Siddhartha Bank Ltd. announces book close for 10% right share; book closure on Magh 22

Siddhartha Bank Limited has announed the book closure for 10% right share. The company's book will remain closed on Magh 22 for the stated purpose. 

The Company received SEBON approval on Poush 4th. The company will issue 68.26 lakh unit right shares. The shareholders owning the shares at the time of book close will be eligible for the right share. 

ICRA Nepal has assigned IPO Grade 3 rating. Whereas, Laxmi Capital Markets Limited has been appointed as the issue manager for the upcoming issue. 

SBL had recently proposed a bonus share of 14%. The company's capital will be above 8 arba after the right and bonus issue. 

Siddhartha Bank was last traded at Rs 368 in the stock market.