Engineering enterprise receives IPO approval from the regulator

DBD Engineering Plc has won approval from the Securities and Exchange Regulator of Cambodia (SERC) for an initial public offering (IPO) on the Cambodian Securities Exchange (CSX).

The subscription period will run from July 26 to August 18, Monday through Friday, during office hours, with a listing expected at the end of next month.

DBD will become the first small enterprise on the Cambodia Securities Exchange (CSX) Growth Board.

SBI Royal Securities will be the sole financial adviser and underwriter. It says investors should be attracted by the guaranteed dividend of 5.5 percent for three years, the highest among all companies listed in Cambodia.

An offering of 5 million to roughly 6.5 million Class A voting shares will be made at a price of  2,380 riels per share. DBD is hoping to raise between $3 million and $3.845 million with the IPO. A minimum subscription level available for investors has been set at 100 shares.

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