 | Regulator okays GPH Ispat IPO
01 December, 2011
The approval to the initial public offering (IPO) of GPH Ispat Ltd came at a meeting of the stockmarket regulator on Tuesday with SEC Chairman Prof M Khairul Hossain in the chair.
SEC spokesman Saifur Rahman yesterday said GPH Ispat will float two crore ordinary shares of Tk 10 at an offer price of Tk 30 each, including Tk 20 as premium.
The IPO proceedings will be used in repaying loans and paying taxes, said Rahman, also an executive director of the SEC.
AAA Consultants and Financial Advisers is the issue manager of the GPH Ispat IPO.
As per the latest financial report, earnings per share of the company are Tk 3.66, and net asset value per share is Tk 12.13.
Release link:http://www.thedailystar.net/newDesign/news-details.php?nid=212367
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