BD Thai Food Prospectus Approval

Staff Reporter: The prospectus of BD Thai Food and Beverage Limited, which is in the process of initial public offering (IPO), has been approved by the Bangladesh Securities and Exchange Commission (BSEC). The company’s prospectus was approved on Sunday, November 21. The company’s IPO application date will be set soon, sources said.

According to the information received, the IPO of the company was approved by the regulatory body at the 693rd meeting of BSEC on October 3. The company will raise Tk 15 crore by issuing 15 million ordinary shares at a face value of Tk 10.

The money raised from the capital market will be used for factory building and other construction, installation of electrical equipment, purchase of new machinery and equipment, cost of IPO, etc.

The net asset value per share (NAVPS) of the company excluding revaluation on June 30, 2020 was 12.72 paise. And after revaluation, NAVPS is 14 rupees 23 paise. The company’s average earnings per share or EPS for the last 5 years was 63 paise.

The issue managers of the company are BLI Capital Limited and Unicap Investment Limited.

Source: Daily StockBangladesh by

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