Dhaka, Bangladesh (BBN)-Trading of the shares of Shahjibazar Power Company Limited (SPCL) will begin at DSE and CSE from Tuesday under ‘N’ category, officials said.
Dhaka Stock Exchange (DSE) trading code for the company is ‘SPCL’ and DSE company code is 15317 while the Chittagong Stock Exchange (CSE) Id is 20017, scrip code is SPCL. A market lot is 200 shares.
Shahjibazar Power Company is the 17th listed company under the fuel and power sector in the prime bourse while it is the 15th listed company in port city bourse under the energy sector.
The company’s initial public offering (IPO) subscription was held on April 6 to April 10 for resident Bangladeshis while it was continued till April 19, 2014 for Non-resident Bangladeshis.
The lottery of IPO was held on May 8, 2014. The IPO subscription of the company oversubscribed around 22 times against its demand offer.
Using the fixed price method, the company floated 12.68 million ordinary shares at an offer price of BDT 25, including a premium of BDT 15 for each ten share and a raised a fund worth BDT 317 million from public.
As per the financial statement for the year ended on March 31, 2013 the company’s earning per share (EPS, weighted) and net asset value (NAV) are BDT 2.54 and BDT 24.58 respectively.
AAA Consultants and Financial Advisers acted as the issue manager of the Shahjibazar Power Company’s IPO.
The securities regulator – Bangladesh Securities and Exchange Commission (BSEC) – approved the IPO proposal of the company on January 15, this year.
BBN/BB/ANS-13July14-9:00pm (BST)
