Economic Reporter :
Aamra Networks Limited recently received go ahead signal from the securities regulator BSEC to go public using book building method, sources said.
“The commission has given the nod to Aamra Networks to fix cut-off price of its shares under book building method,” said the BSEC in a statement recently.
The company will raise over Tk56 crore through Initial Public Offering (IPO), using the method and with the IPO proceeds, the raised fund will be spent for BMRE, setting up data centre and Wi-Fi Hotspot in different places of the country, bank loan payment and IPO expenditures.
According to its financial statement ended on December 31, 2015, net asset value is around Tk22 and five-year weighted average earnings per share is Tk2.52.
The BSEC has also approved United Airways proposal to raise nearly Tk313 crore through private placements.
Aamra Networks Limited recently received go ahead signal from the securities regulator BSEC to go public using book building method, sources said.
“The commission has given the nod to Aamra Networks to fix cut-off price of its shares under book building method,” said the BSEC in a statement recently.
The company will raise over Tk56 crore through Initial Public Offering (IPO), using the method and with the IPO proceeds, the raised fund will be spent for BMRE, setting up data centre and Wi-Fi Hotspot in different places of the country, bank loan payment and IPO expenditures.
According to its financial statement ended on December 31, 2015, net asset value is around Tk22 and five-year weighted average earnings per share is Tk2.52.
The BSEC has also approved United Airways proposal to raise nearly Tk313 crore through private placements.
