Shoeniverse Footwear Limited has announced plans to raise Tk 100 crore through an initial public offering, marking its entry into the public capital markets.
The export-oriented footwear manufacturer intends to offload shares to fund its operations and expansion, according to reports from The Daily Star.
The move signals growing confidence in the regional equity market, where companies are increasingly turning to public listings to secure growth capital.
Shoeniverse joins a broader trend of manufacturing firms seeking liquidity and visibility through IPOs, a pattern also seen recently with Shreedhar Spinners, which launched its own offering earlier this month.
For investors, the listing provides a new avenue to gain exposure to the export-focused footwear sector.
The Tk 100 crore raise will likely be used to strengthen working capital and potentially expand production capacity, though specific allocation details have not yet been disclosed.