FE Report
The initial public offering (IPO) subscription of Tosrifa Industries Ltd began Tuesday while IPO subscription of Olympic Accessories Ltd will take place next month, officials said.
Olympic Accessories: The public subscription of Olympic Accessories will begin April 19 and remain open till April 23 for resident Bangladeshi and it will be continued till May 2 for non-resident Bangladeshi (NRB).
The securities regulator - Bangladesh Securities and Exchange Commission (BSEC) gave a green light to Olympic Accessories to raise Tk 200 million from the public on February 25.
The company is set to float 20 million ordinary shares of Tk 10 each to raise the fund, the stock market, according .
Olympic Accessories will use the fund from the initial public offering for the construction of a new factory building and purchasing machinery.
The company's earnings per share (EPS) as of June last year stood at Tk 1.43 with a net asset value (NAV) per share of Tk 16.34.
PLFS Investments and CAPM Advisory are the issue managers of the IPO.
Olympic Accessories is engaged in manufacturing, processing, printing, cutting, sealing and assembling of all kinds of carton, poly bag, hanger, elastic, draw cord, back board, neck board, ribbon, gum tape, label, twill tape, interlining, bar code and hangtag, according to its website.
babulfexpress@gmail.com
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