Home ›› 12 Jan 2022 ›› Stock
Mamun Agro Product Ltd, a small and medium enterprise, is all set to open for subscription from January 23.
The five-day qualified investor offer (QIO) will start for electronic subscription from 23 to 27 January, said the company in a filing with the Dhaka Stock Exchange (DSE) on Tuesday.
In October last year, Mamun Agro got QIO approval from the securities regulator BSEC to raise Tk 10 crore through qualified investors.
Institution investors as wells as individual investors with an investment of Tk 1 crore in the market will be considered as qualified investors.
The institutional investors included merchant bankers, asset management companies, mutual funds, stock dealers, banks, financial institutions, insurance companies, alternative investment funds, and market makers.
Mamun Agro will utilise the QIO proceeds in constructing buildings, strengthening capital and meeting the QIO expenses.
Its net asset value per share (without revaluation reserve) stood at Tk 15.25 and earnings per share Tk 0.98, according to its nine months of financial statement ended on March 31, 2021.
Established in 1998, the company’s main business is to import and formulate Pesticides (Insecticides, Fungicides, Herbicides/weedicides, Miticides etc), Micro-nutrients Fertilizers, Plant Growth Regulators (PGR), Seeds and Aquatic products.
