Of them, the five-day long subscription of Prime Finance First Mutual Fund worth Tk 200 million begins January 4.
On the other hand, the five-day long subscription of Bay Leasing and Investment Ltd worth Tk 255 million begins January 18.
The Prime Finance First Mutual Fund will be a closed-end mutual fund with the face value of Tk 10 each.
Out of Tk 200 million, local investors will be allowed to subscribe Tk 80 million, non-resident Bangladeshis (NRBs) Tk 10 million, mutual funds Tk 10 million, pre-IPO placement Tk 60 million and sponsor (Prime Finance and Investment Ltd) Tk 40 million.
State-owned Investment Corporation of Bangladesh (ICB) is the trustee and custodian of the mutual fund, 17th of its kind in the country's growing stock market.
At present there are 16 mutual funds worth Tk 3.11 billion in the stock market.
On the other hand, Bay Leasing and Investment Ltd, a non-banking financial institution (NBFI) has offered a total of 1,020,000 shares for the public subscription.
The offer price of per share of Bay Leasing and Investment Ltd is Tk 250 (premium Tk 150) and the subscription ends on January 22.
Bay Leasing is the 19th NBFI to float shares.
The already listed NBFIs are IDLC Finance, United Leasing, Uttara Finance, MIDAS Financing, First Lease International, People's Leasing, Prime Finance and Investment, Premier Leasing, Islamic Finance and Investment, LankaBangla Finance, Bangladesh Industrial Finance, IPDC, Union Capital, Bangladesh Finance Investment Co Ltd and International Leasing, Phoenix Finance and Investments Ltd, Fidelity Assets and Securities Co Ltd and Delta Brac Housing.
0 comments
Post a Comment