NRB Bank will raise Tk 1 billion from the primary market by offloading 1 million shares at Tk 10 each under the fixed price method. It will utilise the IPO fund to invest in government and listed securities. The Bangladesh Securities and Exchange Commission (BSEC) on Thursday approved the company's IPO proposal
Tag: IPO
IPO of Trust Islami Life Ins opens April 3
UCB Investment appointed Issue Manager of LAFL IPO
UCB Investment Limited is appointed as the Issue Manager of the forthcoming IPO of Lankan Alliance Finance Limited (LAFL), a Joint Venture Financial Institution with multinational collaboration in Bangladesh, licensed by Bangladesh Bank. An Issue Management Agreement Signing Ceremony was recently held at LAFL Headquarter. Tanzim Alamgir, Managing Director & CEO, UCB
Midland Bank offers shares to employees
Midland Bank introduced shares to the employees from Initial Public Offering (IPO) as the first commercial lender in Bangladesh. The fourth generation bank announced 7.14 percent from total IPO shares for the employees of the bank under employees share purchase plan (ESPP), said a press release on Thursday. MDB will commence IPO
21 pvt insurance cos yet to go public
Twenty one private insurance companies have not floated shares for public subscription despite clear instructions by the concerned authorities to go public within three years of their inception, official sources said. These companies are-American Life Insurance Company (MetLife), Alpha Islami Life Insurance Ltd, Baira Life Insurance Co. Ltd, Best Life Insurance
Asiatic Laboratories launches IPO
Asiatic Laboratories Limited arranged a Road Show programme and started its journey to Initial Public Offering (IPO) under Book Building method as per Bangladesh Public Issue Rules-2015 on Sunday, October 24. Managing Director Md. Monir Ahmed, Chairman Tahmina Begum, Executive Director Maqsood Ahmed, Director Operation Sadia Ahmed, Independent Director, Company Secretary,
NRB Bank appoints UCBIL, SEML as issue manager for IPO
NRB Bank Limited has appointed UCB Investment Limited (UCBIL) and Shahjalal Equity Management Limited (SEML) as the Issue Managers recently, a press release said. The signing ceremony to appoint the Issue Managers for the upcoming initial public offering of the bank was held on Monday, at its head office in the
Walton to use surplus IPO fund for BMRE
Shareholders of Walton Hi-Tech Industries Limited at its Extraordinary General Meeting (EGM) Wednesday approved a proposal to use the unspent money raised through initial public offering and net interest of IPO money for BMRE of the company. The EGM held virtually was presided over by S M Nurul Alam Rezvi, Chairman
Union Bank signs deal with PBIL, BRAC EPL
Union Bank Limited has signed an agreement with the Prime Bank Investment Limited (PBIL) and BRAC EPL Investments Limited to work as Joint Issue Managers of an upcoming IPO. Under the deal, they will jointly provide Issue Management services for the IPO of Union Bank under Fixed Pricing Method. A.B.M. MokammelHoque Chowdhury,