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NRB Bank Ltd will make its share trading debut on Tuesday (February 27) on the stock exchanges under the 'N' category.
NRB Bank, a fourth-generation private commercial bank, received regulatory approval from the Bangladesh Securities and Exchange Commission (BSEC) on November 9 last year and raised Tk 1 billion from the primary market.
The private sector lender issued 100 million ordinary shares.
IPO subscription was held between January 28 and February 1 this year.
The bank has reported net asset value per share of Tk 12.72 (without revaluation) and earnings per share (EPS) of Tk 0.27 for a period of nine months through September this year.
The weighted average of the EPS for the last five years stood at Tk 0.72.
UCB Investment and Shahjalal Equity Management are jointly working as the issue manager for the IPO of the NRB Bank.
The bank cannot declare dividends, make distributions, or approve any dividends before listing on the stock market.
With the NRB Bank, the number of listed banks will stand at 36.
NRB Bank, established in 2013, launched a wide variety of products and services under different categories, such as retail banking, SME banking, NRB banking, corporate banking, and e-banking.
Until the end of 2023, the bank had 51 branches, 29 sub-branches, 51 ATM booth outlets, and 311 agent outlets across the country, according to its website.