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The subscription process of qualified investor offer (QIO) of Master Feed Agrotec has been scheduled to commence on September 12.
The qualified Investor can subscribe for the shares until September 16, says company sources.
The Bangladesh Securities and Exchange Commission (BSEC), at the 784th meeting on July 14, allowed the company to raise fund from the capital market.
The company will raise Tk 10 crore through QIO by issuing 1 crore shares, with face value of Tk10 each. The money raised will be spent on working capital and issue management costs.
As per it’s financial report, the company’s earnings per share (EPS) stood at Tk 0.68 and net asset value (NAVPS) without revaluation reserves stood at Tk14.08 as on December 31, 2020.
As per rules, the company will not be able to issue any bonus shares for the next 3 years from the date of transaction on the SME platform.
The issue managers of the company are NBL Capital and Equity Management and Asian Tiger Capital Partners Investment.
According to the company’s website, “Master Hatchery and Poultry Feed Limited” was incorporated on 20th June, 2011. The Company changed its name to “Master Feed Agrotec Limited” on 01 July, 2018.
