Dhaka, June 22 -- The bidding for eligible investors (EIs) to explore the cut-off price of IPO shares of Navana Pharmaceuticals will begin on July 4 (Monday), aiming to raise Tk 750 million under the book-building method.

The bidding - a requirement for going public under the book-building method - will continue until 5:00 pm on July 7, according to a filing with the Dhaka Stock Exchange (DSE) on Wednesday.

Earlier, Navana Pharmaceuticals received the regulatory approval from the Bangladesh Securities and Exchange Commission (BSEC) on June 8 this year for raising Tk 750 million by issuing IPO shares under the book-building method.

Each eligible (EI) investor who intends to submit application should maintain a minimum investment of Tk 3...