FE Report
The Bashundhara Paper Mills, a sister concern of the Bashundhara Group, has moved to go public under the book building method.
The company has aimed to raise a fund worth Tk 2.0 billion by floating IPO (initial public offering) for purchasing machineries, repayment of bank loans and business expansion.
The company has already completed its road show to uphold financials, the reason of going public and future plan.
Mohammad Obaydur Rahman, managing director of the AAA Finance & Investment, said the company would modernise and import machineries with the IPO fund.
According to Rahman, of Tk 2.0 billion, Tk 1.2 billion will be used for machinery import, whereas Tk 400 million to Tk 600 million will be used for repayment of bank loans.
The paid-up capital of the Bashundhara Paper Mills is Tk 1.47 billion.
As per the financial statement for the year ended on December 31, 2015, the company's earnings per share (EPS) was Tk 3.63, which was Tk 4.40 in previous year.
The company's net asset value (NAV) per share was Tk 30.60 as of December 31, 2015 and Tk 30.92 as of December 31, 2014.
According to the company's profile, the Bashundhara Paper Mills Limited is a pioneer among the private sector paper producers in the country. The enterprise, since its inception in 1993, is helping the nation save huge amount of hard-earned foreign exchange by reducing dependence on imported paper products.
The Bashundhara Paper Mills produces different types of papers such as writing and printing paper, white printing paper, photocopy and sanitary paper, multipurpose paper, colour printing paper, ledger printing paper and bidi paper.
Besides, the Bashundhara Paper Mills also produces different types of tissues such as facial tissue, pocket tissue, toilet tissue, kitchen towel tissue and wet tissue.
AAA Finance & Investment is working as the issue manager of the Bashundhara Paper Mills.
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