About IPO Lottery Result Bangladesh
IPO shares are offered by the new private companies to raise capital for needed fund.
It is sold in the primary market.
Both DSE and CSE allow the private companies to sell shares through IPO in the primary market. After given period the IPO issuing company announces the name of the applicants who have won in the lottery.
The respective company publishes the name of lottery owner on their official website.The companies have to deal with IPO result according to BSEC (Bangladesh Securities and Exchange Commission) rules and regulation.
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If BSEC finds any deregulation or corruption in the IPO result publication process of any company, it may ban the particular company from offering stocks or IPO in DSE and CSE in future. Hence, it is not possible for the companies to show nepotism or other forms of corruption to intentionally benefit other parties in the IPO draw result publication process.
Result Publication Process
The IPO application issuing companies distribute shares through a lottery.
The issuing company arranges a lottery session to select winners to distribute shares. The winners are chosen from the applicants.
For lottery to begin, the application needs to be more that the allocation of the company’s share.
Distribution of Refund Warrant
Often along with the publication of the result, the company publishes a refund warrant. In this warrant, the schedule for the allotment letters and return orders is published.
If any applicant fails to collect the Refund Warrant or Allotment Letter within the given time frame of the company, the company sends them to the mailing address of the applicant at applicant’s risk.
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The company also publishes the name of the banks with which the applicants must open a refund bank account to receive the refund.
So in this way, a company collecting capital through IPO selects the winners from the applicants to allot shares.