Robi Axiata Limited, country’s second-largest telecom operator, will make debut on the stock exchanges on Thursday.
According to a Dhaka Stock Exchange web post, trading of the shares of Robi Axiata will commence on December 24, 2020, under 'N' category.
DSE Trading Code for Robi Axiata Limited is ‘ROBI’.
‘We are immensely proud to be on the verge of making our debut in the stock markets with the largest ever IPO,’ said Robi’s chief corporate and regulatory officer Shahed Alam.
The lottery for an initial public offering of Robi Axiata Limited held on December 10 as the IPO shares have been oversubscribed by 5.74 times.
The total subscription by eligible investors and general investors of Robi’s IPO shares was around Tk 2,227 crore against total public offerings worth Tk 387.7 crore.
The subscription for shares of Robi Axiata started on November 17 and continued till November 23. The offer price of IPO shares was Tk 10 each.
Around 12.8 lakh general investors have applied for Robi Axiata Limited’s IPO shares worth Tk 640 crore against 23.2 crore shares worth Tk 232 crore allocated for them.
Besides, eligible investors applied for Robi’s IPO shares worth Tk 1,587 crore against 15.59 crore shares worth Tk 155.96 crore allocated for them.
Earlier on September 23, the BSEC approved Tk 523.79-crore (52.37 crore shares) IPO proposal of Robi Axiata.
Source: https://www.newagebd.net/article/124905/robi-to-make-debut-on-bourse-on-thursday