DHAKA: Some nine new companies applied to the Dhaka Stock Exchange (DSE) for collecting fund through IPO (Initial Public Offer) in a bid to assemble Tk 10,000 million, DSE sources said.
The companies are Bangladesh Steel Re-Rolling Mills, Khan Brothers PP Woven Bag Industries, Peninsula Chittagong Limited, Energypac Power Generation, Ratanpur Steel Re-Rolling Mills, National Finance, Shasha Denims, Aman Cotton Fibrous and Amam Cement Mills Ltd.
Analyzing the market it is noticed that people are interested to invest in the primary market for safety although the share prices of new companies remain below face value after listing to the market for continuously falling trend.
Besides, some of the new companies failed to collect targeting IPO proceeds. In this circumstances investors demanded approval of premium-free IPO.
On the other hand, among newly applied companies, Bangladesh Steel Re-Rolling required to collect Tk 66.50 crore by issuing 1.75 crore shares with an offer of share-price at Tk 38 including premium Tk 28 each. Issue Manager of this company is Alliance Financial services Limited.
Khan Brothers has required to collect Tk 20 crore by offloading 2 crore of shares with the face value of a share at Tk 10 each without premium. Issue Manager of this company is AFC Capital Limited and BMSL Investment Limited
Peninsula Chittagong Limited has required to gather Tk 220 crore by offloading 5.50 crore shares fixing offer price of shares at Tk 80 including premium Tk 30 each. Issue Manager of this company is Lankabangla Investments Ltd.
Energypac Power Generation has required to gather Tk 249.70 crore by issuing 4.54 crore shares offering Tk 55 as the price of a share including premium Tk 45 each. Issue Manager of this company is IDLC Investments Ltd.
Ratanpur Steel Re-Rolling Mills Ltd has required to gather Tk 100 crore by offloading 2.50 crore shares offering share-price at Tk 40 including premium Tk 30 each. Issue Manager of this company is Janata Capital and Investments Ltd.
National Finance Ltd has required to gather Tk 12 crore by releasing 1.200 crore shares with the share-price at Tk 10 each without premium. Issue Manager of this company is BRAC EPL Investments Ltd.
Shasha Denims has required to gather Tk 250 crore by issuing 5 crore shares offering price of shares at Tk 50 including premium Tk 40 each. Issue Manager of this company is AFC Capital Ltd.
Aman Cotton Fibrous Ltd has required to gather Tk 100 crore by offloading 2.50 crore shares with an offer of share price at Tk 40 including premium Tk 30 each. Issue Manager of this company is Lankabangla Investments Ltd.
Amam Cement Mills Ltd has required to gather Tk 36 crore by offloading 1.20 crore shares with the price of shares at Tk 30 including premium Tk 20 each. Issue Manager of this company is Lankabangla Investments Ltd.
BDST: 1900 HRS, DEC 08, 2012
Edited by: M. Mahbub Alam, Asst Output Editor / SM Salahuddin, Output Editor
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