Dhaka, Bangladesh (BBN)- The IPO lottery on the DBH’s First Mutual Fund took place on Thursday at Bangabandhu International Conference Centre in Dhaka.

Presided over by Chief Executive Officer (CEO) of LR Global AMC, Reaz Islam the function was attended, among others by, Managing Director of DBH Q. M. Shariful Ala and representatives of Securities Exchange Commission (SEC) and Dhaka Stock Exchange (DSE), the company said.

The IPO lottery selected the investors of the public issue of units of the company’s first mutual fund which was oversubscribed by about more than 13 times i.e., over BDT 5.30 billion.

The Delta Brac Housing Company Ltd. (DBH) as per the final approval from the Securities and Exchange Commission (SEC) floated the DBH First Mutual Fund of BDT 1.20 billion in which the amount of IPO is BDT 400 million.

BBN/SS/SI/AD-16 January10-10:02 pm (BST)