The capital market watchdog would welcome more IPOs through which the big businesses would be able to manage long-term financing. Rather, the businesses can gather their capital through IPOs and many employment opportunities are also being created. It gave the nod to AFC Health, Dominage Steel Building Systems and Crystal Insurance to raise Tk 17 crore, Tk 30 crore and Tk 16 crore respectively. Dominage Steel Building Systems raised Tk 30 crore, Crystal Insurance Tk 16 crore, E-Generation Tk 15 crore, NRB Commercial Bank Tk 120 crore, Desh General Insurance Tk 16 crore, Express Insurance Tk 26 crore and Sonali Life Insurance Tk 19 crore, all under the fixed price method. Pragati Life Insurance and National Polymer were allowed to raise Tk 23 crore and Tk 54.7 crore respectively through rights issues.

Source: Dhaka Tribune December 26, 2020 18:00 UTC