartha Bank in Nepal. Since Securities Board of Nepal (SEBON) has made Applications Supported by Blocked Amount (ASBA) mandatory starting from mid August 2017, all the interested applicants can collect ASBA forms from all ASBA-approved banks around the nation and submit the completed forms accordingly. One can also make paperless application directly online through the participating banks as well.

Siddhartha Capital already has its two successful mutual fund schemes named Siddhartha Investment Growth Scheme (SIGS1) and Siddhartha Equity Oriented Scheme (SEOS), both listed in Nepal Stock Exchange (NEPSE). Both schemes are also closed-ended funds having maturity periods of only 5 years each. In mid August 2017, both schemes have reported their net asset value (NAV) of Rs. 27.90 and Rs. 16.05 respectively. Recently, they have proposed to distribute their shareholders 60% and 25% cash dividends respectively.

The amount collected from the sale of this scheme will be invested in the share market. Currently, there are 11 such mutual fund schemes already in the share market.

Check the links for Announcement, Notice, Prospectus and Financial Reports below:

Issue Announcement Link

Issue Notice Link

Prospectus Link

Financial Report Link - SIGS1

Financial Report Link - SEOS

ShareSanjal: Wednesdy October 11th, 2017.

Aarambha Microfinance 3rd AGM on Nov 4th 2017.

Aarambha Microfinance Bittiya Sanstha Ltd. has announced its Third Annual General Meeting (3rd AGM) going to be held on Saturday November 4th 2017.

The company will issue 294,000 units of IPO including the allotment for employees with a face value of Rs 100.

Aarambha Microfinance has appointed NIC Asia Capital Ltd. as its issue manager.

The 'D' listed microfinance company is headquartered in Banepa 10, Kavrepalanchowk. The company has been providing its services in 15 hilly districts since the last two years.

In the AGM, the company will also propose of appointing an auditor and of expanding its functional areas.

For details, follow the link below:

3rd AGM Notice Link

2nd AGM Notice Link

1st AGM Notice Link

ShareSanjal: Tuesday October 10th 2017.

No Panic ! 80% Right Shares of Sindhu Bikas Bank (SINDU) Deadline Extended !!

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:

RIGHT CHECK LINK

FORM DOWNLOAD LINK

BOOK CLOSURE LINK

RIGHT DEADLINE LINK (NEW EXTENDED)

RIGHT DEADLINE LINK (OLD)

Below are LINKS for its FY 2073/74 Financial Report, Company Analysis, Right Share Notice and Abhwanpatra:

FINANCIAL REPORT LINK

COMPANY ANALYSIS LINK

RIGHT SHARE NOTICE LINK

RIGHT SHARE ABHWANPATRA LINK

Check this earlier post too:

After Cent Percent Right Share Issue Last Year, SINDU Floats 80% Right Share This Year Too! Check How's the Company Status!