The company has already appointed AAA Consultants & Financial Advisers as manager to the issue. Meanwhile, Credit Rating Agency of Bangladesh Ltd (CRAB) has submitted the rating report where the company has been awarded credit rating of 'A2'.

Previously, the company was rated by Credit Rating Information & Services Limited (CRISL) in 2004 and 2006 and on both occasions was awarded with 'A' rating.

Bangladesh Bank has also already given permission to float IPO share of Tk 5.00 crore in this regard and the company has already filed application with Securities & Exchange Commission (SEC) for the same.

Although the company has attained the required share & equity capital of Tk 25.00 crore in December 2003 (the amount stands at Tk 35.63 crore as of December 31, 2006), IPO will be floated to strengthen the capital market in line with the policy pursued by Bangladesh Bank and SEC.

The company will issue IPO shares on receipt of permission from SEC in the first half of 2007.

GSP Finance Company is presently dealing in loan and lease financing for capital machinery, medical equipment, construction equipment, office equipment, marine and road transport, electrical equipment, loan to property developers, construction of roads, bridges, highways, SMEs and factoring.

GSP Finance is a joint venture financial institution of Hong Kong, Thailand, Republic of Vanuatu and Bangladesh. Its foreign and local shareholding is 61.78 percent and 38.22 percent respectively as on December 31, 2006.