IPO subscription of BD National Insurance begins June 30

FE Report


http://bangladeshiiponews.blogspot.com/



Initial public offering (IPO) subscription of Bangladesh National Insurance Company Limited (BNICL) will begin next week to raise Tk 177 million from the public, officials said.

IPO subscription of the company will begin June 30 and remain open till July 9, 2015 for resident Bangladeshis and non-resident Bangladeshis (NRBs) under the mandatory new IPO method.

The insurer is set to float 17.7 million ordinary shares at an offer price of Tk 10 each.

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