The share trading of Unique Hotel and Resorts Ltd, the owner of the Westin Dhaka, will begin on the country's twin bourses tomorrow.
The private sector five-star hotel received the listing or trading approval from the Dhaka Stock Exchange at a meeting last week.
Unique Hotel is going to be the first private sector listed hotel in Bangladesh stockmarket.
Presently, the two state-owned entities -- Bangladesh Services and Bangladesh Hotels -- are listed with the Dhaka Stock Exchange. Bangladesh Services owns Dhaka Sheraton and Bangladesh Hotels owns Purbani International.
Earlier on February 14, the Securities and Exchange Commission approved the IPO (initial public offering) prospectus of Unique Hotel to raise Tk 195 crore from public.
Using the fixed price method, the hotel floated 2.60 crore ordinary shares of Tk 10 each at an offer price of Tk 75, including Tk 65 as premium.
With the IPO proceedings, the company will set up three new hotels and repay bank loans.
As per financial statements of 2011, earnings-per share (EPS) of Unique Hotel, whose existing paid-up capital is Tk 230 crore, was Tk 4.55, and the first quarter EPS to March this year was Tk 1.66.
The Westin Dhaka was set up in 2007.