BSEC allows Energypac Power to explore cut-off price for IPO
Skip to main content
  • Home
  • Economy
  • Stocks
  • Analysis
  • World+Biz
  • Sports
  • Splash
  • Features
  • Videos
  • Long Read
  • Games
  • Epaper
  • More
    • COVID-19
    • Bangladesh
    • Infograph
    • Interviews
    • Offbeat
    • Thoughts
    • Podcast
    • Quiz
    • Tech
    • Subscribe
    • Archive
    • Trial By Trivia
    • Magazine
    • Supplement
  • বাংলা
The Business Standard
FRIDAY, MAY 20, 2022
FRIDAY, MAY 20, 2022
  • Home
  • Economy
  • Stocks
  • Analysis
  • World+Biz
  • Sports
  • Splash
  • Features
  • Videos
  • Long Read
  • Games
  • Epaper
  • More
    • COVID-19
    • Bangladesh
    • Infograph
    • Interviews
    • Offbeat
    • Thoughts
    • Podcast
    • Quiz
    • Tech
    • Subscribe
    • Archive
    • Trial By Trivia
    • Magazine
    • Supplement
  • বাংলা
BSEC allows Energypac Power to explore cut-off price for IPO

Stocks

TBS Report
06 August, 2020, 10:10 pm
Last modified: 06 August, 2020, 10:15 pm

Related News

  • BSEC cancels pre-opening sessions in bourses
  • BSEC launches probe against Abul Khayer Hero and allies
  • BSEC seeks long-term investment data from Premier Cement
  • BSEC roadshow in Qatar postponed
  • BSEC initiates actions against illegal tipsters

BSEC allows Energypac Power to explore cut-off price for IPO

The company will use the IPO proceeds for business expansion, bank loan repayments and catering IPO expenditures

TBS Report
06 August, 2020, 10:10 pm
Last modified: 06 August, 2020, 10:15 pm
BSEC allows Energypac Power to explore cut-off price for IPO

The securities regulator has allowed Energypac Power Generation Limited to determine its cut-off price of its shares through eligible investors' bidding -- a requirement for going public under the book building method.

The Bangladesh Securities and Exchange Commission (BSEC) came up with the approval at a meeting held at the BSEC office Thursday.

Energypac Power Generation Limited wants to raise Tk150 crore through IPO.

Only the institutional investors can participate to explore the cut-off price of the company's shares under the electronic bidding process. Besides, it will be set based on the bids submitted by the investors.

Although the institutional investors are supposed to purchase shares of that company at the cut-off price, the individual investors get the scope for purchasing the shares at 10 percent discounted price through IPO.

Energypac Power Generation Ltd will use the IPO proceeds to expand business, repay bank loans and cater expenditures for the IPO process.

According to the audited financial statement as of June 30, 2019, the company's consolidated earnings per share was Tk3.13, net asset value per share Tk45.15 including re-evaluated reserve and Tk30.20 excluding re-evaluated reserve.

Besides, the company's weighted average earnings per share was Tk2.21. Lanka Bangla Investment Limited is the issue manager for the company's IPO.

The company is engaged in diversified businesses broadly categorized power and energy and commercial automobile sectors. Energypac Power started its business in July 1995.

Top News

BSEC / Energypac

Comments

While most comments will be posted if they are on-topic and not abusive, moderation decisions are subjective. Published comments are readers’ own views and The Business Standard does not endorse any of the readers’ comments.

