Economic Reporter :
The primary share market was steady in 2016 with 11 companies offering IPOs (initial public offering) to go to public for sourcing necessary funds, according to information available from Dhaka Stock Exchange (DSE).
Out of the 11 companies, 10 offered shares under fixed price method – the most common way of offering IPOs for all kinds of investors. The rest one company offered IPO under book building method, by which an underwriter determines at what price to offer an IPO based on demand from institutional investors.
The 10 companies offered IPOs of Taka 439.70 crore under the fixed price method are: Dragon Sweater and Spinning (Taka 40 crore), Doreen Power Generation and System (Taka 58 crore), Bangladesh National Insurance (Taka 17.70 crore), Evince Textiles (Taka 17 crore), Yeakin Polymer (Taka 20 crore), Fortune Shoes (Taka 22 crore), Pacific Denims (Taka 75 crore), Vanguard AML Rupali Bank Balance Fund (Taka 95 crore), CAPM BDBL Mutual Fund 01 (Taka 70 crore) and SEML IBBL Shariah Fund (Taka 25 crore). Among the 10 IPOs, three are mutual funds.
The ACME Laboratories offered IPO of Taka 409.60 crore under the book building method this year.
Like previous years, the three companies -Summit Alliance Port Limited, GPH Ispat Limited and BD Thai Aluminium- raised fund from the capital market. Last year 14 companies issued IPOs over Taka 700 crore from the similar purposes.
The primary share market was steady in 2016 with 11 companies offering IPOs (initial public offering) to go to public for sourcing necessary funds, according to information available from Dhaka Stock Exchange (DSE).
Out of the 11 companies, 10 offered shares under fixed price method – the most common way of offering IPOs for all kinds of investors. The rest one company offered IPO under book building method, by which an underwriter determines at what price to offer an IPO based on demand from institutional investors.
The 10 companies offered IPOs of Taka 439.70 crore under the fixed price method are: Dragon Sweater and Spinning (Taka 40 crore), Doreen Power Generation and System (Taka 58 crore), Bangladesh National Insurance (Taka 17.70 crore), Evince Textiles (Taka 17 crore), Yeakin Polymer (Taka 20 crore), Fortune Shoes (Taka 22 crore), Pacific Denims (Taka 75 crore), Vanguard AML Rupali Bank Balance Fund (Taka 95 crore), CAPM BDBL Mutual Fund 01 (Taka 70 crore) and SEML IBBL Shariah Fund (Taka 25 crore). Among the 10 IPOs, three are mutual funds.
The ACME Laboratories offered IPO of Taka 409.60 crore under the book building method this year.
Like previous years, the three companies -Summit Alliance Port Limited, GPH Ispat Limited and BD Thai Aluminium- raised fund from the capital market. Last year 14 companies issued IPOs over Taka 700 crore from the similar purposes.
