Bangladesh Securities & Exchange Commission has approved the IPO of RobiAxiata Limited on Wednesday, in its 741stCommission Meeting.
With an issue size of BDT 5,237 million, Robi is set to be the biggest ever IPO in Bangladesh. IPO proceeds will be used for network expansion.
As the second entrant of the telecommunication sector in the capital market, the listing of Robi will significantly boost the market capitalization. IDLC Investments as the Issue Manager for the IPO, takes immense pride to be a part of this exciting journey.IDLCalso worked as corporate advisor in the Robi-Airtel merger back in 2016, one of the largest merger & acquisition transactions in Bangladesh.
Arif Khan, CEO & MD, IDLC said “We are really proud to be the issue manager for this largest IPO. We believe this initiative will further foster the growth of the telecommunication sector. IDLC will continue introducing such well-governed companies, bringing a positive impact in Bangladesh’s capital market”
This approval reiterates IDLC’s commitment to bring well governed companies into market and testifies its continued leadership in the investment banking landscape of the country.IDLC was also awarded by Euromoney as “Best Investment Bank in Bangladesh” for consecutive three years since 2018.
Apart from IPO, merger & acquisition, IDLC Investments is also engaged in portfolio management and margin lending business. IDLC looks forward to bring quality IPOs in near future and help to build a better investment ecosystem in the capital market of Bangladesh.
