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58	58	* It is the biggest public offering so far in Bangladesh
59	59	* The IPO experienced oversubscription of about 5.74 times
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	61	+= Business Overview =
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	63	+The business of Robi is manifested by its introduction of 4.5G services nationwide with a coverage of 97.4% of the total population. The company regularly rolls out different competitive offers and packages to their customers. It has conducted a trial run of 5G on its network as the first company in Bangladesh on July 25, 2018. The business strategy of the company is firmly rooted in expanding its network, subscribers, and introducing newer digital services.
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	65	+In 2020, Robi has achieved a subscriber growth rate of 3.9%, year on year. The company had its 99% of the 4G sites operational and experienced a year-on-year 4G user growth of 72.8% in 2020. Despite the pandemic, the company has managed to experience a revenue growth of 1.1%, year on year, in 2020. The performance of the business in 2020 has been stellar compared to 2019 in terms of net profit. The company has made a net profit of BDT 1,574 million compared to BDT 169 million a year earlier. It claims that the growth has been due to operational efficiency.[[[1]>>path:#_ftn1]] However, a close inspection of the income statement shows that the company experienced a revenue growth of BDT 811 million, and decreased administrative expenses and operating expenses by BDT 1,182 million and BDT 956 million, respectively, in 2020. These factors have contributed to the huge increase in profits. The earnings per share (EPS) has increased from BDT 0.04 in 2019 to 0.33 in 2020.
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	67	+The company has made contribution to the government of Bangladesh by payments in the form of tax, VAT, revenue sharing, and duties. As the revenue and profits of the company is growing, so is the payment to the government.
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	69	+(% style="text-align:center" %)
	70	+[[image:contribution to govt.png||alt="contribution to the government" height="304" width="574"]]
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	76	+[[[1]>>path:#_ftnref1]] https:~/~/webapi.robi.com.bd/uploads/files/shares/Page/20210216_Robi_%20IR_Q42020_Final.pdf
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64	64	[[[1]>>path:#_ftnref1]] https:~/~/thefinancialexpress.com.bd/stock/bangladesh/bsec-cautious-about-robis-ipo-approval-1595737069
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66	66	[[[2]>>path:#_ftnref2]] https:~/~/www.thedailystar.net/business/news/robis-stock-market-debut-thursday-2015225