Mercantile Bank Limited is going to float its 1st mutual fund worth Tk 1.0 billion in the capital market by the name and style "MBL 1st Mutual Fund".
Recently, a signing ceremony of the Trust Deed Agreement took place between Mercantile Bank Limited and Bangladesh General Insurance Company Limited (BGIC).
Size of IPO: Tk 1.0 billion (100 crore) closed-end mutual fund.
Sponsored By: Mercantile Bank Limited
Face Value : Tk. 10
Offer Price: Tk. 10
Market lot : 500
Manager to the Issue: Bangladesh General Insurance Company Limited (BGIC).
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