Mega Bank has announced to distribute its share certificates from today.
The bank is expected to announce a profit of Rs 17 crore. An official
with Mega said the bank is likely to offer 8% dividend to its
shareholders.
Meanwhile, it has been revealed that the bank’s IPO allotment advice slip is trading at Rs 170 to Rs 180 in the informal OTC market. Considering the price in the informal trading, the bank’s shares are expected to be traded at around Rs 200 or above after listing in the stock market.
Another reason for the price going up has been attributed to the election of two boards of directors representing public shareholders during the bank’s soon-to-be-held AGM. The shares would be in high demand right before the AGM as those who will fight for the post will try to purchase as many shares as possible to secure votes.
Though the bank hasn’t announced the exact date for the AGM, an official with the bank said efforts are on to hold it before Dashain.
The shares might be listed in the second week of Bhadra.
src sharesansar
Meanwhile, it has been revealed that the bank’s IPO allotment advice slip is trading at Rs 170 to Rs 180 in the informal OTC market. Considering the price in the informal trading, the bank’s shares are expected to be traded at around Rs 200 or above after listing in the stock market.
Another reason for the price going up has been attributed to the election of two boards of directors representing public shareholders during the bank’s soon-to-be-held AGM. The shares would be in high demand right before the AGM as those who will fight for the post will try to purchase as many shares as possible to secure votes.
Though the bank hasn’t announced the exact date for the AGM, an official with the bank said efforts are on to hold it before Dashain.
The shares might be listed in the second week of Bhadra.
src sharesansar
