Baraka Potenga Power holds road show

Baraka Potenga Power on Wednesday held a road show for eligible institutional investors as the company plans to raise Tk 2.25 billion using the book-building method.

Of the proceeds , Tk 1.44 billion will be used to set up power plants, Tk 748 million for paying back long-term loans and about Tk 58 million for IPO expenses.

The two power plants -- Karnaphuli Power and Baraka Shikalbaha Power -- will have the capacity to generate 215 megawatt.

LankaBangla Investments is the issue manager while Unicap Investments is the registrar to the issue.

The issue manager displayed the company's fundamentals to the eligible institutional investors.

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