News Briefs--(4-7-2018)

Aman Cotton IPO lottery draw today

The IPO lottery draw of Aman Cotton Fibrous will be held today (Wednesday) to allocate 8.33 million ordinary shares to the successful applicants. The initial public offering (IPO) lottery draw will be held at 10:30am at The Institution of Engineers, Bangladesh in the city, officials said. The results will be published on the websites of Dhaka Stock Exchange (DSE), Chittagong Stock Exchange (CSE), the company and the issue manager. Aman Cotton floated a total of 20.83 million ordinary shares and raised a fund worth Tk 800 million from the capital market under the book-building method. Of the total 20.83 million shares, 12.50 million shares issued to eligible investors at the cut-off price of Tk 40 each which was set by the eligible investors through electronic bidding in November last year.

— FE Report