E-Generation IPO last Monday | Daily StockBangladesh

Staff Reporter: E-Generation Company Limited’s application will be accepted on January 18 (Monday). The company’s IPO application started on January 12 (Tuesday).

IPO applications will be accepted at brokerage houses every day from 10 am to 5 pm, company and DSE sources said.

Earlier, the approval was given at the 745th commission meeting of the Bangladesh Securities and Exchange Commission (BSEC), the regulator of the capital market.

Through the IPO, the company will raise Tk 15 crore by selling 15 million ordinary shares with an issue price of Tk 10. The money will be used to purchase commercial space, repay loans, develop digital healthcare platforms and fund IPOs.

For the financial year ended June 30, 2019, the company’s earnings per share (EPS) has been 1 72 paise. The net asset value per share (NAV) is 20 rupees 57 paise.

Note that the issue manager of the company is NRB Equity Management Limited.

Source: Daily StockBangladesh by www.dailystockbangladesh.com.

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