Doreen Power Generations IPO Information & Result

DOWNLOAD LOTTERY RESULT HERE: COMING SOON

UPDATE: BSEC decided to extend subscription date upto 22 February’2016. Information from BSEC, DSE and Issue Manager [source: Aurtohsuchok ]

The Bangladesh Securities Exchange Commission (BSEC) approved IPO “Doreen Power Generations & Systems Ltd.” on Monday 30 November 2015 on their 560 nos Board Meeting presided by BSEC Chairman Prof. M Khairul Hossain to issue 2.00 crore ordinary shares worth Tk 29 each (Including Premium Tk. 19). Company Information, IPO Application Form, Prospectus & Result is given below:

COMPANY NAME:

Doreen Power Generations and Systems Limited (DPGSL) was incorporated in Bangladesh on 20th August 2007 as a private company limited by shares.

BUSINESS:

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 plant is 21st December, 2008 and 22MW Feni power plant is 16th February 2009.

DOREEN POWER ADDRESS:

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

COMPANY EPS & NAV PER SHARE:

As per company’s latest financial statement for the year ended on 30 June 2014, Doreen Power Generations & Systems Ltd. Net Assets Value (NAV) per share is Tk. 34.87 and last five years weighted average earning per share (EPS) is Tk. 3.19 respectively.

ISSUE MANAGER:

Alliance Financial Services Ltd. and ICB Capital Management Ltd. jointly working as the manager to the issue.

WHY PUBLIC OFFERING:

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 company. 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.

** The Company will collect IPO money through BSEC new rules and the new rule is “BROKER HOUSE SHOULD COLLECT IPO MONEY ONLY”.

SUBSCRIPTION DATE:

The Company’s subscription will start from 8 February’2016 and Cut Off date 22 February’2016 [Including NRB].

DPGSL IPO FORM DOWNLOAD HERE:

Res. / Aff. / NRB Application Form
DPGSL IPO List Of Subscriber

DOREEN POWER GENERATIONS & SYSTEMS LTD.: PROSPECTUS