Energypac Power Generation has started work for its initial public offering (IPO) to raise funds for business expansion.
The power company will float 4.54 crore ordinary shares of Tk 10 each and has decided to go for the book-building method, the second firm to do so after the regulator modified the pricing rules following the market crash of 2011.
IDLC Investments, its issue manager, has already organised a road show for institutional investors on September 28 to set an indicative price of the shares.
The company will use the IPO proceedings to set up LPG bottling and distribution plant, establish condensate fractionate plant and repay bank loans, said the information memorandum handed out by IDLC.
Its existing paid-up capital is Tk 115.33 crore, and as of June, its earnings per share were Tk 5.48 and net asset value per share Tk 27.89.
Founded in 1995, the company supplies standby and base-load generators, low-voltage electrical accessories, busbar systems and luminaries and fixtures including energy-saving lamps.
The power company will float 4.54 crore ordinary shares of Tk 10 each and has decided to go for the book-building method, the second firm to do so after the regulator modified the pricing rules following the market crash of 2011.
IDLC Investments, its issue manager, has already organised a road show for institutional investors on September 28 to set an indicative price of the shares.
The company will use the IPO proceedings to set up LPG bottling and distribution plant, establish condensate fractionate plant and repay bank loans, said the information memorandum handed out by IDLC.
Its existing paid-up capital is Tk 115.33 crore, and as of June, its earnings per share were Tk 5.48 and net asset value per share Tk 27.89.
Founded in 1995, the company supplies standby and base-load generators, low-voltage electrical accessories, busbar systems and luminaries and fixtures including energy-saving lamps.
No comments:
Post a Comment