CDBL credits primary shares of BD Paints to investors’ accounts
The company, established in 2014, issued 1.2 crore ordinary shares at the face value of Tk10 each
The Central Depository Bangladesh Limited (CDBL) has credited the primary shares of BD Paints Limited to the beneficiary owners (BO) accounts of its investors.
The company has completed its qualified investor offer (QIO) subscription from 22 May to 26 May 2022.
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On 12 April this year, the Bangladesh Securities and Exchange Commission (BSEC) allowed the company to raise Tk12 crore through a QIO from the SME board of the stock exchanges.
The company, established in 2014, issued 1.2 crore ordinary shares at the face value of Tk10 each.
Of the amount, BD Paints will spend Tk1.7 crore on building construction, Tk5.5 crore on machinery installation, and Tk4.54 crore on working capital.
According to the company's audited financial statements as of 30 June 2021, its net profit stood at Tk4.83 crore, which was Tk3.13 crore in the previous year.
The paint manufacturer also saw an increase in revenue to Tk29.38 crore in the fiscal, from Tk23.36 crore a year earlier.
Its earnings per share stood at Tk0.97 and net asset value per share at Tk15.94 at the end of the fiscal.
CAPM Advisory Limited and Prime Bank Investment Limited are the issue managers for the company.
The company will not be able to issue bonus shares within three years of its debut on the SME platform.
