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Thursday | October 22, 2026 | Dhaka

Confidence Power holds roadshow for proposed Tk400cr IPO

 Business Desk
 Published: 12:09 AM, 22 October 2026

The company presented its business operations, financial performance, proposed use of IPO proceeds, and future expansion plans to eligible investors and other capital market stakeholders.

Confidence Power and Energy PLC has held a roadshow to present its proposed Tk400 crore initial public offering (IPO) under the book-building method, as the company seeks to raise funds from the capital market to finance two 100MW solar power projects in Chattogram and Bagerhat.

Held after a gap of nearly three years, the roadshow took place at the Radisson Blu Dhaka Water Garden in the capital recently where the company presented its business operations, financial performance, proposed use of IPO proceeds, and future expansion plans to eligible investors and other capital market stakeholders.

Under the proposed use of proceeds, Tk230 crore will be allocated to a 100MW grid-connected solar power project in Cox’s Bazar (North), Chattogram, while Tk102 crore will be invested in Confidence and Doreen Power Limited to implement another 100MW solar project in Mongla, Bagerhat.

The company plans to use Tk60 crore to partially repay existing loans and Tk8 crore to cover estimated IPO expenses, according to its proposed fund utilisation plan.

Confidence Power and Energy holds a 60% stake in Confidence and Doreen Power Limited, which is undertaking the Mongla project.

The roadshow is part of the IPO process and does not itself mean that the company has raised the proposed funds.

The latest information provided by the company confirms the roadshow and planned allocation of proceeds, but does not establish the final regulatory approval status or subscription schedule.