5 Upcoming IPOs in Bangladesh to Invest in Them

The Bangladeshi capital market is experiencing gradual economic growth as investors and companies seeking finances come together. The Bangladesh Securities and Exchange Commission (BSEC) introduces new policies to ease the IPO process. From new eGeneration offerings to one of the decade’s biggest IPOs, investment opportunities have been diversified.

The investor-friendly reforms shine new hope for the country. Let’s take a look at what Bangladesh IPOs you should be able to check before investing in them.


1. Robi- Axiata

Robi Axiata is a joint partnership between India’s Bharti Airtel Ltd. and the Berham Group of Malaysia. The company got the approval to raise Tk523.7 crores by selling 52.3 crore shares. The shares are selling at Tk10 apiece with no premium.

With this initial public offering, the country is witnessing one of the biggest IPOs in Bangladesh. Moreover, fast-paced growth makes it an attractive investment opportunity.


2. Dominage Steel Building Systems Ltd.

Dominage Steel is a steel construction company at Dhaka. Its IPO subscription is set to open on October 19, 2020. According to the financial audits of 2019, the company reported the net value per share as Tk19.81.

As a result of substantial growth, the company requires funding for the construction of new buildings. The 3 crore shares are valued at Tk10 apiece. So, the company plans to raise Tk30 crores from the initial public offering.


3. Egeneration

As one of the leading IT consulting firms, the Egeneration IPO subscription is one of the most awaited offerings. It is the only Licensed Solutions Partner (LSP) of Microsoft available in Bangladesh. Moreover, the company last year reported the net asset value per share as Tk20.56.

This year, it’s set to raise Tk15 crores. If the approval is given, it can expand its business to provide more digital solutions.


4. Associated Oxygen Limited

Associated Oxygen is an industrial system that produces and supplies oxygen. Its net asset value per share comes to about Tk17.37. The company will start the bidding lottery on October 7, 2020.

The company raised Tk15 crores at Tk10 per share. The money will be used to buy new machinery and warehouse for producing more industrial gases at a quicker rate.


5. Lub-reff Ltd.

Lub-reff is a lubricant manufacturing company. The company will begin the bidding process for the price per share on October 12, 2020. Lub-reff is planning to raise Tk150 crores for new machinery.

It recently introduced a nano-technology based, Finnish oil to provide a more cost-effective and environmentally friendly alternative. Investing in Lub-reff will allow the company to deal with the increasing demand for electricity in the country.


Summing Up

To sum up, this year has provided investors with a diverse range of investment opportunities. So, doing your research has become more important than ever. Whether it is eGeneration or any other trusted manufacturer, keep yourself informed. As long as you know the company’s prospectus, you should be good to go on your investments without any further check.

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