Energypac Power Generation Ltd. to enter stock market
Business Live: Energypac Power Generation Limited has received approval for the initial public offering (IPO) through the book-building process. On 5 August at the 734th commission meeting, the securities regulator Bangladesh Securities and Exchange Commission (BSEC) gave the approval for fixing the company’s cut-off price through electronic bidding.
The meeting was presided over by Shibli Rubayat Ul Islam, Chairman, BSEC. Through IPO, Energypac will raise BDT 150 crore from the capital market. The IPO proceeds will be used to expand the LPG business, repay bank loans and meet the cost of the IPO process.
According to the consolidated financial report, for the fiscal year ended June 30, 2019, the company’s net asset value per share (NAVPS) with revaluation reserves is BDT 45.15 and NAVPS without revaluation reserves is BDT 30.20. LankaBangla Investments Limited, issue manager of the company’s IPO, is responsible for the issue management of the company.
Since its inception, Energypac Power Generation Limited has been the pioneer in the power and energy sector of Bangladesh. Energypac is an employee-owned company, and its employees own a significant amount of the shares.
Company profits are distributed among the employees through specific rules and regulations. From the commencement of its journey, Energypac has successfully gained a reputation among all the stakeholders as a worker-friendly organization.
Energypac believes, the foundation of their success is the creativity, trusts and mutual respect among its employees. With the sheer responsibility, dedication and passion from the employees, Energypac has been able to build a strong position in the Bangladesh market.
Energypac Power Generation Limited, one of the leading electro-mechanical engineering companies in Bangladesh, was founded in 1995. Since then, the company has been working successfully in the sectors of Power Generation, Energy, Infrastructure, Commercial Automotive, Industrial and Commercial Building and Assembling and Manufacturing.
The company has earned numerous accolades and recognitions throughout its journey for 25 years, including ISO 9001-2015 certification, Superbrands Award and Global Distributor Award and Best Brand Promotion Award for JAC. In manufacturing, the company has state-of-the-art factories for G-Gas and Steelpac, and assembly plants for JAC and GLAD.
And in the trading sector, Energypac is associated with world-renowned companies like ANKAI, JCB, LiftsAll, SHACMAN, JOHN DEERE, WOODWARD, SIEMENS, FG WILSON and Heli.
Steelpack brand of Energypac Power Generation Limited provides complete steel construction services for all kinds of commercial and residential steel buildings. Besides, G-Gas LPG is the company’s one of the pioneering brands in the energy sector, which currently offers household, commercial, bulk LPG and autogas solutions across the country.
Following the trusts and growing demand of the customers, G-Gas (Energypac Power Generation Limited) has taken effective measures with thriving steps to expand and develop its LPG infrastructure. Moreover, Energypac ensures end-to-end solutions for customers around the country to meet their ever-growing demand.
Energypac aims to eradicate the deficit in the country’s power generation system and to improve the quality of the lives of the individuals, as well as collectively enhancing the lives of the people across the country. Hence, under the motto ‘Energy works wonder’, the company always endeavours to hold its position towards its vision.
Dhaka, 25 August (campuslive24.com)//MI