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

Friday
May 30, 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
FRIDAY, MAY 30, 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

  • Bangladesh recalls ambassador from Myanmar
  • Meghna tidal surge floods over 100 villages as incessant daylong rain batters Lakshmipur
  • Sundarbans inundated by rain, tidal surge
  • Ziaur Rahman's 44th death anniversary today 
  • India for 'inclusive, fair, free' polls in Bangladesh at an early date

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

  • Bangladesh targets global trade alignment with sweeping tariff changes
    Bangladesh targets global trade alignment with sweeping tariff changes
  • US Embassy Dhaka. Picture: Courtesy
    Birth tourism not permitted on US visitor visa: US Embassy Dhaka
  • An Israeli tank is used in Gaza, near the Israel-Gaza border, as seen from Israel, 29 May 2025. REUTERS/Amir Cohen
    US proposes 60-day ceasefire for Gaza, plan shows

MOST VIEWED

  • Photo: Courtesy
    New notes featuring historic, archaeological structures of Bangladesh to be circulated from 1 June
  • Two Memoranda of Understanding were signed at the seminar titled “Bangladesh Seminar on Human Resources,” in Tokyo on 29 May 2025. Photo: CA Press Wing
    Japan to recruit 100,000 Bangladeshi workers over next 5 years
  • Representational Photo: Collected
    Country's all jewellery shops to remain indefinitely closed in protest of VP Reponul's arrest: Bajus
  • BAT Bangladesh has to vacate Mohakhali HQ as SC rejects lease appeal
    BAT Bangladesh has to vacate Mohakhali HQ as SC rejects lease appeal
  • Illustration: TBS
    Bangladesh repays $3.5b foreign debt in 10 months of FY25
  • Khondoker Rashed Maqsood. File Photo: Collected
    Investors urge removal of BSEC chairman in meeting with CA’s special assistant, submit list of demands

Related News

  • Bangladesh recalls ambassador from Myanmar
  • Meghna tidal surge floods over 100 villages as incessant daylong rain batters Lakshmipur
  • Sundarbans inundated by rain, tidal surge
  • Ziaur Rahman's 44th death anniversary today 
  • India for 'inclusive, fair, free' polls in Bangladesh at an early date

Features

For hundreds of small fishermen living near this delicate area, sustainable fishing is a necessity for their survival. Photo: Syed Zakir Hossain

World Ocean Day: Bangladesh’s ‘Silent Island’ provides a fisheries model for the future

15h | The Big Picture
The university will be OK. But will the US? Photo: Bloomberg

A weaker Harvard is a weaker America

15h | Panorama
The Botanical Garden is a refuge for plant species, both native and exotic. Photo: Mehedi Hasan/TBS

The hidden cost of 'development' in the Botanical Garden

15h | Panorama
Stillbirths in Bangladesh: A preventable public health emergency

Stillbirths in Bangladesh: A preventable public health emergency

15h | Panorama

More Videos from TBS

Record migrant deaths in 2024

Record migrant deaths in 2024

12h | Podcast
News of The Day, 29 MAY 2025

News of The Day, 29 MAY 2025

14h | TBS News of the day
Businesses set for relief as interim govt eyes major tax & fine cuts

Businesses set for relief as interim govt eyes major tax & fine cuts

17h | TBS Insight
Love is essential for human life

Love is essential for human life

16h | TBS Programs
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