Aamra Technologies' IPO approved

The Securities and Exchange Commission on Monday approved initial public offering of Aamra Technologies to raise Tk 51.77 crore. The company will float 2,15,72,000 ordinary shares with an offered price of Tk 24 including a premium of Tk 14. According to the company’s financial statement of 2010, the net asset value of the firm is Tk 24.81 and the earning per share is Tk 2.61.

The company will use the IPO proceeds to repay bank loans, rent ATM and POS machines, and to bear the IPO costs. LankaBangla Investments Ltd is the issue manager of Aamra Technologies.

IPO Subscription will be start from 1st April. Company will issue 20,000,000 Ordinary Shares of Tk. 10/- each at an issue price of Tk. 25/- per share (including a premium of Tk. 15/- each). 

Posted in: Forth Coming IPO