The Dhaka Stock Exchange (DSE) has announced that the trading of shares for Web Coats PLC. will officially commence on Monday, March 11, 2024, under the Small and Medium Enterprise (SME) platform.
The assigned trading code for Web Coats PLC. is “WEBCOATS,” and its designated DSE Company Code falls under the “Paper & Printing” sector with the code “79001.”
In the fiscal year 2022-23, Web Coats reported a robust revenue of Tk50 crore, accompanied by an impressive earnings per share (EPS) of Tk1.50. The company’s commitment to financial transparency is further underscored by its net asset value per share, which stands at Tk15.92 with revaluation and Tk13 without revaluation.
Post-listing, Web Coats PLC. has declared a hiatus on issuing bonus shares for the initial three years, emphasizing a strategic approach to capital management and growth.
As a 100% export-oriented entity, Web Coats specializes in manufacturing and exporting various paper and board products. The company’s extensive range comprises more than 10 paper-based products, including self-adhesive, paper bent, tissue paper, neck board, size board, hang tag, and size tag, produced, processed, and converted within its own plant.
DSE has welcomed Web Coats PLC. to the SME platform, providing investors with an opportunity to engage with a new entrant in the “Paper & Printing” sector. The initiation of trading marks a significant development for both the company and potential investors, adding to the diversity of offerings in the market.
Web Coats PLC.’s presence on the SME platform signifies the company’s commitment to growth and transparency, creating avenues for investors to participate in its journey. As the trading kicks off, stakeholders are anticipated to closely monitor the stock’s performance and its impact on the sector.
