Only institutional investors can participate in exploring the cut-off priceThe bidding for eligible investors (EIs) to discover the cut-off price of shares of Index Agro Industries Limited will begin on Sunday. The company’s share bidding through the electronic subscription system (ESS) of the exchanges will continue until November 4. Only institutional investors can participate in exploring the cut-off price of the company's shares under the electronic bidding process. According to the entity’s audited financial statements for the year ending on June 30, 2019, the company’s weighted net asset value per share was Tk45.03 while earnings per share (EPS) was Tk7.07. Incorporated in 2000, Index Agro Industries commenced operations with a poultry hatching and breeder facility to cater to the growing demand of quality pullets for the promising local poultry industry.

Source: Dhaka Tribune October 31, 2020 15:33 UTC