Top Stories

  • What needs to be done now?
    What needs to be done now?
  • File photo of Dr Debapriya Bhattacharya. Picture: CPD
    Fiscal consolidation is a way out
  • Safety net needs to be expanded by minimising corruption 
    Safety net needs to be expanded by minimising corruption 

MOST VIEWED

  • Troubled Delta Life’s skyrocketing stock: DSE finds Hero, associates behind
    Troubled Delta Life’s skyrocketing stock: DSE finds Hero, associates behind
  • Representational image. Picture: TBS
    Stocks in free-fall amid inflation worries
  • BSEC cancels pre-opening sessions in bourses
    BSEC cancels pre-opening sessions in bourses
  • Former Indo-Bangla Pharma director to sell off shares in conflict with current board
    Former Indo-Bangla Pharma director to sell off shares in conflict with current board
  • Md. Showkat Ali Chowdhury, Chairman of the Board of Directors of Eastern Bank Ltd.( EBL) presides over the 30th AGM of the Bank held today, May 19.  EBL Directors M. Ghaziul Haque, Mir Nasir Hossain, Salina Ali,  Mufakkharul Islam Khasru, Gazi Md. Shakhawat Hossain, K. J. S Banu, Zara Namreen, Ashiq Imran, Dr. Toufic Ahmad Choudhury, Ruslan Nasir, Ali Reza Iftekhar, Managing Director and CEO and Md. Abdullah Al Mamun, Company Secretary are also seen in the picture. The AGM approved 12.50 per cent cash and 12.50% per cent stock dividend for the shareholders for the year 2021.
    EBL declares 25% dividend for 2021
  • Representational Image. Photo: Collected
    GPH Ispat, Fortune Shoes eye jute industry

Related News

  • BSEC cancels pre-opening sessions in bourses
  • BSEC launches probe against Abul Khayer Hero and allies
  • BSEC seeks long-term investment data from Premier Cement
  • BSEC roadshow in Qatar postponed
  • BSEC initiates actions against illegal tipsters

Features

Sketch: TBS

'Food inflation is an unavoidable consequence of currency devaluation'

14h | Interviews
The open-browser-tabs question also tells an interviewer how much of an internet native the job applicant might be. Photo: Noor-a-Alam

The best question to ask a job applicant

14h | Pursuit
Illustration: TBS

Ugly business: Politics in workplace

13h | Pursuit
Illustration: TBS

‘Do you have insurance?’: Life of a life insurance agent

16h | Panorama

More Videos from TBS

Putin's strategies to face Nato

Putin's strategies to face Nato

3h | Videos
How many countries have nuclear weapons and how many are there?

How many countries have nuclear weapons and how many are there?

3h | Videos
Dengue fever is rising, so beware

Dengue fever is rising, so beware

3h | Videos
How a university teacher and PHD holder become farmer

How a university teacher and PHD holder become farmer

8h | Videos

Most Read

1
Tk100 for bike, Tk2,400 for bus to cross Padma Bridge
Bangladesh

Tk100 for bike, Tk2,400 for bus to cross Padma Bridge

2
Representative Photo: Pixabay.
Bangladesh

Microplastics found in 5 local sugar brands

3
Mushfiq Mobarak. Photo: Noor-A-Alam
Panorama

Meet the Yale professor who anchors his research in Bangladesh and scales up interventions globally

4
A packet of US five-dollar bills is inspected at the Bureau of Engraving and Printing in Washington March 26, 2015. REUTERS/Gary Cameron
Banking

Dollar hits Tk100 mark in open market

5
The story of Bangladesh becoming a major bicycle exporter
Industry

The story of Bangladesh becoming a major bicycle exporter

6
PK Halder: How a scamster rose from humble beginnings to a Tk11,000cr empire
Crime

PK Halder: How a scamster rose from humble beginnings to a Tk11,000cr empire

The Business Standard
Top
  • Home
  • Entertainment
  • Sports
  • About Us
  • Bangladesh
  • International
  • Privacy Policy
  • Comment Policy
  • Contact Us
  • Economy
  • Sitemap
  • RSS

Contact Us

The Business Standard

Main Office -4/A, Eskaton Garden, Dhaka- 1000

Phone: +8801847 416158 - 59

Send Opinion articles to - oped.tbs@gmail.com

For advertisement- sales@tbsnews.net

Copyright © 2022 THE BUSINESS STANDARD All rights reserved. Technical Partner: RSI Lab