NRBC Bank IPO Result 2021, Prospects & Subscription Summary details here. NRBC Bank is the leading provider of corporate banking services in Bangladesh. NRBC Bank was incorporated on February 20, 2013, as a public limited company. The bank has a total of Tk 562.07 corer of equity, and successfully running 77 branches around the country. Since 2013, the bank has been offering an IPO. And this year it also offers the desired IPO. So now you all are eagerly waiting for the NRBC Bank IPO Result.
NRBC Bank IPO Prospects
NRBC Bank is the first BSEC-approved bank, which is also the fourth generation commercial bank. The securities regulator has approved the IPO (initial public offering) proposal of NRBC Bank by using the fixed price method. NRBC Bank is going to raise a capital worth Tk 120 crore issuing 12 crore ordinary shares of Tk 10 each. The bank would invest Tk110 crore in government securities, Tk 6.05 crore in the secondary stock market, and Tk3.9 crore to bear IPO expenses.
The draft prospectus of the company shows its earnings per share (EPS) were Tk 2.02 in 2024 against Tk1.82 in the previous year. The EPS was Tk 0.62 from January to June 2024. By the half-yearly audited financial statement for the period ended on June 30, 2024, NRBC Bank’s NAV without revaluation stood at Tk 13.86, while the weighted average EPS of five years was Tk 1.55. The issue managers of the NRBC Bank IPO are Asian Tiger Capital Partners Investment and AFC Capital.
NRBC Bank IPO Subscription Summary
The initial public offering (IPO) subscription of NRBC Bank will commence on February, 2024 for raising Tk 10 per share by issuing 12 crore ordinary shares under the fixed price method. The Bangladesh Securities and Exchange Commission (BSEC) has approved the Initial Public Offering (IPO) proposal NRBC Bank to raise Tk 120 crore by issuing 12 crore shares on the capital market. As of 30th June, 2024 NRBC Banka net profit of Tk 362.1 crore.
- IPO subscription to begin 3 February
- IPO subscription last date: 9 February
- IPO Lottery Result Publish Date: 3 March
The bank’s weighted average earnings per share for the last five years were Tk 1.55. The asset value per share was Tk 13.86 as of June 30, 2024. NRBC Bank registered deposits of Tk 7,185 crore in 2024. Its total loans and advances amounted to Tk 6,201 crore. NRBC Bank IPO subscription will open in February 2024 considering the interest of the investors.
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NRBC Bank IPO Lottery Result
We have already mentioned that the NRBC Bank IPO result will be published in 2024. So to get the updates of the result, we would request you to follow our website regularly.
Stock Exchange/Merchant Banker’s Code
By the securities regulator, the date of commencing the bank’s IPO subscription will be fixed by February 2024 considering the interest of investors. After that, at a later date, the NRBC Bank IPO Result will be published.
About NRBC Bank
NRBC Bank is a reputed corporate bank in Bangladesh. It is meeting the needs of the domestic and overseas for small businesses, medium and large Corporation by offering a wide range of corporate finance products. The products range from traditional working capital finance to project finance.
The authority desires to establish a bank for the economic development in Bangladesh. And with the NRBC Bank IPO Result publish after February 2021; the bank will continue to do so. Looking at all the previous year’s results, it is safe to bet on this company.