FE Report
The initial public offering (IPO) subscription of ICB AMCL First Agrani Bank Mutual Fund and Aamra Networks will begin from August 1 and August 6 respectively, officials said.
Aamra Networks: IPO subscription of Aamra Networks, which will raise a capital worth Tk 562.50 million under book building method, will begin August 6.
The IPO subscription will be opened till August 16 for resident and non-resident Bangladeshis, according to the company's IPO prospectus.
The securities' regulator - Bangladesh Securities & Exchange Commission (BSEC) approved the IPO proposal of Aamra Networks on June 13 to the raise the said amount.
As per the regulatory approval, Aamra Networks will raise a capital worth Tk 562.50 million by floating more than 15 million ordinary shares under the book building method.
ICB AMCL MF: IPO subscription of ICB AMCL First Agrani Bank Mutual Fund, a closed-end mutual fund, will begin on August 1 which will be continued till August 10 for resident and non-resident Bangladeshis.
The securities' regulator approved the draft prospectus of ICB AMCL First Agrani Bank Mutual Fund on January 25. The total size of the fund is Tk 1.0 billion.
As per the regulatory approval, of the total size of the mutual fund, Tk 500 million will come from sponsors, whereas remaining Tk 500 million will be collected through public offering.
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