MK Footwear PLC has successfully allocated 361 shares to each eligible investor through the qualified investor offer (QIO), with a subscription fee of Tk200,000 per share. The Dhaka Stock Exchange received an overwhelming response, with applications worth Tk553.66 crore, indicating an oversubscription of 55.37 times per share. The QIO subscription period took place from 11th to 15th June, following approval from the Bangladesh Securities and Exchange Commission (BSEC). The company plans to issue 1 crore shares with a face value of Tk10 each, utilizing the raised funds for machinery purchases. Alpha Capital Management Limited is acting as the issue manager and underwriter for MK Footwear’s QIO. As a specialized manufacturer and exporter of leather and synthetic footwear, MK Footwear PLC has witnessed significant growth, reporting a revenue of Tk126.88 crore and a net profit of Tk10.31 crore in the fiscal year 2021-2022.
MK Footwear PLC Allots 361 Shares to Investors
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