Interesting news IPO lottery of United Power Generation today

Initial public offering (IPO) lottery of United Power Generation & Distribution Company Limited will be held today (Thursday) to allocate shares among the investors, officials said. The lottery will be held at 10:30am at the Institution of Engineers, Bangladesh, Ramna, Dhaka, said a web post on Chittagong Stock Exchange (CSE) Wednesday. The securities regulator -Bangladesh Securities & Exchange Commission (BSEC) had given its consent to United Power Generation & Distribution Company to go public under book building method (BBM) in November last year. Under the book building method, United Power Generation & Distribution Company offloaded 33 million ordinary shares at an offer price of Tk 72, including a premium of Tk 62 for each Tk 10 share.    — FE Report

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