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NRBC Bank holds IPO lottery draw


Published : 03 Mar 2021 08:17 PM | Updated : 03 Mar 2021 08:17 PM

The initial public offering (IPO) lottery draw of NRBC Bank was held on Wednesday to allocate its 120 million ordinary shares among successful applicants. 

Due to the ongoing Covid-19 pandemic, the program was held on a limited scale at The Westin Dhaka.  

The Chairman of the Bank SM Parvez Tamal, the Managing Director & CEO Md. Mukhter Hossain, the Company Secretary Md. Mozammel Hossain, FCA, the Chief Financial Officer Harunur Rashid, a number of Directors and Shareholders of the Bank were present on the occasion.  The Minister for Water Resources Col. Zahid Faruk (Retd.) was present as special guest. 

The lottery draw was conducted using digital platform under the supervision of a representative team from Bangladesh University of Engineering and Technology (BUET).  The investors and all other related party joined in on the program through the website. 

The IPO subscription of NRBC Bank was held from 3 to 9 February. 

The Bank raised Tk.120.00 crore by issuing ordinary shares at face value of Tk.10 each under the fixed price method wherein the general investors have applied to buy 8.729 times higher the number of IPO shares being offered by the bank in its IPO.