- IPO Name: Baraka Patenga Power Ltd.
- IPO Subscription period: June 13 – June 17
- Per Share: Tk. 29
- Minimum Investment in the listed securities (matured securities) at market price: Tk. 20,000
- The cut-off date for Minimum Investment: Wednesday, June 03, 2021
- Minimum Amount allowed for Subscription: Tk. 10,010
- Maximum Amount allowed for Subscription: Tk. 50,010
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Barakatullah Electro Dynamics Limited (Currently Baraka Power Limited)
Holding Company of BPPL
Barakatullah Electro Dynamics Limited (BEDL) is the subscriber to the MoA of Baraka Patenga Power Limited
(BPPL). BEDL has changed its name to Baraka Power Limited (BPL) on January 12, 2015.
Baraka Power Limited (BPL) was incorporated in Bangladesh on 26 June 2007 as a private limited Company. On
25 September 2008, the Company was converted into public limited Company under the Companies Act, 1994.
The principal activity of this company is to set up power plants for generation and supply of electricity. Baraka
Power Limited took part in the tendering process initiated by Bangladesh Power Development Board (BPDB) and
won the bid for implementing, generating & supplying electricity from a 51MW gas fired power plant at
Fenchugonj, Sylhet for a period of 15 years on BOO basis. The plant commissioned on 10 October, 2009
successfully and started its commercial operation from 24 October, 2009 and supplying electricity to the national
grid uninterruptedly. The Company listed on 16 May 2011 with both the Stock Exchanges of Bangladesh and
started trading of shares on 19 May 2011. At present, BPL holds 51% equity shares of Baraka Patenga Power
Mr. Gulam Rabbani Chowdhury
Director of Baraka Power Limited, Gulam Rabbani Chowdhury reflects on his diverse career in machine
manufacturing, real estate, power, education and readymade garments industry, where dynamism of
entrepreneurship and management discipline are the best parts of it; how to make a new startup to a huge
success, how to engage and inspire NRB investors to invest in Bangladesh, how to lead a huge capital investment
and extremely complex operation oriented business like power generation successfully, how to develop a strong
and high level international network of business relations, how to brand yourself as a respected business leader
and many more.
At present he is leading Baraka Power Limited as a director, which is continuously supplying electricity to the
National Grid. The plant is situated at Fenchuganj, Sylhet and powered by General Electric (GE) installed
generators producing 51 MW of power and has been operational since 2009. With power plant in profitability,
Mr. Chowdhury successfully took the private company to IPO flotation, listing it on both Dhaka and Chittagong
Stock Exchanges in Bangladesh.
With the efforts of Mr. Chowdhury, the success story of Baraka Power Limited set a new milestone for NRB
investors, encouraging them to make further investment in the power sector. In 2011 Baraka Power signed a
second PPA & IA to build a 50 MW power plant at Patenga, Chittagong which has been continuously supplying
electricity to the national grid since the 4th May 2014. Inspired by the success of these two power plants, he
constructed two new 110 MW and 105 MW HFO fired power plants at Chittagong. Developing his
entrepreneurial vision further afield, he ventured into the readymade garments industry and started a
readymade garment under the name of Baraka Fashions Limited, ten lines capacity woven garments located at
Before starting Baraka Power Limited, Mr. Chowdhury with the support of a group of NRB investors successfully
established an innovative and unique large-scale townscape vision by the name of “Royal City” in Sylhet, on 2006
which is a project of Royal Homes Limited. It has made a significant impact in the future of Sylhet as a fastdeveloping
city, providing well planned residential and commercial facilities.