Aamra Networks cleared for raising Tk93cr through right shares | The Business Standard
Skip to main content
  • Epaper
  • Economy
    • Aviation
    • Banking
    • Bazaar
    • Budget
    • Industry
    • NBR
    • RMG
    • Corporates
  • Stocks
  • Analysis
  • Videos
    • TBS Today
    • TBS Stories
    • TBS World
    • News of the day
    • TBS Programs
    • Podcast
    • Editor's Pick
  • World+Biz
  • Features
    • Panorama
    • The Big Picture
    • Pursuit
    • Habitat
    • Thoughts
    • Splash
    • Mode
    • Tech
    • Explorer
    • Brands
    • In Focus
    • Book Review
    • Earth
    • Food
    • Luxury
    • Wheels
  • Subscribe
    • Epaper
    • GOVT. Ad
  • More
    • Sports
    • TBS Graduates
    • Bangladesh
    • Supplement
    • Infograph
    • Archive
    • Gallery
    • Long Read
    • Interviews
    • Offbeat
    • Magazine
    • Climate Change
    • Health
    • Cartoons
  • বাংলা
The Business Standard

Thursday
May 29, 2025

Sign In
Subscribe
  • Epaper
  • Economy
    • Aviation
    • Banking
    • Bazaar
    • Budget
    • Industry
    • NBR
    • RMG
    • Corporates
  • Stocks
  • Analysis
  • Videos
    • TBS Today
    • TBS Stories
    • TBS World
    • News of the day
    • TBS Programs
    • Podcast
    • Editor's Pick
  • World+Biz
  • Features
    • Panorama
    • The Big Picture
    • Pursuit
    • Habitat
    • Thoughts
    • Splash
    • Mode
    • Tech
    • Explorer
    • Brands
    • In Focus
    • Book Review
    • Earth
    • Food
    • Luxury
    • Wheels
  • Subscribe
    • Epaper
    • GOVT. Ad
  • More
    • Sports
    • TBS Graduates
    • Bangladesh
    • Supplement
    • Infograph
    • Archive
    • Gallery
    • Long Read
    • Interviews
    • Offbeat
    • Magazine
    • Climate Change
    • Health
    • Cartoons
  • বাংলা
THURSDAY, MAY 29, 2025
Aamra Networks cleared for raising Tk93cr through right shares

Stocks

TBS Report
14 February, 2024, 10:15 pm
Last modified: 15 February, 2024, 03:33 am

Related News

  • Commerce minister's visit to elevate Dhaka-Beijing comprehensive ties to new heights: Ambassador Yao
  • NRBC Bank's profit drops 96% in 2024
  • Dhaka Bank declares 10% dividend for 2024
  • Asked for roadmap, govt didn’t give in 10 months, now 'December it is': Mirza Fakhrul
  • Climate disasters erode up to 2% of Bangladesh's GDP

Aamra Networks cleared for raising Tk93cr through right shares

The share price of Aamra Networks dropped by 2.78% to Tk56 on the Dhaka stock exchange on Wednesday.

TBS Report
14 February, 2024, 10:15 pm
Last modified: 15 February, 2024, 03:33 am

Infographics: TBS
Infographics: TBS

The Bangladesh Securities and Exchange Commission (BSEC) has granted permission to Aamra Networks Limited, a publicly listed internet service provider, to raise Tk93 crore by issuing 3.10 crore rights shares on the stock exchanges. This capital will be utilised for loan repayment, network system upgradation and network coverage expansion.

The securities regulator gave the approval in its meeting on Wednesday. The share price will be Tk30 each, including a premium of Tk20, according to a press release issued by the Commission.

The share price of Aamra Networks dropped by 2.78% to Tk56 on the Dhaka stock exchange on Wednesday.

Aamra Networks specialises in providing advanced IT communication solutions and services, including Internet access, web development and hosting, leased port Internet access, total network solutions, video conferencing, IT support services, and software development and maintenance.

The Business Standard Google News Keep updated, follow The Business Standard's Google news channel

According to the right offer documents, the company will use Tk10.42 crore in the networking system upgrade, Tk60.41 crore for network coverage expansion, Tk21 crore for loan repayment, and Tk1.15 crore for right share expenses.

Earlier the company announced that the firm will issue 3.09 crore right shares at a ratio of 2:1. This means, one new share will be issued against two existing shares held by an individual investor.

At present, Aamra Networks has a paid-up capital of Tk61.98 crore and a total number of shares of 6.19 crore, with more than 300+ employees spread nationwide.

According to the company, the IT firm has consistently provided its customers with state-of-the-art ISP, IOT, IT & ITES solutions over the last decade. It also has achieved credibility from its clients to provide stable and consistent connectivity solutions.

The company is one of the 18 concerns of Aamra Group. Starting its journey in 1985, the group has diversified investment in the ICT, Textile, and Lifestyle sectors in Bangladesh.

In the first half of the current fiscal year, the company achieved revenue of Tk68.57 crore, which was Tk61.57 crore in the same period of the previous year.

Of this, Tk42.68 crore came from internet, WIFI bandwidth, and equipment sales. Tk20.35 crore came from IT support and software, and Tk8.27 crore came from the EPZ project.

