Mir Akhter's share-bidding to open on Sept 27

The bidding for the shares of Mir Akhter Hossain Ltd will commence on September 27.

The bidding period for eligible investors (EIs) to determine the cut-off price of shares of the company through electronic subscription system (ESS) will commence from 5pm on September 27 and will continue till 5pm on September 30 (round the clock).

The valuation report submission period for EIs will start at 10:30am on October 1 and continue till 10:30am on October 5.

The Dhaka Stock Exchange (DSE) confirmed the information on its website Wednesday adding that the bidding will be conducted through the book building method.

Each EI who intends to participate in the electronic bidding shall maintain a minimum investment of one crore taka only in listed securities as on the end of September 17, 2020.

The minimum tick size (minimum bidding value) for bidding shall be 50 lakh taka which is in accordance with the BSEC consent letter to Mir Akhter Hossain Ltd dated August 23, 2020.

Participating EIs will be required to pay full bid amount (100%) and bidding fee 5,000 taka through the City Bank Ltd in between 10am of September 27 to 2pm of September 30 (during banking hour). The account name is--Dhaka Stock Exchange Limited and the account number is--1121063938001)

Interested EIs have been requested to visit: https://www.essbangladesh.com for further updates on the bidding.