C&A Textiles Limited IPO Approved -cnatextiles.com. The Bangladesh Securities and Exchange Commission on Tuesday, 23rd September approved an Initial Public Offering (IPO) of C&A Textiles Limited (CATL) to to go for public worth Tk 45 crore to float 4.50 crore shares at offer value at Tk 10/- without any premium.
The decision was taken at 582th regular meeting of the commission presided over by its chairman Mr. Khairul Hossain. BSEC release said as per the BSEC approval, C&A Textiles will float its 4.50 crore ordinary shares at an issue price of Tk 10 each.
As per the company’s latest financial statement for the year ended on December 31, 2013, the net asset value (nav) per share of the company was Tk 18.38 with an earning per share (eps)of Tk 1.78.
AFC Capital Ltd and Imperial Capital Ltd are the issue managers of the C&A Textiles company.
About the Company:
C & A Textiles Limited (CATL) was incorporated in Bangladesh as a Private Limited Company. The Company started its commercial operation on 7th February, 2003. The factory premise of CATL is located at Plot # 61, 62, 66, 67, 68, 72 & 73, BSCIC Industrial Estate (Extn.), Kalurghat, Chittagong, Bangladesh.
Nature of business of CATL:
C & A Textiles Limited is a 100% Export oriented knit composite Textiles industries to carry out Business of Knitting, Dyeing, Printing and Manufacturing of various types of RMG such as T- Shirt, Polo Shirt, Tang Tops, Shorts, Sweet Shirt, Boxer, Skirts, Legging, Fleece Jacket Etc, and Export to the USA, Canada, Brasil, UK, Italy and Germany.
House No-127 (2nd Floor), Road-10,
Block-C, Niketon, Gulshan-1,
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