Robi Axiata Ltd, the state’s second-largest telecom company is opening for subscription on 17 November. In fact, this is going to be the largest-ever initial public offering (IPO) in the country. Important to realize, investors will have the option to apply to purchase the organization’s primary shares until the night of 23 November.
Meanwhile, Robi has the protections controller’s endorsement to gather Tk523.7 crore from investors. Notably, through IPO the new shares will cost at face estimation of Tk10 each.
To explain, Following the endorsement, the Bangladesh Securities and Exchange Commission (BSEC) said the company was aggregating Tk136 crore of the new capital from its workers under a representative stock buy plan. The rest of the shares are being offered to the general society.
Driving neighborhood dealer bank IDLC Investments is filling in as the issue chief to enable Robi to achieve the IPO cycle. As the second media transmission area participant to the capital market, the posting of Robi will essentially support market capitalization.
“We hope the government will positively consider certain conditions we had placed for listing in the interest of the prospective investors.” – The company Statement
Grameenphone, the telecom market pioneer, went to the financial exchange to gather Tk486 crore 11 years back. The profoundly gainful company at that point got Tk60 in premium per share from investors. At present, on the head of the presumptive worth of Tk10 each and furthermore pulled in countless new investors to the financial exchange.
Because of its high net revenue and reliable high money profits, the market compensated Grameenphone with evaluating every one of the Tk10 face esteem shares at Tk341 on Thursday. It is the market capitalization champion at the two nearby bourses. In other words, with the sum being more than Tk45,000 crore.
In any case, benefit and EPS are an alternate story for its rival Robi. Despite the fact that it is now a Tk4,700 crore worth capital company.
Till the finish of June last, Robi made sure about 4.8 crore subscribers. In other words, speaking to almost 30% of the piece of the pie while the number of web subscribers remained at 3.2 crore to speak to 67% of the piece of the overall industry.
The endorser base under its two brands Robi and Airtel, alongside some other minor extra administrations, together brought the company all out the yearly income of Tk7,400 crore in 2019.
Nonetheless, the giant company’s low benefit made value examiners mindful, since the company had petitioned for an IPO in the primary quarter this year.
In 2019, Robi made a small net benefit of under Tk20 crore while the EPS was Tk0.04 as it were.
The earlier years’ battle pushed the company to negative normal benefit an area. The weighted normal EPS of the most recent five years was negative Tk0.13.
Toward the finish of last December, net resource esteem against each Robi share was Tk12.64 without resource revaluation.
Against level income in the midst of the Covid-19 pandemic in the primary portion of this current year, Robi made a net benefit of Tk77 crore and EPS Tk0.16. The company caused misfortunes during a similar period a year ago.
After the merger with Airtel Bangladesh in 2016, the company developed as the second biggest telecom administrator. To emphasize, held its name. The merger additionally helped the company see benefits later.
Right now, Robi is controlling 68.69% of shares of Malaysian telecom monster Axiata Group Berhad. Following Japanese NTT Docomo Inc’s leave this year. Not to mention, Bharti Airtel is the second significant investor in the company.