Marico holds IPO lottery

August 30, 2009

Marico Bangladesh Limited yesterday held a lottery for the allotment of shares in the initial public offering (IPO), the company said in a statement.
Marico has allotted 29,97,750 ordinary shares to general public, NRBs and mutual funds and 152,250 shares to its employees.
Refund warrants of unsuccessful applicants and allotment letters will be distributed from September 1 to 5.
The lottery was conducted at Bangabandhu International Conference Centre.
Debashish Neogi, managing director of the company, chaired the lottery programme.
“We are thankful for the co-operation extended by the Securities and Exchange Commission, Dhaka Stock Exchange and Chittagong Stock Exchange,” Neogi said.
Marico Bangladesh is a subsidiary of leading multinational group Marico that operates in consumer products and services in the beauty and wellness space in more than 21 countries.
The results of the lottery can be seen on MBL’s official website-; and also on the official websites of IDLC Finance Limited (, Equity Partners Limited (, DSE (, CSE ( and SEC (

Courtesy of The Daily Star

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