Dhaka Monday May 25, 2009
The Securities and Exchange Commission granted its approval to the prospectus and public offering of the Tk. 100 crore EBL FIRST MUTUAL FUND on May 25, 2009. Of the total Tk. 100 crore, Tk. 20 crore already came from Eastern Bank (Sponsor of the fund) and Tk. 60 crore came from pre-IPO placement to various institutions and parties. The remaining Tk. 20 crore will be raised through the Initial Public Offering (IPO). For the IPO round, Tk. 2.00 crore has been reserved for mutual funds and other collective investment schemes, Tk. 2.00 crore reserved for Non-Resident Bangladeshis, Tk.16.00 crore has been reserved for Resident Bangladeshis.
Following the SEC’s approval, the abridged version of the prospectus was published on 26 May, 2009 in two national dailies - “The Financial Express” and “The Daily Naya Diganta”.
Copies of the prospectus is available at our registered office located at Akram Tower, 7th floor, Suite # 03, Shahid Nazrul Islam Avenue (15/5, bijoy Nagar), Dhaka- 1000. Interested parties may also download the prospectus & IPO form from our website (www.racebd.com).
The subscription period will start on June 21, 2009 and will close on June 25, 2009 for resident Bangladeshis and on July 04, 2009 for non-resident Bangladeshis. |
