Bashundhara Paper Mills organises IPO road show

Bashundhara Paper Mills Limited organised a road show for floating initial public offering (IPO) under the book-building method for raising Tk 200 crore funds from the capital market.

Safwan Sobhan, one of the leading entrepreneurs of the country and Managing Director of the company, high officials, manager to the issue, registrar to the issue, representatives from the Dhaka Stock Exchange and the Chittagong Stock Exchange, merchant bankers, stock brokers, asset management companies and different banks were present at the event.

The road show was arranged at the International Convention City Bashundhara in the capital on Thursday.

Speaking on the occasion, Safwan Sobhan said, “It is a great pleasure and privileges on part of the Board and the Management of Bashundhara Paper Mills Limited to have all of you at this event today.”

“Your participation made us grateful,” he said adding, “We hope and believe your participation in the upcoming events of the company will be more inspirable.”

Bashundhara Paper Mills Limited aims at collecting Tk 200 crore from the capital market through initial public offering (IPO). Net proceeds from the IPO will be utilised for expansion of the company’s business activities, purchase of machinery and repayment of long-term loan, said Toffail Hossain, Chief Financial & Development Officer (CFDO) of BPML while describing financial highlights of the company.

AAA Finance Investment Ltd has been appointed as manager to the issue of the company and AFC Capital Ltd has been appointed as registrar to the issue of the company. Company Secretary M. Naseemul Hye has been appointed as chief compliance officer.

M. Naseemul Hye, Company Secretary, Sayedur Rahman, President of the Bangladesh Merchant Bankers’ Association, Mustafizur Rahman, FCA, ED of BPML also spoke at the programme.

SOURCE : Daily Sun