Achia Sea Foods opens QIO subscription on June 19

Achia Sea Foods, a small and medium enterprise, is all set to open its Qualified Investor Offer (QIO) for subscription from June 19.

The five-day subscription process will continue until June 23, said the company in a filing with the Dhaka Stock Exchange (DSE) on Tuesday.

On April 4, Achia Sea Foods got QIO approval from Bangladesh Securities and Exchange Commission (BSEC) to raise Tk 15 crore.

The company will use the money for balancing, modernization, and loan payments, and will issue 1.5 crore general shares, each priced at Tk 10.

According to the financial statement for the period of July 1, 2020, to June 30, 2021, the company’s Earnings Per Share (EPS) is Tk 1.88 and the Net Asset Value (NAV) (without revaluation) per share is Tk 17.07. Achia Sea Foods’ issuer is AAA Finance and Investment Limited.

Achia Sea Foods is a shrimp producer company in the frozen food processing industry. It was launched on December 27, 1993.