Dhaka, Bangladesh (BBN) - The IPO lottery of LR Global Bangladesh Mutual Fund One was held in the capital Dhaka on Sunday.
The total size of the Fund was BDT 3.0 billion sponsored by AB Bank Ltd, The City Bank Ltd, Green Delta Insurance Company Ltd, IDLC Finance Ltd, International Leasing & Financial Services Ltd, Popular Life Insurance Company Ltd and Trust Bank Ltd.
The Sponsor's contribution was BDT 500 million while BDT 1.0 billion was raised through Pre IPO & BDT 1.5 billion was collected through IPO, a company statement said.
Reaz Islam, CEO of LR Global Bangladesh Asset Management Company Ltd. (Asset Manager), Mr. Adnan Alam of Bangladesh General Insurance Company Limited (Trustee), , Mr. Swades Saha, Managing Director of SATCOM IT Ltd. (Post Issue Manager), representatives from Dhaka Stock Exchange Limited (DSE), Chittagong Stock Exchange Limited (CSE), Central Depository Bangladesh Limited (CDBL) attended.
Moreover, a substantial number of general investors attended the lottery program conducted by the Bureau of Research, Testing and Consultation (BRTC, BUET).
BBN/SSR/AD-22Aug11-12:19 pm (BST)