72 crore IPO of the company's total demand of 910 million were submitted, of which 12 percent of the total requirement of 63 times the company. Lottery draw will be held for the allocation of the shares.
Earlier on May 24 to June 5 Aman feed IPO application is submitted. The deadline for the investors, both local and expatriate Bangladeshis were applicable.
The company with a face value of 10 rupees to 36 rupees at a premium of Rs 6 share issue was approved. Two million shares through the IPO, the company introduced to the market.
To collect the money from the capital market for business expansion, long-term debt to working capital and IPO expenses, according to the company's IPO prospectus.
