Dhaka, Nov. 4 -- The securities regulator has revised the IPO (initial public offering) quota, separating mutual funds from the category of eligible investors and high-net-worth individuals from that of general investors.

The revised public issue rules, which will introduce the reclassification of investor categories, are awaiting approval pending receipt of public opinion.

As per the existing rules, eligible investors under the fixed price method are entitled to 25 per cent of primary shares, including 5 per cent for mutual funds. The remaining 75 per cent allocation goes to the general public, including 5 per cent for non-resident Bangladeshis (NRBs).

The revised rules divide half of IPO shares between eligible investors - 30 per cen...