Business Desk :
Krishibid Seed has got approval to raise funds of Tk 11.60 crore as a small and medium enterprise through issuing 1.16 crore shares.
In a commission meeting, the Bangladesh Securities and Exchange Commission (BSEC) approved the qualified investor offer (QIO).
With the QIO proceeds, the SME company will build a cold storage and seed research and development centre.
After debut trading at the SME platform, the company will not be allowed to issue any bonus shares in the next three years.
Its earnings per share was Tk 0.60 in the first quarter of 2021-22, according to a press release of the BSEC.
Its net asset value per share without revaluation reserve was Tk 12.60 as on September 30 of 2021.
SBL Capital Management was its issue manager.
