2024-07-19 05:03:29
Dhaka Thai Alcomax Plc wants to be listed in the capital market. The company will be listed by raising money from the capital market. The company will raise funds from the capital market through an initial public offering (IPO) process.
Following this, the company has recently applied for IPO to the capital market regulatory body Bangladesh Securities and Exchange Commission (BSEC).
This information is known from BSEC sources.
Dhakathai Alcomax, a leading manufacturer of aluminum profiles, will raise Tk 30 crore from the capital market for business expansion and to meet the growing demand in the local market. For this reason, the company has decided to issue 3 crore shares.
Dhakathai Alcomax holds around 20 to 22 percent market share in the local aluminum profile market. The company aims to capitalize on growing demand by expanding market share by introducing compliant and high quality products. In recent years, aluminum companies’ operating costs have risen significantly due to higher raw material and fuel costs, reducing profit margins for industrial firms.
From July to December 2023, the company earned Tk 213 crore 96 lakh, which was Tk 193 crore 09 lakh in the same period of the previous year. Net profit after tax increased by 16 percent from Tk 633 million to Tk 735 million in the year. Earnings per share for the period were 55 paise, and net asset value per share as of December 2023 was 11 32 paise.
Prime Bank Investment Limited is the Issue Manager of Dhaka Thai Alcomax Plc.