JMI Hospital Requisite Manufacturing, which made its shares trading debut today (Thursday), posted a 9.47 per cent increase in profits for the second quarter (Q2) for October-December, 2021.
In a filing with Dhaka Stock Exchange on Wednesday, the company said its un-audited profits increased to Tk 59.77 million for October-December, 2021, up by 9.47 per cent, from Tk 54.60 million in the corresponding period.
The medical equipment manufacturer has also reported basic earnings per share (EPS) of Tk 0.66 for October-December, 2021, as against Tk 0.61 for the same period a year earlier.
However, post-IPO basic EPS for October-December 2021 would be Tk 0.48.
Besides, the company's profit for six months for July-December, 2021 stood at Tk 116.21 million as against Tk 109.21 million for July-December, 2021.
The company's basic EPS for six months until December 2021, stood at Tk 1.29 as against Tk 1.21 for July-December, 2020.
However, post-IPO EPS would be Tk 0.93 for six months until December 2021.
The company's pre-IPO net asset value (NAV) per share would be Tk 32.78 as on 31 December 2021 and the same would be Tk 29.54, considering post-IPO paid-up share.
The JMI Hospital Requisite will make its shares trading debut on the bourses today (Thursday) under the settlement category "N".
JMI Hospital Requisite raised Tk 750 million under the book-building method. The cut-off price of its share was fixed at Tk 25 each through electronic bidding held between January 9 and January 12 -- a requirement for going public under the book-building method.
Each general investor got 51/52 IPO shares while non-resident Bangladeshi received 58 shares against the application of Tk 10,000, as the prime bourse allocated IPO shares under the pro-rata basis.
The company will utilise the IPO proceeds for purchasing machinery, constructing building, land development, repaying bank loans and bearing the IPO expenses.
The company's paid-up capital is over Tk 1.25 billion and authorised capital is Tk 3.0 billion while the total number of securities is 125.29 million.
Sponsor-directors own 32.32 per cent stakes in the company, while the institutional investors own 39.23 per cent and the general public 28.45 per cent as on June 30, 2021 (The year-end).
JMI Hospital Requisite Manufacturing has been manufacturing and selling a wide range of medical devices and their component products in Bangladesh since 2013 and trading of healthcare related equipment since 2010.
Janata Capital and Investment is the issue manager of the JMI Hospital Requisite.