Matribhumi Bikas Bank Ltd to issue IPO public shares on Nov 10, 2013

Matribhumi Bikas Bank Limited is going to float the Initial Public Offer (IPO) of 1.54 lakh unit equity shares of face value Rs 100 from November 10.

The development bank has appointed Civil Capital Limited as its issue manager.

According to the unaudited fourth quarterly report of the development bank based in Sindhuli, it posted a net profit of Rs 15.15 lakh.

Its paid-up capital stands at Rs 2.86 crore and the reserve at Rs 52.35 lakh.

It mobilized Rs 23.37 crore in deposit and Rs 19.01 crore in loan in the previous quarter.

However, its NPL stands at 3.49 percent.

After the issuance of the IPO, the development bank’s paid-up capital will rise to Rs 4.4 crore.

-sharesansar