Book building method to encourage companies to enlist with stock exchange Book Building Method, a new system of modern pricing mechanism for IPOs, would encourage companies to enlist with stock exchanges as it ensures fair pricing of initial public offerings (IPO).
This was told by President of Dhaka Stock Exchange (DSE) Md. Rakibur Rhaman at a seminar on `Book Building Method and IPO’ at a city hotel here today.
He said the book building method will play a significant role in encouraging entrepreneurs to list their firms, said a press release.
Book building is a method through which companies determine the values of their IPO’s based on the bidding prices from the institutional investors.
RAK Ceramics (Bangladesh), a Bangladesh-UAE joint venture, organized the seminar. Managing Director of RAK Ceramics SAK Ekramuzzaman gave vote of thanks.
A multimedia presentation on the maiden book-building method was screened at the seminar, joined, among others, by chairman of RAK Ceramics Dr. Khater Massaad.
Massaad said the RAK could be turned into a large industry in Bangladesh. He said the book building method might generate huge employment opportunities for the country’s unemployed youths if due importance is given on it.
The RAK Ceramics (Bangladesh) is going to be the first to offer primary shares using the book building method. The joint venture company has already got approval from the Security Exchange Commission in this regard.
M. Shahidul Islam,
Company Secretary
RAK Ceramics (Bangladesh) Ltd.
For Further Information: RAK Ceramics, House No 5, Road No.1/A, Sector 3 Uttara, Dhaka 1230.
Tel: 880-2-8917393
