Public subscription of BBS Cables to begin May 23

Initial Public Offering (IPO) lottery of Nurani Dyeing and Sweater will be held tomorrow (Tuesday) to allocate 43 million ordinary shares among the successful applicants, officials said.
Meanwhile, IPO subscription of BBS Cables, a sister concern of Bangladesh Building Systems, will begin on May 23, which will raise Tk 200 million from the public using the fixed price method.
The lottery programme of Nurani Dyeing will be held at 10:30am at the auditorium of Institute of Engineers, Bangladesh (IEB) in Dhaka.
After the lottery programme, IPO result will be published on the websites of Dhaka Stock Exchange (DSE), Chittagong Stock Exchange (CSE) and the company.
The sweater manufacturer's IPO subscription was held between April 2 to April 10 for resident and non-resident Bangladeshis.
BBS Cables: IPO subscription of BBS Cables, a sister concern of Bangladesh Building Systems, will begin on May 23, which will raise Tk 200 million from the public.
The IPO subscription will continue till June 4 for resident and non-resident Bangladeshis.
As per the securities regulator's approval, the company will float 20 million ordinary shares of Tk 10 each.
A market lot is 500 shares and an investor needs Tk 5,000 to apply for per lot of BBS Cables IPO.
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Source: The Financial Express


 

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