The trading of the IPO shares of Midland Bank Limited (MDB) commenced at Dhaka Stock Exchange Limited (DSE) and Chittagong Stock Exchange PLC (CSE) on Monday, March 27, 2023 simultaneously. The top officials of the Dhaka Stock Exchange Limited and Midland Bank Limited participated in the “Ring-the-Bell” programme at DSE Tower, Nikinja, Dhaka before starting of the trade of Midland Bank shares at DSE. Subsequently, listing agreement was signed between DSE and MDB. Mr. M. Saifur Rahman Majumder, Managing Director (Acting) of DSE and Mr. Ahsan-uz Zaman, Managing Director of Midland Bank Limited signed the agreement on behalf of the respective organization. Amongst others, the programme was attented by Mr. Khairul Bashar Abu Taher Mohammad, Chief Regulatory Officer and Mr. Md. Rabiul Islam, AGM, Listing Affairs and other high officials of DSE. From Midland Bank, Mr. Md. Zahid Hossain, Deputy Managing Director, Mr. Md. Zahirul Islam FCA, Chief Financial Officer and Mr. Khalid Mohammad Sharif, FCS, Company Secretary of the Bank attended. Mr. Iftekhar Alam, CEO of Langkabangla Investments Ltd., also attended the programme.
Later in the same day, the officails of Midland Bank Limited attended the “Ring-the-Bell” and Listing agreement signing ceremony at CSE, Dhaka Office located at Nikunja. Mr. Hasnain Bari, DGM and incharge of Dhaka Office of CSE signed the Listing agreement on behalf of CSE, while Mr. Md. Ahsan-uz Zaman signed on behalf of Midland Bank Limited. The IPO size for Midland Bank Ltd. was Tk.700 million, with a share offer price of Tk.10. The subscription period for the business ran from February 16 to February 23. The company received listing approval on March 20, 2023.