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 RAK Ceramics IPO lottery held

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Posts : 98
Join date : 2010-05-25

PostSubject: RAK Ceramics IPO lottery held   Tue May 25, 2010 1:33 pm

Star Business Desk

The IPO lottery of RAK Ceramics ended in Dhaka yesterday, the company said in a statement.

Bureau of Research, Testing and Consultation, the consultation wing of Bangladesh University of Engineering and Technology, conducted the lottery.

More than 3.45 crore ordinary shares were allocated at the public offer price of Tk 48, with Tk 10 in face value.

The institutional quota for shares of the Bangladesh-UAE joint venture was oversubscribed by more than 15 times.
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RAK Ceramics IPO lottery held
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