Best Electronics Seeking Tk100cr For Business Expansion2 min read

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Best Electronics Ltd, one of the fast-developing gadgets retailers of the nation. At present, needs to raise Tk100 crore on the stock market to extend its business. Moreover, the organization will give an initial public offering (IPO) utilizing the book-building technique.

Read more: Samsung Reclaims the Top Spot in The Global Smartphone Market

Right now, with the IPO continues, Best Electronics Ltd is a subsidiary of Zaman Group. Additionally, declaring it will modernize each of the four units of its two manufacturing plants in Gazipur and Chuadanga. A year ago the organization’s yearly income was around Tk250 crore, with settled up capital of Tk45 crore.

To begin with, Best Electronics started its excursion in 2013 with the goal of conveying the home machines of all major worldwide brands to the very good quality purchaser gathering of Bangladesh.

Best Electronics, which had only 12 showrooms at first, has figured out how to open in excess of 120 showrooms the nation over.

Throughout the long term, it has made sure about approved distributorship of practically all significant brands of home machines far and wide, including Hitachi, Sharp, Panasonic, Whirlpool, Philips, V-Guard, Toshiba, and Midea.

 “We are working to support customers for a comfortable life. We strongly believe that, in Bangladesh, Best Electronics can provide customers with a massive collection of home appliances products.”

– Syed Asaduzzaman

Managing Director, Best Electronics Ltd.

Generally speaking, Best Electronics Ltd utilizes Conion as the brand name for its items. It produces fans, climate control systems, coolers, and other home machines. The interest in Conion items is expanding available consistently. Notably, Best Electronics and Prime Bank Investment, the issue supervisor for the organization, has given all the data.

At this instant, The size of the quick-moving shopper merchandise industry is around Tk26,700 crore and the market is developing at 11% in addition to every year.

Meanwhile, Prime Bank Investment has just consented to an arrangement with the organization. With this intention, to give issue to the executive’s administrations. The customer products industry area is quickly developing. Not to mention, it is a conspicuous industry in Bangladesh. It tends to be isolated into two significant classes – quick-moving consumer durables and fast-moving consumer goods.

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