The Dhaka Stock Exchange (DSE) listing sub-committee has recommended for listing of the BSRM Steels Limited, the country's largest steel company.
The recommendation came at the meeting of DSE listing sub committee held Tuesday.
The committee has sent its recommendations to the DSE board for approval of listing of the company, a DSE official said adding the board in its next meeting is expected to fix the debut trading date.
The BSRM floated two million ordinary shares with the face value Tk 100 each to raise Tk 200 million from the markets. The after-IPO (initial public offering) paid up capital of the company is Tk 1.45 billion.
The raised fund from initial public offering will be used for financing working capital (partial) of the company.
Subscription for ordinary shares allotment of the BSRM opened on November 9 and closed on November 13 for the resident Bangladeshis and on November 22 for non-resident Bangladeshis.
Meanwhile, Bay Leasing and Investment Limited and Central Depository Bangladesh Limited (CDBL) signed an agreement in the city recently.
Under this agreement, the IPO shares of the Bay Leasing and Investment Limited will be issued in dematerialised form in the Central Depository System (CDS).
Managing Director of Bay Leasing Mahbubur Rashid and Managing Director and Chief Executive Officer of CDBL Md Habibus Samad signed the agreement on behalf of their respective companies. SAVP and Company Secretary of Bay Leasing and Investment Limited Md Musfiqur Rahman and other high officials of both the companies were present on the signing ceremony.
The subscription of Bay Leasing and Investment Limited begins January 18. The company is offering a total of 1,020,000 shares with the offer price of Tk 250 per share including a premium of Tk 150.
0 comments
Post a Comment