Parkway Packaging & Printing Limited, a concern of DBL Group, has decided to raise approximately Tk 30 crore from the capital market through an initial public offering (IPO) under the fixed price method.
The company has already appointed AAA Finance and Investment Limited as its issue manager to supervise the listing process, said the company.
On Thursday, MA Jabbar, managing director of the DBL Group, and Mohammad Obaydur Rahman, managing director of AAA Finance, signed the MoU from their respective sides.
The DBL Group’s corrugated carton manufacturing plant, Parkway Packaging & Printing Ltd, is fully automated.
The raw materials are imported from Australia, Indonesia, and Thailand. The factory has a floor area of 60,000 sq ft with a power supply of 24 hours from an in-house gas generator.
