The IPO will stay open for both resident and non-resident Bangladeshis till January 20. The company will float 34,895,833 ordinary shares, of which eligible investors have already subscribed to 20,833,332 shares, or 60% of the total shares. The IPO cut-off price for the general public is Tk 40. By the book-building method, EKCL offered 40% of its total shares to eligible investors at a price of Tk 45. Prime Finance Capital Management Limited is the IPO issue manager, while ICB Capital Management Limited will act as the registrar.

Source: Dhaka Tribune January 05, 2019 17:03 UTC