Purnima Bikash Bank (PBB) and Swastik Merchant Co Ltd (SMCL) have appointed Ace Development Bank Ltd as the issue manager for their initial public offering (IPO). According to apress note, issue manager PBB is offering IPO of 150,000 unites of share and SMCL is offering 300,000 unites of shares. Both, PBB and SMCL shares cost face value of Rs 100.
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