IDLC inks IPO deal with Bengal Poly

FE Report

Bengal Poly and Paper Sack Limited has recently signed an agreement with IDLC Investments Limited to raise capital through Initial Public Offering (IPO).

IDLC Investments Limited will act as Manager to the Issue in this regard.

Bengal Poly and Paper Sack, a concern of Bengal Group of Industries, was incorporated in 2001. The company is a manufacturer of PP woven bags and kraft paper bags for the cement, food grain and poultry feed industries. The factory is located at Gazipur and has a production capacity of 59 million bags per year.

Jashim Uddin, Director, Bengal Poly & Md. Moniruzzaman, Managing Director, IDLC Investments signed the contract.

Humayun Kabir, Chairman of Bengal Poly, Hassan Shahid Sarwar FCA, CFO and Darul Awam Tuhin ACS, Company Secretary, Bengal Poly, Selim R.F. Hussain, CEO & Managing Director of IDLC Finance and Chairman of IDLC Investments, Rubayet-E-Ferdous, Chief Operating Officer, IDLC Investments and other high officials of Bengal Group and IDLC were also present on the occasion.
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