Khan Brothers PP Woven Bag Industries Ltd IPO Form prospectus. Khan Brothers PP Woven Bag Industries Ltd IPO Approved. Khan Brothers PP Woven Bag Industries Ltd IPO has approved on 24th June 2014. Khan Brothers will utilize the IPO fund for acquiring mercenaries, building construction, repayment of bank loans, assembly up working capital requirements and IPO expenses.
Khan Brothers PP Woven Bag IPO
Khan Brothers PP Woven Bag Industries Ltd IPO Approved. Bangladesh Securities and Exchange Commission (BSEC) has approved of Khan Brothers PP Woven Bag Industries Limited IPO the initial public (offering) on Tuesday to raise fund worth TK 20 crore floating its 2-crore shares at face value.
The capital market supervisory made the decision presided over by M Khairul Hossain chairman of Khan Brothers PP Woven Bag Industries Ltd at a commission meeting. The commission also decided to warn Dacca Dyeing & Manufacturing Company Limited due to company’s failure in submitting proposal of offering rights shares to the commission within 15 days of its decision.
The BSEC also allowed Trust Bank to issue a six-year subordinated bond worth TK 200 crore with 12.50 per cent acquiesce to maturity that will be fully redeemable, non-convertible and unsecured on the day. The weighted average of last five years’ earring and net asset value per share of the company stands at TK 0.87 and TK 14.69 correspondingly.
Khan Brothers PP Woven Bag IPO Subscription Details:
Subscription Starts: 24 Aug 2014
Subscription Ends: 28 Aug 2014
NRB Subscription Ends: 06 Sep 2014
Market Lot: 500 and Face Value: 10
Single lot price: Tk. 5000.00
- General Public: 24,000 lots
- Affected Investors: 8,000 lots
- NRB: 4000 lots
- Mutual Fund: 4000 lots
- Total: 40,000 lots
Institutional investors will be allowed to buy the bond that will be fully cash in after seven years. Trust Bank will use the fund to meet up the necessities of BASEL-II, capital adequacy of Tire-2 and to retain the current growth. Issue managers of the company are AFC Capital and BMSL Investment.
Khan Brothers PP Woven Bag IPO Form
The face value of each unit of the bond has been set at TK 1 crore. The capital market regulatory body on the day allowed Salek Textile Limited to relocate 8, 26,087 shares of face value of TK 100 each to Titas Spinning and Denim Company Limited too.
Salek Textile will issue one share of the company to the Titas Spinning against the latter’s 4.60 shares. Malek Spinning Mills grips 97.50 per cent and 99.97 per cent shares of Salek Textile and Titas Spinning correspondingly.
You will get details of Khan Brothers PP Woven Bag Industries Ltd IPO Approved official website at www.kbgbd.com and this website AllResultBD.com. We will declare all IPO related news and important notices at this website. So, visit our website to get Khan Brothers PP Woven Bag Industries Ltd IPO form, prospectus and result.