The Shares of South Bangla Agriculture and Commerce (SBAC) Bank's initial public offering (IPO) have been allotted on Thursday at Dhaka Stock Exchange head office in the capital.
In return for the application of Tk. 10 Thousand, 60 shares will be for the general investors, 76 shares to the affected investors and 108 shares to the NRB investors.
S. M. Amzad Hossain, Chairman of the bank attended the ceremony as chief guest while Mosleh Uddin Ahmed, Managing Director & CEO, Tariq Amin Bhuyan, Managing Director of Dhaka Stock Exchange Ltd., M. Shaifur Rahman Mazumdar FCA, Chief Operating Officer of DSE, Md Mokaddes Ali, Company Secretary of the Bank, Swapna Roy of ICB Capital Management were also present.
According to the DSE, the company's IPO shares have been 13.91 times oversubscribed by eligible investors who submitted applications through the electronic subscription system (ESS). The company completed its IPO subscription from July 5-12, 2021.
