The Rani Rerolling Mills Limited (RRM), a leading steel and re-rolling mill of the country has decided to float ordinary shares through IPO to raise capital for financing its diversification and expansion programme, said a press release.
AIBL Capital Management Ltd (AIBL CML) a full-fledged merchant bank and a subsidiary of Al-Arafa Islami Bank Ltd will work as Manager-to-the Issue to manage the IPO.
An Issue Management and Corporate Advisory Service agreement was signed in this regard between the two companies yesterday in the conference room of Al-Arafa Islami Bank Ltd.
Md Golam Sarwar Bhuiyan, CEO of AIBL CML and Sumon Chowdhury, Managing Director of The Rani Re-rolling Mills Ltd signed the agreement on behalf of their respective organisations.
Badiur Rahman, Chairman, Md Habibur Rahman, Managing Director, Al-Arafah Islami Bank Ltd were also present at the signing ceremony.
AIBL CML signs IM deal with Rani Rerolling Mills Ltd
FE Team | Published: April 07, 2015 00:00:00 | Updated: November 30, 2026 06:01:00
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