Energypac Power share bidding begins Sept 21

The bidding for shares of Energypac Power Generation Ltd will commence on September 21, through the book building method.

Eligible investors (EIs) can take part in the bidding to determine the cut-off price of shares of the company through electronic subscription system (ESS) of the exchanges from 5pm on September 21 to 5pm on September 24 (round the clock).

Valuation report submission period for EIs will start at 10:30am on September 27 and continue till 10:30am on September 29 (round the clock).

Each EI who intends to participate in the electronic bidding shall maintain a minimum investment of 1.00 crore taka only in listed securities as on the end of September 13.

The minimum tick size (minimum bidding value) for bidding shall be 50 lakh taka which is in accordance with the Bangladesh Securities and Exchange Commission (BSEC) consent letter to Energypac Power Generation Ltd dated August 16.

Participating EIs will be required to pay full bid amount (100%) and bidding fee 5,000 taka through Social Islami Bank Limited in between 10am on September 21 to 2:00pm on September 24 (during banking hour). The account name is--Dhaka Stock Exchange Limited and account number is—0021360003343.

Interested EIs have been asked to visit: https://www.essbangladesh.com for the bidding related updates.