Dhaka, Bangladesh (BBN) - GPH Ispat Limited IPO Lottery was conducted in the country’s port city Chittagong on Wednesday.
The IPO Lottery was conducted under the management of the Bureau of Research, testing and Consultation (BRTC). BRTC is the consultation wing of the Bangladesh University of Engineering & Technology (BUET)
GPH received BDT 1.49 billion against BDT 600 million, though its subscription received, when the stock market was running at lowest index in recent years.
1,60,00,000 shares were allocated for resident Bangladeshi 20,00,000 shares for Non Resident Bangladeshi and 20,00,000 shares for Mutual funds, according to reports.
BBN/SSR/AD-08Mar12-8:50 am (BST)
