Mir Akhter Hossain Ltd has commenced its business in 1968. Since then the company holds a unique place in the country’s an engineering and construction sector. It is a leading company with operations in projects of constructions. This year, the company has submitted its prospects for initial public offering (IPO) to BSEC. The public can buy shares of the company under the book building method. Mir Akhter Hossain Ltd IPO result is expected to come out soon.
Prospects of Mir Akhter Hossain Ltd
BSEC has approved Mir Akhter Hossain Ltd IPO proposal. The Mir Akhter Hossain Limited is going to raise Tk. 125 crore from the public for expanding its business. The company will issue 20.7 million shares at Tk. 54-Tk60 each under the book building method. The cut-off price of the company’s shares has been fixed at Tk. 60 each with electronic bidding by eligible institutional investors.
ISSUE MANAGER: IDLC Investments Limited
Mir Akhter Hossain Limited released a statement after the financial year ended on June 30, 2024. Through that statement, we know that the company’s earnings per share (EPS) was Tk. 6.32, net asset value per share Tk. 34.71, including re-evaluated reserve and Tk. 33.63 excluding re-evaluated reserve. And the company’s weighted average earnings per share was Tk. 6.21
Mir Akhter Hossain IPO Result 2021
Investors can buy shares at a 10 percent discount on the cut-off price, meaning the general investors will get the IPO shares at Tk 54 each. The company is going to use the raised fund for purchasing construction equipment and machinery, repay bank loans, and IPO-related expenses. Very soon the Mir Akhter Hossain Ltd IPO result is expected to publish.
Mir Akhter IPO Result will be published on 21st January 2021. The lottery event will be held at 11 a.m. at the Lakeshore Hotel, La Vita Banquet Hall in the capital Gulshan, company and CSE sources said.
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IPO Subscription Summary of Mir Akhter Hossain Ltd
By BSEC’s Intel, we know that Mir Akhter Hossain Ltd IPO subscription will commence on December 24th, 2024. And it will continue till December 30, 2024. The company confirmed this info through their published prospects. The company is going to raise Tk. 125 crore under the book building method. They are going to release 20.7 million shares at Tk. 54-60 each.
- Issue Date of Prospectus: November 24, 2024
- Opening date for subscription: December 24, 2024
- Closing date for subscription: December 30, 2024
Among them, 10.4 million shares have been reserved for eligible investors at their own bidding price. The remaining shares are for the IPO participants, including general investors and non-resident Bangladeshis.
About Mir Akhter Hossain Ltd
Mir Akhter Hossain Ltd has been operating in Bangladesh for nearly 50 years. Since then this company has been a part of the sole proprietor of many construction projects both government and private. Even now there are many ongoing projects of the company.
Mir Akhter Hossain Ltd has worked on major projects like Mirpur-Airport connecting flyover, Tongi flyover, Karnaphuli Bridge connecting four-lane road, Bangabandhu Bridge four-lane road, Radisson Blu Dhaka, Hatirjheel Project bridges, Mugda 500-bed Hospital, Ashuganj 400 megawatt power plant, etc.
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50 years old Mir Akhter Hossain Ltd is a trusted company for the public and government. Each year the company grows bigger. With this year’s Mir Akhter Hossain Ltd IPO result, the company will grow more.