Crystal Insurance Company Ltd will commence trading of its shares at the Dhaka Stock Exchange (DSE) from Monday (21 December) under the 'N' category.
DSE trading code for the company is "CRYSTALINS" and DSE company code is 25749.
On 23 September, Crystal Insurance received approval from the Bangladesh Securities and Exchange Commission for the Initial Public Offering (IPO).
The insurance company has raised Tk16 crore by issuing 1.6 crore shares for investment as fixed deposits.
According to the audited financial report for the year that ended on 31 December 2019, the earnings per share (EPS) of the company stood at Tk2.92 while its net asset value per share was Tk24.42, excluding revaluation.
The weighted average EPS of the company in the last five years stood at Tk2.58.
Sonar Bangla Capital Management is the issue manager of the company for its IPO process.
Like most of the general insurance companies in the industry, Crystal Insurance underwrites risks in the fire, marine, motor and miscellaneous business areas.