General investors to buy Mir Akhter’s share at Tk54
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
SUNDAY, MAY 29, 2022
SUNDAY, MAY 29, 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
General investors to buy Mir Akhter’s share at Tk54

Stocks

TBS Report
11 October, 2020, 08:30 pm
Last modified: 11 October, 2020, 08:32 pm

Related News

  • Mir Akhter wants to enter the steel industry
  • Mir Akhter gets BSEC nod to issue Tk250cr bond
  • BDCOM shares soar 75% in seven days
  • BSEC plans to allow share selling the day after purchase
  • Paper Processing wants to more than double its authorised capital  

General investors to buy Mir Akhter’s share at Tk54

The construction company wants to raise Tk125 crore through an IPO

TBS Report
11 October, 2020, 08:30 pm
Last modified: 11 October, 2020, 08:32 pm
General investors to buy Mir Akhter’s share at Tk54

The general investors will get a 10% discount on the cut-off price of Mir Akhter Hossain Limited's Tk60 share, to buy it at Tk54 each.

Mir Akhter, one of the largest construction and engineering companies of the country, wants to raise Tk125 crore through an initial public offering (IPO).

The Dhaka Stock Exchange (DSE) on Sunday revealed its share cut-off price through electronic subscription system (ESS).

Qualified and institutional investors will buy 50% of the company's shares at that price, while the general investors will buy the rest.

The electronic bidding, under the book-building method of IPO, was held for 72 hours – from 4 October to 7 October.

During this period, 245 institutional and eligible investors offered to buy the company's shares at different rates – ranging from Tk14 to Tk98.

However, most bids were received at Tk50 and Tk51.

The construction company that started its journey in 1968 will use the IPO gains to buy machinery and repay bank loans.

Earlier, the Bangladesh Securities and Exchange Commission had allowed Mir Akhter to set the cut-off price of its shares through bidding.

According to the audited financial statements of Mir Akhter as of 30 June 2019, the company's earnings per share was Tk6.32, net asset value per share was Tk34.71, including re-evaluated reserve, and Tk33.63, excluding the same.

Also, the company's weighted average earnings per share in the last five years was Tk6.21. 

IDLC Investments is the issue manager of the company.

Economy / Top News

Mir Akhter Hossain Limited / Share

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

  • Finance projects export fall, remittance rise
    Finance projects export fall, remittance rise
  • Photo: TBS
    After 72-hour ultimatum, health directorate goes after illegal medical facilities 
  • Photo: Bloomberg
    Direct shipping now to Netherlands 

MOST VIEWED

  • CMSF emerges big to support the market
    CMSF emerges big to support the market
  • BSEC orders three banks to cancel lien with Aman Cotton
    BSEC orders three banks to cancel lien with Aman Cotton
  • This year will be tougher for the financial markets and the economy. Photo: Bloomberg
    Wall St Week Ahead: Stock rally fanned by hopes of Fed 'past peak hawkishness'
  • The Wall Street sign is pictured at the New York Stock exchange (NYSE) in the Manhattan borough of New York City, New York, US, 9 March 2020. REUTERS/Carlo Allegri
    Wall Street jumps on retailer outlook hikes, ebbing Fed fears
  • SS Steel entrepreneurs to acquire Oimex Electrode
    SS Steel entrepreneurs to acquire Oimex Electrode
  • Infographic: TBS
    Higher freight charges help BSC post stellar growth in Q3 profits

Related News

  • Mir Akhter wants to enter the steel industry
  • Mir Akhter gets BSEC nod to issue Tk250cr bond
  • BDCOM shares soar 75% in seven days
  • BSEC plans to allow share selling the day after purchase
  • Paper Processing wants to more than double its authorised capital  

Features

Women voluntarily joined the peaceful procession and protested by wearing clothing of their own choice. Photo: Trishia Nashtaran

The unhealthy obsession with what women wear

7h | Panorama
Illustration: Freepik

Bangladesh is on the verge of destigmatising menstruation

11h | Features
Photo: Collected

The death of Davos?

17h | Panorama
A male Baya Weaver beating wings. Photo: Enam Ul Haque

Baya Weavers weave: ‘Must be witnessed to be fully credited’

21h | Panorama

More Videos from TBS

Attorney General's suggestion to reduce case clutter

Attorney General's suggestion to reduce case clutter

11h | Videos
Russian forces take Liman city of Ukraine

Russian forces take Liman city of Ukraine

11h | Videos
JU food prices spike, students suffer

JU food prices spike, students suffer

11h | Videos
5% tax on poultry farmers earning above Tk10 lakh

5% tax on poultry farmers earning above Tk10 lakh

11h | Videos

Most Read

1
Bangladesh Bank GM, DGM’s designation changed
Banking

Bangladesh Bank GM, DGM’s designation changed

2
Corporates go cashless…tax cut on cards
NBR

Corporates go cashless…tax cut on cards

3
Photo: Courtesy
Panorama

Misfit Technologies: A Singaporean startup rooted firmly in Bangladesh

4
British International Investment (BII) CEO Nick O’Donohoe. Illustration: TBS
Economy

BII to invest $450m in Bangladesh in 5 years

5
Representational image. Picture: Pixabay
Economy

Govt raises regulatory duty to discourage imports of 130 products

6
Photo: Collected
Industry

Spanish recycled cotton producer opens new facility in Bangladesh

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