The primary shares of BD Paints Limited have been credited to the beneficiary owners (BO) accounts of its investors by the Central Depository Bangladesh Limited (CDBL).
The company’s qualified investor offer (QIO) subscription period ended on May 26, 2022. The Bangladesh Securities and Exchange Commission (BSEC) permitted the company to raise Tk12 crore through a QIO from the stock exchanges’ SME board on April 12 this year.
The company, which was founded in 2014, issued 1.2 million ordinary shares with a face value of Tk10. BD Paints would spend Tk1.7 crore on construction, Tk5.5 crore on machinery installation, and Tk4.54 crore on working capital out of the total.
The company’s issue managers are CAPM Advisory Limited and Prime Bank Investment Limited. Within three years following its debut on the SME market, the company will not be permitted to issue bonus shares.
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