The share subscription for the initial public offering (IPO) of Genex Infosys will open on November 18 (Sunday), officials said.
Genex Infosys, an IT company, will raise a fund worth Tk 200 million from the capital market under the fixed price method.
The IPO subscription period will end at 5:30pm on November 29. Eligible investors can apply for the IPO through electronic subscription system.
The Bangladesh Securities and Exchange Commission (BSEC), approved the company's IPO proposal on September 4.
As per the securities regulator's approval, Genex Infosys will offload 20 million ordinary shares at an offer price of Tk 10 each.
A market lot is of 500 shares and an investor needs Tk 5,000 to apply for each lot of the company's IPO.
For NRBs and foreign applicants, the required amount (per lot) for subscription is US$ 60.17 or GBP 46.46 or EUR 52.74, according to the Dhaka Stock Exchange (DSE).
The company will utilise the fund to expand call centre business, repay bank loan partially and bear the IPO expenses.
The company's pre-IPO paid-up capital is Tk 616 million and post-IPO paid-up capital will be Tk 816 million. Its authorised capital is Tk 1.0 billion.
Genex Infosys has a fully-owned (99.99 per cent) subsidiary company.
