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Friday, December 25, 2009

RAK Ceramics IPO Details

RAK Ceramics Limited has obtained the approval of SEC to float shares as the first company under Book Building Method.

RAK Ceramics will offload 30 million shares, which will have an indicative price of Tk 40, where the face value of each share is fixed at Tk 10. According to SEC's approval, the issue price can be increased or decreased up to 20 per cent in both sides on the basis of its indicative price. The five-parties-- stake holders, issue manager, the investors, the company and DSE will fix the issue price of the RAK Ceramics.

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