IPO lottery for ICB AMCL First NRB Mutual Fund held
Star Business Report
The lottery for allotment of initial public offering (IPO) of ICB AMCL First NRB Mutual Fund was held on Thursday in Dhaka.Department of Computer Science and Engineering of Buet (Bangladesh University of Engineering and Technology) conducted the lottery. ICB AMCL (Investment Corporation of Bangladesh Asset Management Company Ltd) offered 10 lakh units of share at Tk100 each totalling Tk10 crore in four categories. Of these, one lakh units totalling Tk1 crore were allotted for 'sponsors' contribution' category while one lakh units totalling Tk1 crore were offered for mutual funds, six lakh units worth Tk6 crore for NRBs (non-resident Bangladeshis) and two lakh units of Tk2 crore for resident Bangladeshis. Against the IPO, the ICB AMCL received a total of 1,53,369 acceptable applications including 9,316 from NRBs, 1,44,041 from resident Bangladeshis and 12 from mutual funds, the release added. The ICB AMCL also received Tk94.46 crore as subscription against the public offering of Tk9 crore. Among others, ICB AMCL Chairman Md Fayekuzzaman, CEO Deena Ahsan and ICB Managing Director Ziaul Haque Khandaker were present at the lottery ceremony.
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