Home ›› 17 Nov 2021 ›› Stock
JMI Hospital Requisite Mfg has received a green signal from the securities regulator to go public.
The commission approved an initial public offering (IPO) of the company to raise Tk 750 crore through the book-building method, said the Bangladesh Securities and Exchange Commission (BSEC) in a statement on
Tuesday.
The IPO proceeds will be spent on purchasing equipment, construction, land development, loan payment and meeting IPO costs.
According to the company’s audited financial statements as of June 30, 2020, the net asset value (NAV) without revaluation was Tk 27.78 and NAV with revaluation Tk 29.99. And the earnings per share (EPS) was Tk 2.42 at the weighted average rate of the last 5 years. The paid-up capital is Tk 90 crore.
The BSEC also approved the draft prospectus of the open-end HFAML Shariah Unit Fund. The initial size of the fund would be Tk 25 crore. Of the figure, HF Asset Management Limited will provide Tk 2.5 crore as the sponsor and the remaining will remain open for subscription for the general investors. Per unit price of the fund is Tk 10.
The regulator also approved the open-end Bangladesh RACE Management Private Company Limited.
Its initial size is Tk 25 crore. Of the figure, the fund manager will provide Tk 2.5 crore as the sponsor and the remaining will remain open for subscription for the general investors. Per unit price of the fund is Tk 10.
