Krishibid Seed to raise Tk 11.60 crore

Krishibid Seed got the approval for raising funds of Tk 11.60 crore as a small and medium enterprise through issuing 1.16 crore shares.

The Bangladesh Securities and Exchange Commission (BSEC) approved the qualified investor offer (QIO) in a meeting today.

With the QIO proceeds, the SME company will utilize to build cold storage, and seeds research and development centre.

After debuting trading at the SME platform, the company will not be allowed to issue any bonus shares in the next three years.

Its earning per share was Tk 0.60 at the first quarter of 2021-22, according to a press release of the BSEC.

Its net asset value per share without revaluation reserve was Tk 12.60 as of September 30, 2021.

SBL Capital Management was its issue manager.