AFC Health IPO gets approval

Bangladesh Securities and Exchange Commission (BSEC), the regulator of the country’s capital market, has approved the Initial Public Offering (IPO) of AFC Health Limited to raise money from the stock market.

The approval was given at the 740th regular meeting of the commission on Wednesday (September 16).

This information has been obtained from a press release signed by BSEC Executive Director (Current Responsibilities) and Spokesperson Mohammad Rezaul Karim.

It is learned that AFC Health will raise 17 crore taka through the issuance of shares at face value. This money will be used to manage machinery and equipment purchases and IPO costs.

AFC Health's Earnings Per Share (EPS) for the 2018-19 financial year was 1.47 taka and the Net Asset Value Per Share (NAVPS) is 13.13 taka.

CAPM Advisory and Imperial Capital are working as the issue manager of the company.

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