Lottery for share allotment of the Prime Finance First Mutual Fund is expected to be held on Wednesday at 10:30 am at the National Sports Council (NSC) building in the city, subject to approval of the Securities and Exchange Commission (SEC).
The lottery result also will be posted on Here.
The subscription of the close-end Mutual Fund of seven years worth Tk 200 million has been oversubscribed by a whopping 30 times.
Of the total size, Tk 40 million has been allocated for sponsors, Tk 60 million for private placement and Tk 100 million for IPO (initial public offering). The face value of the fund is Tk 10 per share.
The subscription of the mutual fund opened on January 4 while closed January 11 for resident Bangladeshis and January 17 for non-resident Bangladeshis.
The Prime Finance and Investment Limited is the sponsor of the mutual fund while state-owned Investment Corporation of Bangladesh (ICB) is the asset manager and custodian as well.
Currently, a total of 16 close-end mutual funds worth Tk 3.11 billion are listed with the country's stock market. Of which, ICB manages 12 mutual funds, AIMS of Bangladesh three and Bangladesh Shilpa Rin Sangstha (BSRS) one.
Prime Finance First Mutual Fund IPO Lottery Result
- Bank / Branch Code
- Other than NRB (General Public)
- Mutual Fund
- Non - Resident Bangladeshi (NRB)
- Distribution of Refund Warrant
0 comments
Post a Comment