11:20 AM
Shahjibazar Power gets go-ahead for IPO. Shahjibazar Power Co plans to raise Tk 31.7 crore through an initial public offer (IPO) to pay bank loans.
Bangladesh Securities and Exchange Commission (BSEC) yesterday, 15th January 2014 gave the green lightweight to the rental power generation company to rise the fund through 1.26 crore ordinary shares of Tk ten every at a proposal value of Tk twenty five.
AAA Consultants and financial Advisers can manage the IPO, prospectus of that was approved at a gathering presided over by BSEC Chairman Mr. Khairul Hossain, the regulator same in an exceedingly statement.
The company's weighted average Earnings Per Share (EPS), as of March 2013, stood at Tk 2.54 and Net Asset Value (NAV) Tk 24.58 per share.
After listing, Shahjibazar Power are the sixteenth company within the fuel and power sector within the stockmarket.
BSEC directed investors to update their beneficiary owners' accounts this month, that is important because the CDBL information are upgraded owing to changed IPO rules.
Bangladesh Securities and Exchange Commission (BSEC) yesterday, 15th January 2014 gave the green lightweight to the rental power generation company to rise the fund through 1.26 crore ordinary shares of Tk ten every at a proposal value of Tk twenty five.
AAA Consultants and financial Advisers can manage the IPO, prospectus of that was approved at a gathering presided over by BSEC Chairman Mr. Khairul Hossain, the regulator same in an exceedingly statement.
The company's weighted average Earnings Per Share (EPS), as of March 2013, stood at Tk 2.54 and Net Asset Value (NAV) Tk 24.58 per share.
After listing, Shahjibazar Power are the sixteenth company within the fuel and power sector within the stockmarket.
BSEC directed investors to update their beneficiary owners' accounts this month, that is important because the CDBL information are upgraded owing to changed IPO rules.
Posted in: Forth Coming IPO
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