Dhaka, Bangladesh (BBN)-The newly listed Aman Feed Limited dominated the week’s top turnover and gainer chart on the Dhaka Stock Exchange (DSE) that ended on Thursday.
A total of 20.23 million shares worth BDT 1.60 billion were changed hands during the three trading sessions that continued from September 1 to September 3.
The company made trading debut on September 1.
Daily average turnover for the fisheries and livestock feed producer and supplier company was BDT 533 million.
The week’s closing price of each Aman Feed share was BDT 79.5, registering an increase of 120 percent over the previous week.
Aman Feed, which received regulatory approval from the Bangladesh Securities and Exchange Commission (BSEC) in April this year, floated 20 million ordinary shares at an offer price of BDT 36 each, including BDT 26 as premium with ten taka share and raised a fund worth BDT 720 million from the public.
The fund raised through initial public offerings is being used for business expansion, repayment of long-term loan, working capital and IPO expenses, according to IPO prospectus.
The company’s net profit stood at BDT 215.73 million and basic EPS BDT 3.60 for the nine months period (July 2014 to March 2015) as against profit after tax of BDT 198.54 million and basic EPS of BDT 3.31 for the same period of the previous year.
However, considering Post-IPO 80,000,000 number of shares, company’s basic EPS would be BDT 2.70 for nine months (July 2014 to March 2015) and NAV per share would be BDT 34.77 as on 31 March 2015.
The company’s paid-up capital is BDT 800 million and authorised capital BDT 1,500 million.
It is the 13th listed firm in the miscellaneous sector that accounts for around 3.0 percent of the premier bourse’s total market capitalisation.
Of the total shares – 75 percent held by sponsor-directors, 2.5 percent by institutional investors and 22.5 per cent held by general public, according to DSE website.
The week’s other turnover leaders include Square Pharma with shares worth BDT 899 million changing hands followed by SPCL BDT 496 million, Lafarge Surma Cement BDT 484 million, Titas Gas BDT 417 million and United Power Generation & Distribution Company BDT 395 million.
National Feed Mills also came to the list as shares worth BDT 366 million were changed hands followed by Islami Bank BDT 357 million, FAR Chemicals BDT 331 million and Khan Brothers PP Woven Bags worth BDT 312 million changed hands during the week.