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Four lakh 65,290 applicants have won the lottery.
The IPO lottery was held on the digital platform in collaboration with the Bangladesh Engineering University-BUET at the Lake Shore Hotel in Gulshan on Thursday.
Robi’s corporate and regulatory director, Shahed Alam, said: “12,704,425 applications were filed for Robi’s IPO. The lottery is divided into three categories: general investors, losing investors and expatriate investors.”
Shahed Alam said 10 lakh 71,11 applications were received from general investors, of which 3 lakh 10,194 were winners. Of the affected investors, 94,573 and 8,548 won were presented. Additionally, of the 98,792 expat applications, 8,546 expatriate investors have won. A total of 4 lakh 65,290 people have won the lottery. ”
The lottery results will be available on the websites of the Robi, Dhaka and Chittagong Stock Exchanges and on the issuance manager of Merchant Bank IDLC Investments at the IPO.
Robi’s CEO and CEO Mahtab Uddin Ahmed said: “We are particularly inspired by the interest of general investors in being partners. I would like to thank everyone involved in the Robi IPO process for this. It would not have been possible for us to cross this path without your cooperation. “
Mahtab Uddin said: “All companies receive some profit when they are listed on the capital market. As such, we also wanted a 2% minimum turnover tax and a 10% exemption from the corporate tax rate.
“When our other competing carriers were listed, they also got a 10% corporate tax exemption. Due to the minimum turnover tax, Robi’s effective tax rate is now 6%, while the effective tax rate of our competitors in the same market is 40%. We hope that this fiscal inequality ends and we can offer our investors something better in the future ”.
The initial public offering (IPO) of Robi, the second largest mobile phone operator in Bangladesh, received more than 10 times the number of applications allocated for eligible investors.
Applications for Robi’s initial public offering (IPO) were submitted from November 18 to 23 to raise Tk 36.64 crore from the capital market.
Robi wanted to raise a total of Tk 523 crore 69 lakh 33,340 from the IPO. For this, 52 crore 36 lakh 93 thousand 334 shares were issued at a nominal value of Tk 10.
Of this, Robi sold 13 crore 80 lakh 50,934 shares to his employees and raised Tk 138 crore 5 lakh 9,340.
Of the remaining 36 crore 74 lakh 24 thousand taka, 155 crore 98 lakh 9 thousand 600 taka were allocated to eligible investors. The rest is for ordinary investors.
Robi has plans to expand the network with an initial public offering of Tk 515 crore 6 lakh 23,574. And eight crore two lakh nine thousand 6 rupees will be spent on IPOs.
According to the audited financial report for fiscal year 2019, the assets of the company have a value of 18,196 million Tk. Last year, they made a profit of 16 crore 90 lakh rupees.
At this time, the value of its assets per share is 12 rupees 74 paise and the earnings per share is 4 paise.
According to the 2019 financial report, Robi’s total assets are 16,198 crore taka. Return on assets decimal 10 percent. This means that using the assets of 100 rupees a profit of 10 paise has been made.
Robi’s net profit margin is 23 percent. In other words, the sale of 100 rupees has generated a profit of 23 paise.
The Chairman of the Robi Axiata Board of Directors, Mohammad Ijazuddin bin Idris, and the CEO, Mahatab Uddin Ahmed.
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