Trading of the shares of Achia Sea Foods will commence on Monday (July 18) on the SME Platforms of Dhaka Stock Exchange (DSE) and Chittagong Stock Exchange (CSE).
Achia Sea Foods will be the 14th listed firm in the DSE SME Platform. Only qualified investors (QI) are allowed to trade in the SME Platforms.
The stock market regulator -- Bangladesh Securities and Exchange Commission (BSEC)--on April 5 approved the company's proposal for raising capital through QIO.
As per the regulatory approval, the frozen food exporter issued 15 million ordinary shares at a face value of Tk 10 each under the fixed price method.
The firm raised the capital through the qualified investors offer earlier introduced to ensure long term financing for the small capital companies.
The company's share subscription through electronic subscription system (ESS) of the exchanges was held between June 18 and June 23.
The company will utilise the proceeds for machinery installation, repayment of loans along with catering the expenses of issue management.
According to the company's audited financial statements for the year ended on 30 June 2021, its earnings per share stood at Tk 1.88 and net asset value per share of Tk 17.07.
The company will not be allowed to issue bonus shares in three years from debut on the SME Platform, according to the BSEC approval.
AAA Finance and Investment is working as the issue manager for the company.
Incorporated in 1993, Khulna-based Achia Sea Foods is engaged in the processing and exporting of finished quality seafood products 'shrimps and fishes' in the foreign market.
