November 17, 2011

IPO (Initioal Public Offer) of GBB Power Limited

GBB Power Limited
(As per Prospectus)
Nature of Business
The main objective of the company is to carry on the
business of power generation, transmission, distribution and
sale of electricity.
Subscription Open December 18, 2011
Subscription Close December 22, 2011
Subscription period for NRB December 18, 2011 to December 31, 2011
Authorized Capital Ordinary Share Capital : Tk. 800.00 million and
Preference Share Capital: Tk. 200.00 million.
Pre- IPO paid-up Capital Tk. 304.99 million
IPO size in shares 20,500,000
IPO size in Tk. Tk. 820.00 million (including premium of Tk. 30.00 per
share).
Post IPO Paid-up Capital Tk. 509.99 million
Face Value per share Tk. 10.00
Offer Price per share Tk. 40.00 (including a Premium of Tk. 30.00 per share).
Market Lot (Shares) 200
Use of IPO Proceeds
GBB Power Limited plans to utilize the proceeds of the IPO
to meet Long term loan refund, IPO Expenses and working
capital requirements.
NAV per share The Company has reported Net Asset Value Per Share is Tk.
22.52 as on 31.12.2010.
EPS The Company has reported EPS of Tk. 2.83 for the year
ended on 31.12.2010
Major Product
The company is engaged in the business of generating
electricity and supplying it to BPDB through Power Grid
Company of Bangladesh’s 33 KV regional transmission grid
line at Bogra.
Issue Manager IDLC Investments Limited
Auditor Saha Mazumder & Co.
Website www.power.gbb.com.bd