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Bashundhara Paper makes debut Monday

FE Report | Published: June 28, 2018 10:38:00 | Updated: June 28, 2018 15:59:28


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Bashundhara Paper Mills Limited is set make its share trading debut on July 2 (Monday) on the Dhaka and Chittagong bourses under "N" category.

DSE trading code for the company is "BPML" and company code is 19512 while CSE scrip Id is 19011 and scrip code is "BPML", officials said.

Bashundhara Paper Mills, a concern of the country's leading business conglomerate - Bashundhara Group, raised a capital worth Tk 2.0 billion by floating more than 26 million ordinary shares under the book-building method.

In August 2017, Bashundhara Paper received approval from the Bangladesh Securities and Exchange Commission (BSEC) to conduct the bidding process for determining the cut-off price for its IPO shares.

The company conducted electronic bidding in October 2017 and the cut-off price was fixed at Tk 80, including a premium of Tk 70, for a share of Tk 10 each for the eligible institutional investors.

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