9 companies in IPO pipeline
There are 9 companies in the pipeline to be listed in the country’s capital market. The companies want to raise around Rs 450 crore in the initial public offering (IPO) process. The companies have already submitted applications to the Bangladesh Securities and Exchange Commission (BSEC), the regulator of the capital market.
The companies are BD Paints, Three Angle Marine, Anik Trims, Subra Systems, Beka Garments and Textile, JMI Hospital Requirement Manufacturing, Solid Feed Mills Limited, Islam Oxygen Limited (IoL).
BD Paints wants to raise a capital of Tk 20 crore. CAPM Advisory, EBL Investments and Midas Investments are managing the company’s issues.
Three Angle Marine wants to raise a capital of Tk 32 crore. The issue management of the company is handled by Banco Finance and Investment and Janata Capital and Investment.
Anik Trims wants to raise a capital of Rs 30 crore. The company’s issue management is handled by Imperial Capital, CAPM Advisory and Rupali Investment.
Subra Systems wants to raise a capital of Tk 30 crore. Imperial Capital is managing the company’s issues.
Beka Garments and Textile wants to raise a capital of Tk 35 crore. Sonar Bangla Capital Management is in charge of issue management of the company.
Solid Feed Mills Limited wants to enter the capital market through Qualified Investor Offer (QIO) on SME platform. The company has expressed interest in raising Rs 10 crore from the capital market on a fixed price basis
JMI Hospital Requisite Manufacturing wants to raise Tk 75 crore from the stock market through an IPO of book building method. Janata Capital & Investment is managing the issue of the company.
Islam Oxygen Limited (IOL) wants to enter the capital market through initial public offering (IPO) in book building method. The authorities of the country’s best gas producing company want to raise Rs 93 crore from the capital market for further business expansion.
Asiatic Laboratories Limited, a pharmaceutical company, will enter the capital market through book building method. The company will raise Rs 95 crore from the market through an IPO. And a large part of this money will be spent on expanding the company’s business.