Robi shares in investors’ accounts
Stocks
Primary shares of Robi Axiata Limited are already in the Beneficiary Owner (BO) accounts of investors, said the Central Depository Bangladesh Ltd.
Earlier on 10 December, a lottery draw to select applicant investors for awarding the company's primary shares was held at a city hotel.
Out of 12.8 lakh interested individual investors, 4.65 lakh were selected as winners of the Initial Public Offering (IPO) lottery.
Robi is now set to debut on the stock market through the largest ever IPO in the country's history.
The company sold primary shares at a face value of Tk10 each to raise Tk524 crore through the IPO.
Tk388 crore was taken from external investors and Tk136 crore from its own employees under the Employee Stock Purchase Plan (ESPP).
Of the offer to the external investors, 40% or Tk155 crore is being collected from eligible institutional investors, where the company received ten times the response than it needed.
Around 1.3 lakh new BO accounts were opened in November ahead of the IPO subscription of Robi.
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