|Published : 18 Oct 2016, 11:49:32|
Runner Auto IPO road show Wednesday
FE Online Desk
Runner Automobiles Limited will raise BDT 1.0 billion through Initial Public Offering (IPO) under book building method. The company will hold a Road Show Wednesday at 7:00pm at Pan Pacific Sonargaon Dhaka. Runner Automobiles Limited, a motorcycle manufacturer owns manufacturing facility on 38 acres of land in Bhaluka with capabilities to produce at least 100,000 units a year. Runner's product range varies from 50 cc to 150 cc with some 15 models of motorcycles and scooters.At present, authorised and paid-up capital of the company stands at BDT 2,000 million and BDT 942 million respectively. IDLC Investments Limited is working as Manager to the Issue for the IPO, said a statement.