Bangladesh Securities and Exchange Commission on Tuesday approved the initial public offering of FC Agro Biotech for issuing 1.20 crore shares at the price of Tk 10 each.
The BSEC decision came in a regular commission meeting presided over by its chairman M Khairul Hossain. The company will raise Tk 12 crore throughthe IPO and spend the money for purchasing
machineries and bear IPO expenses.
According to FC Agro Biotech’s half-yearly financial statement published in June 2013 the earning per share of the company is Tk 1.01 and net asset value is Tk 11.10.
The BSEC in the same meeting approved Tk 220 crore subordinate floating rate bond of One Bank with a maturity period of seven years.
One Bank will offer the bond to corporate, financial institutions and high net worth individuals
except the existing shareholders and use
the money for strengthening the Tire II capital of the bank.
The face value of each lot of the bond will be Tk 10 lakh and the coupon rate will be an average of six months fixed deposit rate plus three per cent.
-With New Age input
