BD Thai Food and Beverage gets go-ahead for IPO

BD Thai Food and Beverage Ltd has recently got go-ahead to raise Tk 15 crore from the stock market.

Through issuing 1.5 crore ordinary shares, the company would raise the fund and the proceedings of the initial public offering will be utilised to purchase machinery, construct a building and develop land.

Its five years' weighted average earnings per share was Tk 0.63. The company's paid-up capital is Tk 66.5 crore.

The food and beverage maker has been allowed to issue 15 per cent shares to its employees but their share would not be allowed to sell within two years of listing.