Sonali’s IPO: Tk 5 crore 69 lakh being confiscated

The regulatory body Bangladesh Securities and Exchange Commission (BSEC) has made a new history in the initial public offering (IPO) application. Under the new rules, BSEC has ensured that all applicants get shares. However, in the first company, 25,389 applicants have to pay the fine.

According to DSEC sources, the IPO applicants of Sonali Life received 17 shares for Rs 10,000. The rest of the money is due to go out as investors by Wednesday.

On the other hand, 25,389 applicants are not getting the shares, on the contrary, they have to pay 15 percent fine for each application.

Sunbd/NJ