Economic Reporter :
Lub-rref (Bangladesh) Limited is going to start its initial public offering (IPO) subscription on 26 January next year.
General investors can apply to buy the company’s primary shares until 1 February.
On 18 November, Lub-rref received the securities regulator’s approval to publish its IPO prospectus with a view to collecting Tk150 crore to expand its business.
According to the book building method of IPO, half of the company’s shares will be issued to eligible institutional investors who have set the cut-off price at Tk30 each through bidding.
The general public can apply to buy the remaining half of the local lubricant company’s shares at a 10% discount on the cut-off price. According to the stock exchanges that operate the electronic bidding platform, institutional investors’ bids ranged from Tk13-60 for each share with a face value of Tk10.
Lub-rref (Bangladesh) Limited is going to start its initial public offering (IPO) subscription on 26 January next year.
General investors can apply to buy the company’s primary shares until 1 February.
On 18 November, Lub-rref received the securities regulator’s approval to publish its IPO prospectus with a view to collecting Tk150 crore to expand its business.
According to the book building method of IPO, half of the company’s shares will be issued to eligible institutional investors who have set the cut-off price at Tk30 each through bidding.
The general public can apply to buy the remaining half of the local lubricant company’s shares at a 10% discount on the cut-off price. According to the stock exchanges that operate the electronic bidding platform, institutional investors’ bids ranged from Tk13-60 for each share with a face value of Tk10.
