Stakeholders of RAK Ceramics to hold mock-test
Tuesday, 2 February 2010
FE Report
The institutional stakeholders of the RAK Ceramics, will hold a two-day mock-test of the newly introduced book building software on February 7. Organised by the Dhaka Stock Exchange (DSE) the software was developed to run the operation of bidding of the securities by members of the public.
During demonstration on book building the DSE said Tuesday that among four international software development companies, the Dubai based company Infotech was selected to develop the software for running its operation. Infotech completed development of the software on January 31.
To run the operation of the RAK Ceramics, 350 stakeholders are being trained to participate in the bidding operation of the RAK Ceramics.
The DSE said anyone could watch the site www.bbsbangladesh.com, which has been developed for book building system in Bangladesh. Only authorized stakeholders will be eligible for bidding after fulfilling the required criterion with their individual passwords.
Firstly the stakeholders have to fill a form in the website to participate in the bidding of the RAK Ceramics or other securities, which would offload their shares through booking method. If the stakeholder is eligible to participate in the bidding, he would receive a password and by using this password he could participate in the bidding.
"It's a complete independent and dependable software the Infotech chief architect Amir Raza Khan said at the demonstration on the book building software.
DSE president Md. Rakibur Rahman, DSE chief executive officer Satipati Moitra, IDLC chief executive officer and managing Arif Khan were present during the demonstration.
The institutional stakeholders of the RAK Ceramics, will hold a two-day mock-test of the newly introduced book building software on February 7. Organised by the Dhaka Stock Exchange (DSE) the software was developed to run the operation of bidding of the securities by members of the public.
During demonstration on book building the DSE said Tuesday that among four international software development companies, the Dubai based company Infotech was selected to develop the software for running its operation. Infotech completed development of the software on January 31.
To run the operation of the RAK Ceramics, 350 stakeholders are being trained to participate in the bidding operation of the RAK Ceramics.
The DSE said anyone could watch the site www.bbsbangladesh.com, which has been developed for book building system in Bangladesh. Only authorized stakeholders will be eligible for bidding after fulfilling the required criterion with their individual passwords.
Firstly the stakeholders have to fill a form in the website to participate in the bidding of the RAK Ceramics or other securities, which would offload their shares through booking method. If the stakeholder is eligible to participate in the bidding, he would receive a password and by using this password he could participate in the bidding.
"It's a complete independent and dependable software the Infotech chief architect Amir Raza Khan said at the demonstration on the book building software.
DSE president Md. Rakibur Rahman, DSE chief executive officer Satipati Moitra, IDLC chief executive officer and managing Arif Khan were present during the demonstration.