BSEC approves IPO of AFC Health
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Dhaka, Sept. 17 -- The securities regulator has approved the IPO (initial public offering) proposal of AFC Health which will raise capital worth Tk 170 million from the capital market.
The approval came at a meeting held at the office of the Bangladesh Securities and Exchange Commission (BSEC) on Wednesday.
At the meeting, the BSEC also fined NRB Equity Management of Tk 1.0 million for opening BO (beneficiary owner's) accounts in breach of the securities rules.
As per the BSEC's approval, AFC Health will offload 17 million shares of Tk 10 each under the fixed price method.
The company will utilise the IPO fund worth Tk 170 million to purchase machinaries and equipments along with bearing the IPO expense.
For the year ended on June 30...
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