Energypac Agreement signing and Ring the Bell Ceremony held

Dhaka, 24 January: The Debut Trading and Ring the Bell Ceremony of Energypac Power Generation Ltd took place recently at the Training Academy of “DSE Tower”, Nikunjo- 2, Dhaka. Mr. Abdul Matin Patwary, FCMA (Managing Director (In-charge) and Chief Financial Officer), Dhaka Stock Exchange, M. Shaifur Rahman Mazumdar, FCA, FCMA (Chief Operating Officer), DSE; Md. Abdul Latif (Deputy General Manager & CRO (Current Charge)), DSE; Mr. Humayun Rashid (MD and CEO), EPGL, Mr. Enamul Haque Chowdhury (Director), EPGL; Mr. Md. Nurul Aktar(Director), EPGL; Mr. Rezwanul Kabir (Director), EPGL; Mr. Mohammed Nurul Amin (Independent Director), EPGL; Mr. Golam Mohammad (Representative Director of EEL), EPGL; Md. Aminur Rahman Khan (CFO), EPGL; Md. Aladuddin Shibly, ACS, ITP (Company Secretary), EPGL; Md. Lutfar Rahman, FCA (DGM, Finance and Accounts), EPGL; Mrs. Shukla Das (CEO), ICB, Mr. Iftekhar Alam (CEO), LBIL and Mr. Swadesh Ranjan Saha (Vice Chairman), SATCOM IT Ltd. and others High officials of DSE, Energypac, ICB, LBIL and other stakeholders concerned were present at the ceremony.
A separate Ring the Bell ceremony of EPGL was held at the Dhaka office of Chittagong Stock Exchange’s (CSE) in the afternoon. CSE’s Managing Director, Mamun-Ur-Rashid, EPGL’s Managing Director and CEO, Mr. Humayun Rashid and High Officials from CSE, EPGL, ICB, LBIL, SATCOM IT Ltd. and other stakeholders concerned were present on the ceremony.
EPGLs’ IPO application started on December 07, 2020 and ended on December 13, 2020. EPGLs’ IPO received an application of BDT 662.47 crore against the target of BDT 624,550,800 for General Investors, which is 10.61 times more. As a result, EPGLs’ shares were allotted to the investors through a lottery on January 03, 2021.
The Bangladesh Securities and Exchange Commission (BSEC,) in its 745th meeting on October 21, 2020, gave the approval to apply for IPO for General Investors (RB, ASI, NRB). According to the company’s Financial Statements as on June 30, 2019, the Net Asset Value (NAV) per share, including revaluation reserves, stands at Tk. 45.11, and the Net Asset Value per share (excluding revaluation reserves) stands at Tk. 30.20.
Earnings per Share (EPS) during the year, stands at Tk. 3.13. Weighted Average Earnings per Share for the last 5 year stands at BDT 2.21.
Energypac Power Generation Limited: Since 1995, Energypac Power Generation Limited (EPGL) has always believed that energy works wonders. Thus, the company has been committed to bringing these wonders into the lives of the people with the most innovative technology of the market. EPGL endeavours to eradicate the deficit in Bangladesh’s power generation system and to improve the quality of the lives of its employees, along with the communities it serves.
The company aims to achieve its mission, not only through the highest quality of products but also through the excellence of its services.
For over two decades, EPGL is committed to providing complete power engineering solutions to both its customers and partners. Since its inception, EPGL has achieved distinction as the largest Power Engineering Company in Bangladesh and has gained respect and trust from both local and globally renowned companies. Currently, EPGL is associated with Steelpac, G-Gas, FG Wilson, Perkins, JCB, JAC, GLAD, John Deere, Siemens, and many more.
EPGL has two subsidiaries – Energypac Power Venture Limited and EPV Chittagong Limited. – Press release