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Genex Infosys Ltd, an IT company, will make its share trading debut on February 06 (Wednesday) on the bourses under "N" category, officials said.
Genex Infosys will be the 9th company under the IT sector on the Dhaka Stock Exchange (DSE).
The company raised a fund worth Tk 200 million from the capital market under the fixed price method by offloading 20 million ordinary shares at an offer price of Tk 10 each under the fixed price method.
The share subscription for the initial public offering (IPO) of Genex Infosys took place between November 18 and November 29 last year.
The securities regulator -- Bangladesh Securities and Exchange Commission (BSEC), approved the company's IPO proposal on September 4, 2018.
The company's IPO was oversubscribed by nearly 36 times as total subscription received Tk 7.15 billion against IPO issue of Tk 200 million.
Genex Infosys will utilise the IPO proceeds for expansion of call centre business (61.50 per cent), partial long-term loan repayment (30 per cent) and the IPO expenses 8.50 per cent), according to its IPO prospectus.
The company's pre-IPO paid-up capital is Tk 616 million and post-IPO paid-up capital will be Tk 816 million. Its authorised capital is Tk 1.0 billion.
According to the latest audited financial statements, the weighted average earnings per share (EPS) stood at Tk 1.89, while the net asset value (NAV) (without revaluation) stood at Tk 13.96.
Genex Infosys has a fully-owned (99.99 per cent) subsidiary company. With the earnings of the subsidiary company, the consolidated NAV (without revaluation) stood at Tk 13.97, while the consolidated weighted average EPS was Tk 2.02.
The Imperial Capital is working as the issue manager of the company's IPO.
Currently, eight IT companies are listed with the Dhaka bourse and the IT sector accounts for less than 1.0 per cent of the DSE's total market capitalisation.
Genex Infosys, the largest call centre operator in Bangladesh, has acquired Green and Red Technologies (G&R), the country's leading online advertising marketplace, to diversify and grow into a major ICT company, according to the official website.
The principal service of the company is Information Technology Enabled Service (ITES), such as is to carry on activities relating to Data Entry, Data Processing, Business Process Outsourcing, IT Support & Software Maintenance, Digital Content Development & Management, Call Centre Service, Website Development, and providing maintenance and support services both to domestic and international clients.