Mithila Laghubitta starts distributing its share certificates

ShareSansar, March 18:

Mithila Laghubitta Bikas Bank Limited is distributing the share certificates for its Initial Public Offering (IPO) from today.


It had started distributing the allotment advice and refunding money to the non-allottees on February 21.

Civil Capital Market Limited is the issue manager.

Earlier in February the IPO was flatly allotted at 1.26 percent to both the group of investors yesterday, and those who applied up to Rs 75,000 have fallen under lottery.

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.

As 1,415 unit shares were set aside for the staff of the microfinance and another 5 percent of the shares were earmarked for the mutual funds, the total ordinary shares floated to the public stood at 65,774.