(SPPCL)- Summit Purbanchol Power Company Limited IPO Result- summitppcl.com. DSEBD.ORG.- Initial Public offering (IPO) Lottery Draw of Summit Purbanchol Power Company Limited (SPPCL) will be held on Wednesday, 12th December, at Institute of Engineers (IEB), Ramna, Dhaka.
The Summit Purbanchol Power Company Limited submitted revised initial public offering proposal to the Securities and Exchange Commission few month ago lowering the offer price from Tk 75 to Tk 45. The company, a subsidiary of Summit Power Limited, initially submitted an IPO proposal in November 2012 with the offer price of Tk 75 including Tk 65 as premium but in the latest proposal it set the premium at Tk 35.
The Summit Purbanchol power company received Tk 134.76 crore against public giving of Tk 120 crore. The company received Tk 133.14 crore from two.58 lakh general candidates while it received Tk 1.61 crore from 17,000 NBR applicants (till Nov 22).
The Summit Purbanchol Power Company Limited submitted revised initial public offering proposal to the Securities and Exchange Commission few month ago lowering the offer price from Tk 75 to Tk 45. The company, a subsidiary of Summit Power Limited, initially submitted an IPO proposal in November 2012 with the offer price of Tk 75 including Tk 65 as premium but in the latest proposal it set the premium at Tk 35.
The Summit Purbanchol power company received Tk 134.76 crore against public giving of Tk 120 crore. The company received Tk 133.14 crore from two.58 lakh general candidates while it received Tk 1.61 crore from 17,000 NBR applicants (till Nov 22).
