A company named ‘Door Services Plc’ will raise Tk 5 crore from the stock market through Qualified Investor Offer by Small Capital Companies (QIO). Capital market regulator Bangladesh Securities and Exchange Commission (BSEC) has approved the company to withdraw this money.
Executive Director and Spokesperson of the regulatory body Mohammad Rezaul Karim said that this approval was given in the commission meeting held on Sunday (June 9) under the chairmanship of Professor Shibli Rubaiyat-ul-Islam, chairman of BSEC.
He said that the company will sell shares to qualified investors through QIO and raise capital of Tk 5 crore. For this the company will issue 50 lakh common shares. The price of each share is fixed at 10 rupees. With the objective of creating long-term financing opportunities in the SME sector, this money withdrawal facility has been provided.
The company will spend this amount on product development (door school management software, D-Courier, call center and tracking system and AI software), cloud computing and ancillary costs issue management.
As per financial statement for the financial year ended June 30, 2023, the company’s earnings per share (EPS) stood at Tk 4 86 paise and net asset value per share (NAVPS) stood at Tk 17 85 paise.
Rezaul Karim said, Alpha Capital Management Limited is responsible for the issue management of the company.
MAS/MAH/JIM
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