Doreen Power Generations IPO Result

Doreen Power Generations IPO Result will be found my website https://bdloan24.net/. Doreen Power Generations and Systems Ltd has been published Initial Public Offering Share (IPO) opening from is from 08 February 2016 to 22 February 2016. Doreen Power Generations and Systems Ltd IPO or an Initial Public Offer (IPO) is the primary sale of a stock by a private company to the public company. In this way, a company can increase money by issuing either debt or equity. IPO or Share market inauguration is a type of public offer in which shares of a company generally are sold to the predictable investors that in turn, sell to the general public by a securities exchange for the first time. Doreen Power Generations and Systems Limited (DPGSL) were incorporated in Bangladesh on 20th August 2007 as a private company limited by shares.

Doreen Power Generations IPO Result

Doreen Power Generations IPO Result: Published

Stock Broker/ Merchant Bank Code

General Public/Resident Bangladesh

Non – Resident Bangladeshi (NRB)

Affected Small Investors

Mutual Fund

Distribution of Refund Warrant

Doreen Power Generations IPO Result:

Doreen Power Generations and Systems Limited (DPGSL) has set up three power plants for generating and supplying 66MW electricity to Bangladesh Power Developments Board (BPDB) and Rural Electrification Board (REB) under two power purchase agreement signed by the company with BPDB for selling power 44MW from Tangail power plant and Feni Power plant and an agreement signed by the company with REB for selling power 22MW from Norsindhi power plant for a period of 15 years. The Commercial Operation date (COD) of 22MW Tangail power plant is 12th November, 2008, 22 MW Narsingdi power plants is 21st December, 2008 and 22MW Feni power plant is 16th February 2009.

Corporate Office: 192/A, Eastern Road (3rd Floor), Lane-01, New DOHS, Mohakhali, Dkaha-1206.

Phone: +88 02 9665339, +88 02 9665340

Fax: +88-02-8614645

Head Office: Walsow Tower (16th Floor), 21, Kazi Nazrul Islam Avenue, Dhaka-1000

Phone: +88-02-9860744

Fax: +88-02-9860766

Email: info@doreenpower.com

Web Address: www.doreenpower.com

Doreen Power Generations IPO Result:

Bangladesh Securities Exchange Commission (BSEC) approved IPO of above Co. on 30th November 2015. The Company’s will raise a fund worth Tk. 580.00 million for the purpose of installation of the power plant of two sub-subsidiary companies. Repayment of the loan and the IPO expenses meet from IPO proceeds.

NOS. OF SHARE OFFER: 20,000,000

VALUE OF IPO: Tk. 580,000,000/-

FACE VALUE: Tk. 10/-

PREMIUM VALUE: Tk. 19/-

MARKET LOT: 200

TOTAL PRICE: TK. 5,800.-

SHARE ALLOTMENT: 60% for General Public= 60,000 lot, 20% for Small Affected =20,000 lot, 10% for NRB =10,000 lot and 10% for Mutual Fund =10,000 lot.

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Golam Faruque

I am Md. Golam Faruque. HR Professional in Bangladesh. I like to write articles about various job opportunities and HR related posts on my Blog.