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Regent Textile IPO approved

Regent Textile IPO approved

Regent Textile IPO approved -habibgroupbd.com.  Bangladesh Securities and Exchange Commission (BSEC) approved a Regent Textile Mills IPO on August 24, 2015. Regent Textile Mills are going to raise a fund worth Tk 1.25 billion under fixed price method.

The securities regulator Monday approved the IPO (initial public offering) proposal of Regent Textile Mills which will. The approval decision was taken at a meeting of the Bangladesh Securities and Exchange Commission (BSEC) at its city office.

Regent Textile Mills, an export oriented textile mill for woven fabrics and home furnishing items, will offload 50 million ordinary shares at Tk10/= each at offer value of Tk.25/= with 15 taka as premium.

The company will use the fund for the purpose of Balancing, Modernisation, Replacement and Expansion) along with setting up new business project. According to last financial report ended on December 31, 2013 the company’s earning per share (EPS)=2.92/- and net asset value (NAV)=33.17/-.

LankaBangla Investment will act as the issue manager of the Regent Textile IPO.

Regent Textile Mills IPO Approved:

Name: Regent Textile Mills
Market lot: 200
Per share: 25/=
Total Taka: 5,000/= for each lot
EPS: 2.92 Tk
NAV: 33.17 Tk

Regent Textile Mills IPO Subscription:

Subscription date, IPO application forms will be available here.

Rejent Textile Prospectus, IPO Application Form, IPO result of Regent Textile IPO approved – habibgroupbd.com will publish. You may also visit Rejent Textile  website.

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