The IPO subscription to eGeneration Limited, an IT consulting and software solutions company, will begin on 12 January, 2021 and continue till the evening of 18 January.
During that time, the IPO subscription will be accepted in brokerage houses at Tk10 per share from 10am to 5pm every day. After receiving subscriptions, investors will get allotment of the company's shares on lottery.
Earlier, the securities regulator – Bangladesh Securities and Exchange Commission (BSEC) – approved the company's Initial Public Offerings (IPO) to raise Tk15 crore by issuing 1.5 crore shares.
The company will use the IPO fund for purchasing business floor space, repaying loans and developing digital healthcare platforms.
As of 30 June 2019, the company's net profit was Tk10.90 crore, slightly up from Tk10.49 crore the previous year.
During that period, the company's gross profit was Tk15.68 crore, which was Tk14.41 crore a year before. At the same time, its earnings per share was Tk1.82 and net asset value per share Tk20.56.
The eGeneration started as a private limited company in November 2003 and began commercial operations the same year.
The company has been working diligently with the aim of making Bangladesh a global brand in providing innovative solutions and moving beyond being a low-cost IT solutions provider.