According to the rules of the book building method, the shares will be sold to general investors at 10% discount or at Tk10 per shareThe cut-off price of each share in Delta Hospital Limited has been set at Tk11 after bidding by eligible institutional investors. At the end of the bidding process, with a proposed rate between Tk46 and Tk11, the cut-off price was set at Tk11. The Bangladesh Securities and Exchange Commission (BSEC) in February allowed the company to explore its cut-off price. As per the regulatory approval, the company will raise Tk50 crore using the book building method to expand its business and repay bank loans. General public and non-resident Bangladeshis (NRBs) are allowed to purchase 40% and 10% shares respectively at 10% discount on the cut-off price.

Source: Dhaka Tribune May 31, 2020 10:52 UTC