Golden Harvest's IPO begins today
The subscription of Golden Harvest Agro Industries' initial public offering begins today and will remain open till next Sunday.
The manufacturer of frozen ready-to-cook foods intends to raise further capital of Tk 75 core by issuing 30 million shares at Tk 25 a share, including a premium of Tk 15 each, according to the Securities and Exchange Commission.
The company's earnings per share is Tk 4.72 and net asset value per share stands at Tk 25.53, as per its report for 2010-11.
Over the five years of achieving highest global standards of quality food productions, British Retail Consortium helps Golden Harvest to create a platform of an international image of manufacturing quality foods in Bangladesh," said Samad Chowdhury, chief operating officer of the company.
The company plans to add another product -- Premium Ice Cream -- to its product line soon and launch a modern distribution network to reach all of Bangladesh by 2013 through setting up storage facilities round the year in strategic locations.
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