Khulna Printing and Packaging IPO Approved

   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 51, Khan-A-Sabur Road. Khulna. Phone: + 880 14 800 174, FAX: + 880 14 800 403 E-mail: kppl_07@yahoo.com; kppl@btcl.net.bd Web: http://khulnapackaging.wix.com/khulnapackaging

    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.