Home ›› 23 Aug 2021 ›› Stock
The subscription process of initial public offering (IPO) shares of Oryza Agro Industries Ltd is all set to commence from September 5.
The qualified investors will be able to subscribe the IPO shares through electronic subscription system under fixed price method until September 9, according to a disclosure made the Dhaka Stock Exchange on Sunday.
The company will raise a total of Tk 10 crore by offloading its 1 crore shares. The amount will be used for acquisition of machinery and equipment, partial repayment of long term loan and for IPO expenses.
The qualified investors will require paying full subscription amount through banking channel between 10am to 2pm, the disclosure added.
The Bangladesh Securities and Exchange Commission approved the company’s application for subscriptions of SME platform in stock market on July 14.
