Green Delta Mutual Fund is going to release its IPO very soon in the capital market. The applicant shall provide the same bank account number in the application form as it is in the Beneficiary Owners account of applicant. Otherwise the application will be considered invalid and the subscription money may be forfeited.
All the applicants shall first be treated as applied for one minimum market lot of 500 (five hundred) units worth TK. 5,000 (five thousand taka) only. If, on this basis, there is oversubscription, then lottery shall be held amongst the applicants allocating one identification number for each application, irrespective of application money. In case of oversubscription under any of the categories mentioned hereinabove, the issuer and the Asset Manager shall jointly conduct an open lottery of all the applications received under each category separately in presence of representatives from the SEC, theStock Exchange(s), Sponsor, Trustee, Asset Manager and applicants, if there be any.
An applicant cannot submit more than two applications, one in his/her own name and another jointly with another person. In case an applicant makes more than two applications, all applications will be treated as invalid and will not be considered for allotment purpose. In addition, whole or part of application money may be forfeited by the Commission. Lottery (if applicable) will be held within 4 (four) weeks from closure of the subscription date. The Asset Management Company shall furnish the List of Allotees to the Commission and the Stock Exchange(s) simultaneously in which the units will be listed, within 24 (twenty four) hours of allotment.
Unit Certificates for 100% of the Sponsor’s contribution amounting to Tk. 15,00,00,000 (fifteen crore taka) only shall be subject to a lock-in period of one year from the date of listing in the Stock Exchange(s) and 1/10th of the Sponsor’s contribution amounting to Tk. 1,50,00,000 (one crore fifty lac taka) only shall be subject to a lock-in period of full time of the Fund. All Pre-IPO placement will be in 1(one) year lock-in period from the date of listing of the Fund. If the Asset Management Company fails to collect the minimum 60% of the targeted amount under wewa 48 of the wmwKDwiwUR I G•‡PÄ Kwgkb (wgDPz¨qvj dvÛ) wewagvjv, 2001, it will refund the subscription money within 5 (five) weeks from the closure of subscription without any deduction. In case of failure, the Asset Management Company shall refund the same with an interest @ 18% per nnum
from its own account within the next month. In case of oversubscription, the excess amount shall be refunded within 5 (five) weeks from the closure of subscription period, failing which the Asset Management Company will refund the same with an interest @18% per annum from its own account within the next month. The Asset Management Company shall publish a notice through the newspaper to all successful applicants within 5 (five) weeks from the closing of subscription for collection of allotment letters. The Asset Management Company shall apply for listing of the Fund with stock exchange(s) within 7 (seven) working days of first publication of the Prospectus. Declaration about Listing of Fund with the Stock Exchange(s): “None of the stock exchange(s), if for any reason, grants listing within 75 (seventy five) days from the closure of subscription, any allotment in terms of this Prospectus shall be void and the Asset Management Company shall refund the subscription money within 15 (fifteen) days from the date of refusal for listing by the stock exchange(s), or from the date of expiry of the said 75 (seventy five)
days, as the case may be. In case of non-refund of the subscription money within the aforesaid 15 (fifteen) days, the AssetManagement Company, in addition to the Sponsor and Trustee, shall be collectively and severally liable for refund of the subscription money, with interest @ 2% (two percent) per month above the bank rate, to the subscribers concerned.
Contact for details:
New Address of Investor Relations Office
NAVANA TOWER (9TH FLOOR),
PLOT 45, GULSHAN SOUTH C/A
GULSHAN 1, DHAKA 1212
Contact no: +88 01730450478, +88 01730450479, 8826676
Fax: +8802 9895689