Staff Reporter: BD Thai Food and Beverages has been allotted shares among the applicants in the initial public offering (IPO). The general investors have been allotted 26 shares and the expatriate investors have been allotted 20 shares each.
Shares have been allotted among the applicants on Tuesday, January 11 on a pro-rata basis. For every Rs 10,000 application, Bangladeshi investors have been allotted 26 shares and expatriate investors have been allotted 20 shares each.
The company has received 29 times more applications against Tk 15 crore. Investors applied for the company’s IPO from December 23 to December 29.
On October 3, the Securities and Exchange Commission (BSEC) approved the company’s IPO to raise money from the stock market.
BD Thai Food issues 15 million ordinary shares at a rate of Tk 10 each to raise Tk 15 crore from the stock market. 15 per cent of these shares can be issued to employees. Which will be locked-in for 2 years.
The company will raise money from the stock market to spend on purchasing machinery and equipment, building buildings, land development and IPO costs.
According to the audited financial statements of the company for the financial year ended June 30, 2020, the net asset value without revaluation was Tk 12.72 and with revaluation it was Tk 14.23. The average earnings per share (EPS) for the last 5 years has been 0.73.
Source: Daily StockBangladesh by www.dailystockbangladesh.com.
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