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Indo-Bangla Pharma IPO lottery in city today

Published : Tuesday, 11 September, 2018 at 12:00 AM Count : 598
Business Desk

The initial public offering (IPO) lottery programme of Indo-Bangla Pharmaceuticals Limited (Indo-Bangla Pharma) will be conducted at Institution of Engineers Bangladesh (IEB) auditorium in the city's Ramna area at 10:30am today (September 11, 2018).
Meanwhile, the final status of the company's IPO is total subscription received from Resident Bangladeshi (GP) = Tk 4,568,510,000.00, Affected Small Investors (ASI) = Tk 484,265,000.00, NRB = Tk 302,550,000.00, Eligible Investors (MF & CIS) = 134,000,000.00 and Eligible Investors (other than MF & CIS) = Tk 1,358,825,000.00.
Its total subscription received is Tk 6,848,150,000.00 against Public Issue of IPO of Tk 200,000,000.00 which is oversubscribed by 34.24 times.

Legacy Foot board meets Sept 17Legacy Footwear Limited (Legacy Foot) has organised its board meeting at the company's head office in the city at 4:00pm on September 17, 2018.
The Legacy Foot board members will consider, among others, its audited financial statements for the year that concluded on June 30, 2018 in the meeting.

Trading of co sharesTrading of the following companies' shares will be allowed only in the Spot Market and Block transactions will also be settled as per Spot settlement cycle with cum benefit from today (September 11) to tomorrow (September 12, 2018).
The companies are Dragon Sweater & Spinning Limited and Sandhani Life Insurance Company Limited. Trading of their shares will remain suspended on record date on September 13, 2018.

Trading of fund unitsTrading of the following funds' units will be allowed only in the Spot Market and Block transactions will also be settled as per Spot settlement cycle with cum benefit from today (September 11) to tomorrow (September 12, 2018).
The funds are First Janata Bank Mutual Fund, AB Bank 1st Mutual Fund, EBL NRB Mutual Fund, PHP 1st Mutual Fund, Popular Life 1st Mutual Fund, EXIM Bank 1st Mutual Fund, First Bangladesh Fixed Income Fund, IFIC Bank 1st Mutual Fund, Trust Bank 1st Mutual Fund and EBL First Mutual Fund.        
Trading of their units will remain suspended on record date on September 13, 2018.

PBL director to transfer sharesAbdur Razzak Mondol, director (nominated by That's It Fashions Limited) of Pubali Bank Limited (PBL), will transfer 3,15,000 shares of the bank to his son Md Rakibul Hasan, by way of gift outside the trading system of the exchange within next 30 working days from the date of issuance of approval letter by Dhaka Stock Exchange Limited (DSE).    SOURCE: DSE/CSE



Cos credit rating results

Orion Pharma: Credit Rating Agency of Bangladesh Limited (CRAB) has announced the Entity rating (Surveillance) of Orion Pharma Limited (Orion Pharma) as 'A1' along with a stable outlook based on its un-audited financial statements as of March 31, 2018 and audited financial statement up to June 30, 2017; bank liability position as of April 30, 2018 and other relevant quantitative as well as qualitative information up to the date of rating declaration.


Cos withdraw authorised reps
HABS: Haji Ahmad Brothers Securities Limited (HABS) -- DSE TREC No. 41 -- has withdrawn one of its authorised representatives, Mohammad Rabiul Awal, with immediate effect.
ESL: EBL Securities Limited (ESL) -- DSE TREC No. 26 -- has withdrawn one of its authorised representatives, Ganesh Chandra Das, with immediate effect.
UCML: UCB Capital Management Limited (UCML) -- DSE TREC No. 181 -- has withdrawn one of its authorised representatives, Ashfaque Mahmood, with immediate effect.

Sale intention of NHFIL shares
Syed Ali Jowher Rizvi, director of National Housing Finance and Investment Limited (NHFIL), will sell his entire holding of 28,84,860 shares of the company at prevailing market price (In the Public Market) through stock exchange (DSE) within next 30 working days.
Syed Rizvi has already resigned from the Board of Directors of the company.



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