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The JMI Hospital Requisite Manufacturing Limited will open initial public offering (IPO) subscriptions for Tk 75 crore public issues today under the book-building method.
The subscription process will continue until March 3, according to a Dhaka Stock Exchange source.
Earlier, the company completed electronic bidding and explored its cut-off price of shares - a requirement for going public under the book building method.
The company’s electronic bidding under the book building method took place for 72 hours – from 5:00pm on 9 January to 5:00pm on 12 January.
Its cut-off price per share is fixed at Tk 25 through electronic bidding. Individual investors will be able to purchase the remaining shares at Tk 20 per share.
The medical instrument and hospital equipment manufacturer received the regulator’s consent on November 25 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.
JMI Hospital Requisite Manufacturing Ltd has a trading and distribution business of medical instruments. Its factory is situated at Gazaria in Munshiganj.
