NRB Commercial Bank is going public to raise Tk 120 crore from the stock market, a move that would make it the first bank in Bangladesh in 12 years to be listed on the bourse.The initial public offering was approved at a meeting of the Bangladesh Securities and Exchange Commission (BSEC) yesterday.With the consent, the country's bourses are set to get a bank's stock for the first time in 12 years, the BSEC said in a press release. The bank will issue 12 crore ordinary shares at face value.The bank began its journey on April 2, 2013, as a scheduled bank.

Asian Tiger Capital Partners Investments Ltd is the IPO's issue manager.