Baraka Patenga Power makes debut today

FE REPORT | Thursday, 15 July 2021

Baraka Patenga Power is making its shares trading debut on Dhaka Stock Exchange and Chittagong Stock Exchange today (Thursday) under settlement category "N".
The DSE trading code for the power generation company is "BPPL" and DSE company code is 15324 while the CSE scrip ID is 20024 and scrip code is "BPPL".
The stock market regulator --- Bangladesh Securities and Exchange Commission (BSEC) --- allowed the company to explore the cut-off price of its shares through eligible investors' bidding on January 5 of this year.
The company raised Tk 2.25 billion by issuing 73,770,488 ordinary shares under the book-building method. Its IPO subscription was held between June 13 and June 17.
Baraka Patenga is the second company, after Sonali Life Insurance, whose IPO shares had been allocated on the newly introduced pro-rata basis.

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