The company’s shares have been credited to respective beneficiary owners’ accounts on 20 October
Associated Oxygen Limited will start trading shares on both stock exchanges from 25 October this year under the "N" category.
Meanwhile, the company's shares were credited to respective beneficiary owners' accounts on 20 October.
Associated Oxygen held an initial public offering (IPO) lottery online on 7 October 2020.
The number of applications received from general investors during last 10-16 September was 31 times higher than the number of shares allocated for them.
Earlier, the regulator had approved Associated Oxygen's IPO proposal to raise Tk15 crore by issuing 1.5 crore shares with a face value of Tk10 each.
The company will spend the fund to build a warehouse and a shed, buy new machinery, repay bank loans, and meet IPO costs and other expenses.
According to the company's audited financial report for the year that ended on 30 June 2019, the weighted average earnings per share in the last five years stood at Tk1.51. Its net asset value per share was at Tk17.37 without revaluation.
Its paid-up capital is Tk60 crore. BD Finance Capital Holdings Ltd is working as the issue manager of the company for its IPO process.
Associated Oxygen has been producing and supplying industrial gases, both in liquid and gaseous forms, for the last three decades.
The company currently has a capacity to produce 8.27 lakh cubic metres of oxygen and nitrogen gases per month and 99.29 lakh cubic metres of dissolved acetylene gas per annum at its factory in Sitakunda upazila of Chattogram.