Robi’s IPO subscription begins Nov 17

The initial public offering (IPO) subscription for the shares of mobile operator company Robi Axiata Ltd will commence on November 17, under the fixed price method.

Eligible investors (EIs) can take part in the bidding through electronic subscription system (ESS) of the exchanges from 10am on November 17 to 5:30pm on November 23.

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

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

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 full subscription amount (100%) and subscription fee of 3,000 taka through Social Islami Bank Ltd in between 10am of November 17 to 2:00pm of November 23 (during banking hour). The account name is Dhaka Stock Exchange Limited and the account number is 0021360003343.

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