MJL( Mobil Jamuna Limited) to raise Tk 609 crore through Initial Public Offering (IPO)
The Securities and Exchange Commission (SEC) on Thursday approved Mobil Jamuna Limited Bangladesh’s Tk 609 crore initial public offering, the biggest ever IPO in the country’s capital market.
‘The new issues will help to cool down the market, increasing supply of shares to the market . The MJL Bangladesh IPO will topple a Tk 486.08-crore Grameenphone IPO from the top seat.
MJL Bangladesh will raise Tk 609 crore by issuing 4 crore shares through book building method with an indicative price of Tk 152.40 for each share. The face value of the company’s share is Tk 10 each. Prime Finance and Investment is the issue manager of the company’s IPO. The paid up capital of the company is Tk 140 crore.