Economic Reporter :
NRB Commercial Bank Limited is going to open its initial public offering (IPO) subscription today aiming to raise Taka 120 crore from investors in the stock market.
The investors would be able to buy the company’s primary shares till the evening of February 9. The IPO will be offered to the public at a face value of Taka 10 per share, said NRBC Bank officials.
The bank will use Taka 110 crore of this fund for government securities, Taka 6.05 crore for the secondary market and Taka 3.95 crore as IPO expenses.
While talking to the reporter, NRBC Bank Chairman Parvez Tamal said, “The bank’s compliance will further enhance through its listing in the stock market, which is good for us. From now on, it will be a bank having its ownership with the shareholders,” he added.
Parvez Tamal said that bringing the general people under the banking services is the main agenda of the bank.
