Intake Limited Ignites Investor Interest Despite Losses

Following the footsteps of Bangladesh’s first internet service provider, Information Services Network (ISN), another technology company, Intake Limited, listed on the country’s prime bourse, Dhaka Stock Exchange (DSE), has surged to the top of investors’ preference. The company’s share price soared by 60.64 percent over the past week. By the end of the week, the share price stood at Tk 45.30, compared to Tk 28.20 at the end of the previous week.

Market data shows that in just 18 days, Intake’s share price has more than doubled. On Wednesday, September 3, the fourth trading day of the week, the company’s share price jumped by Tk 3.70 or 9.86 percent. Ranked second on the weekly gainers’ list was Bdcom, whose share price rose by 7.89 percent. Earlier, from August 17–28, ISN had topped the gainers’ chart with a 9.99 percent rise.

According to financial reports, similar to ISN’s profile as a “secured partner for digital services,” Intake Limited is widely considered a company with a weak financial base. Since its enlistment in 2002, the company has accumulated losses totaling Tk 314.9 million. Despite this, its shares have become a favorite among a section of investors.

Throughout the past week, Intake’s shares hit the upper circuit breaker limit on all five trading days. The DSE authorities described the price hike as “abnormal,” but this warning did not dampen the rally. Market statistics reveal that on August 17, each share of Intake was priced at Tk 20.90. By September 4, the price had climbed by Tk 24.40, or 116.75 percent, to Tk 45.30. Effectively, an investor who bought shares worth Tk 1 million on August 17 would have seen the market value swell to Tk 2.167 million by September 4—securing a profit of over Tk 1.167 million in just 18 days.

However, financial performance tells a different story. In the three months from January to March this year, the company incurred a loss of Tk 0.11 per share. Over the nine months from June 2024 to March 2025, the loss amounted to Tk 0.29 per share. For the first three quarters of FY2024–25 (July–March), the per-share loss also stood at Tk 0.29, compared to earnings per share (EPS) of Tk 0.28 in the previous year. By March 31, 2025, net liability per share rose to Tk 0.35.

In FY2023–24, the company declared a 0.20 percent cash dividend for investors, recording an EPS of Tk 0.16 compared to a loss of Tk 0.74 per share in the prior fiscal year. By June 30, 2024, the company’s net liability per share was Tk 0.05.

In FY2022–23, Intake’s board declared no dividend, while the per-share loss was Tk 0.74, compared to Tk 1.15 the previous year. By June 30, 2023, the company’s net liability per share was Tk 0.21.

In FY2021–22, no dividend was declared, and the per-share loss was Tk 1.15, down from Tk 2.75 the year before. By June 30, 2022, its net asset value per share (NAVPS) was Tk 0.53.

In FY2020–21, no dividend was issued, and the per-share loss was Tk 2.75, compared to Tk 0.91 in the prior year. By June 30, 2021, NAVPS stood at Tk 1.67.

According to company records, Intake Limited has an authorized capital of Tk 1.20 billion and a paid-up capital of Tk 313.21 million, divided into 31.32 million shares. Of these, 30 percent are held by sponsor-directors, 17.06 percent by institutional investors, 0.22 percent by foreign investors, and the remaining 52.72 percent by general investors.