Lottery Draw of ICB provident & R N Spin

The IPO lottery draws of ICB Employees Provident Mutual Fund One: Scheme One and R N Spinning Mills Limited will be held today (Monday) and December 24 respectively, issue managers of the companies said.

The IPO lottery draw of ICB Employees Provident Mutual Fund One: Scheme One will take place at Bangabandhu International Conference Centre in the city at 10.00 am. The issue manager also said that time and place of distributing refund warrants will be announced in the newspapers.

The IPO subscription of the mutual fund started on November 22 and closed on November 26. The subscription was opened up to December 5 for non-resident Bangladeshis.

ICB Asset Management Company Limited is the issue manager of ICB Employees Provident Mutual Fund One: Scheme One.

On the other hand, the IPO lottery draw of R N Spinning Mills Limited will be held at Bashundhara Convention Centre at 10.00 am and its refund warrants will be distributed from December 27, which will also be announced in the newspapers, the issue manager said.

The subscription of the company started on November 22 and closed on November 26. For Non-resident Bangladeshis the subscription was opened up to December 5.