DBL Group, one of Bangladesh’s leading conglomerates, has appointed Shanta Equity as the Issue Manager for the proposed Initial Public Offerings (IPOs) of two of its companies.
Established in 1991, DBL Group operates across diverse sectors, including Garments, Spinning, Knitting, Dyeing, All Over Printing, Screen Printing, Washing, Garments Accessories, Packaging, Ceramic Tiles, Telecom, Pharmaceuticals, Sewing Thread, Dyed Fiber & Yarn, Dredging, Lifestyles, Aviation, and Digital Transformation Services, etc, according to a press release.
The Group already has a presence in the capital market through Matin Spinning Mills PLC, which was listed in 2014 and has maintained a consistent dividend track record.
Speaking on the occasion, Mr. Mohammed Abdur Rahim, Vice Chairman of DBL Group, said, “We believe the public listing of our profitable companies will enable investors to participate in their next phase of growth while reinforcing our commitment to transparency, governance, and sustainable value creation.”
Mr. Rubayet-E-Ferdous, Chief Executive Officer of Shanta Equity, said, “We are pleased to partner with DBL Group in facilitating the proposed IPOs. We look forward to supporting the transition of these companies to the public market and helping to create long-term value for all stakeholders.”
Shanta Equity is a merchant bank providing issue management, corporate advisory, and portfolio management services. It is one of the capital market concerns of Shanta Holdings.