United Power Generation And Distribution Co Ltd: IPO Information

The Bangladesh Securities Exchange Commission (BSEC) has given final consent of IPO  under book-building mechanism “United Power Generation And Distribution Co Ltd.” on Tuesday 11th November 2014 on their 531 nos Board Meeting presided by BSEC Chairman Prof. M Khairul Hossain.


On 16th February The Commission approved the bidding of United Power Generation and Distribution Company for 3.30 crore shares to fix the issue price under the book- building method with the participation of 68 institutional investors, the bidding price was fixed at Tk 72 (with 20 percent upper hand).

In this circumstance 40% ie 1.32 crore shares will be offered to institutional investors and rest of the 60% ie 1.98 crore shares will be given to the affected small investors, mutual fund, Non-resident Bangladeshis (NRB) and general investors.

Company Name: United Power Generation & Distribution Company also called “UPGD” is the quality power supply to the Industries housed within the export processing zones (EPZ) of Bangladesh. Currently operating 35 megawatt unit in Dhaka EPZ and 44 megawatt unit in Chittagong EPZ.
Office Address: United Centre, House # NW (J)-6, Road#51, Gulshan-2, Dhaka-1212, Bangladesh.
Email and Web Address: info@united.com.bd and www.united.com.bd
Why Public Offering: Bangladesh Securities Exchange Commission (BSEC) final approval IPO of above Co. on 11 November  2014 under the book-building method. The Company will collect Tk. 237.60 crore and this IPO Proceeds will be used to meet redemption of preference share, pay the bank loans and mitigate the IPO expenditure.

Company  EPS & NAV per Share: Tk. 5.98  and Tk. 23.64  respectively as of financial statements 31.12.2013

Issue Manager: LankaBangla Investment Ltd.

Registrar to the Issue: ICB Capital Management Ltd.

Total Nos of Share Offer: 33,000,000.-

Institutional Investors:  13,200,000.-

Value of Share Offer: Tk. 950,400,000.-

General Investors : 19,800,000.-
Value of Share Offer Tk. 1,425,600,000.-
Face Value:  Tk. 10 each at an offer price of Tk. 72
Premium Value: 62 (Book Building Method) by 28 eligible institutional investors.
Share Lot: Minimum 100

Share Allotment: General Public=108.90 lac= 108,900lot, NRB 10%=19.80 lac=19,800 lot and Mutual Fund 15%=29.70 lac= 29,700 lot and Small Affected 20%=39.60 lac=39,600 lot retail investors who had lost money during market downswings in 2011.


Bank/Branch Code

General Public

Non Residence Bangladeshi (NRB)

Affected Small Investors

Mutual Fund

Distribution of Refund Warrant

Subscription Date: The Company’s subscription date will start from 18 January 2015 to 22 January 2015 and NRB till 31 January 2015. Application Form coming soon.


Resident Bangladesh (RB) Form

Affected Form

NRB Form

Bank List

Stock Broker/Merchant Bank List

Application Instruction Page

United Power Generation & Distribution Co. Ltd. PROSPECTUS


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1 thought on “United Power Generation And Distribution Co Ltd: IPO Information”

  1. United power generation limited. Are you sure market lot 500 ? If yes plz. inform the source. If no, correct the mrkt lot. I think mrkt lot 100.


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