BRB Cables moves toward capital market listing, signs deal with ICB Capital
Under the deal, ICB Capital will provide advisory and issue management services to facilitate the company’s listing process on the stock market.
BRB Cable Industries Limited has taken steps toward listing on the capital market after signing an advisory and issue management agreement with ICB Capital Management Limited (ICML).
The agreement was signed today (24 May) at BRB Cable's head office and manufacturing facility in Kushtia.
Under the deal, ICB Capital will provide advisory and issue management services to facilitate the company's listing process on the stock market.
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Senior officials from BRB Cable Industries and ICB Capital Management were present at the signing ceremony.
The amount of capital to be raised through the listing has not yet been finalised. Managing Director Majeda Khatun said the figure will be determined after reviewing the company's accounts.
According to ICB Capital Management, the agreement will help strengthen BRB Cable's business capacity, ensure long-term growth, and support future expansion plans, while also contributing to the development of the capital market by increasing the supply of quality securities.
BRB Cable Industries is a manufacturer of cables and conductors in both domestic and international markets. The company reportedly ranks 33rd among the world's leading cable manufacturers.
Its product portfolio includes power cables, household wiring systems, optical fibre cables, marine cables, BRB fans, and conductors – widely used in key sectors such as power, infrastructure, telecommunications, and industrial development.
BRB Group, the parent conglomerate, operates 14 sister concerns, including Kiam Metal Industries, BRB Energy, BRB Polymer, BRB Hospital, and BRB Securities.
