BSEC Approves Royal Footwear’s QIO to Raise Tk 120 Million

Export-oriented footwear manufacturer Royal Footwear has received approval to raise funds from the stock market through a Qualified Investor Offer (QIO). The Bangladesh Securities and Exchange Commission (BSEC) approved the company’s QIO to create long-term financing opportunities in the SME sector. It is the first QIO approval by the new commission led by BSEC Chairman Masud Khan after a gap of two years and two months.

The approval was granted at the 1,020th commission meeting held on Tuesday, chaired by BSEC Chairman Masud Khan. The matter was later disclosed in a press release signed by the commission’s Executive Director and spokesperson, Md. Abul Kalam.

According to the release, Royal Footwear is a 100 percent export-oriented footwear manufacturing company. The company exports shoes to various countries around the world. Among its buyers is Ross, one of the leading footwear retailers in the United States. The company has been approved to raise Tk 120 million from the stock market. Under the QIO, the company will issue 12 million shares with a face value of Tk 10 each to qualified investors.

The company will use the proceeds to repay bank loans, purchase spare parts and raw materials, and meet expenses related to the share issuance.

According to the company’s audited financial statements, as of Dec. 31, 2025, the net asset value (NAV) per share, including revaluation, stood at Tk 27.54. Excluding revaluation, the NAV per share was Tk 15.74. In addition, half-year earnings per share (EPS) stood at Tk 0.82.

Prime Bank Investment PLC will act as the issue manager for the share issuance, while EC Securities Limited will serve as the underwriter.