Deshbandhu Polymar to issue IPOs

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Jasim Uddin Haroon
Securities and Exchange Commission (SEC), the capital market regulatory body, has allowed Deshbandhu Polymar Limited (DPL) to raise paid-up capital through issuance of ordinary shares, officials said.
DPL, a leading plastic bag manufacturer, wanted to raise paid-up capital to Tk160 million from Tk100 million for expansion of its plant located at Polash in Narsingdi.
The SEC in its letter issued January 3 gave its consent to realise fund worth Tk 60 million from the market. The face value of each share will be Tk 10, SEC said.