‘aamra technologies limited’ IPO Lottery Conducted

/ / Press Release

Aamra technologies IPO Lottery was conducted at the Seminar Hall of the Institution of Engineers (IEB), Ramna, Dhaka on 2nd May 2012. Aamra technologies IPO has been oversubscribed by more than 2.22 times and the subscription has been successfully completed.

Before conduct of IPO Lottery Mr. Syed Faruque Ahmed, Chairman of aamra technologies gave his welcome speech to the participants. Thanking the regulators, Issue Managers, Post Issue Managers and the investors for their guidance and helping in taking the process forward so smoothly, aamra technologies Managing Director Mr. Syed Farhad Ahmed said that “as we end this day, we will have converted aamra technologies limited from a private Technology company to the leading Bangladeshi Technology public company thus bringing more opportunities and dynamism that shall help make Bangladesh one of the leading IT sourcing countries in the world.”

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).

Group Chief Financial Officer, Chief Strategic Officer, Company secretary and Chief Operating Officer of aamra Technologies Limited., CEO & Directors of Chittagong Stock Exchange Limited, Officials of Dhaka Stock Exchange Limited , High officials of Green Delta Financial Services Limited., Officials of Satcom IT Limited, Auditors and Bankers were present at the occasion

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

2,157,200 shares were allocated for Non Resident Bangladeshis 17,257,600 Shares for Resident Bangladeshis and 2,157,200 shares for Mutual funds.

About ‘aamra companies’

‘aamra companies’ is a leading player in the sectors of textiles and apparels, ICT and outsourcing, professional development and lifestyle in Bangladesh. The group employs 450+ people, with annual turnover of BDT 2.1 billion recording a 30% yearly growth.
The 25 year old diversified group of companies started out as Texas Group. The name ‘aamra’ (the Bangla word of ‘We’) came about with its mission to empower customers, employees, partners and communities by providing the finest products, services and practices.

Combining unparalleled experience, cost-effective technology solutions, comprehensive capabilities across all industries and business functions, and extensive research, ‘aamra’ collaborates with clients to help them maximize their business potentials.

About ‘aamra technologies limited’

aamra technologies limited (ATL) was founded back in 1990 as a response to the emerging market trends of the Asia-Pacific region. Formerly known as Texas Electronics Limited, ATL has been heavily investing in capacity and technology to ensure long term sustainable growth and attain value-driven profitability.

Today ATL provides comprehensive IT solutions and services including Systems Integration, Information Systems Outsourcing, Core Banking Software, Switching & Networking Solution supply, Implementation & Maintenance to some of the largest and industry leading companies in Bangladesh.

Customized solutions with state-of-the-art technology backed by an impeccable customer support make services of ‘aamra technologies limited’ one of the most trusted technology partners in Bangladesh.

Major Achievements of ‘aamra technologies limited’

Pioneer in ATM technology in Bangladesh with over 800+ ATM installations completed
Market leader in Credit Card POS Terminal technology in Bangladesh with over 12,000 POS Terminals installed
First private bank datacenter in Bangladesh through Juniper Systems
Major Cisco deployments in Mobile Telecommunications
Market leader in Security Pin Generation and Verification
Market leader in Credit Card personalization solution