Coppertech to allocate 20m IPO shares

Coppertech Industries will allocate 20 million ordinary shares among the successful applicants as the company's IPO lottery draw was held on Tuesday.

The lottery draw was held at 10:30am at The AGB Colony Community Center, Motijheel in Dhaka.

The result has been published on the websites of Dhaka Stock Exchange (DSE), Chittagong Stock Exchange (CSE) and the company after the programme.

The securities regulator-Bangladesh Securities and Exchange Commission (BSEC) approved the IPO proposal of Coppertech on December 26, 2018.

The company raised a capital worth Tk 200 million by offloading 20 million ordinary shares under the fixed price method.

[email protected]