IPO subscription dates of 3 cos declared

The initial public offering (IPO) subscription of National Feed Mill Limited (NFML) will begin this month while public subscription of C & A Textiles Ltd and IFAD Autos Ltd will take place next month. In addition to the existing IPO application process, Bangladeshi nationals can also apply through their stockbroker/merchant bankers. However, non-resident Bangladeshis and foreign investors have to apply through the existing method. National Feed Mill: The public subscription will begin from October 26 and remain open till October 30 for resident Bangladeshi and it will continue till November 8 for non-resident Bangladeshi (NRB). With the market lot of 500 shares ot price is Tk 5,000. The securities regulator-Bangladesh Securities and Exchange Commission (BSEC) approved IPO proposal of the National Feed Mill on August 26 this year. As per the regulatory approval, National Feed Mill Ltd will offload 18 million ordinary shares at an offer price of Tk 10 and raise a fund worth Tk 180 million from public using the fixed price method.
    — FE Report