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Premier Leasing's trading begins at DSE tomorrow
FE Report
10/19/2005
Premier Leasing International Ltd, a non-banking financial institution (NBFI), will make its debut on the Dhaka Stock Exchange (DSE) tomorrow (Thursday).
Earlier DSE approved its listing in a board meeting Tuesday, sources concerned said.
Premier Leasing was oversubscribed by 10.55 times, when it floated its shares in mid-August.
A total of 1,005,000 ordinary shares of Tk 100 each were offered for the general public during the subscription period.
Premier Leasing will be the eighth listed company in the leasing sub-sector.
The other listed NBFIs are IDLC, United Leasing, Uttara Finance, Midas Financing, First Lease International, People's Leasing and Prime Finance.
Of them, IDLC got listed in 1992, United Leasing in 1994, Uttara Finance in 1997, Midas Financing in 2002, First Lease International in 2003, People's Leasing and Prime Finance in 2005.
All the companies' shares are being traded in the A-category at the DSE.
Meanwhile, the DSE listing sub-committee will meet again to discuss the listing of Nitol Insurance at an earliest convenien ce.
DSE has co-opted three more members in the present 14-member listing sub-committee to discuss the listing of the issue.
Earlier the listing sub-committee of DSE, in its October 10 meeting, did not recommend Nitol Insurance's listing with the bourse due to its 'weak financial performance and poor track record'.
Nitol's primary offer was oversubscribed by 2.75 times during the subscription period, which ended on July 28. The company offered a total of 900,000 shares with the face value of Tk 100 each.
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