Business Desk :
Robi Axiata Ltd has held the lottery draw for its initial public offering or IPO in Bangladesh’s capital market through a digital platform.
As many as 465,290 applicants emerged as winners in the lottery, held in association with Bangladesh University of Engineering and Technology at Lakeshore Hotel in Dhaka on Thursday.
More than 1.28 million investors applied for the Robi IPO in three categories – general investors, those who have suffered losses and expatriates, said Shahed Alam, Robi’s chief corporate and regulatory officer.
Among the 1.08 million general applicants, 310,914 won the lottery, while 77,548 came out winners from 94,573 loss-making applicants. Of the 97,692 expatriate applicants, 465,290 won the lottery.
The results of the draw will be published on the websites of Robi, Dhaka and Chattogram Stock Exchanges and IDLC Investments, the issue manager of the IPO.
“We are particularly inspired by the interest of general investors to become partners. We extend our gratitude to everyone involved in Robi’s IPO process. It would not have been possible for us to come this far without your cooperation,” said Mahtab Uddin Ahmed, managing director and chief executive officer of Robi.
“All listed companies are provided with some forms of benefit. Taking that into account, we also wanted a 2 percent minimum turnover tax and a 10 percent exemption from the corporate tax rate,” Mahtab said.
Robi Axiata Ltd has held the lottery draw for its initial public offering or IPO in Bangladesh’s capital market through a digital platform.
As many as 465,290 applicants emerged as winners in the lottery, held in association with Bangladesh University of Engineering and Technology at Lakeshore Hotel in Dhaka on Thursday.
More than 1.28 million investors applied for the Robi IPO in three categories – general investors, those who have suffered losses and expatriates, said Shahed Alam, Robi’s chief corporate and regulatory officer.
Among the 1.08 million general applicants, 310,914 won the lottery, while 77,548 came out winners from 94,573 loss-making applicants. Of the 97,692 expatriate applicants, 465,290 won the lottery.
The results of the draw will be published on the websites of Robi, Dhaka and Chattogram Stock Exchanges and IDLC Investments, the issue manager of the IPO.
“We are particularly inspired by the interest of general investors to become partners. We extend our gratitude to everyone involved in Robi’s IPO process. It would not have been possible for us to come this far without your cooperation,” said Mahtab Uddin Ahmed, managing director and chief executive officer of Robi.
“All listed companies are provided with some forms of benefit. Taking that into account, we also wanted a 2 percent minimum turnover tax and a 10 percent exemption from the corporate tax rate,” Mahtab said.
