By IANS,
Dhaka : Marico Bangladesh, a subsidiary of the Mumbai-based edible oil major Marico Limited, India, has registered a Taka 191.67 million ($2.82 million) profit as per un-audited half-yearly accounts as March 31 this year.
The company, with a significant share of the domestic market, debuted on the stock exchange Wednesday.
The company was the second among the top ten turnover leaders with a total transaction of Tk 325.8 million ($4.8 million). A total of 1,002,350 shares of the company was traded on the DSE, New Age newspaper said.
Marico Bangladesh raised around Tk 270 million ($3.98 million) from the capital market, issuing around three million shares in an initial public offering subscription which opened Aug 2 and closed Aug 10.
The offer price of the company’s share was Tk 90 ($1.3) each (including a premium of Tk 80).
A DSE stockbroker told the newspaper that the market saw buying spree of investors for shares of Marico Bangladesh and other companies. Investors took positions on their portfolios ahead of Eid closure of the bourses, he said.
Marico India chief Harsh V. Mariwala was here recently to explore prospects of greater market share for the products, either to be supplied from India or to be produced locally.