Desh General Insurance IPO application form has published. Initial Public Offer (IPO) application will be start from February 14, 2021 and it will be continue up to February 18, 2021. Desh General Insurance Company NRB IPO subscription last date 18th February, 2021. IPO applicant will selected by lottery draw and Desh General Insurance IPO result will publish same of lottery.
Desh General Insurance Company provide 100% insurance of various product. They provide Fire Insurance, Marine Insurance, Motor Insurance, Engineering insurance and miscellaneous. It is mainly general insurance company. They would not provide any coverage of life insurance. Clients can get insurance any product like car insurance, industry insurance etc. Total number of allocated public share 100,000,000 and market lot 500. Desh General Insurance IPO issuer manager is Prime Finance Capital Limited.
The company will collect capital from share market to setup new plant and purchase machine. It will be also used in capital issue expense and others. It is well reputed insurance company in Bangladesh. The main objective of the company to cover all kinds of general insurance, grantee other than life insurance. Company auditors Rahman Mostafa Alam & Company.
Company Net Asset Value (NAV) is Tk. 11.62 as on December 31, 2019. www.deshinsurancebd.com
Desh General Insurance IPO Lottery Result:
Lottery draw possible date is February 2021 and IPO allocated name will publish same day.