Shahjibazar Power makes debut tomorrow

Trading of the shares of Shahjibazar Power Company Limited (SPCL), a sister concern of Youth Group, will commence at Dhaka Stock Exchange (DSE) and Chittagong Stock Exchange (CSE) from Tuesday (15 July, 2014)) under 'N' category, officials said.
DSE trading code for the company is 'SPCL' and DSE company code is 15317 while the CSE Id is 20017, scrip code is SPCL. A market lot is 200 shares.
Shahjibazar Power Company is the 17th listed company under the fuel and power sector in the prime bourse while it is the 15th listed company in port city bourse under the energy sector.
The company's initial public offering (IPO) subscription was held on April 6 to April 10 for resident Bangladeshis while it was continued till April 19, 2014 for Non-resident Bangladeshis.
The lottery of IPO was held on May 8, 2014. The IPO subscription of the company oversubscribed around 22 times against its demand offer.
Using the fixed price method, the company floated 12.68 million ordinary shares at an offer price of Tk 25, including a premium of Tk 15 for each ten share and a raised a fund worth Tk 317 million from public.
As per the financial statement for the year ended on March 31, 2013 the company's earning per share (EPS, weighted) and net asset value (NAV) are Tk 2.54 and Tk 24.58 respectively.
AAA Consultants and Financial Advisers acted as the issue manager of the Shahjibazar Power Company's IPO.