GDCL signs issue management deal with Thai Foils & Polymer

Green Delta Capital Limited (GDCL) has recently signed an issue management agreement with Thai Foils & Polymer Industries Limited, a concern of Al-Mostafa Group.
Under this agreement, Green Delta Capital Limited has become the mandated Issue Manager for the upcoming Initial Public Offering (IPO) of Thai Foils & Polymer Industries Limited under Book Building Method, which will be listed on Dhaka Stock Exchange and Chittagong Stock Exchange, said a statement.
Mr. Md. Rafiqul Islam, Managing Director and CEO of Green Delta Capital Limited and Mr. Mostofa Kamal, Managing Director of Al-Mostafa Group have signed the agreement on behalf of their respective organizations for the IPO of Thai Foils & Polymer Industries Limited under Book Building Method.
Thai Foils & Polymer Industries Limited will raise approximately BDT 1.20 billion from the capital market through IPO subject to the regulatory approval. With the proceeds of IPO, the issuer will expand their business by producing industrial chemical products which has huge demand in the various industries of Bangladesh market including textile, pharmaceuticals, oil & gas, aluminum, pulp & paper, leather, cable, and even some house hold consumer goods.