Third ICB NRB MF to make debut this week
Monday, 17 May 2010
FE Report
The Dhaka Stock Exchange (DSE) listing sub-committee has recommended listing of Third ICB NRB Mutual Fund with the bourse.
The 10-year fund having size of Tk 1.0 billion is expected to make debut this week, sources said. Its each unit price is Tk 10.
The recommendation, which was made at a meeting of the committee held Sunday, was forwarded to the DSE board, highest policy making body for its listing approval and fixing debut trading day.
Of the total size, 80 per cent has been allocated for public and 10 per cent for sponsor and pre-IPO placement each.
The fund will be the 26th mutual fund to be listed with DSE. Mutual fund accounts for 1.39 per cent of the DSE's total market capitalisation.
The Dhaka Stock Exchange (DSE) listing sub-committee has recommended listing of Third ICB NRB Mutual Fund with the bourse.
The 10-year fund having size of Tk 1.0 billion is expected to make debut this week, sources said. Its each unit price is Tk 10.
The recommendation, which was made at a meeting of the committee held Sunday, was forwarded to the DSE board, highest policy making body for its listing approval and fixing debut trading day.
Of the total size, 80 per cent has been allocated for public and 10 per cent for sponsor and pre-IPO placement each.
The fund will be the 26th mutual fund to be listed with DSE. Mutual fund accounts for 1.39 per cent of the DSE's total market capitalisation.