Far East Knitting IPO result

Far East Knitting IPO Approved Form and Prospectus Download. Get Far East Knitting IPO Form and Prospectus from our website now. Far East Knitting & Dyeing Industries Limited IPO has approved by Bangladesh Securities and Exchange Commission (BSEC).

Far East Knitting IPO Form

The company will offload 30 million regular shares to raise Tk 1.50 billion. The face value of each share has been fixed at Tk 10 and proposed premium at Tk 40. The paid up capital is Tk 64 million. Far East Knitting got approval from the Securities and Exchange Commission (SEC) to offload share in book building system in December.

Far East Knitting company said in their own website, since the inception in 1994 the FEKDI sustain high standards in manufacturing garment products for the globe’s renowned brands by using a mix of the latest machinery imported from Singapore, Taiwan, Greece, South Korea, Turkey and USA.

The IDLC Investment Limited has been appointed the issue manager to the Far East Knitting & Dyeing Industries Ltd. The BSEC has approved the audited financial statement and the trustee report ready for liquidation of the First BSRS Mutual Fund.

Prospectus Download

Managing director of Fareast Knitting Asif Moyeen said major portion of the proceeds from the capital market would be used up on establishing a spinning mill.  The mill’s capacity will be 26000 spindles. They plan to go into production in a road show in the city and organized to determine the analytic share price by 2012. And the rest of the money will be used to expand the current project and gather the liabilities.

Subscription open:  15 Jun 2014
Subscription close: 19 Jun 2014
Subscription close for NRB: 15 Jun 2014 to 28 Jun 2014
Market lot: 200 units
Single lot price: Tk. 5400.00

Far East Knitting and Dyeing Ltd:

Far East Knitting IPO resultFar East Knitting & Dyeing Industries Limited is an export oriented Garments Company. It will offload shares in the capital market in book building system. Fareast knitting is expertise in fashion knitted tops. And it offers a wide sort of fabrics. They produce fabrics includes 100 per cent cotton, viscose, viscose-Lycra, modal, Bamboo. The company export revenue was 1.3 billion taka in 2009-2010.

Fareast Knitting was incorporated on 19th April 1994 as a public limited company. The company’s authorized and paid up capital put at Tk 1.5 billion and Tk 64 million respectively at 30th September 2010.

Far East Knitting  IPO Application Forms Download
> Resident Form
> NRB Form
> Affected Form

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As per the prepared statements, the unit holders of the First BSRS Mutual Fund will get Tk 105.32 against each unit. Many institutional shareholders including representative from bank, insurance, non-banking financial institution took a part at the road show for the following price discovery under the book building method. The issue manger is IDLC Finance for the Far East Knitting IPO. You will find Far East Knitting IPO Form and Prospectus Download here after given. So, visit the website for getting more.

Far East Knitting and Dyeing IPO Result