Asiatic Laboratories working on IPO under book building

Asiatic Laboratories Ltd has recently started working on its initial public offering under the book building method.  

The initiating was made public at Radisson Blu Dhaka Water Garden, said a press release.

"The IPO will enable us to achieve our desired production capacity and market share," said Managing Director Monir Ahmed.

According to its projected financial statement, sales revenue in 2025 will reach Tk 287.63 crore. "We will be able to meet the market demand of Bangladesh and then export to other developed countries," he said.

Tahmina Begum, chairman, Maqsood Ahmed, executive director, and Sadia Ahmed, director (operation), were present.