Phoenix Finance IPO lottery held
Thursday, 2 August 2007
FE Report
The lottery for allotment of shares against the subscription applications of the IPO of Phoenix Finance and Investments Limited (PFIL) was held at the Bangladesh-China Friendship Conference Centre in the city Tuesday.
The lottery, conducted by BRTC of BUET, was held in the presence of representatives from SEC, DSE, CSE and ICB.
A large number of investors attended the lottery for allotment of 12,50,000 shares of the company valuing Tk 125.0 million which were heavily oversubscribed by more than Tk 2.77 billion.
Among others, PFIL Managing Director A Quadir Choudhury, Vice-Chairman Mohammad Shoeb, and directors MA Majid and Abdur Rahman were also present on the occasion.
The lottery for allotment of shares against the subscription applications of the IPO of Phoenix Finance and Investments Limited (PFIL) was held at the Bangladesh-China Friendship Conference Centre in the city Tuesday.
The lottery, conducted by BRTC of BUET, was held in the presence of representatives from SEC, DSE, CSE and ICB.
A large number of investors attended the lottery for allotment of 12,50,000 shares of the company valuing Tk 125.0 million which were heavily oversubscribed by more than Tk 2.77 billion.
Among others, PFIL Managing Director A Quadir Choudhury, Vice-Chairman Mohammad Shoeb, and directors MA Majid and Abdur Rahman were also present on the occasion.