Premier Cement Mills IPO approves
The approval came at a commission meeting Wednesday presided over by its chairman Prof M Khairul Hossain.
Premier Cement Mills will also float 12 million ordinary shares of Tk 10 each at an offer price of Tk 22 including a premium of Tk 12. Premier Cement will raise Tk 264 million from the market through IPO.
According to its 2010-2011 financial statement, the earning per share of Premier Cement is Tk 4.05
Premier Cement manufactures ordinary portland cement and portland composite cement under “PREMIER CEMENT” brand and marketing the same in local and abroad.
IPO proceeds will be sued for the implementation of the expansion plant.
Alliance Financial Services will be the issue manager for IPO process.