BBSL to go public
Monday, 13 December 2010
FE Report
Bangladesh Building System Ltd will raise Tk 240 million (24 crore) from the capital market to finance its expansion, the steel maker said.
The Gazipur-based company, which began its operation in 2003, will float 2,40,00,000 ordinary shares with a face value of Tk10.00 each, it said in a statement.
BBSL has appointed Janata Capital and Investment Limited (JCIL), a subsidiary of Janata Bank Ltd, to manage its listing in the stock market under the book building method.
An agreement was signed between JCIL and BBSL in the city recently. MD Jahangir Mia, chief executive officer of JCIL and Abu Noman Hawlader, managing director of BBSL, signed the agreement on behalf of their respective organisations.
BBSL has a significant market share in pre-engineered steel building sector. It has the capacity of producing 11,800 metric tonnes of steel a year.
Bangladesh Building System Ltd will raise Tk 240 million (24 crore) from the capital market to finance its expansion, the steel maker said.
The Gazipur-based company, which began its operation in 2003, will float 2,40,00,000 ordinary shares with a face value of Tk10.00 each, it said in a statement.
BBSL has appointed Janata Capital and Investment Limited (JCIL), a subsidiary of Janata Bank Ltd, to manage its listing in the stock market under the book building method.
An agreement was signed between JCIL and BBSL in the city recently. MD Jahangir Mia, chief executive officer of JCIL and Abu Noman Hawlader, managing director of BBSL, signed the agreement on behalf of their respective organisations.
BBSL has a significant market share in pre-engineered steel building sector. It has the capacity of producing 11,800 metric tonnes of steel a year.