National Development Engineers Ltd (NDE) has recently signed an agreement with IDLC Investments Limited to raise capital through Initial Public Offering (IPO).
IDLC Investments will act as issue manager for the IPO, said a press statement issued on Monday.
NDE is a prominent name in the construction industry of Bangladesh with over four decades of experience.
The company is mainly engaged in the construction of power plants, buildings, industrial structures, airports, roads and bridges and so forth.
NDE has so far successfully completed more than 500 various multidiscipline projects since its inception.
Rizwan Mustafiz, managing director of NDE and Md Moniruzzaman, managing director of IDLC Investments, signed the agreement on behalf of respective companies.
Imran Mustafiz, chairman of NDE; Rubayet-E-Ferdous, chief operating officer of IDLC Investments, and other high officials from both organisations were also present on the occasion.