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The Financial Express
Swasti Lankabangla Swasti Lankabangla

IPO subscription of Bashundhara Paper Mills begins April 30

| Updated: April 30, 2018 14:42:05


IPO subscription of Bashundhara Paper Mills begins April 30

The IPO subscription of Bashundhara Paper Mills Limited begins April 30 and ends May 9.

The company will raise Tk 2.0 billion with a face value of Tk 10 each.  However, the offer price is Tk. 80 with the premium of Tk 70 per share.

Bashundhara Paper Mills Limited (BPML) is one of the major concerns of Bashundhara Group. The principal activities of the company is manufacturing different types of paper and allied products in “Unit-1 & Unit-2” tissue and allied products in “Unit-3” and marketing the same for domestic consumption as well as for exports.

A total of 67.50 per cent of the IPO fund will be used for Expansion of Business (installation of factory machinery) while, 30.00 per cent for Repayment of Bank loan and 2.50 per cent for IPO expenses.

The market lot is 100 units. The EPS was Tk. 2.61 for the period ended on June 30, 2017 while, NAV was Tk. 31.85 as on June 30, 2017.

The major products of the company are Paper & Tissue, PP Woven Bag, Paper Sack Bag, Duplex Board , Sludge Board, Sanitary Napkin, Baby Diaper, Kitchen Towel, Hand Gloves etc.

AAA Finance and Investment Limited is the issue manager.

-rmc//

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