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 Finance Limited will act as the issue manager for the IPO.
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 Finance Limited will act as the issue manager for the IPO.
IPO Subscription Open:
for RB : 18.12.2011 to 22.12.2011
for NRB: 18.12.2011 to 31.12.201120,500,000 Ordinary Shares of Tk. 10/- each at an issue price of Tk. 40/- per share
(including a premium of Tk. 30/- each) totaling Tk. 8,20,000,000/-
i. Prospectus
ii. IPO Application form for RB in pdf format
iii. IPO Application form for NRB in pdf format
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