DBH First Mutual Fund lottery today
Thursday, 14 January 2010
FE Report
The lottery draw for the Initial Public Offering of DBH First Mutual Fund will be held at 10:30 am today (Thursday) at the Bangabandhu International Conference Centre (BICC), says a press release.
The subscription of the public issue of the units of the Mutual Fund for Tk 400 million was oversubscribed by about 13 times and raised approximately Tk 5.30 billion.
This subscription amount is the largest ever fund collection for a mutual fund public offering in Bangladesh.
The total fund size is Tk 1.20 billion, of which sponsors' contribution (Delta Brac Housing Finance Corporation Ltd) is Tk 200 million, pre-IPO placement Tk 600 million and public offering Tk 400 million.
The fund is to be managed by LR Global Asset Management Company Limited.
The lottery draw for the Initial Public Offering of DBH First Mutual Fund will be held at 10:30 am today (Thursday) at the Bangabandhu International Conference Centre (BICC), says a press release.
The subscription of the public issue of the units of the Mutual Fund for Tk 400 million was oversubscribed by about 13 times and raised approximately Tk 5.30 billion.
This subscription amount is the largest ever fund collection for a mutual fund public offering in Bangladesh.
The total fund size is Tk 1.20 billion, of which sponsors' contribution (Delta Brac Housing Finance Corporation Ltd) is Tk 200 million, pre-IPO placement Tk 600 million and public offering Tk 400 million.
The fund is to be managed by LR Global Asset Management Company Limited.