Bashundhara Paper Mills Ltd will make its share trading debut today (Monday) on the Dhaka and Chittagong Stock Exchanges under "N" category.
DSE trading code for the company is "BPML" and company code is 19512 while CSE scrip Id is 19011 and scrip code is "BPML", officials said.
The company's (un-audited) net profit after tax stood at Tk 321.76 million in the nine months for the period from July, 2017 to March, 2018.
The post-IPO EPS stood at Tk 1.85 for the period from July, 2017 to March, 2018. The net asset value (NAV) per share was Tk 34.07 as of March 31, 2018.
Bashundhara Paper Mills, a concern of the country's leading business conglomerate, Bashundhara Group, raised a capital worth Tk 2.0 billion by floating more than 26 million ordinary shares under the book-building method.
The company conducted electronic bidding in October 2017 and the cut-off price was fixed at Tk 80, including a premium of Tk 70, for a share of Tk 10 each for the eligible institutional investors.
Of the total issued shares, the eligible investors got about 60 per cent or 15.62 million shares at the cut-off price of Tk 80 each as per the book-building method.
The remaining 10.40 million or 40 per cent shares issued to the general public, including non-resident Bangladeshis, at 10 per cent discount on the cut-off price of Tk 72 each.
The IPO fund will be used to purchase machineries of about Tk 1.35 billion, repay bank loans of about Tk 600 million and bear the IPO expenses of about Tk 50 million.
AAA Finance & Investment is working as issue manager for Bashundhara Paper's IPO.
The Bashundhara Paper Mills produces different types of papers and paper products.