Image Source : Nahee Aluminium
FE Report
The securities regulator has approved the IPO (initial public offering) proposal of Nahee Aluminium Composite Panel which will raise a capital worth Tk 150 million under fixed price method.
The regulatory approval came Thursday at a meeting held at the office of the Bangladesh Securities and Exchange Commission (BSEC).
The Nahee Aluminium Composite Panel will float 15 million ordinary shares of Tk 10 each for raising the said amount, the BSEC said.
According to the BSEC, the company's IPO proceeds will be used for building construction, expansion of business, setting up new machineries, pay off bank loan and IPO expenses.
The company has reported earnings per share (EPS) of Tk 2.33, according to its financial statement for the year ended on 30 June, 2016.
Without valuation, the company's reported its net asset value (NAV) per share of Tk 12.78 for the year ended on June 30, 2016.
Banco Finance & Investment is acting as the issue manager of the IPO of Nahee Aluminium Composite Panle.
After completing all procedures, the Nahee Aluminium Composite Panle will be the 34th listed company in the engineering sector in the prime bourse.
According to the company's official website, Nahee Aluminium Composite Panel, located at Sreepur in Gazipur, is pioneer of Aluminium Composite Panel (ACP) manufacturer in Bangladesh. It was incorporated in 2010.
The company's managing director Engr. Abu Noman Howlader is also the managing director of BBS Cables, Bangladesh Building Systems (BBS), BBS Metallurgic Industries, Helix Wire & Cables, the company's website said.
"These companies are also market leader in their relevant field."
Of the four companies, the BBS was listed with the bourses in 2013 and BBS Cables recently got IPO approval and is waiting for debut trading.
"Aluminum composite panel mainly include PVDF coating aluminum composite panel, polyester coating aluminum composite panel, fire resistance aluminum composite panel, Nano PVDF coating aluminum composite panel, Brush finish aluminum composite panel, Mirror finish aluminum composite panel," the company said in its official website.
mufazzal.fe@gmail.com
The securities regulator has approved the IPO (initial public offering) proposal of Nahee Aluminium Composite Panel which will raise a capital worth Tk 150 million under fixed price method.
The regulatory approval came Thursday at a meeting held at the office of the Bangladesh Securities and Exchange Commission (BSEC).
The Nahee Aluminium Composite Panel will float 15 million ordinary shares of Tk 10 each for raising the said amount, the BSEC said.
According to the BSEC, the company's IPO proceeds will be used for building construction, expansion of business, setting up new machineries, pay off bank loan and IPO expenses.
The company has reported earnings per share (EPS) of Tk 2.33, according to its financial statement for the year ended on 30 June, 2016.
Without valuation, the company's reported its net asset value (NAV) per share of Tk 12.78 for the year ended on June 30, 2016.
Banco Finance & Investment is acting as the issue manager of the IPO of Nahee Aluminium Composite Panle.
After completing all procedures, the Nahee Aluminium Composite Panle will be the 34th listed company in the engineering sector in the prime bourse.
According to the company's official website, Nahee Aluminium Composite Panel, located at Sreepur in Gazipur, is pioneer of Aluminium Composite Panel (ACP) manufacturer in Bangladesh. It was incorporated in 2010.
The company's managing director Engr. Abu Noman Howlader is also the managing director of BBS Cables, Bangladesh Building Systems (BBS), BBS Metallurgic Industries, Helix Wire & Cables, the company's website said.
"These companies are also market leader in their relevant field."
Of the four companies, the BBS was listed with the bourses in 2013 and BBS Cables recently got IPO approval and is waiting for debut trading.
"Aluminum composite panel mainly include PVDF coating aluminum composite panel, polyester coating aluminum composite panel, fire resistance aluminum composite panel, Nano PVDF coating aluminum composite panel, Brush finish aluminum composite panel, Mirror finish aluminum composite panel," the company said in its official website.
mufazzal.fe@gmail.com
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