Dhaka, Bangladesh (BBN): Trading of the shares of Orion Pharma will begin on the Dhaka Stock Exchange and Chittagong Stock Exchange tomorrow (Wednesday) under ‘N’ category, officials said.
Earlier on 6 March, the DSE board gave listing approval of the Orion Pharma at its board meeting. Orion Pharma is the 22th listed company in the Pharmaceuticals and Chemicals sector.
Using a fixed-price method, Orion Pharma floated 40 million ordinary shares of BDT 10 each at an offer price of BDT 60, including a premium of BDT 50.
The company’s earnings-per share is BDT 5.57 and net asset value per share is BDT 76.86, according to its 2011 financial statements.
From 6-10th January Orion Pharma collected IPO application from resident Bangladeshi investors. NRB investors got 9 days more time to apply.
After finishing all process Initial Public Offering (IPO) lottery of Orion Pharma was held 7 February, 2013.
The Bangladesh Securities and Exchange Commission (BSEC) approved IPO prospectus of Orion Pharma 16 October last year.
BBN/BB/AD/19Mar-13-11.05am (BST).
