United Power Generation & Distribution Company Limited
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Nature of business
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The principal activity of the Company is to generate electricity by two gas fired power plants, one at DEPZ with 88 MW capacity and
the other at CEPZ with 72 MW capacity and to sell generated electricity to the export processing industries located inside DEPZ and CEPZ with the provision of selling surplus power outside the
Export Processing Zones (EPZs) after fulfilling their requirement.
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Reason for IPO
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Proceeds from initial public offering (IPO) will be used for Full redemption of redeemable cumulative preference share (Tk.1,490,000,000), Repayment of long-term loan (Tk. 792,000,000),Working Capital (Tk. 27,908,238), and IPO expenses (Tk.66,091,762).
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Subscription open
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18 Jan 2015
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Subscription close
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22 Jan 2015
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Subscription close for NRB
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18 Jan 2015
to 31 Jan 2015
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Offer price
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Tk. 72.0
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Face value per share
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Tk. 10.0
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Market lot
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100 units
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Single lot price
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Tk. 7200.0
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EPS
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Tk. 5.98 for the year ended on December 31, 2013
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NAV
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Tk. 23.64 as on December 31, 2013
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Public offer
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Major product
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Generation and distribution of electricity is the principal products and services of the Company. The electricity produced from the Company’s power plants is sold to Bangladesh Export Processing
Zone Association (BEPZA).
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Issue Manager
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LankaBangla Investments Limited
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Website
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http://www.unitedpowerbd.com/
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