Provati Insurance Limited's IPO lottery draw will be on December 15. Refund warrants and share allotment of the applicants will be distributed from Dhaka Zilla Krira Sangstha and Motijheel AGB Colony Community Centre from December 18 to 23.
The IPO of the company received an overwhelming response from the applicants, who deposited more than Tk 5.06 billion (506 crore), 56.23 times the value of the total IPO shares worth Tk 90 million (9 crore) on offer for subscription.
The IPO of the company received an overwhelming response from the applicants, who deposited more than Tk 5.06 billion (506 crore), 56.23 times the value of the total IPO shares worth Tk 90 million (9 crore) on offer for subscription.
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PROVATI INSURANCE COMPANY LIMITED IPO Lottery Result
PROVATI INSURANCE COMPANY LIMITED IPO Lottery Result
"Provati Insurance saw the second such rush for IPO subscription after Grameenphone. The market lot of Provati was suitable for the subscribers, if their capability is taken into account.
The face value of a share is Tk 100 and the market lot contains 50 shares. The company takes no premium.
According to the prospectus of the company, its earning per share (EPS) and net asset value (NAV) per share were Tk 20.29 and Tk 176.29 respectively as of December 31, 2008. Its paid-up capital is Tk 150 million (15 crore).
The face value of a share is Tk 100 and the market lot contains 50 shares. The company takes no premium.
According to the prospectus of the company, its earning per share (EPS) and net asset value (NAV) per share were Tk 20.29 and Tk 176.29 respectively as of December 31, 2008. Its paid-up capital is Tk 150 million (15 crore).
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