NRB Bank Limited, a leading 4th generation commercial bank in Bangladesh, on Tuesday began trading on Dhaka Stock Exchange PLC & Chittagong Stock Exchange PLC, under the 'N' category.
The designated trading code for the company is "NRBBANK".
The ‘Listing Agreement Signing Ceremony’ and ‘Share Trading Inauguration Program’ of NRB Bank Limited held at Dhaka Stock Exchange and Chittagong Stock Exchange in Nikunja, Dhaka.
Acting Managing Director of Dhaka Stock Exchange AGM Sattique Ahmed Shah, chairman of NRB Bank Limited Mohammed Mahtabur Rahman, Vice Chairmen Golam Kabir & Mohammed Jamil Iqbal, acting managing director Md Shakir Amin Chowdhury, ex-managing director Mamoon Mahmood Shah, other directors and high officials of Dhaka Stock Exchange, Chittagong Stock Exchange & NRB Bank attended in the share trading inauguration program.
The commencement of share trading begins at Dhaka Stock Exchange by symbolic ringing the bell just at 10.00am.
Later, the respective representatives of DSE, CSE and NRB Bank singed the listing agreement in favor of their organizations.
On February 13, the company successfully allotted the initial public offering (IPO) shares to the investors.
Investors living in the country who applied for IPO shares of the Bank for Tk10,000 got 255 shares each, while non-resident Bangladeshi applicants were granted 210 shares for application amount of Tk10,000.
The cut-off price of the company's shares has been determined at Tk10 in line with the fixed price method.
The bank received overwhelming interest, with a subscription of 3.61 times amounting to Tk360.55 crore against the designated IPO size of Tk100 crore.
This extraordinary response emphasizes the confidence and trust that investors have placed in NRB Bank's vision and potential for growth.
By elevating its capital from the capital market, the bank is poised to achieve a significant milestone in its journey towards enhancing financial strength and resilience.
NRB Bank also remains committed to delivering value to its shareholders and stakeholders, and this overwhelming response serves as a demonstration to its promising future prospects.
NRB Bank extends heartfelt gratitude to the honorable investors who have demonstrated their unwavering support and confidence by subscribing to its IPO.
The bank also expresses gratitude to all regulatory authorities including Capital marker regulators for their supports.
