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November 16, 2009
Trading of the shares of
Grameenphone Ltd begins at
the Dhaka and Chittagong
stock exchanges today.
The mobile phone operator
will make its debut at the
bourses under ‘N’ category
that groups newly listed
companies, said sources in
the bourses.
Earlier, the country’s
largest mobile phone operator
floated 6,94,39,400 ordinary
shares to raise Tk 486.08
crore through an initial
public offering.
This was the largest IPO
offered by any company in the
history of the country’s
stock market.
The subscription of the IPO
of Grameenphone began on
October 4. The subscription
closed for the local people
on October 8. For the non-
resident Bangladeshis, it
closed on October 18. The
lottery for the allotment of
the shares was held on
October 28.
The face value of the shares
of the company is Tk 10 each.
The issue price was Tk 70
with a premium of Tk 60.
Market lot has been fixed at
200 shares.
On August 20, the Securities
and Exchange Commission, the
stock market regulator, gave
its final nod to the private
telecom company’s application
for floating its IPO.
Source: Newage
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