Mamun Agro’s QIO application is January 23-26

Staff Reporter: Mamun Agro Products Limited is coming to the capital market. The company will accept applications for the Qualified Investor Offer (QIO) from January 23-26. On October 26, the capital market regulator Bangladesh Securities and Exchange Commission (BSEC) approved the company’s application.

According to DSE, the company will raise Tk 10 crore through QIO by issuing 1 crore shares at a face value of Tk 10. This money will be spent on factory building and other construction, meeting current capital demand and issue management.

At the end of the third quarter ended March 31, 2021, the company’s earnings per share (EPS) has been 98 paise. Excluding revaluation reserves, the company’s net asset value per share (NAVPS) as on March 31, 2021 was Rs 15.25.

The issuing company will not be able to issue any bonus shares for the next 3 years from the date of transaction on the SME platform.

BMSL Investment Limited and Uttara Finance Capital Management Limited are in charge of issue management of the company respectively.

Source: Daily StockBangladesh by

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