This is another matter of discussion that NIBL promoter share which is being auctioned by RBB is worth buying or not.
But since recent days we can see advertisement of NIBL promoter share auction by RBB on many of on-line news portals and economic news portals.
If it was worth buying share such advertisement was not necessary because any IPO of A class bank or good company in recent years got over subscription either it is 100 valued or premium added(CBL, CCBL, MEGA, C&T, GBIME Auction, RMDC, NLG, SHPC, SKBBL etc.).
Investors who can invest on their own analysis of profit/loss can easily buy such 5-6 million units of shares if they were genuinely priced. There is no necessity of such advertisement for genuinely priced shares. Genuine investors are always seeking such opportunities. May be RBB priced it highly and is trying to sell it through cheap advertisement.
I never noticed such advertisement for sales of shares. A state owned Institution is doing so. shame on them.
Shouldn't SEBON ban such activity?