The Bangladesh Securities and Exchange Commission office in Dhaka Syed Zakir Hossain/Dhaka TribuneThe IPO draw results will be published on the DSE, CSE, and EKCL's websitesThe lottery draw of the initial public offering (IPO) of Esquire Knit Composite Limited (EKCL) will be held on Thursday at 10.30 am at Dhaka's Institution of Engineers, Bangladesh. The IPO draw results will be published on the websites of the Dhaka Stock Exchange (DSE), Chittagong Stock Exchange (CSE), and the company. The company will float 34,895,833 ordinary shares, of which eligible investors have already subscribed to 20,833,332 shares—60% of the total shares. EKCL offered 40% of its total shares to eligible investors at a price of Tk45, as per the book-building method. Prime Finance Capital Management Limited is the IPO issue manager, while ICB Capital Management Limited will act as the registrar.

Source: Dhaka Tribune February 06, 2019 16:18 UTC