The initial public offering (IPO) has attracted almost 20 times the number of applications from investors for shares of Dominage Steel Building Systems Limited. This information has been known from the company sources yesterday.
According to the company, the application for the IPO approval of Dominage’s IPO started on October 19 and lasted till October 25. At this time, applications worth more than Tk 580 crore have been deposited to get 30 crore shares of the company. All types of investors including general, institutional and individual apply to get shares of the company.
It may be mentioned that the capital market regulator Bangladesh Securities and Exchange Commission (BSEC) has approved to raise Tk 30 crore for the Dominage Steel Building through IPO. The company raised Tk 30 crore by issuing three crore shares at a face value of Tk 10. With the IPO money, the company will spend on building construction, electrical installation, purchase of plant and machineries and IPO costs.
Dominage Steel Building Systems’ earnings per share (EPS) for the 2018-19 financial year has been 1.83. And the net asset value per share (NAVPS) is Tk 19.71 . Shahjalal Equity Management is working as an issue manager to bring the company to the capital market.