The Management Board of BSC Drukarnia Opakowań S.A. allotted all the shares offered within the Initial Public Offering
The Management Board of BSC Drukarnia Opakowan S.A.allotted 3 million H series shares offered to the investors within the initial public offering. The gross income from the issue amounted to 52.5 million PLN.
All offered shares were included in the company’s shares public offer. Institutional investors bought 2.25 million shares and 750,000 shares were allotted in the open tranche.
For the fund raised from the issue BSC Drukarnia Opakowan is planning to overtake and subsidize the flexographic printing house manufacturing self-adhesive labels and transform the subsidiary company BSC Etykiety into a specialized plant providing packaging for pharmaceutical line of business.
The company is also planning to develop the high-margin premium packaging, which is possible thanks to investments in technological lines and expansion of the plant allowing further improvements of the print quality, limiting the process time and cost reduction.