1:16 PM
The Securities and Exchange Commission (SEC) has also approved the IPO (initial public offering) of GSP Finance Company.
The approval came from a regular meeting of the regulatory body, SEC, at its office in the city.
Emerging
from the meeting, executive director of the SEC told journalists that
GSP finance would collect Tk 50 crore by releasing 2 crore shares.
“The
price of each share, having Tk 10 face value, has been fixed at Tk 25
while Tk 15 will be taken as premium,”. The company’s net asset value
(NAV) and earning per share (EPS) are Tk 25.61 and Tk 1.75 respectively
as of December, 2010.
ICB Capital Management is working as the issue manager of GSP Finance.
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Click here to see the Forthcoming IPOs,
Posted in: Forth Coming IPO
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