The stockmarket regulator yesterday green-lit the initial public
offering (IPO) of Khulna Printing and Packaging to raise Tk 40 crore
from the public.
The packaging company will float four crore
ordinary shares worth Tk 10 each to raise the fund to meet working
capital needs and pay back bank loans.
Sonali Investment will manage
the IPO, Bangladesh Secu-rities and Exchange Commission said in a
statement.
IPO Form
IPO Result
|
|
Company Address:
M/S Khulna Printing and Packaging
|
The company's earnings per share stood at Tk 2.82 and net
asset value per share at Tk 24.26 on June 2013. It will be the second
listed company under the paper and printing category.
Khulna
Printing and Packa-ging, a sister concern of Lockpur Group, produces
packaging materials for export industries, especially for frozen
shrimps, according to the company's website.
The firm produces
polybags, non-printed polybags in different sizes, sticker and rider.
At yesterday's meeting, the BSEC also fined Southeast Bank Capital
Services, a merchant bank, Tk 2 lakh on charges of providing credit for
non-marginable shares.