A view of Dhaka Stock Exchange in Bangladesh
Dhaka, Bangladesh (BBN)- The newly listed Bashundhara Paper Mills Limited dominated the turnover chart on the Dhaka Stock Exchange (DSE) for the third straight week that ended on Thursday.
According to statistics available with the DSE, about 13 million shares of Bashundhara Paper Mills were traded, generating a turnover of BDT 2.14 billion.
It was 4.42 percent of the premier bourse’s total transaction. The total turnover stood at BDT 48.50 billion last week on the DSE.
The company’s share price closed at BDT 153.20 on Thursday, the last trading day of the week, losing 15.64 percent over the week before.
Bashundhara Paper Mills, a concern of the country’s leading business conglomerate, Bashundhara Group, raised a capital worth BDT 2.0 billion by floating more than 26 million ordinary shares under the book-building method.
The IPO fund will be used to purchase machineries of about BDT 1.35 billion, repay bank loans of about BDT 600 million and bear the IPO expenses of about BDT 50 million.
The company’s (un-audited) net profit after tax stood at BDT 321.76 million in the nine months for the period from July, 2017 to March, 2018.
The post-IPO EPS stood at BDT 1.85 for the period from July, 2017 to March, 2018.
The net asset value (NAV) per share was BDT 34.07 as of March 31, 2018.
The company’s paid-up capital is 1.73 billion, authorised capital is BDT 5.0 billion and the total number of securities is 173.79 million.
Sponsor-directors own 66.14 percent stake in the company while institutional investors 8.99 percent and the general public 24.87 percent as on June 30, 2017, the DSE data shows.
The Bashundhara Paper Mills produces different types of papers and paper products.
Apart from Bashundhara Paper, the most active shares of the BBS Cables were shares of BDT 1.59 billion changing hands, followed by Ratanpur Steel Re-rolling Mills BDT 1.52 billion, United Power BDT 1.39 billion and Singer BD BDT 937 million.
Pacific Denims was also included in the week’s top turnover list with shares worth BDT 923 million changing hands, followed by Beximco BDT 912 million, Legacy Footwear BDT 862 million Paramount Textile BDT 804 million and Monno Ceramic BDT 731 million.
BBN/SSR/SR