Doreen Power Generations and Systems Limited

Nature of business The principal activity of the Company is to set up power plants for generation and supply of electricity. Now the company is operating 3 plants in different location with aggregate production capacity of 66MW.
Reason for IPO A. Project Implementation Co-Generations and Water Treatment and Purifying Unit Equipment 26,000,000 (4.48%) Building foundation and Other Constructions 116,000,000 (20.00%) Testing and Commissioning (Lube oil) 50,000,000 (8.62%) Emergency Spare Parts 50,000,000 (8.62%) Fuel Storage Tank at Plant 17,000,000 (2.93%) Power Evacuation 16,000,000 (2.76%) Sub Station 60,980,000 (10.51%) Rent for Fuel Storage tank in Chittagong 33,000,000 (5.69% Loan Repayment 190,000,000 (32.76%) B. IPO Expenses 21,020,000 (3.63%) Grand Total (A +B) 580,000,000 (100.00%)
Subscription open 08 Feb 2016
Subscription close 16 Feb 2016
Subscription close for NRB 08 Feb 2016 to 16 Feb 2016
Offer price Tk. 29.0
Face value per share Tk. 10.0
Market lot 200 units
Single lot price Tk. 5800.0
EPS Tk. 2.25 for the year ended on June 30, 2015
NAV Tk. 35.88 (with revaluation) and Tk. 22.17 (without revaluation) as on June 30, 2015.
Public offer
Major product Generation and supply of electricity is the only product of the Company.
Issue Manager Alliance Financial Services Limited and ICB Capital Management Limited
Website www.doreenpower.com

BDIPO_ad_id