Only one investor has applied for subscribing the bond at Tk 10 lakh in the second round while the company hardly got buyers in the first round.
The first round subscription started on August 17 and only 7.41 per cent issue was subscribed. The bond received Tk 55 crore bids against Tk 750 crore public offering that time.
Prior, the regulator was allowed to issue Tk 3,000 crore through the Sukuk bond. Of this, Tk 750 crore has been allocated for IPO and remaining Tk 2,250 crore will be collected through private placement.
The face value of the bond is Tk 100 per unit. The minimum subscription is Tk 5000 or 50 issues.
Source: Business Insider