Far East Knitting IPO result

Far East Knitting and Dyeing IPO Result www.fareastknit.com. Far East Knitting and Dyeing IPO Result will be published on 17th July 2014. We will publish Far East Knitting IPO Result, when Far East Knitting and Dyeing limited publish result.

Far East Knitting IPO Result

Far East Knitting and Dyeing Initial Public Offering (IPO) approved on 3rd June 2014, Tuesday by The Bangladesh Securities and Exchange Commission. The capital market controller approved the IPO in a regular commission meeting supervised over by its Chairman M Khairul Hossain.

Far East Knitting and Dyeing Industries IPO to raise fund worth TK 67.50 crore floating 2.50-crore shares of its. Far East Knitting will use the IPO fund for the organization’s balancing, expansion, modernization, rehabilitation, repayment of the term loan and meeting up the IPO expenses. The BSEC on the day approved a seven-year ‘Coupon-Bearing Subordinate Bond’ of Mercantile Bank too. It’s worth is TK 300 crore.

As per the company’s last five year weighted average of financial statements, the earning per share (EPS) stands at TK 3.28 and the re-valued net asset value (NAV) per share at TK 19.08. The offer price of each share of the company is set at TK 27 including premium of TK 17 on each share. The face value of each lot of the bond has been set at TK 10 lakh and coupon rate of the bond will be between 12 per cent and 15 per cent. Far East Knitting and Dyeing IPO Result will be published in our website.

Fareast Knitting was incorporated on 19th April 1994 as a public limited company. The company’s authorized and paid up assets put at TK 1.5 billion and TK 64 million respectively at 30th September 2010. Individuals except the existing shareholders of the bank, non-bank financial institutions, corporate entities, mutual funds, insurance companies, asset management companies, merchant banks and individuals with high net worth will be illegible to avail the bond.

Far East Knitting and Dyeing IPO Result Download

Bank / Branch Code
General Public
Non resident Bangladeshi
Affected small investors
Mutual Fund
Distribution of Refund Warrant

Fareast Knitting ipo subscription started from 15 June 2014 and subscription closed on 19 June 2014 but for non-residential Bangladeshi Fareast Knitting ipo subscription close at 28 June 2014. Get Far East Knitting and Dyeing IPO Result from allresultbd.com. IDLC Investments is the issue manager of Far East Knitting and Dyeing IPO.

The capital market regulator on the meeting allowed Bangladesh Development Bank to exchange its First BSRS Mutual Fund and asked the BDBL to follow Section 54 under Mutual Fund Rules 2001 for the release process. As per the reviewed financial statement of the fund, unit holders will acquire TK 105.32 beside each unit of the fund. The bank will use the fund to meet up its Tier-II requisite and raise capital adequacy ratio as per the BASEL-II.

Far East Knitting IPO Result will get Far East Knitting & Dyeing Industries Ltd official website www.fareastknit.com.Visiting this website for finding Far East Knitting IPO Result and its related news. You will found more information about Initial Public Offering (IPO) at AllResultBD.com.

Far East Knitting and Dyeing IPO Result

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