During the period, its profit after tax increased by 6% to Tk14.70 crore from Tk13.86 crore compared to the same period of the previous year.,

In the first nine months of the 2022-23 fiscal year, the company's long-term loan was Tk39.87 crore, and its short-term loan was Tk17 crore.

In the first half of FY24, the company's earnings per share stood at Tk2.37 and its net asset value per share was Tk39.39.

In the October to December quarter, its revenue stood at Tk31.69 crore, which was Tk27.67 crore in the same period a year ago. Its net profit stood at Tk7.04 crore, down from Tk7.73 crore compared to the same period of the previous year.

As of 31 January 2024, sponsors and directors jointly held 33.04% shares, institutions 21.44%, and general investors 45.52% of the company.

In July 2017, the company raised Tk56.25 crore from the capital market for business expansion. Another concern of Aamra Companies – Aamra Technologies Limited, an internet gateway service provider – was also listed on the capital market in 2012.

In the last month, the Bangladesh Telecommunication Regulatory Authority (BTRC) capped 80% bandwidth capacity of Aamra Technologies Limited as the company did not clear the government's revenue sharing dues.

Bangladesh / Top News

Aamra Networks / Bangladesh / shares

Comments

While most comments will be posted if they are on-topic and not abusive, moderation decisions are subjective. Published comments are readers’ own views and The Business Standard does not endorse any of the readers’ comments.

Top Stories

  • Infograph: TBS
    Businesses set for relief as interim govt eyes major tax & fine cuts
  • How termination of USDA-funded trade facilitation project will affect Bangladesh
    How termination of USDA-funded trade facilitation project will affect Bangladesh
  • File photo of Bangladesh Secretariat. Photo: Collected
    Visitors banned from entering Secretariat on Mondays and Thursdays

MOST VIEWED

  • Google Pay. Photo: Collected
    Google Pay likely coming to Bangladesh soon
  • IFIC Bank receives Tk6,000 cr in new deposits in six months
    IFIC Bank receives Tk6,000 cr in new deposits in six months
  • Dhaka areas at a gridlock on Wednesday, 28 May 2025. Photo: Syed Zakir Hossain/TBS
    BNP, Jamaat rallies: Traffic clogs Dhaka roads, including Motijheel, Paltan, Dainik Bangla intersection
  • Abdul Awal Mintoo, chairman of National Bank Limited. Sketch: TBS
    'Regulatory support must for National Bank to restore depositors' confidence'
  • Mohammad Abdul Mannan, chairman FSIB Ltd. Sketch: TBS
    FSIB to bounce back soon
  • Mohammad Mamdudur Rashid, managing director and CEO, UCB. Sketch: TBS
    Customers’ trust and confidence fueling deposit growth at UCB

Related News

  • Commerce minister's visit to elevate Dhaka-Beijing comprehensive ties to new heights: Ambassador Yao
  • NRBC Bank's profit drops 96% in 2024
  • Dhaka Bank declares 10% dividend for 2024
  • Asked for roadmap, govt didn’t give in 10 months, now 'December it is': Mirza Fakhrul
  • Climate disasters erode up to 2% of Bangladesh's GDP

Features

In recent years, the Gor-e-Shaheed Eidgah has emerged as a strong contender for the crown of the biggest Eid congregation in the country, having hosted 600,000 worshippers in 2017. Photo: TBS

Gor-e-Shaheed Boro Maath: The heart of Dinajpur

2d | Panorama
The Hili Land Port, officially opened in 1997 but with trade roots stretching back to before Partition, has grown into a cornerstone of bilateral commerce.

Dhaka-Delhi tensions ripple across Hili’s markets and livelihoods

3d | Panorama
Photo: Collected

Desk goals: Affordable ways to elevate your study setup

3d | Brands
Built on a diamond-type frame, the Hornet 2.0 is agile but grounded. PHOTO: Asif Chowdhury

Honda Hornet 2.0: Same spirit, upgraded sting

3d | Wheels

More Videos from TBS

The fight between two brothers; Adidas vs Puma

The fight between two brothers; Adidas vs Puma

7h | Others
Trump is again keen to make Canada the 51st state

Trump is again keen to make Canada the 51st state

9h | Others
Trump's tariff strategy and Europe's investment politics, violence or negotiation?

Trump's tariff strategy and Europe's investment politics, violence or negotiation?

10h | Others
Rumours surrounding the Club World Cup: Which club will Ronaldo join?

Rumours surrounding the Club World Cup: Which club will Ronaldo join?

10h | Others
EMAIL US
contact@tbsnews.net
FOLLOW US
WHATSAPP
+880 1847416158
The Business Standard
  • About Us
  • Contact us
  • Sitemap
  • Advertisement
  • Privacy Policy
  • Comment Policy
Copyright © 2025
The Business Standard All rights reserved
Technical Partner: RSI Lab

Contact Us

The Business Standard

Main Office -4/A, Eskaton Garden, Dhaka- 1000

Phone: +8801847 416158 - 59

Send Opinion articles to - oped.tbs@gmail.com

For advertisement- sales@tbsnews.net