The public subscription of S.S. Steel Ltd will be opened on Sunday while IPO subscription of Genex Infosys will start on November 18.
S.S. Steel: Initial public offering (IPO) subscription of S.S. Steel will be continued till November 07.
The engineering sector company will raise a capital worth Tk 250 million under the fixed price method.
The Bangladesh Securities and Exchange Commission (BSEC) approved the company's IPO proposal on July 17 to raise the said amount.
The IPO proceed will be utilised to purchase machineries, construct building and bearing the IPO expenses.
A market lot is 500 shares and an investor needs Tk 5,000 to apply for per lot of S.S. Steel's IPO.
The required amount (per lot) of foreign currency for NRBs and foreign applicants for IPO of the company are US$ 60.17 or GBP 46.42 or EUR 52.21, according to Dhaka Stock Exchange (DSE).
As per the financial statement for the year ended on June 30, 2017, the company's net asset value (NAV) per share is Tk 12, without revaluation, and Tk 15.35, with revaluation.
The company reported its earnings per share (EPS) of Tk 1.20 and weighted average of EPS of Tk 0.82.
The Citizen Securities and Investment is working as issue managers of S.S. Steel.
The SS Steel began commercial operations on December 22, 2001. The company is located in the Tongi Industrial Area in Gazipur, and its principal activities include the manufacturing of 500W MS-Deformed Rods, MS-Ingots, and steel for the reinforcement of concrete.
Genex Infosys: IPO subscription of Genex Infosys, which will raise a fund worth Tk 200 million from the capital market under fixed price method, will open on November 18.
The IT sector company's public subscription will be continued till November 29.
The securities regulator approved the company's IPO proposal on September 04.
As per the securities regulator's approval, Genex Infosys will offload 20 million shares at an offer price of Tk 10 each under the fixed price method.
The company will utilise the fund to expand call centre business, repay bank loan partially and bear the IPO expenses.
As per financial statement for the year ended on June 30, 2017, the company's weighted average of EPS (earnings per share) is Tk 1.89, while the net asset value (NAV) per share Tk 13.96, without revaluation.
Genex Infosys is a fully-owned (99.99 per cent) subsidiary. That's why, the company's consolidated NAV and weighted EPS of Genex Infosys stood at Tk 13.97, without revaluation, and Tk 2.02 respectively as of June 30, 2017.
Imperial Capital is working as the issue manager of the IPO.
Genex Infosys, the largest call centre operator in Bangladesh, has acquired Green and Red Technologies (G&R), the country's leading online advertising marketplace, to diversify and grow into a major ICT company, according to the official website.
