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IPO Result of Mahakali Development Bank
Published by Octron on December 14, 2009
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Mahakali Development Bank, the first development bank of Mahakali zone in the far-western region, had issued public shares from Nov 2nd, 2009. The bank issued 81,800 share units, each with a face value of Rs 100 inorder to raise the paid up capital of the bank to Rs 20 million.
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Established two years ago, Mahakali presently has a depositor base of 4,310. It has mobilized deposits of Rs 120 million and issued loans of Rs 80 million. “We managed to earn profit of Rs 1.23 million in the last fiscal year,” said Joshi.
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