Stocks
Asiatic Laboratories bidding to begin Monday
Drug & Medicine manufacturing company, Asiatic Laboratories Ltd, is coming to the stock market through book building. The company’s bidding (auction) date has been fixed. Bidding for the company will begin Monday, October 10, at 3 pm and then continue until 3 pm on Thursday, October 13.
This information is collected from DSE sources.
The stock market regulator Bangladesh Securities and Exchange Commission, BSEC has given access to the company for bidding on August 31. The company will raise Tk 95 crore from the stock market.
As per book building method IPO rules, shares reserved for institutional investors will be sold first. Shares will be sold to regular investors in the IPO at the price at which the sale of the reserved shares will be completed, 30pc or 20 takas, whichever is lower, than the price (cut-off price).
According to sources, the net asset value (NAV) per share of the company after revaluation was Tk 56 61 paisa as per the audited financial report for the financial year ending June 30, 2021. And excluding revaluation, the company’s net asset value per share (NAV) was Tk 35 48 paisa. The five-year weighted average earnings per share (EPS) was Tk 3.21 paisa.
Based on the conditions laid down by the BSEC for approval of the IPO, the company cannot declare, approve or distribute any dividend prior to listing.
Dhaka Stock Exchange DSE, Bourse on the last working day of the week, April 18th, ended with a drop in Indices and hike in Turnover from the previous working session. This information is known from DSE sources.
522 crore 51 lakh taka shares were traded on this day. 39 crore 97 lakh more tradings were done in DSE today compared to the previous workday, 17th April , Shares worth Tk 482 crores 53 lakh shares were traded last time, Wednesday.
The benchmark DSEX lost 77.08 points or 5,686 The Shariah-based index DSES dropped 15.85 points or 1,246, and the blue-chip index DS30 decreased by 22.77 points or 1,984.
Of the issues traded, 29 advanced, 342 declined and 24 remained unchanged.
Asiatic laboratories Limited ranked top gainer on DSE, the share price increased by Tk 4.60 paisa or 9.96 percent. On this day, the share was last traded at Tk 50.80 paisa.
Far East Finance & Investment Limited ranked top loser on the DSE, the share price dropped by Tk 0.30 paisa or 6.97 percent. On this day, the share was last traded at Tk 4.00 paisa.
DSE topped on trade is Asiatic Laboratories Limited 39 crore 22 lakh takas of company shares have been traded.
A total of 40 companies’ shares were traded in the Block on Dhaka Stock Exchange. A total of 47 lakh 25 thousand 651 shares of the companies were traded. The financial value of which is 17 crore 46 lakh taka
One of the listed companies, Agni Systems limited discloses its financial reports for the third quarter, (January – March 24).
The company’s earnings per share (EPS) was Tk 0.32 paisa in Q3 of the current financial year (January – March 24). EPS was Tk 0.27 paisa during the same period last year. NAV per share was Tk. 16.37 as of March 31, 2024.
One of the Listed companies, Dutch Bangla Bank PLC has recommended 17.5% Cash Dividends & 17.5% Stock Dividends for the year ended December 31, 2023.
In terms of financial performance, The Company has further informed Consolidated EPS of Tk. 10.72 for the year ended December 31, 2023. The Company has also reported Consolidated NAV per share of Tk. 64.41 for the year ended December 31, 2023.
The Annual General Meeting (AGM) of the company will be taking place on June 09, through the digital platform. The record date for this has been fixed at May 9.
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