The New Nation - Internet Edition

BUSINESS REPORT

The lottery for distribution of units of ICB AMCL Second NRB Mutual Fund was held yesterday at the Plenary Hall, Bangladesh China Friendship Conference Center in the city.

Department of Computer Science and Engineering (BUET), Dhaka conducted the lottery of the Fund.

The meeting was attended by the Managing Director of Investment Corporation of Bangladesh (ICB) Md Ziaul Haque Khondker, General Manager of ICB and Chairman of the ICB Asset Management Company Limited MA Motalib Chowdhury, Chief Executive Officer of the ICB Asset Management Company Limited Md Wahiduzzaman Khandaker, Deputy Chief Executive Officer of the ICB Capital Management Limited sponsor of the said fund Ms Nasreen Sultana, representatives from SEC, CDBL, DSE and CSE. A good number of applicants were also present in the lottery.

Total size of the Fund is Tk 100 crore (1,00,00,000 units of Tk 100 each) out of which sponsor's contribution is Tk 10 crore (10,00,000 units) and balance Tk 90 crore (90,00,000 units) have been offered for subscription to the NRB, RB and Mutual Fund applicants. Out of 5,47,018 valid applicants, 5,07,274 applicants were Resident Bangladeshis, 39,731 applicants were Non-Resident Bangladeshis (NRBs) and 13 applicants were Mutual Funds. The Fund has received public subscription for Tk 490.32 crore (Tk 319.71 crore by General Public including Mutual Funds and Tk 170.61 crore by Non-Resident Bangladeshis) against public offer of Tk 90 crore.

The lottery was held in three categories. The result of the lottery could be seen on the website of the company www.icbamcl.com.bd. The date and time of distribution of refund warrants and allotment advice will be notified to the investors through national dailies.