DHAKA: The draw of Initial Public Offerings (IPO) of Malek Spinning Mills will be held Tuesday at the Bangabandhu International Conference Centre.

Investment Corporation of Bangladesh (ICB) asset management officer Niamul Hossain gave the schedule of the offloading of shares of the private spinning mill while talking to banglanews24.com.bd Monday.

The industrial unit has issued on the capital market four crore shares worth Tk 100 crore, with the value of each share fixed at Tk 10. But the company has taken Tk 15 against one share as premium and 500 shares consisting the market lot.

BDST/ 1425/ JULY 5, 2010