Just six months after the IPO, Mithila Laghubitta pledges 20% bonus share

ShareSansar, September 22:

Mithila Laghubitta Bikas Bank Limited has offered 20 percent bonus share to its shareholders in just six months after the IPO shares debuted at Nepal Stock Exchange Limited (Nepse).

A meeting of the Board of Directors of the microfinance company took the decision to this effect yesterday, a highly placed source at the MFI told ShareSansar today.

The Mithila scrip had debuted at Nepse on March 28 after the shares floated through the Initial Public Offering (IPO) of 70,725 primary shares in January.

The IPO of Mithila that closed on January 8 was oversubscribed by 76.86 times as the issuance of 70, 725 units of ordinary shares through the IPO that begun on January 5 had drawn Rs 54 crore, 36 lakh and 30 thousand.

The SEBON had approved Mithila's IPO issuance on December 11.