Dominage Steel IPO Lottery Result 2024 will be held on 16 November 2024. Dominage Steel Building Systems Limited Subscription Open October 19, 2024, Close: October 25, 2024. Dominage Steel Building Systems Limited IPO Lottery Result updated here. Dominage Steel Building Systems Limited IPO Lottery Result that will be published on 16 November in 2024, & found here.
Dominage Steel Building Systems is set to hold its IPO (initial public offering) lottery draw on November 16, aiming to allocate 30 million ordinary shares among successful applicants.
Dominage Steel IPO Lottery Result
The company has so far received good responses from the investors. The investors have applied to buy around 20 times the number of primary shares being offered by the company in its IPO, issue manager sources confirmed.
After the lottery, the result will be published on the websites of the company, issue manager, Dhaka Stock Exchange and Chittagong Stock Exchange.
The IPO subscription for shares of the company remained open from 19 October until 25 October this year.
Dominage Steel IPO Result Download
Stock Exchange/Merchant Banker’s Code
Earlier on August 26, the stock market regulator — Bangladesh Securities and Exchange Commission (BSEC) approved the company’s IPO proposal to raise Tk 300 million from the capital market through initial public offering.
As per the regulatory approval, the Dominage Steel will issue 30 million ordinary shares with an offer price of Tk 10 each using the fixed price method.
The company will utilise the IPO proceeds for acquisition of new plant & machinery (55.77 per cent), building and other construction (30.14 per cent), electrical installation (7.56 per cent) and bearing the IPO related expenses (6.53 per cent).
The company targets to complete these tasks within 24 months after receiving IPO funds, according to the company’s prospectus.
Address
Get directions, JR Casero Tower (11th Floor), 46, Mohakhali C/A,
Dhaka 1212. Bangladesh
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