With the participation of institutional investors, the selling price of the company’s shares will be fixed through bidding processThe Bangladesh Securities and Exchange Commission (BSEC) has approved a proposal to discover cut-off price of Mir Akhter Hossain Limited’s shares through book building method for raising Tk125 crore from the capital market through an initial public offering (IPO). With the participation of institutional investors, the selling price of the company’s shares will be fixed through bidding process. Mir Akhter Hossain Ltd (Mir Akhter) started its journey in the field of Construction Industry in 1968. The company will raise Tk23 crore by issuing 15.31 crore right shares. Shareholders will get one share against each share (Tk 10) with Tk 5 premium .

Source: Dhaka Tribune August 13, 2020 13:07 UTC