Trading in the shares of Techno Drugs Limited, a drug manufacturing company in the process of listing in the capital market through an initial public offer (IPO) in the book-building system, will begin today (July 14).
This information is known from Dhaka Stock Exchange (DSE) sources.
According to sources, Techno Drugs’ trading code on DSE will be: ‘TECHNODRUG’. Besides, the trading code of the company will be 18499. Techno drugs will be included in the pharmaceutical and chemical sectors.
In the 902nd commission meeting of the Bangladesh Securities and Exchange Commission, Techno Drugs Limited was approved to raise 100 crore taka through book building IPO.
The company will spend the money raised through the IPO on the purchase of new machinery, BMRE (Narsingdi factory), building construction (Gazipur factory), partial debt repayment, and issue management expenses. According to the company’s audited financial statements for the financial year ended June 30, 2023, the net asset value per share (NAVPS) including revaluation was Tk 27 74 poisa, and without revaluation, it was Tk 22 57 poisa. The company’s earnings per share (EPS) for the financial year under review was TK 2.8 poisa, compared to the weighted average rate of TK 3.25 poisa for the last five years.
Imperial Capital Limited and EBL Investments Limited are responsible for the issue management of the company.
