NRB Commercial Bank IPO Lottery Result 2021

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NRB Commercial Bank IPO Lottery Result 2021 will be found on my website.  IPO Application submission started date next 3rd February 2021. NRBC Bank celebrates successful IPO approval from BSEC with the representatives of its issue manager Asian Tiger Capital Partners Investments Limited. The securities regulator has approved the IPO (initial public offering) proposal of NRB Commercial Bank under the fixed price method. NRB Commercial Bank company decided that 3rd February 2021 will be started the IPO submission date close 9th February 2021.

NRB Commercial Bank IPO Lottery Result 2021

The fourth-generation commercial bank will raise capital worth Tk 1.2 billion issuing 120 million ordinary shares of Tk 10 each. The company will utilize the IPO proceeds to purchase government securities, invest in the secondary market, and bear the IPO expense.

NRB Commercial Bank became the first BSEC-approved bank being the fourth-generation commercial bank. As per the half-yearly audited financial statement for the period ended on June 30, 2020, the Bank’s NAV without revaluation stood at Tk 13.86, while the weighted average EPS of five years was Tk 1.55. Asian Tiger Capital Partners Investment and AFC Capital are working as issue managers of the NRB Commercial Bank.

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The securities regulator has said the date of commencing the bank’s IPO subscription will be fixed by February 2021 considering the interest of investors. After taking charge, the incumbent commission led by Prof. Shibli Rubayat Ul Islam received two new IPO proposals including that of NRB Commercial Bank. NRB Commercial Bank IPO Lottery Result 2021.

NRB Commercial Bank IPO Result

Another company that submitted an IPO proposal is Subra Systems. At Wednesday’s meeting, the securities regulator has approved another proposal of publishing the prospectus of Lub-reff (Bangladesh) to issue above 45.24 million shares through the IPO. Recently, the company has completed the bidding required to fix indicative prices as part of the process of going public under the book building method.

Eligible Investors (EIs) will get shares at their respective prices offered at the bidding. Meanwhile, at Wednesday’s meeting, the securities regulator took a decision of seeking explanations from the EIs who offered prices above Tk 50 for each share of Lub-reff (Bangladesh) at the bidding.

NRB Commercial Bank IPO Result

NRB Commercial Bank will have to explain whether they participated in the bidding in line with the securities rules. At Wednesday’s meeting, the securities regulator took another decision of imposing penalties on the chairman and three executives, among others, of the listed company Style craft for securing profits through the unlawful process. As per the BSEC’s decision, the amounts of penalties will be greater than the amounts of profits secured by those persons through unlawful transactions.

NRB Commercial Bank IPO Result

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NRB COMMERCIAL BANK LIMITED (NRBCBANK)

JOURNEY START:2ND APRIL 2013

AUTHORIZED CAPITAL: BDT 1000 CRORE

CAPITAL (EQUITY): 562.07 CRORE (AS ON HALF YEARLY FINANCIAL REPORT-JUNE-2017)

NUMBER OF BRANCHES: 77 (AS ON 11.11.2020)

NUMBER OF AD BRANCHES: 9 (AS ON 31.12.2020)

NUMBER OF ATM: 45 (AS ON 11.11.22020)

NUMBER OF AGENT POINTS: 563 (AS ON 10.10.2020)

NRB Commercial Bank IPO Result 2021

NRB Commercial Bank Limited was the long & cherished desire of Bangladeshi expatriates in different countries of the world to establish a new bank for the economic development of the motherland through their hard-earned foreign currency. Demand for new banks by the NRBs anticipating more flow of inward foreign remittance and scope of investment by other investors of different countries is an acceptable ground for consideration.

NRB Commercial Bank IPO Result 2021

Many NRBs of developed countries have well education and professional expertise in different fields who are potential resources for our country. NRB sponsors shall not only bring huge investable funds but also “state-of-the-art technology” for building up a world standard Bank tailored towards meeting the local developmental needs of the country. NRB Commercial Bank Limited official website https://www.nrbcommercialbank.com/.

NRBC Bank IPO Result 2021

The flow of inward foreign remittance shall not be increased only by pushing our manpower outside the country unless they are made fit & skilled to compete with their peer group of other countries, a bank like NRB may play a vital role in achieving the desired goal. Besides, in the prevailing situation of Banking operation in Bangladesh, it is highly expected that the new bank shall be able to compete with the other banks adopting new concepts of Risk Management and building up good Assets and Health of the organization. We believe in consideration of the above issues application for the desired bank was invited by Bangladesh Bank and LOI was issued in favor of eligible entrepreneurs.

NRBC Bank Securities Limited (NRBCBSL) is a subsidiary of NRB Commercial Bank Limited; started its operation on December 12, 2016. It is one of the impetuously growing stock brokers in Bangladesh. NRBCBSL offers stock brokerage services to local, international institutions and retail clients. It especially provides one-stop services to Non-resident Bangladeshis (NRB).

NRB Commercial Bank Corporate Banking

NRB Commercial Bank Limited is the leading provider of corporate banking services in Bangladesh, catering to the domestic and overseas needs of small businesses, medium and large Corporate by offering a wide range of corporate finance products ranging from traditional working capital finance to project finance. The Bank’s clients include multinational and domestic companies engaged in activities across all sectors of the economy such as contracting, trading, shipping, real estate, and international trading. There is also a good portfolio of Term Lending as well including some Syndicated Loans.

NRB Commercial Bank SME Banking

The role of Small and Medium Enterprises (SMEs) of NRB Commercial Bank is indispensable for the overall economic development of the country. Since this sector is labor-intensive with a short gestation period, it is capable of increasing national income as well as rapid employment generation; achieving Millennium Development Goals (MDGs) especially the eradication of extreme poverty and hunger, gender equality, and women empowerment. NRB Commercial Bank is offering various financial products and services to Small and Medium Enterprises for sustainable growth since the inception of the bank. https://www.nrbcbanksecurities.com/.

NRBC Bank IPO Result 2021

NRB Commercial Bank Retail Banking

NRB Commercial Bank offers a complete range of retail and personal banking products and services through its network across the country. Our customers can be assured of a banking service that is flexible enough to tailor-make a product suite to take care of their specific banking needs. When you consider the advantages that come with an NRBCB account, coupled with the support and guidance you receive from your Relationship Manager, you would be right to consider it a valuable business asset. When you consider the advantages that come with an NRBCB account, coupled with the support and guidance you receive from your Relationship Manager, you would be right to consider it a valuable business asset. Our objective is to offer excellent value to customers by providing knowledgeable, efficient, and reliable services in a personal, helpful and responsive manner. NRB Commercial Bank IPO Lottery Result 2021

NRBC Bank IPO Result 2021

The bank would invest Tk 110 crore in government securities, Tk 6.05 crore in the secondary stock market, and Tk 3.9 crore to bear IPO expenses. Asian Tiger Capital Partners and FC Capital are the issue managers of the company.

NRBC Bank Chairman Parvez Tamal acknowledged hearing about the BSEC nod but was yet to receive the official notification from the regulator. “The bank’s compliance would further enhance through its listing in the stock market, which is also good for us. From now on, it would be a public bank,” he added. Apart from NRBC, South Bangla Agriculture and Commerce (SBAC) Bank is also gearing up for its stock market debut.

About the author

I am Mohammad Golam Faruque, Human Resources Professional in Bangladesh. I am also the admin of Dhaka Jobs 24, a Bangladeshi Job and Education based website.

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