Grameenphone shares entered on the country's secondary share market on Monday after a long wait but the prices were not as high as some shareholders had expected them.
Prices of the biggest-ever IPO in Bangladesh's history opened at Tk 160 on the Dhaka Stock Exchange, surged to Tk 195 at one point before ending on Tk 177.30.
Prices of GP shares opened a bit higher on the Chittagong Stock Exchange at Tk 200 but didn't move up any further. It went as low as Tk 162.50 but closed a bit higher at Tk 176.50 with the turnover amounting to Tk 236.861 million. Meanwhile, the floating caused the prime bourse's key index to cross the 4000 mark to touch a new high. A total of 312,501 lots of shares were handed to investors during the IPO with each lot containing 200 shares.
"Out of the day's 764 points, GP accounted for 717 points alone," DSE chief executive told the media.
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