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BD Thai Food makes debut today

January 24, 2022 00:00:00


BD Thai Food & Beverage Ltd will make trading debut on Dhaka Stock Exchange (DSE) and Chittagong Stock Exchange (CSE) today (Monday) under the settlement category "N". The DSE trading code for the company is "BDTHAIFOOD" and DSE company code is 14297 while the CSE scrip ID is 14029 and scrip code is "BDTHAIFOOD," according to a disclosure on Sunday. The food and beverage producer, which received regulatory approval from the Bangladesh Securities and Exchange Commission on October 3, 2021, raised Tk 150 million from the capital market under the fixed price method. As per the regulatory approval, the company offloaded 15 million ordinary shares at an offer price of Tk 10 each. Its IPO subscription was held between December 23 and December 29, 2021. Each general investor received a minimum 26 shares of BD Thai Food under the pro-rata basis while non-resident Bangladeshi investors got 20 shares against application of Tk 10,000. The investors applied for 29.09 times higher applications than the IPO shares offered by the company, according to the DSE. The company will utilise the IPO proceeds for purchasing machinery and equipment, developing land, complete construction of a new factory building and bearing the IPO expenses.

— FE REPORT


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