Again, SCB FPO

Rajesh Sharma

After going through several posts and inbox messages (including from Chandra Prasad ji and Santosh Raj Bajgain ji), interpretations (including on sharesansar) and news items, I have reached to the following conclusions:
1. SCB will bring down its promoter - ordinary shareholder ratio to 70:30 from 75:25.
2. It will issue FPO equal to 5% of the final paid up capital till the date of FPO issue with premium. This could be around 26 Lakh kitta shares.
3. The premium amount collected, which will be about 3.6 Arab will be issued as bonus shares and, thus, will be added to paid up capital
4. Another about one Arab will be added to paid up capital by providing bonus shares from the profit of this year. 
5. Hence, SCB shareholders may get 33.33% bonus shares as declared already, about 75% bonus shares from the premium amount collected and another 12-15% from this years profit in one year starting now.
6. However, to get this windfall gain, NRB and SEBON have to give approval to SCB capital plan.
7. Because of this probable bonanza, there were all sorts of rumors in the market today and many fall victim.