Bangladesh Securities and Exchange Commission (BSEC) has approved Royal Footwear PLC’s proposal to raise Tk 120 million through a Qualified Investor Offer (QIO), marking the first such approval in nearly two years.

The approval was granted at the regulator’s 1,020th commission meeting held on Tuesday, chaired by BSEC Chairman Masud Khan. It is also the first QIO approved since Khan assumed office.

According to a BSEC press release, Royal Footwear will issue 12 million ordinary shares at a face value of Tk 10 each to eligible qualified investors, raising a total of Tk 120 million.

The company, a 100% export-oriented footwear manufacturer, supplies shoes to several international buyers, including renowned U.S. retailer Ross.

Royal Footwear said the proceeds from the QIO will be used to repay bank loans, purchase raw materials and spare parts, and meet issue-related expenses.

Based on the company’s audited financial statements as of December 31, 2025, its net asset value (NAV) per share stood at Tk 27.54, including revaluation, and Tk 15.74 excluding revaluation. Its half-year earnings per share (EPS) were Tk 0.82.

Prime Bank Investment PLC has been appointed as the issue manager for the QIO and, together with EC Securities Limited, will also act as the underwriter.

At the same meeting, the securities regulator also approved a draft amendment to the Bangladesh Securities and Exchange Commission (Margin) Rules, 2025, aiming to make the country’s margin loan framework more effective and up to date.