UCB Investment signs deal with Confidence Infrastructure for proposed IPO

UCB Investment Limited (UCBIL) has recently signed an issue management agreement with Confidence Infrastructure PLC (CIPLC) at the corporate office of Confidence Infrastructure in Dhaka, to act as the issue manager for the company's proposed Initial Public Offer (IPO), says a press statement.

Tanzim Alamgir, Managing Director & CEO of UCB Investment Limited, and Imran Karim, Chairman of Confidence Infrastructure PLC, signed the agreement on behalf of their respective organisations.

Under the agreement, UCB Investment Limited will provide comprehensive issue management and advisory services for the proposed IPO subject to obtaining the requisite regulatory approvals.

Confidence Infrastructure PLC is one of Bangladesh's leading infrastructure development companies, with diversified operations spanning infrastructure development and related manufacturing, cement, batteries, transformer, dredging, geobag, construction of poles and bridges, storage construction, power producing infrastructure, telecommunications infrastructure and power generation through its own operations and subsidiaries. The Group also has an established presence in the capital market through Confidence Cement PLC. an 'A' category company listed on the country's stock exchanges since 1995.

As of June 2025, Confidence Infrastructure PLC had a paid-up capital of Tk 1,381 million against an authorized capital of Tk 5,000 million. The company generated consolidated annual revenue of Tk 36,057 million, while reporting a Net Asset Value (NAV) per share of BDT 192.72 and Earnings Per Share (EPS) of Tk 19.92. The intended Tk 3,000 million IPO is expected to strengthen the company's capital base and finance its next phase of expansion, enabling it to pursue long-term growth opportunities across its diversified business portfolio.