The IPO lottery of Mercantile Bank Ltd First Mutual Fund (MBL 1st Mutual Fund) will be held today (Sunday) at 11-00 am at city's Emmanuelle's Banquet Hall (Gulshan-1).

According to LR Global, the issue manager of the IPO, the mutual fund was over-subscribed by about 113 per cent.

Source: The Financial Express, Bangladesh/9th Jan 2011