Four companies to absorb Tk 0.9b from capital mkt
Tuesday, 4 August 2009
Supply of shares in the country's capital market gets a boost this month with Initial Public Offerings (IPOs) of four companies worth about Tk 900 million (90 crore), reports BSS.
With the approval of the Securities and Exchange Commission (SEC), Marico Bangladesh Limited has already started receiving applications for its 14,92,100 primary shares of Tk 134.3 million (13.43 crore). Submission of application for the IPOs beginning Sunday, will be closed Thursday this week.
Marico, a Mumbai-based multinational company, markets mostly consumer products from India. The offer price of its IPO is Tk 90 each with a premium of Tk 80 on an ordinary share of Tk 10 as face value.
The subscriptions of three other companies - ICB AMCL Second Mutual Fund, Islami Insurance Bangladesh Limited and Dacca Dyeing and Manufacturing Company Limited - will begin from next week one after another, according to the information available from Dhaka Stock Exchange (DSE) website.
With the approval of the Securities and Exchange Commission (SEC), Marico Bangladesh Limited has already started receiving applications for its 14,92,100 primary shares of Tk 134.3 million (13.43 crore). Submission of application for the IPOs beginning Sunday, will be closed Thursday this week.
Marico, a Mumbai-based multinational company, markets mostly consumer products from India. The offer price of its IPO is Tk 90 each with a premium of Tk 80 on an ordinary share of Tk 10 as face value.
The subscriptions of three other companies - ICB AMCL Second Mutual Fund, Islami Insurance Bangladesh Limited and Dacca Dyeing and Manufacturing Company Limited - will begin from next week one after another, according to the information available from Dhaka Stock Exchange (DSE) website.