Robi’s IPO Subscription Begins Nov 17

The initial public offering ( IPO) subscription to the shares of the mobile operator company Robi Axiata Ltd will begin on 17 November in accordance with the fixed price method.

Eligible investors (EIs) can participate in the bidding via the electronic subscription system (ESS) of exchanges from 10:00 a.m. to 5:30 p.m. on 23 November.

The Dhaka Stock Exchange (DSE) confirmed the information on its website Wednesday.

Each Qualified Investor (EI) that intends to submit an application via the Electronic Subscription System (ESS) exchange(s) shall, as of 9 November 2020 (day-end) as provided for in Rule 2(1)(e) of the Bangladesh Securities and Exchange Commission (Public Issue) Rules, 2015, hold a minimum investment of one crore taka at market price in the securities listed.

The Central Depository Bangladesh Limited (CDBL) shall send a report to the exchange regarding the holding of EIs in the listed securities and the exchange shall ensure the compliance in this regard.

Participating EIs will be required to pay a full subscription sum (100 per cent) and a subscription fee of 3,000 taka via Social Islami Bank Ltd between 10 a.m. on 17 November and 2:00 p.m. on 23 November (during banking time). The name of the account is Dhaka Stock Exchange Limited and the number of the account is 0021360003343.

Interested EIs have been asked to visit: https:/www.essbangladesh.com for subscription related updates.