Bangladesh Paints Ltd.’s Qualified Investor Offer (QIO) will open for subscription tomorrow (Sunday), with the goal of raising Tk 120 million using the fixed-price technique.According to a declaration filed on the Dhaka Stock Exchange (DSE) website, the paint manufacturer’s share subscription through the exchanges’ electronic subscription system (ESS) would close at 5:30 p.m. on May 26.
Only qualified investors (QIs) are permitted to submit subscription applications. Individual investors with a minimum investment of Tk 2.0 million in the listed securities as of May 11 would be considered qualified investors.The stock market regulator has reduced the minimum investment requirement for investors to qualify for the SME Platform to Tk 2.0 million. The previous limit was Tk 10 million.The move is intended to entice more investors to the SME Platform, which is seeing an increase in the number of SME scrips.The DSE’s SME Platform currently has 11 SME firms listed.Earnings per share for the year ended 30 June 2021 were Tk 0.97, and net asset value per share was Tk 15.94, according to the company’s certified financial statements.
