Midland Bank’s IPO apply begins today

Midland Bank Limited’s initial public offering (IPO) applications will begin today (February 16, 2013). It will continue until February 23. This information is known from company sources.

Earlier, the bank’s IPO was approved in the 839th meeting of the Bangladesh Securities and Exchange Commission (BSEC)

It is known that the company will issue 7 crore shares at Tk 10 each and withdraw Tk 70 crore from the capital market. By withdrawing money from the capital market, the bank will invest in government securities and securities listed in the capital market and carry out the IPO expenses.

According to the company’s latest published audited financial statements for the financial year ended 31 December 2021, net asset value per share without revaluation stands at Tk 13. According to the financial report for the financial year ended 31 December 2021, the company’s earnings per share (EPS) is Tk 0.90 and the weighted average rate of earnings per share (EPS) of the last 5 years is Tk 1.07.

Lankabangla Investment Limited is responsible for the issue management of the company.

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