Newly listed shares generally fetch up to three times their net worth recorded in the quarter in which they open for trading. Since Mega Bank’s net worth stood at Rs 114.24 as per the latest quarterly report, its shares are expected to be traded between Rs 114.24 and Rs 342.
The bank’s scrips have been trading in the informal (OTC) market at about Rs 180 to Rs 190.
The bank had seen historical subscription during its Initial Public Offering held in the first week of June. With 144,456 minority shareholders, Mega Bank has the highest number of shareholders. It already had 1219 promoters.
Mega Bank Nepal Limited has appointed Nabil Investment as its Share Registrar.
-sharesansar
