Central Pharmaceuticals debuts on bourses today

Central Pharmaceuticals is set to make its trading debut today, the 25th company from the pharmaceutical and chemical category to do so.
The drug manufacturer is joining the stockmarket with 6.20 crore ordinary shares of Tk 10 each. However, of the total shares 1.40 crore will be tradable now.
Earlier, the company raised Tk 14 crore from public through initial public offering (IPO) using the fixed price method, after getting approval from Bangladesh Securities and Exchange Commission on March 27.
The purpose of the IPO, conducted by Janata Capital and Investment, was to raise funds for repayment of the company loans, the prospectus said.
As of March 2013, the company's earnings per share stood at Tk 0.62 and net asset value per share Tk 11.61.
Central Pharmaceuticals produces 71 types of medicines, at present.