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JMI Hospital Requisite Manufacturing Limited will open the bidding for its share price discovery under the book-building method on January 9.
The eligible investors (EIs) will explore the cut-off price of the shares until 5pm January 12.
The valuation report submission period for eligible investors through the electronic subscription system will start on January 13 and continue until January 17, according to Dhaka Stock Exchange data.
The medical instrument and hospital equipment manufacturer received the regulator’s consent on November25 for raising Tk 75 crore from the capital market through IPO shares.
According to the IPO proposal, the company will spend the fund on purchasing machinery and land and use it for loan repayment.
The participating EIs will be required to pay full bid amount and bidding fee – Tk 5,000 -- through Mercantile Bank Limited.
The minimum bidding value shall be notified later.
JMI Hospital Requisite Manufacturing Ltd has a trading and distribution business of medical instruments. Its factory is situated at Gazaria in Munshiganj.
The company had earlier applied to the BSEC for IPO. But in July 2020, the commission rejected the application as the company failed to comply with the regulatory requirements.
