Trading of First Security Bank begins today
Monday, 22 September 2008
FE Report
The trading of First Security Bank Limited begins today (Monday) on both Dhaka Stock Exchange (DSE) and Chittagong Stock Exchange (CSE).
The DSE board in a meeting Sunday approved the debut trading date of the bank, a DSE source said.
This is the 30th bank listed with the prime bourse that offered the largest number of primary shares to the general investors.
The bank which began its operation in 2000 issued 11.5 million shares with the face value of Tk 100 per share to raise Tk 1.15 billion through initial public offering (IPO).
The subscription of the bank's IPO ended on August 2 last.
The paid-up capital of the bank is Tk 1.15 billion and the authorised capital is Tk 3.60 billion.
First Security Bank will be the first listed bank in 2008.
Earlier, in 2007, four private commercial banks--BRAC Bank, Shahjalal Islami Bank, Premier Bank and Trust Bank--got listed on the DSE and CSE.
The rest listed banks-Jamuna Bank, EXIM Bank, Mercantile Bank, Bank Asia, One Bank, Standard Bank, Mutual Trust Bank, Dutch-Bangla Bank, Social Investment Bank, National Credit and Commerce Bank, Dhaka Bank, Southeast Bank, Prime Bank, Al-Arafah Bank, Eastern Bank, ICB Islamic Finance, UCB, Rupali Bank, Pubali Bank, National Bank, IBBL, IFIC Bank, City Bank and AB Bank- got listed between 2006 and 1983.
Banking sector issues remain attractive to the investors during the last few years due to growing profitability and strong financial base of the issues.
Out of 20 top listed companies on the basis of market capitalisation on DSE in the month of August, 12 were from banking sector.
The trading of First Security Bank Limited begins today (Monday) on both Dhaka Stock Exchange (DSE) and Chittagong Stock Exchange (CSE).
The DSE board in a meeting Sunday approved the debut trading date of the bank, a DSE source said.
This is the 30th bank listed with the prime bourse that offered the largest number of primary shares to the general investors.
The bank which began its operation in 2000 issued 11.5 million shares with the face value of Tk 100 per share to raise Tk 1.15 billion through initial public offering (IPO).
The subscription of the bank's IPO ended on August 2 last.
The paid-up capital of the bank is Tk 1.15 billion and the authorised capital is Tk 3.60 billion.
First Security Bank will be the first listed bank in 2008.
Earlier, in 2007, four private commercial banks--BRAC Bank, Shahjalal Islami Bank, Premier Bank and Trust Bank--got listed on the DSE and CSE.
The rest listed banks-Jamuna Bank, EXIM Bank, Mercantile Bank, Bank Asia, One Bank, Standard Bank, Mutual Trust Bank, Dutch-Bangla Bank, Social Investment Bank, National Credit and Commerce Bank, Dhaka Bank, Southeast Bank, Prime Bank, Al-Arafah Bank, Eastern Bank, ICB Islamic Finance, UCB, Rupali Bank, Pubali Bank, National Bank, IBBL, IFIC Bank, City Bank and AB Bank- got listed between 2006 and 1983.
Banking sector issues remain attractive to the investors during the last few years due to growing profitability and strong financial base of the issues.
Out of 20 top listed companies on the basis of market capitalisation on DSE in the month of August, 12 were from banking sector.