Huge response to Mega Bank IPO, collection touches Rs 1 billion

ShareSansar, June 3

Large crowds of people thronged the collection centers for filing applications for Mega Bank’s Initial Public Offering (IPO). The bank has appointed 133 collection centers inside and outside the Valley.

The bank has floated 6990000 units ordinary shares and on the very first day of its launching the collection centers were flooded with public eager to buy the bank’s shares.

Bank’s CEO Anil Shah has updated his Facebook status claiming that the bank has made a collection of around Rs 1 billion, in which Rs 550 million were collected through Mega bank branches only, by the end of first day. The bank will raise Rs 699 million by June 5, when the IPO is slated to close.