IPO subscription of Dominage Steel to begin Oct 19
In August, BSEC approved the company’s IPO proposal to raise Tk30 crore
Dominage Steel Building Systems Limited has announced the dates for the subscription of its initial public offering (IPO). Investors may submit their applications to buy the shares of this company between October 19-25.
In August this year, the Bangladesh Securities and Exchange Commission (BSEC) approved Dominage Steel's IPO proposal to raise Tk30 crore by issuing three crore shares.
Each share of the company will have a face value of Tk10.
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The company will spend the funds on: constructing a building, purchasing electrical equipment and new machinery, meeting IPO costs, and more.
According to the audited financial report for the year ended on June 30, 2019, the earnings per share of the company was Tk1.49, and its net asset value per share was Tk19.81.
The weighted average earnings per share of the company, in the last five years, stood at Tk1.47.
Shahjalal Equity Management Ltd is working as issue manager of the company for its IPO process.
Dominage Steel is engaged in the steel building structure, or prefabricated steel structure, business.
