• Wednesday, Sep 30, 2020
  • Last Update : 11:47 am

Energypac Power gets nod to identify IPO cut-off price

  • Published at 11:43 pm August 6th, 2020
Energypac logo

With the participation of institutional investors, the selling price of the company’s shares will be fixed through the bidding process

The Bangladesh Securities and Exchange Commission (BSEC) has approved Energypac Power Generation Limited to assess the cut-off price of its shares by the book building method for raising Tk150 crore from the capital markets through an initial public offering (IPO).

The stock market regulator gave the approval at a commission meeting, presided by its chairman Prof Shibli Rubayat Ul Islam, said a press release on Thursday.

With the participation of institutional investors, the selling price of the company’s shares will be fixed through the bidding process.

The power sector company will use the initial public offering proceeds to expand LPG projects, repay bank loans, and meet IPO expenses.

According to the entity’s audited financial statements for the year ending June 30, 2019, the company’s net asset value per share and weighted average earnings per share were Tk45.15 and Tk30.20 respectively, while the weighted average of earnings per share (EPS) was Tk3.13.

LankaBangla Investment Ltd acts as the issue manager of the company’s IPO.

Energypac Power Generation was founded in 1995 and it has established itself as a major supplier and base load of generators and low voltage electrical accessories.

50
50
blogger sharing button blogger
buffer sharing button buffer
diaspora sharing button diaspora
digg sharing button digg
douban sharing button douban
email sharing button email
evernote sharing button evernote
flipboard sharing button flipboard
pocket sharing button getpocket
github sharing button github
gmail sharing button gmail
googlebookmarks sharing button googlebookmarks
hackernews sharing button hackernews
instapaper sharing button instapaper
line sharing button line
linkedin sharing button linkedin
livejournal sharing button livejournal
mailru sharing button mailru
medium sharing button medium
meneame sharing button meneame
messenger sharing button messenger
odnoklassniki sharing button odnoklassniki
pinterest sharing button pinterest
print sharing button print
qzone sharing button qzone
reddit sharing button reddit
refind sharing button refind
renren sharing button renren
skype sharing button skype
snapchat sharing button snapchat
surfingbird sharing button surfingbird
telegram sharing button telegram
tumblr sharing button tumblr
twitter sharing button twitter
vk sharing button vk
wechat sharing button wechat
weibo sharing button weibo
whatsapp sharing button whatsapp
wordpress sharing button wordpress
xing sharing button xing
yahoomail sharing button yahoomail