IPO worth around Rs 1 arba to be traded from next Tuesday

ShareSansar, October 1:

IPO shares of four newly listed companies worth around 1 arba is going to be traded in the stock market by the coming Tuesday.

As the shares of Sana Kisan Bikash Bank, Rural Microfinance Development Centre (RMDC), Hamro Bikash Bank and Jebil’s Finance Limited have been listed today, they will be open for trading within seven days.

Altogether 20 lakh unit shares of Sana Kisan, 52 lakh units of RMDC, 6 lakh and 1 thousand of Hamro Bikash and 20 lakh unit shares of Jebil’s Finance Limited, including their promoter shares, have been listed.

Sana Kisan has appointed Nabil Investment Banking Limited as its registrar to share (RTS), RMDC and Jebil’s have appointed NCM Merchant Banking, and Hamro Bikash Bank has appointed Growmore Merchant Banking Limited as its RTS.

These RTS will be providing various share related transactions such as ownership transfer of shares, signature verification, splitting of shares, dividend distribution, among others, and all other services related to share registration.

Once the trading of the newly listed shares starts next week, it is expected to fuel stock market further and also increase the prevailing liquidity in the capital market.