aamra networks limited IPO lottery held

/ / Press Release

The lottery of the initial public offering (IPO) of aamra networks limited for allotment of shares was held on Thursday, September 7, 2017 at the Auditorium of the Institution of Engineers (IEB), Ramna, Dhaka.

Syed Farhad Ahmed, Managing Director of aamra networks limited, in his welcome speech highlighted the prospects of the company that brings more opportunities and dynamism that shall help make Bangladesh one of the leading IT sourcing countries in the world. “We expect more cooperation from you in the coming years, and I strongly believe this ever-growing company can reach even higher heights following your enthusiastic association,” said Syed Farhad Ahmed to the shareholders.

Thanking the regulators, Issue Managers, investors and all the employees of aamra companies for their guidance and help in taking the process forward smoothly, Chairman of aamra networks limited, Syed Faruque Ahmed concluded the event.

The IPO Lottery was conducted under the management of the Bureau of Research, testing and Consultation (BRTC). BRTC is the consultation wing of the Bangladesh University of Engineering & Technology (BUET).

Among the senior officials and dignitaries, Sharful Alam, Chief Operation Officer, aamra networks limited, Zahrul Syed Bakht, Group Chief Financial Officer, aamra companies, AKM Quamruzzaman, Company Secretary, aamra networks limited and Md. Anamul Haque, Chief Financial Officer, aamra networks limited, were present.

A total of 71294 shares were allocated for Non- Resident Bangladeshis, 914981 Shares for Resident Bangladeshis and 99286 shares for Affected Small Investors.

The lottery and the subsequent tasks were completed efficiently and lottery results were posted on the board at the venue, uploaded onto the websites of aamra networks limited, Lanka Bangla Financial Services and made available at the company head office.