2024-03-21 06:40:35
The date for accepting applications for Qualified Investor Offer (QIO) of Craftsman Footwear & Accessories Limited, which is in the process of listing on the SME platform in the capital market, has been set. The company’s QI application will start on April 21. The application will be accepted till April 25.
This information was revealed on Thursday (March 21) by company sources.
Earlier on February 14, Craftsman Footwear and Accessories Limited received approval to withdraw 5 crore rupees at the rate of 10 rupees each through a QI application from the capital market regulatory body Bangladesh Securities and Exchange Commission (BSEC).
It is learned that the company will use the money raised for balancing, modernisation, expansion and replacement, repayment of bank loans, working capital management and issue management expenses.
In the financial year 2022-23, the company’s earnings per share (EPS) stood at Rs 2.35 and net asset value per share (NAVPS) stood at Rs 16.72.
The issuer company cannot issue any bonus shares for the next 3 years from the date of transaction on the SME platform. GreenDelta Capital Limited is engaged in the management of the company’s issue.