Primary market subscription of "Bogd bank" LLC shares will be received through all member securities companies from December 01 to December 07, 2021, from 10:00 to 16:00. Seventy percent of total issuing shares will be offered to strategic investors defined by the issuer and lead underwriter, and the remaining 30 percent will be offered to the public through the fixed price method stated in the Primary market trading rules of the MSE.
The lead underwriter "MICC UTsK" LLC defines strategic investors as follows, and the strategic investors will invest in shares worth MNT 500,000,000 with 6 months or more lock-up period:
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Clients entered into a pre-order agreement with "Bogd bank" LLC, and "MICC UTsK" LLC to purchase shares;
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Clients of other brokerage firms signed cooperation agreement with the lead underwriter "MICC UTsK" LLC to invest in the IPO;
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According to the issuer's request, employees orders of "Bogd bank" LLC who have agreed to have their shares locked in will be fully filled.
If strategic investors' subscription tranche is oversubscribed, the exceeding orders will be transferred to the public tranche. However, a 30-percent public subscription tranche is oversubscribed, orders of 100 shares will be fully filled, and the remaining orders will be allocated on a pro-rata basis.
Please click here to see allocation policy.
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