Robi’s shares are receiving 4 lakh 75,290 people

Robi, the second largest mobile phone operator in the country, has won 4.85,290 applicants in the initial public offering (IPO).

On Thursday (December 10), an IPO lottery was held on a digital platform at the Lake Show Hotel in Gulshan in collaboration with Bangladesh University of Engineering and Technology (BUET).

Robi’s Corporate and Regulatory Director Shahed Alam said: ‘Robi’s IPO received 12 lakh 70,425 applications. The lottery is held in three categories: General Investors, Losing Investors, and Expatriate Investors. He said that from general investors, 10 lakh 71 thousand 11 applications were received, of which 3 lakh 10 thousand 194 have become 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 75,290 people have won the lottery.

The lottery results can be found on the Robi, Dhaka and Chittagong stock exchanges and on the website of Merchant Bank IDLC Investments, the company’s issuance manager at the IPO.

Robi’s CEO and CEO Mahtab Uddin Ahmed said: “We are particularly inspired by the interest of ordinary investors in becoming partners. I would like to thank everyone involved in the Robi IPO process for this. We were unable to cross this path without your cooperation.

He added: “Robi, the second largest mobile phone operator in Bangladesh, received more than 10 times the amount of money allocated to eligible investors in the initial public offering (IPO).

An application for Robi’s initial public offering (IPO) was 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 60 lakh 50,934 shares to his own 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 9,88 rupees will be spent on IPOs.