Dhaka, Bangladesh (BBN)- The lottery draw for the Initial Public Offering of DBH First Mutual Fund will be held at 10:30 am (local time) Thursday at the Bangabandhu International Conference Centre (BICC) in Dhaka.
The subscription of the public issue of the units of the Mutual Fund for BDT 400 million was oversubscribed by about 13 times and raised approximately BDT 5.30 billion, the company said.
This subscription amount is the largest ever fund collection for a mutual fund public offering in Bangladesh.
The total fund size is BDT 1.20 billion, of which sponsors’ contribution (Delta Brac Housing Finance Corporation Ltd) is BDT 200 million, pre-IPO placement BDT 600 million and public offering BDT 400 million.
The fund is to be managed by LR Global Asset Management Company Limited.
BBN/SS/SI/AD-14January10-9:45 am (BST)
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