IPDC IPO lottery held
Star Business Report
The lottery for allotment of shares against IPO of Industrial Promotion and Development Company of Bangladesh Limited (IPDC), a private sector development finance institution, was held yesterday in Dhaka.IPDC allotted a total of 1,390,000 shares at the lottery held at Bangladesh-China Friendship Conference Centre. After the allotment of the shares now general public own 27 percent shares of IPDC, the government holds 22 percent shares while the rest 51 percent shares are owned by Aga Khan Fund for Economic Development. Industries Secretary M Nurul Amin, also the chairman of IPDC, was present at the lottery. Shah Alam Sarwar, managing director and chief executive officer of IPDC, and Director Altaf Hossain were also present. IPDC was established in Bangladesh in 1981 as the first private sector development finance institution.
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