Staff Reporter: E-Generation Limited is going to be listed in the capital market from February 23 in the information technology sector. Trading on both the stock exchanges will start as all the activities that come to the market through initial public offering (IPO) in a fixed price manner will be completed.
According to the Dhaka Stock Exchange (DSE), the new companies will be traded in the ‘N’ category as per the listing rules. The trading code of the company at the time of transaction will be ‘EGEN’ and the company code will be – 22752.
To that end, shares have been submitted as beneficiary owners (BOs) of lottery winners among the company’s IPO applicants on February 18.
Before that, from January 12 to January 18, 711 crore 40 lakh taka or 40.6 times more applications were submitted in the IPO against 15 crore taka. The lottery draw was held on February 8 to allot shares to the applicants. Shares are allocated among lottery winners.
The company will raise Tk 15 crore by issuing 15 million shares at face value. Which will handle digital platform solutions, new market development, IoT-based solutions and IPO costs.
E-Generation’s earnings per share (EPS) for the 2018-19 financial year has been 1.72. The net asset value per share (NAVPS) is 20.58 rupees.
The controversial NRB Equity Management Limited is acting as the issue manager of the company.
Source: Daily StockBangladesh by www.dailystockbangladesh.com.
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