BBS Cables, the manufacturer of electric wires, will file for IPO to raise BDT 200 million. The company already received the positive nod from Bangladesh Securities and Exchange Commission, the commission said in a statement after its 602nd commission meeting on 13th April. Find a breakdown of IPO details below:
Financials: According to data from June last year, the company’s earnings per share stood at Tk 2.46 and net asset value per share at Tk 16.87.
BBS Cables, a sister concern of Bangladesh Building Systems, was incorporated on 12 April 2009. It manufactures all types of quality cables, wires, and conductors.