Dhaka, Bangladesh (BBN)- The IPO (initial public offering) subscription of Global Heavy Chemicals will start from December 9 and end on December 13 this year for resident Bangladeshis, officials said.
For non-resident Bangladeshis (NRBs) the subscription will remain open from December 9-22, the company statement said on Saturday.
The Securities and Exchange Commission (SEC) approved the IPO proposal of Global Heavy Chemicals on September 26 this year.
The company will offload 12 million ordinary shares at an offer price of BDT 20, including a premium of BDT 10 for each share of BDT 10, according to the company’s proposal.
The company’s current paid-up capital is BDT 600 million and it will stand at BDT 720 million after offloading shares through the IPO.
According to the audited financial statement of the company for the year that ended on December 31, 2011, the company’s earning per share (EPS) is BDT 3.71 and net asset value (NAV) per share is BDT 54.43.
BBN/SSR/AD-01Dec12-9:30 pm (BST)
