Nabil Investment Banking Limited is going to do all the verification and registrar to share work of the Mega Bank Limited. Probably, on the coming Sunday both the companies will sign an agreement for the same.
And within a week of that Mega bank will approach to Nepse to list their shares in the secondary market and open trading for the general public of the recently issues Rs 700 million worth IPO.
I think, this will surely create a buzz among investors and prosper awareness towards share market all over Nepal and among NRN's.
Neverthless, i do not think that the scrip would open less than Rs 200 band. Below this will attract buyer at the present context. And Above this may face selling pressure which will gradually overcome by the strong buying pressures from the bottom level.
Regards,
Smart Investor
