The lottery draw of National Feed Mill Ltd (NFML) will be held today (Thursday) to allocate shares among the investors, officials said.
The initial public offering (IPO) of NFML was oversubscribed by almost 47 times against the offer.
Investors subscribed shares worth over Tk 8.44 billion against the offer of Tk 180 million, according to the Chittagong Stock Exchange (CSE).
The lottery will be held at 10:30am at seminar Hall of Institution of Engineers, Ramna Dhaka. Bangladesh University of Engineering and Technology (BUET) will conduct IPO lottery.
The IPO subscription of the company was held on October 26 form October 30 for resident Bangladeshi and it was continued till November 8 for non-resident Bangladeshi (NRB). A market lot is 500 shares.
The securities regulator -- Bangladesh Securities and Exchange Commission (BSEC) approved IPO proposal of the National Feed Mill on August 26, this year.
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