মঙ্গলবার, ১৪ জুলাই ২০২৬, ১১:২৬ অপরাহ্ন
DHAKA, July 14, 2026 (BSS) – Bangladesh Securities and Exchange Commission (BSEC) today approved the Initial Qualified Investor Offer (IQIO) of Royal Footwear PLC, marking the first such approval under the newly formed commission led by Chairman Masud Khan.
The decision was reached during the 1020th commission meeting held at the BSEC office, said a press release.
According to the commission’s resolution, Royal Footwear PLC will raise Tk 12 crore (120 million) from the capital market by issuing 1.2 crore ordinary shares at a face value of Tk 10 each.
The company, a 100% export-oriented footwear manufacturer, supplies products to various international clients, including the renowned US-based company ROSS.
The company intends to utilize the proceeds from the IQIO for repaying bank loans, purchasing spare parts and raw materials, and meeting the expenses of the IQIO process.
As per its audited financial report ending December 31, 2025, the company’s Net Asset Value (NAV) with revaluation was Tk 27.54, while the NAV without revaluation stood at Tk 15.74.
Its half-yearly Earnings Per Share (EPS) was recorded at Tk 0.82. Prime Bank Investment PLC is acting as the issue manager for this offering.
In a major move to modernize the capital market, the BSEC has also decided to provide consent to the stock exchanges to introduce “Script Netting” or “Intraday Trading”.
This initiative aims to make the trading system more dynamic, efficient, and modern, subject to the exchanges ensuring all necessary technical arrangements.
Furthermore, the commission approved a draft amendment to the Bangladesh Securities and Exchange Commission (Margin) Rules, 2025.
The draft will soon be published on the commission’s website and in newspapers to solicit public opinion.
In another development, the BSEC gave its consent to a proposal for the liquidation of the Vanguard AML BD Finance Mutual Fund One.
The decision follows the completion of the fund’s 10-year tenure and a formal application from its trustee, Bangladesh General Insurance Company PLC.
Managed by Vanguard Asset Management Limited, the fund has a total unit capital of Tk 104.32 crore with a face value of Tk 10 per unit, the release added.
