SEC approves Padma Life Insurance IPO

The Securities and Exchange Commission (SEC) approved initial public offering (IPO) prospectus of Padma Life Insurance Limited. SEC Chairman M Khairul Hossain presided over a meeting at Commission’s office in the city on Tuesday, approving the IPO Padma Life Insurance. Padma Islamic Ins company will float 12 million shares at an offer price of Tk 10 each to raise Tk 120 million, said SEC’s Executive Director Saifur Rahman. 500 shares will form a market lot. Net asset value per share is Tk 14.37 as of last financial statement. Union Capital...

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RPO/IPO Results of Bangladesh Shipping Corporation (BSC)

The draw of RPO lottery of Bangladesh Shipping Corporation (BSC) has been completed on November 14 at the National Sports Council (NSC), Dhaka. Result is available now for download.  To see RPO results with name, Allotment and refund schedule, details announcement from the BSC, click the download result: DOWNLOAD RESULT N.B:  But fortunately IPO oversubscribed only in Mutual Fund category, so all general applicants get the allotment letter. Result is also available in InvestorsBD.com...

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GSP Finance to go public

he Securities and Exchange Commission (SEC) has also approved the IPO (initial public offering) of GSP Finance Company. The approval came from a regular meeting of the regulatory body, SEC, at its office in the city. Emerging from the meeting, executive director of the SEC told journalists that GSP finance would collect Tk 50 crore by releasing 2 crore shares. “The price of each share, having Tk 10 face value, has been fixed at Tk 25 while Tk 15 will be taken as premium,”. The company’s net asset value (NAV) and earning per share (EPS)...

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IPO Subscription of GBB Power

The Securities and Exchange Commission (SEC) approved the initial public offerings (IPO) prospectus of GBB Power, a private sector power generation firm, to raise Tk 820 million. The decision came at a SEC meeting presided over by its Chairman M Khairul Hossain. The company will float 20.50 million ordinary shares of Tk 10 each at an offer price of Tk 40 including a premium of Tk 30. Authorised capital of the company is Tk 1 billion and existing paid up capital is Tk 305 million which will be increased to Tk 510 million after the IPO subscription. IDLC...

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