Master Feed’s QIO share subscription begins today

The subscription process of shares of Master Feed Agrotec Limited is all set to begin on Sunday. The company will raise Tk 10 crore through qualified investor offer (QIO) shares.

The share subscription will be completed through electronic subscription system (ESS) under fixed-price method at the stock exchanges and will continue till 5:30 pm on September 16.

As per the regulatory approval, Master Feed Agrotec will raise the fund by issuing 10 lakh ordinary shares of Tk 10 each.

The Bangladesh Securities and Exchange Commission (BSEC), on July 14, approved the company’s proposal for raising capital through QIO.

The fund will be raised through the exchanges’ SME platform, introduced earlier to ensure long-term financing for the small-capital companies.

As per regulatory rules, the company will not be allowed to declare bonus dividends in three years after commencing trading on the SME board.

Only qualified investors are allowed to receive shares through QIO and general investors are not allowed to apply for the shares.

The company will utilize the proceeds for working capital and issue-management costs.

The company has reported earnings per share (EPS) of Tk 0.68 and net asset value (NAV) per share of Tk 14.08 (without revaluation reserve) for the year ended on December 31, 2020.

Asian Tiger Capital Partners Investments and NBL Capital & Equity Management are working as issue managers of Master Feed Agrotec.

In addition to poultry and fish farming, manufacturing and marketing poultry, fish, and cattle feeds are the main businesses of the company.

The company’s goal is to offer health optimal zing solutions on each and every level of the modern poultry industry, with respect for man, animal and environment.

The company offers a broad range of high-quality poultry and fish feed and various kind of fish maintaining highest quality standards.

Businesses with small capitals – as low as Tk5 crore – get listed with the country’s stock exchanges, as per the Bangladesh Securities and Exchange Commission (Qualified Investors Offer by Small Capital Companies) Rules, 2018.