Mir Akhter Hossain Limited, a construction and engineering company, has moved to go public under the book building method.
The company will raise a capital worth Tk 1.25 billion, said a release of IDLC Investments.
As part of going public, the company will hold its IPO (initial public offering) road show in the capital tomorrow (Wednesday), according to IDLC Investments.
It said the company will utilise the IPO proceeds to purchase equipments and repay bank loans.
IDLC Investments is working as the issue manager of the company.
Mir Akhter Hossain Limited has over fifty years of experience with a proven track record in the construction industry of Bangladesh.
The company continues to hold a unique place in the country's engineering and construction sector with operations in projects like construction of roads, bridges, highways, railway tracks, airports, discharge channels, civil construction of power plants, functional buildings, factory buildings and complex infrastructural projects.
© 2020 - All Rights with The Financial Express