BBS Cables Limited's initial public offering (IPO) lottery draw will be held tomorrow on Thursday.
Approved for the collection of capital in the fixed price system from the capital market.This information was found in the company sources on Wednesday.It is known that this lottery draw will be held in the engineering institute auditorium of the capital at 10am tomorrow. Application for BBS Cables Limited, approved by IPO, begins on May 23. Until 4th June. At the time of the discussion, almost 48 times the application was submitted to the company's IPO. Earlier, on April 13, the company's IPO was approved by the Bangladesh Securities and Exchange Commission (BSEC), a regulatory body of the capital market regulator.At the IPO, the company sells shares at a face value of Tk 10. The company will withdraw 20 million taka by selling 20 million shares in the market.This will cost the expenditure on business expansion, new machineries, building construction, debt repayment and IPO costs.
